Key Market Indicators
Luxembourger food expenditures are projected to hit €2.74 billion by 2028, up from €2.17 billion in 2023. This represents an average annual growth rate of 3.7%. Since 2000, the demand for food in Luxembourg has surged by 6.5% annually. In the global ranking for 2023, Luxembourg holds the 30th position, with Macedonia slightly ahead at the same expenditure amount of €2.17 billion. France, Italy, and the United Kingdom occupy the second, third, and fourth spots, respectively. On the sales front, Luxembourger food sales are expected to grow modestly, reaching €829 million by 2028 from €812 million in 2023. This reflects an average annual growth rate of 0.3%. Since 2014, the market has grown by 0.8% each year. In 2023, Luxembourg ranked 32nd in food sales, with Cyprus just ahead at €812 million. France, Italy, and Spain claimed the second, third, and fourth positions, respectively, in this category.
