The Market value (retail sales value) of the Global Food Industry attained a value of USD 4,164,699.93 Millions in 2020
The Industry recorded a historical growth (CAGR) of 2.72 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The global food industry recorded a low single-digit YoY growth in 2020, and a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Mondelez, Nestle, PepsiCo, Mars, and Unilever held the top five leading market positions in the global food industry.
Nestle, Frito-Lay, Tyson, Kellogg`s and Arawana were the leading brands in the food industry.
Food products include Bakery & Cereals, Food, Dairy & Soy Food, Fish & Seafood, Ice Cream, Meat, Meat Substitutes, Oils and Fats, Other Canned food, Other Dried food, Other Frozen Food, Pasta & Noodles, Prepared Meals, Savory & Deli Foods, Savory Snacks, Seasonings, Dressings & Sauces, Soups, Syrups & Spreads, Beans & Pulses.
Mondelez leads the global food industry in 2020
Mondelez was the leading company in the global food market (by value) in 2020, with more than 180 brands under its trademark. Nabisco brand was the biggest contributor to the company’s global food sales. Cadbury, Kraft, Milka, and Lu are some of the other major food brands offered under the trademark of Mondelez.
Nestle ranked second in the global food industry
Nestle was the second largest company in the global food market in 2020. Nestle, Maggi, Stouffer`s, Digiorno, and Lean Cuisine were among some of the key brands tending the global food needs under Nestle, with a bigger chunk of the food items sale (by value) coming from its flagship brand Nestle.
The other leading market positions in the Global Food market were held by PepsiCo, Mars, and Unilever
PepsiCo, Mars, and Unilever were among some of the other prominent companies in the global Food market, owning brands such as Frito-Lay, Wrigley`s, and Knorr.
Market Fragmentation: The market is highly fragmented, with the top five players holding less than a tenth of the market share in the global food market.
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