From the selected regions, the ranking by revenue in the food market is led by China with 1.5 trillion U.S. dollars and is followed by the United States (840.29 billion U.S. dollars). In contrast, the ranking is trailed by Thailand with 69.56 billion U.S. dollars, recording a difference of 1.4 trillion U.S. dollars to China. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Canada regarding share in the segment Fish & Seafood and a ranking of subsegments in Latin America regarding revenue in the Food market as a whole. The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in Indonesia was forecast to continuously increase between 2025 and 2030 by in total 100.2 billion U.S. dollars (+39.48 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 353.9 billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Singapore and Vietnam. The Statista Market Insights cover a broad range of additional markets.

The global food service market size was worth $3,486.58 billion in 2024 is projected to grow from $4,027.61 billion in 2025 to $6,810.86 billion by 2032

The revenue in the food market in Poland was forecast to continuously increase between 2025 and 2030 by in total **** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Czechia and Hungary. The Statista Market Insights cover a broad range of additional markets.

According to Cognitive Market Research, the global Processed Food Market size will be USD 164215.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 65686.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 49264.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 37769.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 8210.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3284.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The meat and poultry is the fastest growing segment of the processed food industry

Market Dynamics of Processed Food Market

Key Drivers for Processed Food Market

Increasing desire for more healthful food options to Boost Market Growth: Food processors have a great chance to create and sell goods with improved nutritional profiles because of the increased customer interest in health and wellness. Functional foods—those enhanced with vitamins, minerals, and other healthy ingredients—as well as those meeting certain dietary requirements, such gluten-free, vegan, or organic options, are in greater demand. Customers are requesting food labels to be transparent and are demonstrating a preference for clean label goods made with identifiable, natural components. Food processors can benefit from this trend by providing natural, minimally processed, and preservative-free products that appeal to consumers who are concerned about their health and the environment. Food processors now have the chance to create and sell plant-based and alternative protein products due to the rising popularity of plant-based diets and worries about the environmental effects of animal agriculture. This includes new plant-based protein sources, dairy substitutes, and meat substitutes made from plants.

Developing countries' expanding middle classes will drive market growth: The global middle class, which is expanding and becoming more aware of the hygienic circumstances under which the food they eat is processed, is the main driver of the food processing market's growth. They desire to consume more processed food as well. In the developed world, the same thing is happening on a far greater scale. In the post-pandemic world, particularly, the people prefer to consume food that has been produced under safe and hygienic circumstances. In response, businesses in the food processing industry are acquiring and creating hygienic, cutting-edge technology for their processing plants.

Restraint Factor for the Processed Food Market

Concerns about food safety and quality as perceived, will Limit Market Growth: Food safety continues to be a top priority for stakeholders in the sector, regulators, and consumers. Foodborne illness incidents, product recalls, or contamination can seriously harm a business's brand and undermine customer confidence. To reduce these hazards, food processing businesses must make significant investments in hygienic procedures, strong quality control systems, and adherence to tight food safety laws. Many rules and regulations, which differ from nation to nation and even at the regional level, apply to the food processing business. Aspects including food safety, labeling, packaging, sanitation, and environmental sustainability are all covered by these standards. It can be expensive and time-consuming for enterprises to comply with these rules, especially smaller players with less resources.

Restraint Factor for the Processed Food Market

Transition towards clean-label and organic processed foods: Consumers are increasingly seeking transparency and healthier choices, prompting brands to minimize additives, utilize recognizable ingredients, and obtain organic certifications. Clean-label frozen meals, snacks, and beverages are experien...

While shifting consumer preferences and a crowded foodservice landscape, fast food restaurants have maintained a steady pace of growth. Over the five years to 2025, industry revenue has expanded at a CAGR of 3.9%, reaching $417.5 billion. Notably, 2025 alone will experience a 1.1% increase in revenue. The trend towards fast casual dining has bolstered the industry, helping fast food chains hold their ground amid fierce competition. As health awareness continues to rise, consumers demand healthier and alternative options to conventional fast food. To an extent, major chains have met this demand by introducing healthier menu selections. Other innovative measures included investments in meat substitutes and introducing various dietary preferences to attract a broader consumer base. However, the shift towards a healthier lifestyle has somewhat dampened demand for traditional fast food staples, leading to a decline in industry profit. Between 2022 and 2025, fast food restaurants have grappled with surging operational costs, including purchase, utility, rent and labor. The collective force of these cost increases has depressed industry profit, reaching 4.6% of revenue in 2025. Higher minimum wages, especially in California, have been detrimental to fast food restaurant's bottom lines, which subsequently boost technology adoption such as AI drive-thus. Over the next five years, the fast food industry is expected to maintain its growth trajectory, albeit slower. With fast casual restaurants on the rise and consumer spending expected to climb, further revenue growth for the fast food industry is expected. However, the environment is forecast to grow slowly for fast food chains, as many segments within the industry approach saturation. Despite these challenges, successful operations in the industry will likely pivot in response to changing consumer preferences. In this evolving scenario, the concept of fast food is likely to expand beyond its traditional confines to include a broader range of choices. However, intense competition within the industry will continue to put downward pressure on prices, and hence, revenue growth is expected to slow over the next five years. Projections indicate a CAGR of 1.3% over the next five years, bringing the industry revenue to $445.2 billion by 2030.

Concerning the ** selected segments, the segment Confectionery & Snacks has the largest revenue with ****** billion U.S. dollars. Contrastingly, Baby Food is ranked last, with **** billion U.S. dollars. Their difference, compared to Confectionery & Snacks, lies at ****** billion U.S. dollars. Find more statistics on other topics: a comparison of countries or regions regarding the revenue.The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in Malaysia was forecast to continuously increase between 2025 and 2030 by in total **** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning the revenue in the food market in Denmark and the revenue in the food market in the world.The Statista Market Insights cover a broad range of additional markets.

Premium pet food production is enjoying revenue growth driven by the quantity of pets, namely cats and dogs, in the United States, which boomed through the COVID-19 pandemic as consumers were shut in at home. Consumer preference has continued to move to premium pet food because of the growing availability of information on pet nutrition information and the humanization of pets, expanding demand. International trade boomed as large companies with globalized operations sought to most efficiently capture this growing demand, but smaller domestic producers were challenged by rising competition as import growth outpaced export growth. Revenue has been growing at a CAGR of 4.4% over the past five years and is expected to reach $2.8 billion in 2024 when sales will expand an estimated 1.1%. Widespread inflation in 2022 gave premium pet food producers cover to lift their prices, and the concentration producers meant that price-based competition was less of a threat. Combined with the use of automation tech like remote assistance and artificial intelligence, the largest producers expanded profit. Four of the five companies that dominate pet food production report profit upwards of 25.0%. While average profit remains high for a manufacturing industry, the growing competition has dampened average profit. Premium pet food's growth will slightly decelerate moving forward as falling input costs lower the price of premium pet food. Still, more pets and greater disposable income will keep premium pet food producers on an upward trajectory. Demand will continue expanding, especially from e-commerce segments, and brands will focus more on sustainability initiatives. Industry revenue is forecast to grow at a CAGR of 2.0% over the next five years, reaching $3.1 billion in 2029.

In 2023, the leading food segment worldwide was confectionary and snacks with a revenue of **** trillion U.S. dollars. According to projections, this segment will grow to *** trillion U.S dollars by 2027. For more information on over *** markets in *** countries, please visit Consumer Market Outlook.

The revenue in the food market in Nordics was forecast to continuously increase between 2025 and 2030 by in total **** billion U.S. dollars (+***** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Denmark and Sweden.The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in Russia was forecast to continuously increase between 2025 and 2030 by in total **** billion U.S. dollars (****** percent). After the ninth consecutive increasing year, the revenue is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find more information concerning Vietnam and Indonesia. The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total 226.7 billion U.S. dollars (+25.89 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 1.1 trillion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find more key insights for the revenue in countries and regions like the average revenue per capita in the 'Yogurt' segment of the food market in the world and the average revenue per capita in the 'Milk' segment of the food market in Israel. The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in Denmark was forecast to continuously increase between 2025 and 2030 by in total *********** U.S. dollars (+***** percent). After the ***** consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Sweden and Norway. The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in Hungary was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the ***** consecutive increasing year, the revenue is estimated to reach **** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Czechia and Poland. The Statista Market Insights cover a broad range of additional markets.

The revenue in the food market in Norway was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (****** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the food market was continuously increasing over the past years.Find further information concerning Sweden and the Nordics. The Statista Market Insights cover a broad range of additional markets.

The revenue in the 'Baby Food' segment of the food market in Mexico was forecast to continuously increase between 2025 and 2030 by in total ***** million U.S. dollars (+***** percent). After the ninth consecutive increasing year, the revenue is estimated to reach *** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Baby Food' segment of the food market was continuously increasing over the past years.Find further information regarding average price per unit (PPU) in the United States and revenue in the United States.The Statista Market Insights cover a broad range of additional markets.

This statistic shows the revenue of the industry “food manufacturing“ in Florida from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of food manufacturing in Florida will amount to approximately **** billion U.S. Dollars by 2024.

The revenue in the 'Baby Food' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total * billion U.S. dollars (+** percent). After the tenth consecutive increasing year, the revenue is estimated to reach **** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Baby Food' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average price per unit (PPU) and volume. The Statista Market Insights cover a broad range of additional markets.

This statistic shows the revenue of the industry “food and beverage stores“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of food and beverage stores in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.