Key Market Indicators
Cypriot Food Expenditures are projected to hit approximately €2.3 billion by 2028, up from €2.1 billion in 2023. This marks an average annual growth rate of 1.4%. Since the turn of the millennium, demand for food in Cyprus has surged at an average annual rate of 5.8%. Similarly, Cypriot Food Sales are expected to reach around €1.8 billion by 2028, rising from €1.7 billion in 2023. This represents an average yearly growth rate of 1.3%. Since 2010, the food market in Cyprus has experienced a steady increase, growing at an average annual rate of 1.7%.
