Plunkett’s Food Industry Market Research

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Food, Beverage and Grocery OVERVIEW

     The global food and agricultural industry for 2020 totaled about $9 trillion, according to Plunkett Research estimates, or about 10% of the world's GDP.
     Global food exports totaled about $1.5 trillion.
     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 $8,169 on food during 2019, up from $7,923 the previous year.
     (The latest data available.)  That included $4,643 spent on food for at-home dining, and $3,526 for dining out.
     The ratio of money spent dining out during 2020 would have dropped dramatically due to the Coronavirus, and started a recovery during early 2021. The retail grocery store and supermarket industry in the U.S., with about 40,000 stores, totaled about $777.0 billion in revenues during 2019, according to U.S.
    Department of the Census figures.
     However, food products and beverages


Industry Statistics

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.

Industry Trends Analyzed Include: