Between 2013 and 2023, the production of food products in Italy showed incremental growth with a few fluctuations. In 2020, there was a notable dip due to global disturbances, but the sector rebounded significantly in 2021, hitting 120.92 Billion Euros. By 2023, the value reached 122.75 Billion Euros. The year-on-year growth from 2022 to 2023 was 0.74%, and the five-year CAGR sat at 0.79%, indicating stable but moderate growth.
Looking forward, the industry is expected to continue growing, reaching 127.47 Billion Euros by 2028 with a forecasted five-year CAGR of 0.6%. Key future trends to watch for include advancements in food technology, shifts towards sustainable practices, and the impact of changing consumer preferences on product demand.