Key Market Indicators
The revenue of Slovakia's food processing sector is projected to hit approximately €448 million by 2028, a slight increase from the €447 million forecasted for 2023. This growth translates to a stagnant compound annual growth rate (CAGR) of 0% over the five-year period. Since 2013, the Slovak market has experienced a modest decline, with an average annual decrease of 0.6%. In the ranking of European countries by food processing revenue for 2023, Slovakia secured the 21st position. Bulgaria marginally outpaced Slovakia, also reporting revenues close to €447 million. Leading the European market in food processing revenue were France, Germany, and Italy, occupying the second, third, and fourth positions respectively.
