Food and Beverages Market Report 2026

The food and beverages market size has grown strongly in recent years. It will grow from $7.04 trillion in 2025 to $7.4 trillion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to expansion of global food consumption, growth of packaged and processed foods, rising urban population, increasing cold chain infrastructure, improved food preservation technologies.

The food and beverages market size is expected to see strong growth in the next few years. It will grow to $9.31 trillion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing demand for personalized nutrition, rising investments in food innovation, expansion of plant-based food categories, growing focus on supply chain transparency, increasing adoption of smart retail technologies. Major trends in the forecast period include increasing demand for organic and clean-label products, rising adoption of smart food processing systems, growing focus on functional and nutrient-enriched foods, expansion of e-commerce food distribution channels, enhanced emphasis on sustainable packaging.

The rise in disposable income is expected to drive growth in the food and beverage market. Disposable income refers to the amount of money available to individuals or households for spending and saving after taxes. Higher disposable income encourages consumers to spend on premium, specialty, and healthier food and beverages, leading to increased dining out and exploration of new gastronomic experiences. For example, in September 2024, the Office for National Statistics, a UK-based government agency, reported that the median household disposable income rose by 2.3% to $17,730 ($16,400) due to government support measures addressing the cost of living. In contrast, the mean disposable income for the richest fifth was approximately six times higher than that of the poorest fifth, at $82,900 versus $15,000. Therefore, rising disposable income is fueling growth in the food and beverage market.

Leading companies in the food and beverage market are focusing on developing healthy beverages, such as low- and no-sugar refreshments, to gain a competitive edge. Low- and no-sugar beverages are designed with reduced or zero sugar content, catering to consumers seeking healthier alternatives. For instance, in August 2024, Citizen Spritz, a UK-based company specializing in non-alcoholic spritz beverages, launched ready-to-drink (RTD) non-alcoholic spritzes. This entry into the RTD market follows their earlier instant spritz mixes and is designed for convenience, appealing to consumers seeking ready-made options for occasions like outdoor celebrations or at-home relaxation.

In January 2023, Lucas Bols N.V., a Netherlands-based beverage company, acquired Fluere Drinks B.V. for $1.05 million (€1 million). This acquisition strengthens Lucas Bols N.V.’s brand presence among bartenders and retail channels while expanding its production capabilities to serve a wider customer base. Fluere Drinks B.V. is a Netherlands-based company offering a diverse range of non-alcoholic beverages.

Major companies operating in the food and beverages market are Nestlé S.A, PepsiCo Inc, JBS S.A, Anheuser-Busch InBev, Tyson Foods Inc, Archer-Daniels-Midland Company, Mars Incorporated, The Coca-Cola Company, Cargill, Dabur, Amul, Red Bull, Del Monte Fresh Produce Ltd, Fonterra, Dali Foods Group, Hangzhou Wahaha Group, Nongfu Spring, Britannia Industries Ltd, Otsuka Holdings Co Ltd, Suntory Beverage & Food Ltd, Glanbia Plc, Royal FrieslandCampina N.V, Associated British Foods, Arla Foods, Südzucker AG, Tönnies Group, Dr. August Oetker KG, Mondelez, Diageo, General Mills, The Hain Celestial Group, Campbell Soup Company, Maple Leaf Foods, Olymel, Adams & Brooks Inc, The Kraft Heinz Company, Monster Energy Company, Unilever, Arcor, Starbucks, Ambev, Almarai Company, Agthia Group PJSC, Lifeway Foods, Arizona Beverages Company, Cadbury Nigeria, FrieslandCampina WAMCO Nigeria PLC, CHI Limited, Nigerian Breweries Plc, SABMiller.

Asia-Pacific was the largest region in the food and beverages market in 2025. Western Europe was the second-largest region of the food and beverages market. The regions covered in the food and beverages market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the food and beverages market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The food and beverages market consists of sales of beer, wine and brandy, spirits, coffee and tea, soft drink and ice, flour, rice and malt, breakfast cereal, sugar and confectionery products, bread and bakery products, cookie, cracker, pasta, and tortilla, perishable prepared food, snack food, frozen food, canned and ambient food, milk and butter, cheese, dry, condensed, and evaporated dairy products, ice cream and frozen dessert, meat products, poultry, seafood, flavoring syrup and concentrate, seasoning and dressing, fats and oils, pet food, animal food, cigarettes, cigars and cigarillos, smoking and other tobacco products. The companies in the food and beverages industry process raw materials into food, pet food and tobacco products, package and distribute them through various distribution channels to both on-trade and off-trade establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.