In 2023, the European food products market reported varied year-on-year turnovers across countries. Germany stood as the top market with a turnover of €207.42 billion, followed by France and Italy. The Netherlands experienced a notable increase in turnover, at 2.39%, while Bulgaria's growth was even more impressive at 3.78%. Despite Iceland's substantial decline by 10.35%, most countries witnessed positive changes. Central and Eastern European markets, such as Lithuania and Romania, reported strong growth, reflecting emerging market trends.
Future trends to watch include increased diversification in food products and technology-driven efficiencies. Sustainability practices may enhance value, especially in environmentally conscious markets, influencing turnover growth positively. Additionally, emerging markets in Eastern Europe are expected to drive further expansion, capitalizing on infrastructure and supply chain improvements.
Top countries in Food Products Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 207,420 | 2023 | +1.92% | +2.29% | View data |
| 2 | 2 France | 187,070 | 2023 | +1.77% | +0.79% | View data |
| 3 | 3 Italy | 132,860 | 2023 | +1.74% | +2.09% | View data |
| 4 | 4 Spain | 113,820 | 2023 | +1.28% | +1.53% | View data |
| 5 | 5 United Kingdom | 100,970 | 2023 | +0.61% | +1.11% | View data |
| 6 | 6 Netherlands | 79,490 | 2023 | +2.23% | +2.39% | View data |
| 7 | 7 Poland | 65,470 | 2023 | +2.86% | +1.85% | View data |
| 8 | 8 Belgium | 42,020 | 2023 | -0.13% | +1.05% | View data |
| 9 | 9 Switzerland | 32,680 | 2023 | +1.78% | +2.23% | View data |
| 10 | 10 Denmark | 28,620 | 2023 | +1.99% | +1.95% | View data |
