The Business Research Company’s latest report Food And Beverages Global Market Report 2020 covers Food And Beverages market drivers, Food And Beverages market trends, Food And Beverages market segments, Food And Beverages market growth rate, Food And Beverages market major players, and Food And Beverages market size. The report provides in-depth analysis of the impact of COVID-19 on the Food And Beverages industry, along with revised market numbers due to the effects of the coronavirus.
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Food And Beverages Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global food and beverages market is expected to grow from $5943.8 billion in 2019 to $6111.1 billion in 2020 at a compound annual growth rate (CAGR) of 2.9%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $7527.5 billion in 2023.
The global food and beverages market is segmented by type into alcoholic – beverages, nonalcoholic – beverages, grain products, bakery & confectionery, other foods products, frozen and fruit & veg, dairy food, meat, poultry and seafood, syrup, seasoning, oils, & general food, animal and pet food, tobacco products, by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, others, by nature into organic, conventional. Subsegments covered are beer manufacturing (breweries), wine and brandy manufacturing (wineries), spirits manufacturing (distilleries), coffee and tea manufacturing, soft drink and ice manufacturing, flour, rice and malt manufacturing, other grain products manufacturing, breakfast cereal manufacturing, sugar and confectionery product manufacturing, bread and bakery product manufacturing, cookie, cracker, pasta, and tortilla manufacturing, perishable prepared food manufacturing, snack food manufacturing, all other miscellaneous food manufacturing, frozen food manufacturing, canned/ambient food manufacturing, milk and butter manufacturing, cheese manufacturing, dry, condensed, and evaporated dairy product manufacturing, ice cream and frozen dessert manufacturing, meat products manufacturing, poultry manufacturing, seafood manufacturing, flavoring syrup and concentrate manufacturing, seasoning and dressing manufacturing, fats and oils manufacturing, pet food manufacturing, animal food manufacturing, cigarettes, cigars and cigarillos manufacturing, smoking and other tobacco products manufacturing.
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