Key Market Indicators
The revenue from Cyprus's food processing sector is projected to decline to approximately €159 million by 2028, dropping from around €164 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 0.5%. Since 2013, the Cypriot market has experienced a slight annual decline of 0.1%. In the 2023 rankings, Cyprus held the 26th position, with Croatia surpassing it at the €164 million mark. Leading the rankings were major European economies: France, Germany, and Italy, occupying the second, third, and fourth spots respectively.
