The household expenditure on food in Italy for 2024 is forecasted to be 162.5 billion euros. Looking at the historical data, 2023 expenditure stood at approximately the same level. Over the next five years, this expenditure is expected to grow consistently, reaching 179.97 billion euros by 2028. This indicates a steady year-on-year growth rate averaging about 2.07% over the entire period from 2024 to 2028.
Future trends to watch for include:
- Changing consumer preferences towards healthier and organic foods.
- Impact of inflation on food prices, affecting expenditure levels.
- Potential shifts in dietary habits due to demographic changes.
- Technological advancements impacting food production and supply chain efficiency.
