Dublin, Aug. 21, 2023 (GLOBE NEWSWIRE) -- The "Food And Beverages Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global food and beverages market has demonstrated remarkable growth, expanding from $6,729.54 billion in 2022 to $7,221.73 billion in 2023, with an impressive compound annual growth rate (CAGR) of 7.3%.
This growth is particularly noteworthy in light of the intricate global landscape and the ongoing disruptions caused by events like the Russia-Ukraine war. Despite these challenges, the market is anticipated to continue its upward trajectory, reaching a projected value of $9,225.37 billion by 2027, growing at a steady CAGR of 6.3%.
The recent Russia-Ukraine war has cast shadows over global economic recovery from the COVID-19 pandemic, especially in the short term. The war has triggered a series of consequences, including economic sanctions, commodity price surges, and supply chain disruptions. These disruptions have led to inflation across goods and services, impacting various markets worldwide.
Report Overview
The comprehensive food and beverages research report offers insights into the industry's dynamics. It encompasses vital statistics such as global market size, regional shares, competitive landscape, segmented analysis, trends, and opportunities. This report equips industry stakeholders with essential information to navigate the evolving food and beverages sector effectively.
Market Overview
Innovation is shaping the food and beverages industry, with techniques like individual quick freezing (IQF) enhancing frozen food quality and yield. The IQF method involves rapidly freezing individual food items, resulting in better product quality, improved nutritional value, and reduced wastage. Notably, the global IQF vegetable market is projected to reach $2 billion by 2026, indicating strong demand for IQF food products.
Asia-Pacific emerged as the largest region in the food and beverages market in 2022, closely followed by Western Europe. The report spans diverse geographical areas, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Encompassing numerous countries, the report delves into the dynamics of the food and beverages market in Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.
The current market conditions have led to falling crop prices in many countries due to overcapacity, potentially resulting in lower raw material costs for food and beverage companies. This overproduction scenario could lead to higher profit margins, driving increased productivity and growth in the industry.
The food and beverages market encompasses a wide range of products, including beer, wine, spirits, coffee, tea, soft drinks, flour, rice, malt, breakfast cereal, sugar, confectionery products, bakery items, frozen foods, dairy products, meat, poultry, seafood, flavorings, seasoning, fats, oils, pet food, tobacco products, and more.
Leading companies in this sector include Nestle S.A., JBS S.A., PepsiCo Inc., Anheuser-Busch InBev sa/nv, Tyson Foods Inc., Wilmar International Ltd., Archer-Daniels-Midland Company (ADM), The Coca-Cola Company, Imperial Brands plc, and Mars Incorporated.
Reasons to Purchase
- Global Perspective: Benefit from a comprehensive report covering 50+ geographies for a truly global understanding.
- COVID-19 Impact: Understand the pandemic's influence on the market and its response as the virus's impact diminishes.
- Geopolitical Impact: Assess the ramifications of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and the market.
- Inflation Impact: Measure the effects of global inflation on market growth.
- Tailored Strategies: Create effective regional and country-specific strategies using local data and analysis.
- Identify Growth Areas: Pinpoint investment-worthy growth segments.
- Competitive Edge: Outperform competitors with forecast data and insight into market drivers and trends.
- Market Insight: Understand customer behavior through the latest market shares.
- Benchmarking: Evaluate performance against key competitors.
- Presentation Support: Enhance internal and external presentations with reliable data and analysis.
A selection of companies mentioned in this report includes
- Nestle S.A.
- JBS S.A.
- PepsiCo Inc.
- Anheuser-Busch InBev sa/nv
- Tyson Foods Inc
- Wilmar International Ltd
- Archer-Daniels-Midland Company (ADM)
- The Coca-Cola Company
- Imperial brands plc
- Mars Incorporated
For more information about this report visit https://www.researchandmarkets.com/r/9cas3h
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