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February 21, 2025
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Food industry revenues grow 10% by 2024

Food industry revenues grow 10% by 2024

The revenue of the Brazilian food industry reached R $ 1.277 trillion in 2024, an increase of 9.98% over the previous year. The result represents 10.8% of the country’s Gross Domestic Product (GDP). The data, released on Thursday (20), are from the Brazilian Association of Food Industry (Abia).Food industry revenues grow 10% by 2024Food industry revenues grow 10% by 2024

According to the survey, most of the revenues, 72%, or R $ 918 billion, came from the domestic market; 28% of foreign trade (US $ 66.3 billion). Already sales in 2024 expanded 6.1% and production, 3.2%, reaching 283 million tons of food.

According to Abia, the food industry invested in 2024 approximately $ 40 billion. Of the total, R $ 24.9 billion were directed to innovations and R $ 13.80 billion, for mergers and acquisitions.

“Abia reaffirms the commitment announced by the industry to invest $ 120 billion from 2023 to 2026. In 2023 and 2024 alone, the industry invested $ 74.7 billion, more than 62% of the projected period for the period. With these investments, the sector demonstrates the strength and consistency of this movement, essential to ensure competitiveness and supply in internal and external markets, ”said the entity’s executive, João Dornellas, in a statement.

World supermarket

Since 2022, Brazil occupies the position of the world leader in the export of industrialized foods in volume. Last year, 80.3 million tons, 10.4% above the 2023. From the previous year of US $ 62.2 billion.

The main export markets of Brazilian products in 2024 were Asia (38.7%of exports, highlighting China, with 14.9%stake), followed by the Arab League (18.9%) and the European Union (12 , 6%). The items that lead the list are meat ($ 26.2 billion); sugar products (US $ 18.9 billion); soy products (US $ 10.7 billion); oils and fats ($ 2.3 billion); and vegetable juices and preparations (US $ 3.7 billion).

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