Soft Drink & Other Grocery Wholesale

Revenue for the Soft Drink, Baked Goods and Other Grocery Wholesaling industry has increased, rising at an annualized rate of 7.1% to $487.9 billion over the five years to 2022. Economic growth, and rising consumer confidence have increased industry demand in recent years as downstream markets experienced increased sales from consumers with more disposable income in their pockets. This is despite difficult conditions during the COVID-19 (coronavirus) pandemic. This industry covers a variety of products and has diversified revenue streams that sustain growth from different markets. The pandemic initially produced significant declines in demand from the food and hospitality industries, but create a temporary surge in grocery sales, benefiting industry operators. Since 2021, however, downstream demand has largely normalized, while rising agricultural and fuel prices have caused industry selling prices to spike. In 2022 alone, IBISWorld expects revenue to rise 16.0%. Despite volatile purch