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March 7, 2022
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Global food sales could reach US$10.6 billion by 2025

Global food sales could reach US$10.6 billion by 2025

In 2021, the (fresh and processed) would have reached US$ 8.9 billion (that is, 8’900,000’000,000), while by 2025 it would reach US$ 10.6 billion (10.6 billion = 10’600,000’000,000), an average annual growth 4% between 2022 and 2025, according to the statistics portal, Statista.

The growing global demand for organic products and vegetable sources will favor Peruvian agro-exports, according to Adex.

Last year, shipments to the world of Peruvian food with added value (which represented 90.3% of total agricultural exports) totaled US$7,989 million and had an increase of 19% compared to 2020. In the last five years, shipments of positive variations.

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In 2021, food sales were led by the confectionery and snacks category, with an estimated amount of US$ 1,592 million and a concentration of 18% of the total. This segment includes sweets, ice cream, pastry products, cakes, potato chips, chips, pretzels, cookies, among others. By 2025 they would stand at US$ 1,810 million.

The second segment was bread and cereal derivatives (US$ 1,291 million) with 14% representation, which contains bread, rice, pasta, cereals, baking flour, semolina, couscous and bulgur. Sales of US$ 1,487 million are expected by 2025 and an average annual increase of 5% between 2022 and 2025.

The third was meat (US$ 1,223 million) with a 14% share in food billing. This offer included fresh meat, processed meat (ham, bacon, sausage, roast meats and others) and meat substitutes. In this subsector, sales are projected for US$ 1,417 million by 2025 and an average annual increase of 5% between 2022 and 2025.

At the country level, China was the destination with the highest food sales, with a turnover of US$ 1,347 million last year, an amount whose representation was 15% of the global trade of these goods. It is estimated that by 2025 it would reach US$ 1,786 million and an average annual growth rate of 9% between 2022 and 2025.

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