Key Market Indicators
Czech Food Sales are projected to hit approximately €12.7 billion by 2028, up from €12.3 billion in 2023. This marks an average annual growth rate of 0.5%. Since 2010, the Czech market has seen a steady year-on-year increase of 0.8%. In 2023, the Czech Republic ranked 17th in food sales, with Portugal slightly ahead at €12.3 billion. Leading the rankings were France, Italy, and Spain, occupying the second, third, and fourth spots respectively. Czech Food Expenditures are expected to rise to around €23.3 billion by 2028, compared to €19.1 billion in 2023. This represents a compound annual growth rate (CAGR) of 3.1%. Since 2000, the country's demand has surged by an average of 6.5% annually. In 2023, the Czech Republic was the 14th largest market for food expenditures, with Austria ahead at €19.1 billion. France, Italy, and the United Kingdom held the second, third, and fourth positions respectively in this ranking.
