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Food & Beverages
The global food and beverage market grew by $6729.54bn in 2022 and is expected to grow to $9225.37bn by 2027. The CAGR for the period is expected to be 6.3%.
The global food and beverage market grew by $7221.73bn in 2023 and is expected to grow to $9225.37bn by 2027. The CAGR for the period is expected to be 6.3%.
PEP has announced that it will acquire Siete Foods for $1.2bn. Siete is a Mexican-American brand known for its tortillas, salsas, snacks, and other products.
The e-commerce industry in India has recorded a 26.2% YoY order volume growth in 2023, mainly driven by a 23.5% rise in annual GMV, compared to the previous financial year.
The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
The global packaged food market size is projected to reach $3,407.2bn by 2030. The CAGR for the period 2023-2030 is expected to be 5.2%.
The global food and beverage market grew by $7221.73bn in 2023 and is expected to grow to $9225.37bn by 2027. The CAGR for the period is expected to be 6.3%.
The global food and beverage market grew by $6729.54bn in 2022 and is expected to grow to $9225.37bn by 2027. The CAGR for the period is expected to be 6.3%.
The global packaged food market size is projected to reach $3,407.2bn by 2030. The CAGR for the period 2023-2030 is expected to be 5.2%.
The global food and beverage market grew by $7221.73bn in 2023 and is expected to grow to $9225.37bn by 2027. The CAGR for the period is expected to be 6.3%.
The global food and beverage market grew by $7221.73bn in 2023 and is expected to grow to $9225.37bn by 2027. The CAGR for the period is expected to be 6.3%.
In the U.S., Cholula salsas in the Mexican aisle and branded food service items like Frank’s Mild Wings Sauce and Frank’s Nashville Hot were successful in attracting new consumers. In the U.K. and Australia, Cholula hot sauce contributed to the growth of the category.