Key Market Indicators
Italian food expenditures are projected to hit €175 billion by 2028, up from €157 billion in 2023. This represents a steady annual growth rate of 1.7%. Since the turn of the century, Italy's demand for food has climbed by 2.2% each year. In the 2023 rankings, Italy held the third spot, with France leading at €157 billion. The top spenders in food expenditures were France, Italy, and the United Kingdom, respectively. Meanwhile, Italian food sales are expected to reach €144 billion by 2028, rising from €133 billion in 2023. This growth reflects a yearly increase of 1.3%. Over the past decade, the Italian market has seen a 2.1% annual growth rate. In 2023, Italy ranked third in food sales as well, trailing France's €133 billion. The top positions were occupied by France, Italy, and Spain, in that order.
Italy Food Innovation Articles
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Revolutionizing the Food Industry: Cargill and Cosun Protein’s Plant-Based Innovations
Dec 16th 2024
