In 2023, Germany led the European food products market with a turnover share of €17.45 million, showing a 2.29% increase from the previous year. France followed with €15.74 million (up 0.79%), and Italy with €11.18 million (up 2.09%). Spain and the United Kingdom recorded moderate improvements, with €9.58 million (1.53%) and €8.5 million (1.11%) respectively. Notably, the Netherlands saw a significant growth of 2.39% to €6.69 million, and Romania experienced the highest increase at 2.88%, reaching €1 million. In contrast, Iceland faced a steep decline of 10.35% to €0.15 million.
Looking ahead to 2024, key trends to watch include the continued growth trajectory in Germany due to its strong economic fundamentals. France and Italy should maintain steady growth, while emerging markets like Romania and Bulgaria will likely see further expansion. Monitoring the potential recovery in shrinking markets such as Iceland and the sustained performance of established markets in Western Europe will be critical. Additionally, innovations in food technology and shifts in consumer preferences towards healthier options could significantly impact the turnover distribution across European countries.
Top countries in Food Products Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.45 | 2023 | +1.92% | +2.29% | View data |
| 2 | 2 France | 15.74 | 2023 | +1.77% | +0.79% | View data |
| 3 | 3 Italy | 11.18 | 2023 | +1.74% | +2.09% | View data |
| 4 | 4 Spain | 9.58 | 2023 | +1.28% | +1.53% | View data |
| 5 | 5 United Kingdom | 8.5 | 2023 | +0.61% | +1.11% | View data |
| 6 | 6 Netherlands | 6.69 | 2023 | +2.23% | +2.39% | View data |
| 7 | 7 Poland | 5.51 | 2023 | +2.86% | +1.85% | View data |
| 8 | 8 Belgium | 3.54 | 2023 | -0.13% | +1.05% | View data |
| 9 | 9 Switzerland | 2.75 | 2023 | +1.78% | +2.23% | View data |
| 10 | 10 Denmark | 2.41 | 2023 | +1.99% | +1.95% | View data |
