The food products turnover in Italy has shown a generally increasing trend from 2013 to 2023, with a slight dip in 2020 likely due to the pandemic. The value stood at 132.86 billion euros in 2023. Year-on-year variations demonstrate fluctuations with notable rises in 2021 (5.12%) and marginal growth in subsequent years. The last CAGR over the past five years is 2.09%, suggesting steady growth.
Future trends to watch for include the forecasted CAGR of 1.27% over the next five years and a total forecasted growth rate of 6.49% by 2028. This indicates moderate but continued expansion in the market.
