Food And Beverges Global Market Report 2022: Increasing Organic Food Consumption, Growing Demand for Immunity Boosting Foods and Beverages & Rising Penetration of Organized Retail to Propel Sector - ResearchAndMarkets.com
The market is expected to grow from $5,818.25 billion in 2021 to $8,010.98 billion in 2026 at a rate of 6.6%.
- The market is expected to grow from $5,818.25 billion in 2021 to $8,010.98 billion in 2026 at a rate of 6.6%.
- The market is then expected to grow at a CAGR of 5.4% from 2026 and reach $10,406.81 billion in 2031.
- Going forward, the increasing organic food consumption, growing demand for immunity boosting foods and beverages, rising penetration of organized retail, rapid growth in ecommerce, increasing demand for premium and organic pet food, faster economic growth and food security initiatives will drive the growth.
- Asia Pacific was the largest region in the food and beverages market, accounting for 41.9% of the total in 2021.