Staple Food Market

Global Staple Food Market Size, Share & Trends Analysis Report By Nature (Conventional, and Organic), By Product Type, By Distribution Channel, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23627 Publication Date: July-2024 Number of Pages: 284
2023
USD 1.5 Trillion
2031
USD 2.6 Trillion
CAGR
7%
Historical Data
2020 to 2022

“Global Staple Food Market to reach a market value of USD 2.6 Trillion by 2031 growing at a CAGR of 7%”

Analysis of Market Size & Trends

The Global Staple Food Market size is expected to reach $2.6 trillion by 2031, rising at a market growth of 7.0% CAGR during the forecast period.

Retail stores stock staple foods, including grains, cereals, pulses, oils, sugar, fruits, vegetables, and dairy products. This variety allows consumers to choose from different brands, packaging sizes, and price points, meeting individual household requirements and culinary preferences. Consequently, the Retail stores segment would acquire nearly 21% of the total market share by 2031. Retail stores frequently offer promotional discounts, bulk purchasing options, loyalty programs, and seasonal sales on essential foods.  

Staple Food Market Size - Global Opportunities and Trends Analysis Report 2020-2031

As the global population grows, so does the demand for essential foods such as grains, cereals, vegetables, and fruits. Furthermore, urbanization fosters the development of robust retail and distribution networks, including supermarkets, grocery stores, and food markets. Thus, population growth and rising urbanization are propelling the market's growth. Additionally, Increasing consumer awareness and concerns about health and wellness drive the demand for organic and non-GMO essential foods. Stringent regulations and certification standards for organic and non-GMO products assure consumers about product quality and authenticity. In conclusion, rising demand for organic and non-GMO staples propels the market's growth.

However, Climate change increases the frequency and intensity of extreme weather events such as droughts, floods, hurricanes, and heatwaves. Furthermore, rising global temperatures alter growing seasons and affect crop development. Heat stress during critical growth stages reduces crop yields and diminishes the nutritional quality of essential foods, impacting food security and human health. Hence, climate change and environmental impact are hampering the market's growth.

Driving and Restraining Factors
Staple Food Market
  • Population growth and rising urbanization
  • Rising demand for organic and non-GMO staples
  • Expansion of the agriculture sector worldwide
  • Climate change and environmental impact
  • Price volatility and market instability
  • Increasing government policies and subsidies
  • Rising investments in sustainable agriculture
  • Outbreaks of the pests and diseases
  • Food waste and post-harvest losses

Distribution Channel Outlook

By distribution channel, the market is segmented into wholesale distributors, online retailers, direct-to-consumer (D2C), retail stores, and others. The direct-to-consumer (D2C) segment procured a 25% revenue share in the market in 2023. D2C models offer convenience by allowing consumers to purchase essential foods directly from producers or manufacturers through online platforms, farm stands, subscription services, or farmers’ markets.

Staple Food Market Share and Industry Analysis Report 2023

Product Type Outlook

Based on product type, the market is divided into cereals, sugar, roots & tuber, fruit, vegetables, oil, and others. The vegetables segment attained 20% revenue share in the market in 2023. Vegetables are recognized for their high nutritional value, providing essential vitamins, minerals, fiber, and phytochemicals necessary for maintaining health and preventing diseases. Increasing awareness of the health benefits of vegetable consumption drives higher demand among health-conscious consumers.

Nature Outlook

On the basis of nature, the market is segmented into organic and conventional. In 2023, the organic segment attained 32.7% revenue share in the market. Growing consumer awareness and concerns about health and environmental sustainability drive demand for organic staple foods. Organic farming practices prioritize natural inputs, avoiding synthetic pesticides, herbicides, and genetically modified organisms (GMOs).

Free Valuable Insights: Global Staple Food Market size to reach USD 2.6 Trillion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 36% revenue share in the market in 2023. The Asia-Pacific region is home to a significant portion of the world’s population, including densely populated countries such as China, India, Indonesia, and Pakistan. The population's sheer size and growth rate drive substantial demand for staple foods to meet basic nutritional needs and dietary requirements

Staple Food Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 1.5 Trillion
Market size forecast in 2031 USD 2.6 Trillion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 7% from 2024 to 2031
Number of Pages 284
Number of Tables 399
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Nature, Product Type, Distribution Channel, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Cargill, Incorporated, Danone S.A., JBS S.A., Archer Daniels Midland Company, The Kraft Heinz Company, Kellogg Company, General Mills, Inc., Unilever PLC and Arla Foods amba
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List of Key Companies Profiled

  • Cargill, Incorporated
  • Danone S.A.
  • JBS S.A.
  • Archer Daniels Midland Company
  • The Kraft Heinz Company
  • Kellogg Company
  • General Mills, Inc.
  • Unilever PLC
  • Arla Foods amba

Staple Food Market Report Segmentation

By Nature

  • Conventional
  • Organic

By Product Type

  • Cereals
  • Vegetables
  • Fruit
  • Oil
  • Sugar
  • Roots & Tuber
  • Others

By Distribution Channel

  • Wholesale Distributors
  • Direct-to-Consumer (D2C)
  • Retail Stores
  • Online Retailers
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $2.6 trillion by 2031.

Population growth and rising urbanization are driving the Market in coming years, however, Climate change and environmental impact restraints the growth of the Market.

Cargill, Incorporated, Danone S.A., JBS S.A., Archer Daniels Midland Company, The Kraft Heinz Company, Kellogg Company, General Mills, Inc., Unilever PLC and Arla Foods amba

The expected CAGR of this Market is 7.0% from 2024 to 2031.

The Cereals segment led the Market by Product Type in 2023; thereby, achieving a market value of $499.8 billion by 2031.

The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $960 billion by 2031.

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