20 Countries That Have the Most Variety of Food

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In this article, we discuss the 20 countries that have the most variety of food. To skip the detailed analysis of the food industry, go directly to the 5 Countries That Have the Most Variety of Food.

There are nearly 8 billion people in the world in around 195 countries with different beliefs, races, and cultural practices. Apart from technology, food might be the most important factor in bringing people around the world together, as humans can distinguish between nearly 10,000 flavors. Apart from the comfort and enjoyment that food brings, it is also one of the two most important necessities of life, the other one being water.

With a growing population, the demand for food is also increasing. The global food production was around 9.8 billion tons in 2020 and is expected to double in 2050, according to Sysco Corp (NYSE:SYY). Additionally, the food industry is also quite important, as it is estimated to add  $9.43 trillion in revenue to the global economy and is expected to grow at a compound annual growth rate (CAGR) of 6.21% by 2027.

Recent Developments in the Industry

One of the most devastating blows to the global food industry was the COVID-19 pandemic. The labor shortages and supply chain disruptions dramatically affected the industry but also changed the industry for better or for worse. One of the changes that the industry has experienced is the surge in food delivery compared to take-out or dine-in. Between February and December 2020, food delivery transactions almost doubled. By 2021, the food delivery services tripled the 2017 levels to $150 billion. Some of the major companies that rose to fame were DoorDash, Inc. (NYSE:DASH) and Uber Technologies, Inc. (NYSE:UBER), which account for 65% and 23% share of food delivery services in the United States, respectively.

After the pandemic, when the global economy was recovering, the Russian invasion of Ukraine created another cause for concern which affected the food industry drastically. The war created a major shortage of some major food products, such as grains and oilseeds, which the two countries export. It also affected the food companies that have significant operations in both countries. For example, PepsiCo, Inc. (NYSE:PEP) generated around 4.5% of its revenue from the two countries, and in the first 15 days of the war, the company’s stock price declined by around nearly 9%. Furthermore, the high energy prices also boosted the food prices, and in March 2022, they reached their peak. However, things have started to cool down, and between March 2022 and 2023, food prices saw 11 back-to-back price declines and experienced a decrease of 19%.