Key Market Indicators
Irish food expenditures are projected to climb to €9.4 billion by 2028, up from €8.6 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.3%. Since the year 2000, the demand for food in Ireland has seen a steady increase of 2.6% annually. Conversely, Irish food sales are expected to decline over the same period. By 2028, food sales are forecast to drop to €19.6 billion from €20.4 billion in 2023, translating to an average annual decrease of 0.6%. This follows a longer-term trend observed since 2011, where the market has shrunk by 1.7% per year.
