The global food market generated $8.66 trillion in revenue in 2022 and is expected to grow annually by 6.72% through 2027. Revenue increased year-over-year for most food categories between 2014-2022, with the largest increases in bread/cereals, confectionery/snacks, and fruits/nuts. Oils/fats saw a revenue decline from 2021-2022. The data was used to calculate both the dollar change and percentage change in revenue from year-to-year to analyze trends in the global food market.

1. ABM-529
FOOD RETAIL MANAGEMENT
Department of Agribusiness Management
Centre For Post Graduate Studies , OUAT,
Bhubaneswar
Submitted to:
Dr. Sanat Mishra
Submitted by:
Soumyashree Priyadarshi

2. Task Calculate and represent the
‘Year on Year’ change of
Global Food Market in
‘Revenue’ for previous and
Future years

3. Introduction:
 Global food market have a massive economic, social, and environmental
footprint on global food trading system that makes markets more
predictable can both facilitate improved food security and support more
sustainable revenue generation.
 Revenue in the Food market amounts to US$8.66tn in 2022. The market is
expected to grow annually by 6.72% (CAGR 2022-2027).
 In relation to total population figures, per person revenues of US$1,138.00
are generated in 2022.
 In the Food market, 7.8% of total revenue will be generated through
online sales by 2022.
 In global comparison, most revenue is generated in China (US$1,259.00bn
in 2022).

4. Here we have gathered some selective
data from authorised source to calculate
‘Year on Year’ change of Global Food
Market in ‘Revenue’ for previous and
Future years ...

5. Years 2014 2015 2016 2017 2018 2019 2020
Baby Food 30.91 32.30 35.26 40.43 41.38 44.25 47.89
Bread & Cereal
Products
85.43 89.24 97.42 111.70 114.30 122.20 132.20
Confectionery &
Snacks
51.14 53.81 59.27 68.66 71.11 76.80 83.62
Convenience Food 25.91 27.74 31.02 36.41 38.13 41.70 46.13
Dairy Products &
Eggs
77.40 81.05 88.68 101.90 104.50 112.00 121.50
Fish & Seafood 24.03 25.24 27.70 31.91 32.83 35.28 38.37
Fruits & Nuts 59.86 62.58 68.36 78.42 80.31 85.93 93.04
Meat 14.03 14.78 16.27 18.81 19.41 20.92 22.83
Oils & Fats 30.80 31.67 34.02 38.36 38.60 40.57 43.13
Pet Food 0.15 0.17 0.19 0.23 0.29 0.33 0.34
Sauces & Spices 14.10 14.72 16.05 18.37 18.78 20.06 21.68
Spreads &
Sweeteners
10.02 9.96 10.18 10.77 9.99 9.73 9.79
Vegetables 45.87 48.10 52.69 60.61 62.25 66.79 72.52
Total 469.70 491.40 537.10 616.50 631.90 676.60 733.00
Global Food Market : Revenue in Billion USD

6. Years 2021 2022 2023 2024 2025 2026 2027
Baby Food 51.54 57.25 63.11 69.64 75.91 82.69 81.35
Bread & Cereal
Products
142.20 157.20 173.90 191.80 209.00 227.60 223.40
Confectionery &
Snacks
90.26 100.50 110.90 123.40 135.60 147.70 148.40
Convenience Food 50.73 57.56 64.78 72.96 81.13 88.38 90.83
Dairy Products &
Eggs
131.00 145.90 161.20 178.20 194.70 212.20 209.00
Fish & Seafood 41.50 46.01 51.45 57.15 62.68 68.35 70.34
Fruits & Nuts 100.20 111.10 122.30 134.90 147.00 159.90 158.10
Meat 24.77 28.21 31.95 36.01 40.04 44.08 48.27
Oils & Fats 45.59 38.21 45.82 50.19 54.13 59.38 60.28
Pet Food 0.40 0.49 0.58 0.69 0.82 0.98 1.16
Sauces & Spices 23.30 25.85 28.45 31.36 34.14 37.18 36.83
Spreads &
Sweeteners
10.01 10.69 11.52 12.05 12.44 13.64 12.58
Vegetables 78.31 87.81 97.66 108.60 119.20 130.40 133.40
Total 789.80 866.70 963.60 1,067.00 1,167.00 1,272.00 1,274.00
Global Food Market : Revenue in Billion USD

7. Formula:
Change in Revenue between
two successive year
Revenue
Generated
in Current
Year
Revenue
Generated
in Previous Year
= -
% Change in Revenue
Between two successive
years
X 100

8. 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Baby Food 1.39 2.96 5.17 0.95 2.87 3.64 3.65 5.71 5.86 6.53 6.27 6.78 -1.34
Bread & Cereal
Products
3.81 8.18 14.28 2.6 7.9 10 10 15 16.7 17.9 17.2 18.6 -4.2
Confectionery &
Snacks
2.67 5.46 9.39 2.45 5.69 6.82 6.64 10.24 10.4 12.5 12.2 12.1 0.7
Convenience Food 1.83 3.28 5.39 1.72 3.57 4.43 4.6 6.83 7.22 8.18 8.17 7.25 2.45
Dairy Products &
Eggs
3.65 7.63 13.22 2.6 7.5 9.5 9.5 14.9 15.3 17 16.5 17.5 -3.2
Fish & Seafood 1.21 2.46 4.21 0.92 2.45 3.09 3.13 4.51 5.44 5.7 5.53 5.67 1.99
Fruits & Nuts 2.72 5.78 10.06 1.89 5.62 7.11 7.16 10.9 11.2 12.6 12.1 12.9 -1.8
Meat 0.75 1.49 2.54 0.6 1.51 1.91 1.94 3.44 3.74 4.06 4.03 4.04 4.19
Oils & Fats 0.87 2.35 4.34 0.24 1.97 2.56 2.46 -7.38 7.61 4.37 3.94 5.25 0.9
Pet Food 0.02 0.02 0.04 0.06 0.04 0.01 0.06 0.09 0.09 0.11 0.13 0.16 0.18
Sauces & Spices 0.62 1.33 2.32 0.41 1.28 1.62 1.62 2.55 2.6 2.91 2.78 3.04 -0.35
Spreads &
Sweeteners
-0.06 0.22 0.59 -0.78 -0.26 0.06 0.22 0.68 0.83 0.53 0.39 1.2 -1.06
Vegetables 2.23 4.59 7.92 1.64 4.54 5.73 5.79 9.5 9.85 10.94 10.6 11.2 3
Change in Revenue (Billion USD)

9. -10
-5
0
5
10
15
20
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Graphical representation of Change in Revenue of Global Market
Baby Food Bread & Cereal Products Confectionery & Snacks Convenience Food
Dairy Products & Eggs Fish & Seafood Fruits & Nuts Meat
Oils & Fats Pet Food Sauces & Spices Spreads & Sweeteners
Vegetables
Y-Axis Represents Revenue in Billion USD
X-Axis Represents Successive Years From 2014 to 2027

10. -10
-5
0
5
10
15
20
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Graphical representation of Change in Revenue of Global Market
Baby Food Bread & Cereal Products Confectionery & Snacks Convenience Food
Dairy Products & Eggs Fish & Seafood Fruits & Nuts Meat
Oils & Fats Pet Food Sauces & Spices Spreads & Sweeteners
X-Axis Represents Successive Years From 2014 to 2027
Y-Axis Represents Revenue in Billion USD

11. 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
BabyFood 4.54 9.26 14.81 2.37 7.01 8.31 12.04 11.19 10.34 10.45 9.09 9.02 -1.64
Bread&CerealProducts 4.5 9.26 14.8 2.35 6.98 8.27 11.46 10.65 10.73 10.4 9.06 8.99 -1.86
Confectionery&Snacks 5.27 10.25 16 3.6 8.08 8.97 12.37 11.46 10.45 11.38 9.99 9.01 0.48
ConvenienceFood 7.13 11.94 17.55 4.77 9.46 10.73 14.95 13.6 12.67 12.75 11.31 9.03 2.8
DairyProducts&Eggs 4.76 9.51 15.06 2.58 7.25 8.57 12.39 11.49 10.59 10.65 9.35 9.08 -1.52
Fish&Seafood 5.09 9.84 15.35 2.91 7.54 8.85 11.87 10.98 11.94 11.19 9.77 9.14 2.94
Fruits&Nuts 4.59 9.33 14.86 2.43 7.07 8.36 11.83 10.99 10.18 10.41 9.06 8.86 -1.14
Meat 5.4 10.18 15.77 3.22 7.86 9.22 15.22 14.03 13.39 12.83 11.3 10.19 9.6
Oils&Fats 2.85 7.49 12.88 0.63 5.15 6.37 -17.28 -16.35 20.12 9.63 7.93 9.8 1.53
PetFood 13.47 11.88 21.26 26.35 13.93 3.06 26.74 22.73 18.55 19.16 19.03 19.71 18.55
Sauces&Spices 4.44 9.13 14.6 2.25 6.88 8.16 11.88 11.05 10.16 10.33 8.95 8.99 -0.95
Spreads&Sweeteners -0.6 2.23 5.85 -7.31 -2.63 0.62 7.02 6.86 7.84 4.65 3.27 9.74 -7.85
Vegetables 4.91 9.64 15.18 2.73 7.37 8.66 13.23 12.25 11.33 11.31 9.86 9.49 2.32
YearonYear%changeinRevenueofGlobalFoodMarket
Global Food

12. -20
-15
-10
-5
0
5
10
15
20
25
30
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Graphical representation of Change in Revenue of Global Market
Baby Food Bread & Cereal Products Confectionery & Snacks Convenience Food Dairy Products & Eggs
Fish & Seafood Fruits & Nuts Meat Oils & Fats Pet Food
Sauces & Spices Spreads & Sweeteners Vegetables
Y-Axis Represents % change in Revenue
X-Axis Represents Successive Years From 2014 to 2027

13. -20
-15
-10
-5
0
5
10
15
20
25
30
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Graphical representation of Change in Revenue of Global Market
Baby Food Bread & Cereal Products Confectionery & Snacks Convenience Food Dairy Products & Eggs
Fish & Seafood Fruits & Nuts Meat Oils & Fats Pet Food
Sauces & Spices Spreads & Sweeteners Vegetables
Y-Axis Represents % change in Revenue
X-Axis Represents Successive Years From 2014 to 2027

14. Thank You!