Capitalizing on the 7.3% CAGR Boom: Digital Marketing Opportunities in the Expanding Food and Beverage Sector
The global food and beverages market grew from $6,729.54 billion in 2022 to $7,221.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%.
This clearly indicates a growing market opportunity for digital marketers in the food and beverage industry. With a CAGR of 7.3%, there’s increasing demand and potential for revenue growth. For digital marketers, it’s important to leverage this growth by creating effective campaigns that reach, attract, and convert their target consumers within the expanding market. Moreover, competition will likely intensify which may demand a distinct marketing strategy.
Source: https://www.researchandmarkets.com/report/food-beverage