Plunkett’s Food Industry Market Research

Competitive Intelligence, Business Analysis, Forecasts, Market Size, Trends, Companies, Statistics

Available Data Services: Custom Research Projects, Database Subsription or PDF eBooks

Food, Beverage and Grocery OVERVIEW

The global food and agricultural industry for 2022 totaled about $10.5 trillion, according to Plunkett Research estimates, or about 10% of the world’s GDP.  Global food exports totaled about $1.8 trillion, per the World Trade Organization.  While it is obvious that food is of equal importance to all people on planet Earth, the relative cost of that food is not equal.  It varies widely due to such influences as location, local food industries and the availability of proper infrastructure for food transportation and storage.
Households in well-developed nations such as the U.S. Canada, Singapore and countries in Europe, spend a relatively modest portion of household income on food, typically 11%-15%.  In less-developed nations, such as Pakistan, Nigeria and the Philippines, food may account for more than 40% of spending, making it hard for families to invest in education or health care.
In America, the average household spent $7,316 on food in 2020, down significantly from $8,169 during 2019, and $7,923 in 2018.  That included $4,942 spent on food for at-home dining, and $2,375 for dining out.
The retail grocery store and supermarket industry in the U.S., with about 49,531 stores, totaled about $946.6 billion in revenues during 2022, according to U.S. Department of the Census figures.  However, food products and beverages in America and elsewhere are sold at a wide variety of stores other than supermarkets.  To get the full U.S. picture, it is important to consider food and beverage sales at 67,673 non-traditional food-sellers such as wholesale clubs and dollar stores, estimated at $550 billion by Plunkett Research as well as about $200 billion in revenues at 150,174 convenience stores (not including convenience store gasoline sales).
The National Restaurant Association estimated that, for 2022, its industry employed, in the United States, 14.5 million people at more than 1 million restaurants.  Estimates of total food industry revenues can vary widely due to many factors.  For example, a large portion of supermarket sales is made in non-food items such as drugs and personal care goods, and many types of non-food stores sell small amounts of specialty food products.  Also, the National Restaurant Association’s estimates of total annual revenues are always higher than figures gathered by researchers at the Census, and both groups may miss part of the revenues generated by caterers and other non-traditional prepared food sellers.  
Outside the U.S., food retailing has become more diverse and sophisticated in emerging markets.  For example, modern convenience stores are widespread in major Asian cities, such as the large number of highly popular 7-11 stores found in Thailand.  Also, discount stores that sell food products, among other items, are increasingly popular, evidenced by the rapid growth of Walmart in Mexico, and the continuing fast spread of stores in China owned by Walmart and its competitors.  Nonetheless, outside of the major cities, much of the food retailing in emerging markets is conducted by very modest local markets, often run as family operations.
Restaurant food sales are spreading very quickly in the emerging world as well.  For example, U.S. fast food brands KFC and Pizza Hut grew very quickly in China, with thousands of units in locations ranging from the giant metropolises such as Shanghai and Beijing to remote, smaller cities of growing importance.  The success of U.S. fast food outlets, as well as Starbucks, spawned a great number of domestic competitors within China.  Africa is the next frontier in fast food and food retailing in the emerging world.
U.S. farm sector values for crops, livestock and other products were projected to be $586.2 billion in 2022, according to the U.S. Department of Agriculture.  America’s agricultural sector enjoyed $171.4 billion in exports in 2022.  U.S. agricultural imports in 2022 were $185.8 billion.
Aquaculture (fish farming) produced an estimated 179 million tons of fish globally in 2019, up from only 66.1 million tons in 2010, according to Plunkett Research estimates and the UN Food and Agriculture Organization. This production is growing quickly.  By 2030, aquaculture is projected to provide two-thirds of total fish for human consumption. Fish farming is extremely active in the U.S. as well as in nations such as the Philippines, China, Norway and Vietnam.  Tilapia, salmon and shrimp are among the leading products.


Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.

Hundreds of Top Companies Profiled, Including:


Key Findings:

  • Plunkett Research analyzes the top trends changing the industry, and provides in-depth industry statistics. In addition, this publication profiles the top 500 companies in the Food Industry.

Available Formats:

  • Printed Almanac: ISBN 978-1-62831-563-9 (Available Now)
  • E-book: ISBN 978-1-62831-907-1 (Available Now)
  • Plunkett Research Online (Subscribers)

Key Features Include:

  • Industry trends analysis, market data and competitive intelligence
  • Market forecasts and Industry Statistics
  • Industry Associations and Professional Societies List
  • In-Depth Profiles of hundreds of leading companies
  • Industry Glossary
  • Link to our 5-minute video overview of this industry

Pages: 686

Statistical Tables Provided: 16

Companies Profiled: 494

Geographic Focus: Global

Price: $379.99

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich book covers competitive intelligence, market research and business analysis—everything you need to know about the food business including:

  1. Introduction to the Food & Beverage Industry
  2. The Coronavirus’ Effect on the Food & Beverage Industry
  3. The State of the Food Industry Today
  4. Genetically Modified (GM) Seeds and Crops Planted in Dozens of Nations/Agribio R&D Investment Is High
  5. Genetically Modified (GM) Foods Prompt Controversy, Labeling and Legislation
  6. Cloning of Farm Animals/Meat and Cheese Substitutes Developed/3-D Printed Food Appears
  7. Selective Breeding, Mutagenesis and Gene-Editing, including CRISPR, as Alternatives to GM Seeds
  8. Obesity Sparks Government, School and Corporate Initiatives/Snack Foods Get Healthier/Taxes on Unhealthy Foods
  9. Organic Food Sales Continue Global Growth/Locally Sourced Foods and Farm to Table Increase in Popularity
  10. McDonald’s Repositions to Adapt to New Consumer Tastes and Robotics
  11. Demand for Home Grocery Delivery Service Such as Instacart and Amazon Fresh Soars
  12. Grubhub, DoorDash and Others Deliver Restaurant Meals to Customers’ Homes
  13. Precision Agriculture Technologies (AgTech), Farm Robotics, GPS and Irrigation Market Grows Worldwide/Hi Tech Greenhouses
  14. Drones Provide New Tools for Precision Agriculture
  15. Aquaculture Gains Major Fish Supply Market Share
  16. Packaging Technology Improves/Wal-Mart and Coca-Cola Boost Packaging Sustainability
  17. Retail Technologies and Artificial Intelligence (AI) Advance for Store Checkout and Restaurant Orders
  18. RFID Drives Inventory Management Evolution
  19. Walmart Still Dominates the Retail Industry, but Invests in Web Presence to Battle Amazon
  20. Private Label Brands Grow in Share of Total Store Sales
  21. Consumers Drive a Revolution in the Food Industry, Demanding Fresher, More Natural Foods, Creating both Pain and Opportunities
  22. Food Waste on the Rise/Recycling Efforts Underway
  23. Wages for Restaurant, Hotel and Hospitality Workers
  24. Fast Food Faces Stiff Competition from Casual Dining Restaurants (Fast Casual/ Fast Fine)
  25. Food Trucks Enjoy Boom but Are Challenged by the Coronavirus Pandemic
  26. Meal Kits from Firms like Blue Apron Make It Easy to Prepare Home-Cooked Meals
  27. The Future of the Food Industry, Agriculture, Food Demand, Supermarkets and Online Food Retailing

Food Industry Statistics

  1. Global Food Industry Statistics and Market Size Overview
  2. U.S. Food Industry Statistics and Market Size Overview
  3. Food Sales, U.S.: 2017-October 2020
  4. Gross Output in the Food & Beverage & Tobacco Product Manufacturing Industries, U.S.: Selected Years, 2013-2019
  5. Global Area of Biotech Countries: 2019
  6. Income Statement for U.S. Farm Sector: 2017-2021
  7. Federal R&D & R&D Plant Funding for Agriculture, U.S.: Fiscal Years 2019-2021
  8. Direct Government Payments to U.S. Farms: 2015-2021
  9. Average Farm Operator Household Income & Assets, U.S.: 2016-2021
  10. Value Added to the U.S. Economy by the Agricultural Sector via the Production of Goods and Services: 2015-2020
  11. Summary of U.S. Agricultural Trade Projections: Fiscal Years 2019-2030
  12. Total U.S. Agricultural Commodity Exports & Imports, Top Ten Countries: 2016-February 2021
  13. Food Industry Employment, U.S.: 2016-January 2021
  14. Food Preparation and Serving Related Employment and Wage Estimates by Occupation, U.S.: May 2019
  15. World Supply & Utilization of Major Crops: 2017-2020
  16. World Supply & Utilization of Major Animal Products: 2017-Apr 2021

Companies Mentioned Include:

  • Molson Coors Brewing Company
  • Ben & Jerry's Homemade Inc
  • Kendall-Jackson Wine Estates Ltd
  • Marathon Cheese Corporation
  • Merisant Company
  • Ahold Delhaize NV
  • Sanderson Farms Inc
  • Newly Weds Foods Inc
  • Ajinomoto Co Inc
  • Goya Foods Inc

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eBook or Book:

This industry onlyPublication date: Apr 2021
ISBN-13: 978-1-62831-907-1
ISBN-13: 978-1-62831-563-9