Long-term consumer spending trends in most foreign markets indicate declining expenditure shares on staples (like rice and wheat) and increasing shares on higher valued food items (such as meat, dairy, fruits, and vegetables). These shifts in food demand trends have reshaped food marketing gobally.
- Food suppliers and retailers have responded to demand by modifying their products and retail formats to better meet consumer needs.
- Large multimational retailers have expanded in the developing countries, and top 15 companies account for more than 30 percent of global supermarket sales.
ERS analyzes data collected by various national and international organizations and a commercial vendor to examine the ongoing evolutions in global food markets.