The market for food and groceries is expected to grow rapidly due to consumers' growing inclination towards supermarkets, hypermarkets, and convenience stores. Due to changing consumer behaviors and the changing retail environment, online shopping is also a major factor in the growth of the market.

Here are some food and grocery market statistics for you to explore!

Market Overview

  1. In 2024, the food market will generate US$9.12 trillion in revenue. The market is anticipated to expand by 6.47% a year (CAGR 2024-2029).  Statista
  2. With a market value of US$1.46 trillion in 2024, the meat segment is the largest in the market. Statista
  3. By 2030, the global market for online grocery shopping is expected to grow at a compound annual growth rate (CAGR) of 25.3%, to reach a value of USD 2,158.53 billion. Xstak
  4. Online sales will account for 4.8% of the food market's total revenue by 2024. Statista
  5. By 2029, the food market is projected to reach a volume of 3,087.00 billion kg. In 2025, the food market is projected to grow by 3.9% in volume. Statista
  6. In the food market, the average volume per person is projected to reach 340.10 kg in 2024. Statista
  7. By 2028, it is expected that the global food technology market, which was valued at $260.07 billion in 2022, will have grown to over $360 billion. Routific
  8. Approximately 74% of grocery shopping is done in physical stores; the remaining 25% is done through delivery services or apps, 12% is done through curbside or pickup services or apps, and 8% is done through other means. Driveresearch
  9. With an average volume per person of 85.48 kilogrammes, the segment Bread & Cereal Products has the highest volume among the 13 chosen categories. In contrast, Baby Food, weighing 0.5 kilogrammes, comes in last. They differ by 84.98 kilogrammes when compared to Bread & Cereal Products. Statista

Consumer Demographics and Preferences

  1. More than 70% of consumers are worried about the high cost of groceries, particularly since 60% of respondents claim that their income is going towards groceries more this year than it was last. exploreresearch
  2. By 2024, a consumer's grocery trip will cost an average of $174. Driveresearch
  3. More than half of consumers (56%) believe they will spend more on groceries in 2024 than in 2023. Driveresearch
  4. Fresh produce (80%), dairy products (82%), and snack foods (76%) are the most popular grocery items that people buy.  Driveresearch
  5. There are still 74% of grocery purchases made in physical stores. Driveresearch
  6. Supermarket shopping is most popular on Saturdays from 10 a.m. to 1:59 p.m. Driveresearch
  7. Fresh produce (80%), dairy products (82%), and snack foods (76%) were the most frequently purchased groceries. Driveresearch
  8. Additional noteworthy purchases included: breakfast items (66%), canned goods (65%), non-alcoholic beverages (53%), prepared foods (52%), personal care items (50%), and baking supplies and ingredients (47%). Driveresearch
  9. Almost half of consumers claim that food quality influences their decision to buy. As a result, 85% of consumers search for products with particular functional ingredients, and nearly 60% of consumers are paying closer attention to ingredient listings. exploreresearch
  10. More than half of consumers anticipate spending more on groceries in 2024 than they did in 2023. Driveresearch
  11. A monthly grocery budget is regularly exceeded by 39% of people. Merely 7% of shoppers regularly go over their grocery budget. Driveresearch
  12. Remarkably, 46% of consumers purchase private brands most of the time, and 95% of consumers purchase private brands occasionally. exploreresearch
  13. While 37% of consumers purchase private brands in an effort to save money, 63% of private brand buyers think the brands offer good value. Actually, 83% of respondents think private-brand products are either of comparable or higher quality. exploreresearch
  14. 71% of grocery shoppers place a higher value on regular low prices than they do on digital coupons (45%) or weekly ad specials (51%). Driveresearch
  15. First, 25% of consumers now say they are replacing some restaurant experiences with grocery store experiences, up from 17% last year. exploreresearch
  16. 20% of consumers are increasing their grocery purchases to control their spending on food and drink. This is because, by 2024, over 50% of respondents plan to cook more frequently at home. exploreresearch
  17. 75% of Gen Z consumers place a higher value on sustainability than brand loyalty, and 42% of Gen Z and Millennial consumers place a higher value on sustainability than price. exploreresearch
  18. Men spend almost $100 more on fast food each month than do women. Driveresearch

Food Trends among Consumers (Sourced By: Exploding Topics)

Milk

  1. Eighty percent of customers are interested in plant-based milk. More than 40% of American homes purchase plant-based milk.
  2. Through 2030, the $29.18 billion global market for milk substitutes is anticipated to expand at a 12.6% compound annual growth rate.
  3. Sales of nondairy milk increased by more than 11% in the US between 2022 and 2023.
    52% of nondairy milk drinkers choose it for its health benefits, and 55% for its taste.
  4. Seventy percent of plant-based milk drinkers prefer almond milk. Sales of oat milk, however, rose by 22.6% in 2023.

Natural Sweeteners

  1. Out of all Americans, 75% want to cut back or avoid sugar.
  2. 44% of respondents favor stevia and monk fruit as natural, plant-based sweeteners.
  3. Concerns regarding beverage sugar content are raised by 83% of consumers.
  4. Ocean Spray introduced stevia-sweetened zero-sugar beverages.

Spices in Food and Drinks

  1. 50% of Gen Zers and millennials purchase hot sauces regularly.
  2. According to McCormick, in 2022, sales of spicy products made up more than 20% of overall sales.
  3. Sales of Melinda's hot sauce rose by 900% between February 2023 and February 2024.

Global Food Consumption Statistics

  1. China generates the majority of revenue globally, amounting to US$1,607 billion in 2024. Statista
  2. In 2024, per-person revenues of US$1,177.00 are generated in relation to total population figures. Statista
  3. Since 2015, the amount of food consumed worldwide has been steadily rising. The amount of food consumed worldwide in 2021 was 2.5 billion metric tonnes. With 626 million metric tonnes consumed in that year, bread and cereal products accounted for the largest consumption category. Statista
  4. 60–80% of the income of the impoverished in developing nations is frequently spent on food.one
  5. Just twelve plant and five animal species provide seventy-five percent of the food on the planet. one
  6. Global food demand is predicted to increase by 35% by 2030. one
  7. Merely 1 in 7 individuals are anticipated to consume less than 2,500 calories daily by 2030. one
  8. The United States is the country with the highest consumption, with people indulging 1-3 times a week and spending $160 billion annually. The habits of 37% of American adults who eat fast food every day and 83% of households that do so once a week demonstrate this substantial intake. Worldpopulationreview
  9. Other noteworthy consumers are France, where more than half of households regularly eat fast food, and the United Kingdom, which ranks second with 46,200 fast food chains. Worldpopulationreview
  10. Internationally, tastes differ; for example, Sweden and Austria enjoy a blend of national favorites and international brands, while the fast food industry in Mexico is estimated to be worth $9.5 billion. Worldpopulationreview
  11. Asia's South Korean industry is expanding quickly, and consumers there are drawn to both foreign and regional flavors. Driven by hectic lifestyles, fast food consumption is remarkably high in China, where 97% of the population partakes and 41% eats at least once a week. Worldpopulationreview

Global Online Grocery Statistics

  1. By 2028, it's anticipated that the global online grocery market will generate millions of dollars.  Xstak
  2. There are currently over 26 million eCommerce websites in the world, and more are being created every day.  Xstak
  3. 87% of consumers shop for groceries online using a mobile device.  Xstak
  4. Of the Millennial generation, 51% would swap brands for perfect digital services.  Xstak
  5. Due to its convenience, 72% of consumers prefer to shop for groceries online.  Xstak
  6. Over 60% of grocery shoppers who shop in person think about switching brands.  Xstak
  7. Approximately 150 million grocery shoppers in the US prefer online delivery over in-store shopping.  Xstak
  8. In the US, 40% of Gen Z and Millennials use online delivery services.  Xstak

Online Grocery Market Size by Region (All Sourced by:  Xstak)

Asia-Pacific Region:  

  1. In 2023, it is anticipated that online grocery sales will total $248.50 billion. the compound annual growth rate (CAGR) of 16.28% from 2023 to 2027, or $528.20 billion.
  2. The grocery delivery market is expected to reach $188.70 billion by 2023.
  3. In 2023, China is expected to bring in $171 billion from online grocery sales.

Middle East:

  1. The e-commerce industry brings in $24 billion annually.
  2. UAE's 2023 e-commerce spending is expected to rise by 22.32%.
  3. With GDPs above $40,000 and over 90% internet penetration, the UAE and Qatar stand out. 

USA:

  1. Sales of groceries online are predicted to increase by 18% a year between 2023 and 2025. Online grocery shopping was done by 54.3% of adults in the previous year.
  2. An estimated 151.5 million will do so in 2024.
  3. Together, Walmart and Amazon bring in $72.7 billion from online grocery sales.
  4. Over the last two years, there has been a 200% increase in the downloads of grocery shopping apps.
  5. $187.7 billion in revenue from online grocery sales is anticipated by 2024.

UK:

  1. Approximately 60 million online shoppers by 2023.
  2. In 2021, nearly thirty percent of all retail sales came from online sources. While In 2020, online retail sales increased by 47%.
  3. Online platforms account for over 25% of sales in the apparel, footwear, and textile industries.

Global Food Waste Statistics

  1. Each year, Americans throw away roughly 60 million tonnes of food. rts
  2. Due to misreading expiration labels, over 80% of Americans throw away perfectly good food. rts
  3. More food is wasted by Americans than by any other nation, amounting to nearly 40 million tonnes, or 30–40% of the country's total food supply. rts
  4. Eleven percent of the greenhouse gas emissions in the world are caused by food waste. rts
  5. A family of four in America wastes $1,600 worth of produce annually. rts
  6. The amount of food that Americans throw away each year exceeds $408 billion, with dairy products being the most popular item. rts
  7. Food waste and loss occur on about 1.4 billion hectares of agricultural land. That represents 28% of all agricultural land on Earth. theworldcounts
  8. Approximately 1.3 billion tonnes of food, or one-third of all food produced, are lost or wasted annually, costing the world economy almost $940 billion. ozharvest
  9. 3.7 trillion apples, or nearly half of all fruit and vegetable production, is wasted. ozharvest
  10. 793 million people, or one in nine people, are undernourished because they do not have enough to eat. ozharvest

Global Food and Grocery Delivery Statistics

  1. It is anticipated that between 2023 and 2027, revenue from online meal delivery services will increase at a rate of almost 13% per year, to reach $1.65 trillion. Routific
  2. By 2024, the global grocery delivery market is expected to generate an incredible $782.40 billion in revenue.  Statista
  3. In addition, a strong compound annual growth rate (CAGR) of 12.03% is anticipated for this market between 2024 and 2029, translating into a projected market volume of US$1,381.00bn by that time. Statista
  4. With a projected market value of US$597.10 billion in 2024, Retail Delivery stands out as the largest of the various market segments.  Statista
  5. In the grand scheme of things, China is expected to bring in the most money—roughly US$266,000.00 million—in the same year.  Statista
  6. In 2024, grocery delivery revenue is expected to increase by 29% in the US and by 22.2% globally. Routific
  7. The ARPU for online grocery delivery in 2023 is $449 globally, $487 in China, $448 in the US, and $436 in Europe. Routific
  8. By 2027, there will be 2.5 billion meal delivery service users worldwide, with 1.6 billion of those users coming from Asia. Routific
  9. By 2022, Zomato had downloaded over 55 million apps, followed by Uber Eats with almost 47 million, Swiggy with almost 35 million, and DoorDash with 22 million in the US and 27 million worldwide. Routific
  10. Revenue from meal kits is expected to grow at a rate of more than 19% per year starting in 2020, and it is predicted to reach $25 billion by 2027, surpassing $20 billion in 2025. Routific
  11. Furthermore, by 2029, it is anticipated that there will be 2,466.0 million users in this market. Routific
  12. By 2024, the percentage of users is predicted to be 22.3%. Statista
  13. In the US meal kit market in 2022, HelloFresh had a 74% market share, followed by Blue Apron's roughly 6%.  Routific
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