food industry growth

It covers all private household spendings meant for consumption at home. Plant-based seafood accounts for just $9.5 million (1%) of total plant-based meat dollar sales. | Source: Statista, based on national and international statistical offices, Gross domestic product (in current prices, constant exchange rate) of the selected region per capita | Source: Statista, based on IMF, World Bank, European Commission, OECD, ADB, Estimated share of the total population in the selected region using the internet | Source: Statista, based on ITU and national statistical offices, Food & Personal Care eCommerce report 2020, Grocery Shopping Online: Growth - Customer View - Usage, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment. SPINSscan Natural and Specialty Gourmet (proprietary), SPINSscan Conventional Multi Outlet (powered by IRI), 104 weeks ending 2019-Dec-29. SPINSscan Natural and Specialty Gourmet (proprietary), SPINSscan Conventional Multi Outlet (powered by IRI), 104 weeks ending 2019-Dec-29. For the Food & Beverages market, our analysts create reports with detailed comparisons and important background information. Retrieved November 25, 2020, from https://www.statista.com/outlook/253/100/food-beverages/worldwide, "Food & Beverages - worldwide." Plant-based butter dollar sales. Plant-based ice cream and frozen novelty dollar sales. New product launches are being inspired by global foods and spices such as za’atar. In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly within the food processing industry. … We use cookies to provide you with a better experience. Compared with household penetration of plant-based milk at 41%, the number of households purchasing plant-based meat is clearly positioned to increase almost threefold. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. The Government of India has relaxed foreign direct investment (FDI) norms for the sector, allowing up to 100 per cent FDI in food product e-commerce through automatic route. Over 208 million units of plant-based meat were sold in the past year. Subscribe to t.me/BizTimes. The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent. Figure 11. in percent. Amid this situation, the government is expec... India is currently witnessing a downward trend in its daily COVID-19 infections and has recorded 7.2 million recoveries; has ~610,000 active cases as of October 2020. Earlier this year, Food Industry Asia (FIA) - the regional association representing Asia's food and beverage industry - hosted the first "FIA Food for the Future Summit" in Singapore where regional CEOs and senior executives explored how innovation can propel the sector while addressing today's global food demands. The food industry has a tough job - to not only develop food and drinks that taste good but also provide consumers with nutritious products that are reasonably priced. Dollar sales of plant-based cheese grew 18% in the past year and 51% over the past two years. Across key categories, dollar sales of plant-based foods are growing significantly, while dollar sales of conventional animal foods are declining or growing only modestly. Trips per buyer increased 1.4% over the past year to 5.4 trips per buyer. The plant-based meal category, comprising frozen and shelf-stable meals, is worth $377 million. The plant-based meat category is worth $939 million. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for communication (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for recreation and culture (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for education (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for restaurants and hotels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for miscellaneous goods and services (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). United States, China, Europe, Japan, South-east Asia, India and others. The data summarized here represents U.S. retail sales of plant-based foods that directly replace animal products, including meat, seafood, eggs, and dairy, as well as meals that contain animal ingredient replacements.

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