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.
Trends in Global Food Market in Revenue Term..pptx
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 ...
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