In 2023, France led European household expenditure on food and soft drinks with €186.95 billion, followed by Italy at €172.22 billion, and Spain at €105.03 billion. Smaller economies such as Belgium, Austria, and Finland, allocated significantly less, indicating a focus on smaller-scale markets or potential areas for market growth. Noteworthy were Croatia and Estonia, showing higher percentage growth at 7.29% and 7.46% respectively. The average annual growth over the past 5 years highlights a positive trajectory in Slovakia and Estonia, suggesting robust consumer spending patterns.
Future trends indicate a shift towards increased consumer spending on organic and sustainable food products across Europe, driven by heightened environmental awareness. Technological innovation in food distribution and retail sectors could also influence spending patterns, potentially increasing cross-border eCommerce transactions. Monitoring these movements will be pivotal in understanding shifts in consumer behavior and expenditure distribution across various European markets.
Top countries in Household Expenditure on Food and Soft Drinks by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 186,950 | 2023 | +2.22% | +2.81% | View data |
| 2 | 2 Italy | 172,220 | 2023 | +1.91% | +2.34% | View data |
| 3 | 3 Spain | 105,030 | 2023 | +1.43% | +2.94% | View data |
| 4 | 4 Belgium | 33,360 | 2023 | +2.42% | +2.94% | View data |
| 5 | 5 Austria | 22,920 | 2023 | +1.36% | +3.3% | View data |
| 6 | 6 Finland | 16,310 | 2023 | +3.48% | +3.65% | View data |
| 7 | 7 Slovakia | 13,770 | 2023 | +8% | +9.66% | View data |
| 8 | 8 Ireland | 9,880 | 2023 | +2.09% | +2.87% | View data |
| 9 | 9 Croatia | 9,680 | 2023 | +2.14% | +7.29% | View data |
| 10 | 10 Slovenia | 4,530 | 2023 | +2.39% | +5.24% | View data |
