The savoury biscuits market in Italy has shown significant fluctuations over the past decade. Starting from a value of €391.38 million in 2012, the market saw a declining trend, reaching €256.77 million by 2022. Notable variations include a sharp decline of 25.73% in 2016 and a moderate increase of 8.77% in 2017. The compound annual growth rate (CAGR) over the past five years has mostly been negative, highlighted by a -4.7% CAGR from 2017 to 2022. For 2024, the market is observed to be stabilizing, but remains below its peak values.
Key future trends to watch for include potential growth driven by increasing consumer preferences for healthy and organic savoury snacks. Innovations in product offerings and marketing strategies targeting younger demographics might also play pivotal roles in market dynamics.
How does Italy rank in Savoury Biscuits Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 563,790,000 | 2023 | +2.1% | +7.16% | View data |
| 2 | 2 France | 508,020,000 | 2023 | +5.05% | +5.71% | View data |
| 3 | 3 Spain | 360,210,000 | 2023 | +2.59% | +2.76% | View data |
| 4 | 4 Netherlands | 294,910,000 | 2023 | +3.96% | +0.61% | View data |
| 5 | 5 Italy | 284,110,000 | 2023 | -2.33% | -1.27% | |
| 6 | 6 Romania | 172,990,000 | 2023 | +1.4% | +0.82% | View data |
| 7 | 7 Portugal | 88,902,000 | 2023 | +4.29% | +3.71% | View data |
