Key Market Indicators
Cypriot Food Expenditures are projected to rise to €2.3 billion by 2028, up from €2.1 billion in 2023. This represents an average annual growth rate of 1.4%. Since 2000, the demand for food in Cyprus has increased significantly, averaging a 5.8% year-on-year growth. Meanwhile, Cypriot Food Sales are expected to reach €1.8 billion by 2028, increasing from €1.7 billion in 2023. This reflects an average annual growth rate of 1.3%. The Cypriot food market has seen a steady rise, with an average annual increase of 1.7% since 2010.
