The sector showed considerable growth from 2013’s value of 5.02 billion Euros to 9.57 billion Euros in 2024, recording a CAGR of 3.82% over the last 5 years. Noteworthy annual increases include 32.18% in 2017 and 4.79% in 2022, suggesting consistent growth. The forecast predicts the sector to reach 11.1 billion Euros by 2028, demonstrating a 5-year CAGR of 3.02% and an overall growth rate of 16.04% from 2023 to 2028.
Watch for advancements in sustainable production methods, policy changes impacting agricultural subsidies, and evolving consumer preferences towards healthier and eco-friendly products, which could significantly affect the sector’s production dynamics.
