Forecast: Household Expenditure on Food in Italy

In Italy, household expenditure on food is projected to rise from 160.55 billion euros in 2024 to 174.81 billion euros in 2028. This forecast represents a continuous year-on-year upward trend. If we compare the forecasts with 2023, it is important to note the baseline household expenditure on food was approximately 157 billion euros in 2023. The average compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 2.1%, indicating a steady increase.

Future trends to watch for:

  • Potential impacts of economic fluctuation on consumer spending power and food prices.
  • Changes in consumer preferences, such as shifts towards organic or locally-sourced products.
  • The influence of technological advancements in food retailing on expenditure patterns.

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