Key Market Indicators
**Bosnian Food Expenditures to Surge to €7.5 Billion by 2028** By 2028, food expenditures in Bosnia are projected to soar to €7.5 billion, marking a significant increase from €5.3 billion in 2023. This represents an average annual growth rate of 5.4%. Since 2005, Bosnia has witnessed a robust 8.9% annual increase in food demand. In 2023, Bosnia ranked 25th in food expenditures, with Lithuania slightly ahead at the same €5.3 billion mark. Leading the pack in this ranking were France, Italy, and the United Kingdom, securing the 2nd, 3rd, and 4th positions respectively. **Bosnian Food Sales to Hit €1.8 Billion by 2028** Meanwhile, Bosnian food sales are expected to reach €1.8 billion by 2028, up from €1.7 billion in 2023. This growth reflects a modest compound annual growth rate (CAGR) of 0.6%. Since 2016, the Bosnian market has seen a gradual 0.3% yearly increase. In 2023, Bosnia held the 30th spot in food sales, with Iceland surpassing Bosnia at €1.7 billion. France, Italy, and Spain were the top contenders in this category, ranking 2nd, 3rd, and 4th respectively.
