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Serbia Food Industry Outlook 2024 - 2028

See how Serbia Food performed compared to key markets such as Germany, France and Italy.

Key Market Indicators

Serbian food expenditures are projected to reach approximately €8 billion by 2028, up from around €7.3 billion in 2023. This marks a compound annual growth rate (CAGR) of 1.6%. Since the year 2000, demand in Serbia has seen an average yearly increase of 3.2%. In 2023, Serbia ranked 23rd in food expenditures, with Croatia slightly ahead at around €7.3 billion. Leading the rankings were France, Italy, and the United Kingdom, occupying the second, third, and fourth positions respectively. Meanwhile, Serbian food sales are expected to grow to about €7.2 billion by 2028, rising from nearly €6.4 billion in 2023. This represents an average annual growth rate of 1.9%. Since 2019, the Serbian market has experienced a yearly increase of 2.1%. In the 2023 rankings, Serbia was placed 21st, just behind Finland, which reported food sales of approximately €6.4 billion. France, Italy, and Spain held the second, third, and fourth spots in this category.

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Serbia Food Market Data and Forecasts