In 2023, the production value of rusks, biscuits, preserved pastry goods, and cakes in Italy stood at an estimated 4.42 billion euros. From 2024 onwards, the production value is projected to consistently increase, reaching 4.68 billion euros by 2028. This represents a steady year-on-year growth, reflecting an average Compound Annual Growth Rate (CAGR) of approximately 1.45% over the forecast period from 2024 to 2028.
Future trends to watch for in the Italian market include:
- Rising consumer demand for healthier and artisanal bakery options may drive product innovation and market expansion.
- Potential impacts from economic fluctuations and their influence on consumer spending habits.
- Advancements in e-commerce and digital marketing could alter distribution channels and expand market reach.
- Environmental and sustainability concerns may foster increased demand for eco-friendly and sustainable production practices.