The FAO Food Price Index (FFPI) averaged 130.1 points in August 2025, almost the same figure as the previous month. The highest value for the index in the past 23 years was reached in March 2022. The rate of food price increases has been decreasing since, yet has started to pick up again in 2025.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

Cost of food in the United States increased 2.90 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In July 2025, the 12-month inflation rate for food items in the United States was at 2.9 percent. That month, egg prices increased by over 16 percent compared to July 2024. Inflation for sugar and sweets saw an increase at 5.1 percent.

Cost of food in Canada increased 3.30 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

When surveyed in March 2024, some ** percent of respondents in the U.S. stated that they expected grocery prices to increase. This figure peaked at ** percent in April 2024.

Cost of food in India decreased 1.76 percent in July of 2025 over the same month in the previous year. This dataset provides - India Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Egypt increased 6.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Egypt Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Food Price Index in World increased to 130.10 Index Points in August from 130 Index Points in July of 2025. This dataset includes a chart with historical data for World Food Price Index.

When surveyed in March 2025, some ** percent of respondents in Italy stated that they expected grocery prices to increase. This figure has decreased from the peak of ** percent in June 2022. The lowest figure was recorded in September 2021, when about half of the respondents expected an increase in food prices.

Cost of food in Jamaica increased 3.66 percent in July of 2025 over the same month in the previous year. This dataset provides - Jamaica Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average (CUSR0000SAF11) from Jan 1952 to Jul 2025 about food, urban, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

Online inflation of food products followed the trend of physical stores and showed a significant peak in 2022. In North America, online food prices went up by **** percent that year, before decreasing to a **** year-over-year percentage change in 2023. By 2025, online prices of food products might increase by **** percent in the considered region.

Cost of food in Japan increased 7.60 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Japan Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food in U.S. City Average (CPIUFDNS) from Jan 1913 to Jul 2025 about food, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Many consumers in the Untied States are looking for ways to combat rising grocery prices. As of March 2025, the most popular strategy todo so was to **************************************** Using coupons or promotions was a popular way to combat higher prices chosen by ** percent of respondents.

Cost of food in Georgia increased 10 percent in August of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Georgia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Lebanon increased 21.88 percent in July of 2025 over the same month in the previous year. This dataset provides - Lebanon Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Supermarkets and grocery stores have significantly transformed in recent years, driven by technological advancements and shifting consumer preferences. E-commerce has become a cornerstone of the industry, with over 70.0% of grocery retailers integrating online ordering and fulfillment into their operations in 2025. This shift has been fueled by consumer demand for convenience and efficient shopping experiences, prompting retailers to invest heavily in curbside pickup and home delivery services. Major players like Kroger have leveraged these innovations to maintain a competitive edge, while third-party delivery platforms like Instacart have enabled smaller grocers to compete with larger chains. The adoption of "dark stores" and AI-driven technologies has further optimized operations but heightened competition has limited revenue expansion. Over the past five years, revenue has been slipping at a CAGR of 0.1%, reversing course in 2025 to climb 1.1%, reaching $883.1 million. Over the past five years, the industry has faced rising labor costs and competition from discount grocers and private-label products. Automation has played a crucial role in managing these pressures, with more than 50.0% of transactions in major chains processed through self-checkout systems in 2025. Despite these advancements, wages have continued to rise, accounting for an estimated 10.7% of revenue. This has led retailers to focus on strategic pricing and the promotion of high-margin private-label products to sustain profit. The proliferation of discount grocers like Aldi and Lidl has intensified competition, forcing traditional supermarkets to innovate and adapt to retain market share. Looking ahead, supermarkets and grocery stores are likely to endure steady but marginal revenue growth over the next five years, influenced by economic and demographic factors. Increases in per capita disposable income and consumer spending suggest a stable economic environment that could bolster sales of premium and specialty grocery items. However, declines in the agricultural price index may pressure revenue growth, as lower prices could reduce sales value. Urban population growth will continue to drive demand for grocery products, encouraging retailers to adopt urban-centric strategies. Upcoming FDA regulations on product labeling and ongoing geopolitical tensions will present challenges and opportunities for the industry. Retailers that can navigate these complexities and align with evolving consumer preferences, such as the rise of functional foods and the "quiet luxury" trend, will be well-positioned to thrive in a rapidly changing market landscape. Revenue is anticipated to expand marginally over the next five years at a CAGR of less than 0.1%, totaling $883.3 million in 2030.

According to Cognitive Market Research, the global Food and Beverage market size is USD 6684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2673.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2005.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1537.37million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 334.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 133.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The Breakfast Cereals held the highest Food and Beverage market revenue share in 2024.

Market Dynamics of Food and Beverage Market

Key Drivers of Food and Beverage Market

Rising Global Population to Increase the Demand Globally

The increasing number of people on the planet is driving up demand for food and drink, particularly in developing countries where disposable incomes are rising. There is a proportional increase in the demand for food and drink as more people enter the consumer market. The need for agricultural and food production systems to develop and adapt to satisfy growing demands is highlighted by this trend. Furthermore, it emphasizes how important sustainable practices are to ensuring food security over the long term and reducing environmental impacts. To address these issues and create resilient and equitable food systems that can meet the demands of an expanding population while preserving the planet's resources for future generations, governments, businesses, and communities must work together.

Urbanization and Busy Lifestyles to Propel Market Growth

Convenient, ready-to-eat food and beverages are in high demand due to urbanization and the spread of hectic lives. The need for easy and convenient food options has increased as more people live in cities and manage busy schedules. As a result of this trend, the availability of packaged foods, frozen dinners, and grab-and-go options has increased, appealing to consumers who want convenience without sacrificing flavor or nutrition. With urbanization driven by social and economic considerations, the portable food and beverage product market is expected to grow even further. In response to changing customer tastes, food producers and distributors are coming up with new and inventive ways to provide a wide range of easily accessible products that meet the needs of both busy lifestyles and urban residents.

Restraint Factors of Food and Beverage Market

Rising Food Prices to Limit the Sales

Increased food costs are frequently caused by changes in the price of agricultural commodities, which are made worse by supply chain interruptions and extreme weather. These dynamics, especially for vulnerable people, can substantially impact affordability and consumer purchasing. When staple foods rise in price, households might have to spend more of their income to cover their fundamental nutritional needs, leaving them with less money to spend on other necessities. Furthermore, rising food prices have the potential to worsen food insecurity, increasing the likelihood of poverty and malnourishment in impacted areas. Businesses, civil society, and governments must tackle these issues by strengthening the food systems' resilience, reducing price volatility, and guaranteeing that all societal segments have fair access to reasonably priced and nutrient-dense food.

Stringent Regulatory and Compliance Requirements 

The food and beverage sector faces a complicated array of safety, labeling, packaging, and environmental regulations that differ by area and nation. From the sourcing of ingredients to nutritional information and sustainability requirements, businesses must consistently adjust to changing legal norms. Managing these regulations can heighten operational complexity and compliance expenses, part...

The global food retail market, valued at $6,378,020 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.7% from 2025 to 2033. This expansion is fueled by several key factors. The rising global population and increasing urbanization are driving demand for convenient and readily available food options, benefiting both large supermarket chains and quick-service restaurants (QSRs). Furthermore, changing consumer lifestyles, including a preference for healthier and more convenient food choices, are impacting purchasing behaviors. E-commerce penetration within the food retail sector continues to rise, creating opportunities for online grocery delivery and click-and-collect services. However, challenges persist, including supply chain disruptions, fluctuating food prices, and the increasing competition among established players and emerging brands. The market's segmentation is diverse, encompassing hypermarkets, supermarkets, convenience stores, online retailers, and QSRs, each catering to specific consumer needs and preferences. Key players like Walgreens Boots Alliance, Kroger, Carrefour, Tesco, and Walmart are actively innovating to retain market share, investing in omnichannel strategies, personalized offerings, and loyalty programs. The projected growth trajectory indicates a significant market expansion over the forecast period. This growth is expected to be particularly robust in developing economies, where rising disposable incomes and changing dietary habits are creating substantial opportunities. However, factors such as economic instability and geopolitical events could influence the market's performance. Furthermore, the increasing focus on sustainability and ethical sourcing is shaping consumer preferences, pushing companies to adopt environmentally friendly practices and transparent supply chains. Successful companies will be those that effectively adapt to evolving consumer expectations and proactively navigate challenges within the dynamic food retail landscape. The continuous integration of technology, including data analytics and artificial intelligence, is also expected to play a significant role in optimizing operations and enhancing the customer experience within the food retail sector.