In 2023, household expenditure on food and soft drinks per capita in Europe varied significantly. Iceland topped the list with around 4.41 thousand euros, while Macedonia was at the lowest with 1.19 thousand euros. Notably, the Baltic countries like Latvia and Estonia exhibited double-digit growth rates, 11.56% and 7.2%, respectively. Western European nations such as Luxembourg and Denmark showed moderate increases around 4%, with Portugal experiencing a notable 6.13%. In contrast, Ireland and the UK demonstrated minimal growth, hinting at market saturation or economic challenges.
Looking ahead, factors such as inflation, changes in consumer preferences towards healthier options, and economic fluctuations could influence spending patterns. Watch for potential shifts due to evolving market dynamics, policy changes, and technological advancements in food production and distribution.
Top countries in Household Expenditure on Food and Soft Drinks by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 4,410 | 2023 | +1.31% | +1.6% | View data |
| 2 | 2 Switzerland | 3,830 | 2023 | +1.56% | +3.72% | View data |
| 3 | 3 Luxembourg | 3,660 | 2023 | +2.49% | +4.05% | View data |
| 4 | 4 Norway | 3,440 | 2023 | +1.56% | +1.92% | View data |
| 5 | 5 Denmark | 3,350 | 2023 | +2.85% | +4.04% | View data |
| 6 | 6 Portugal | 3,000 | 2023 | +6.87% | +6.13% | View data |
| 7 | 7 Italy | 2,940 | 2023 | +2.66% | +2.78% | View data |
| 8 | 8 Sweden | 2,930 | 2023 | +1.17% | +3.01% | View data |
| 9 | 9 Finland | 2,900 | 2023 | +2.11% | +3.26% | View data |
| 10 | 10 Belgium | 2,850 | 2023 | +2.22% | +2.51% | View data |
