How big is the food and beverage market | Trends and Forecast 2025

Q: What is the overall size of the food and beverage market?

The food and beverage market is projected to reach USD 10400 billion by 2031.

Q: What is the CAGR of the food and beverage market?

The food and beverage market is projected to grow at a CAGR of 5.40% during the forecast period.

Q: What segments are driving growth in the food and beverage market?

Ready-to-eat meals, functional beverages, plant-based foods, and fortified snacks are key growth drivers across worldwide markets.

Q: How are consumer preferences changing in the food and beverage sector?

Consumers are shifting toward clean-label, minimally processed, and sustainable food and drink choices with health benefits.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6745

Publication Date: Jul 2025

How big is the food and beverage market?

According to 6Wresearch internal database and industry insights, Global food and beverage market was valued atUSD 8200 Billion in 2024 and is expected to reachUSD 10400 Billion by 2031, growing at acompound annual growth rate of 5.40% during the forecast period (2025-2031).

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The growth of the food and beverage market is driven by rising worldwide population, urbanization, and changing dietary habits. Increasing demand for convenience foods, functional beverages, and health-conscious products is reshaping industry dynamics.

Key Growth Factors of the Food and Beverage Market

Increasing urbanization and busy lifestyles driving convenience food demand
Growing health awareness leading to higher consumption of nutritious options
Rapid expansion of online food delivery and grocery platforms
Innovation in packaging and extended shelf-life technologies
Rising disposable incomes in emerging economies
Government initiatives promoting food safety and supply chain efficiency

Food and Beverage Market Trends

The food and beverage market is witnessing strong trends such as plant-based alternatives gaining mainstream popularity, growing preference for clean-label and organic products, and the emergence of functional beverages enriched with probiotics, vitamins, and adaptogens. Consumers are also showing heightened interest in traceability and transparency, driving brands to adopt blockchain and QR-based sourcing information systems.

Emerging Developments in the Food and Beverage Market

Emerging developments in the food and beverage market include the integration of AI and IoT in food production and inventory management, enhancing efficiency and reducing waste. Precision fermentation and lab-grown ingredients are emerging as sustainable alternatives to animal-based products. Companies are investing in climate-resilient crops and localized supply chains to tackle food security challenges.