Key Market Indicators
British food sales are projected to climb to approximately €103.8 billion by 2028, up from around €101 billion in 2023. This represents an average annual growth rate of 0.4%. Since 2011, the British market has seen an average yearly increase of 1.1%. In 2023, the United Kingdom ranked fifth in food sales, with Spain surpassing it at the same €101 billion mark. France, Italy, and Spain held the second, third, and fourth positions, respectively. In terms of food expenditures, Britain is expected to reach about €119.7 billion by 2028, rising from €113.5 billion in 2023. This indicates an average annual growth rate of 0.9%. Since 2000, British demand for food has grown by 1.5% each year. In 2023, the UK ranked fourth in food expenditures, with Italy overtaking it at the same €113.5 billion level. France, Italy, and the United Kingdom were the second, third, and fourth largest spenders in this category, respectively.
