Key Market Indicators
Irish food expenditures are projected to rise to approximately €9.4 billion by 2028, up from around €8.6 billion in 2023. This represents an annual growth rate of 1.3%. Since the year 2000, Irish demand for food has increased by an average of 2.6% annually. In 2023, Ireland was ranked 21st in food expenditures globally, with Bulgaria just ahead at €8.6 billion. The top three countries in this ranking were France, Italy, and the United Kingdom. Meanwhile, Irish food sales are expected to decrease to about €19.6 billion by 2028, down from €20.4 billion in 2023. This represents an annual decline of 0.6% on average. Since 2011, the Irish market has seen a yearly decrease of 1.7%. In 2023, Ireland was ranked 13th in food sales, with Austria ahead at €20.4 billion. France, Italy, and Spain occupied the second, third, and fourth spots in this ranking, respectively.
