The global food and beverages market was valued nearly at $8 billion in 2018. North America was the largest market for food and beverages, accounting for more than 50% of the global market in 2018. The USA is the largest country in terms of value in the Food And Beverages market.
The food and beverages market consists of sales of beverages, food, pet food and tobacco products by entities (organizations, sole traders and partnerships) that produce beverages, food, pet food and tobacco products. The companies in the food and beverages industry process raw materials into food, pet food and tobacco products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
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Food And Beverages Market Size
The food and beverages market consists of sales of beverages, food, pet food and tobacco products by entities (organizations, sole traders and partnerships) that produce beverages, food, pet food and tobacco products. The companies in the food and beverages industry process raw materials into food, pet food and tobacco products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
The market for food and beverages is concentrated with a few large players dominating the market Major players in the global food and beverages market include Nestle S.A, Philip Morris International Inc, PepsiCo, JBS S.A., and Anheuser Busch InBev.
Nestlé S.A. was the largest competitor in the food and beverages market in 2017, Nestlé S.A. is a Swiss multinational food and drink company headquartered in Vevey, Vaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014. Nestlé’s products include baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks.
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