Looking at the 2024 forecast, France leads the European production of food and beverages with 169.95 Billion Euros, followed by Italy and Spain with 149.11 Billion Euros and 132.79 Billion Euros respectively. The Netherlands and Austria hold mid-tier positions, while smaller markets like Greece, Finland, Slovenia, and Luxembourg show significantly lower production values. In 2023, variations indicate significant growth in the Netherlands and Luxembourg, with an annual increase of 2.2% and 2.21% respectively. Spain also shows a remarkable 1.49% growth, whereas Greece's production saw a low increment of just 0.52%. Over the last two years, France and Italy have shown consistent moderate growth. The last five-year CAGR trends indicate that there is a steady annual increase in value across most countries.
Future trends worth watching include continued growth in value for mid-sized producers like the Netherlands and Austria, which could indicate shifting market dynamics. Increased investment in food technology and sustainable production methods may drive further growth. Additionally, globalization and trade policies could impact the production rates in smaller countries, potentially leading to a more balanced distribution of production values across Europe.
Top countries in Production of Food and Beverages by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 169,950 | 2023 | +0.89% | +1.07% | View data |
| 2 | 2 Italy | 149,110 | 2023 | +1.12% | +1.13% | View data |
| 3 | 3 Spain | 132,790 | 2023 | +1.54% | +1.49% | View data |
| 4 | 4 Netherlands | 76,090 | 2023 | +1.92% | +2.2% | View data |
| 5 | 5 Austria | 25,350 | 2023 | +1.87% | +2.02% | View data |
| 6 | 6 Greece | 15,160 | 2023 | +0.4% | +0.52% | View data |
| 7 | 7 Finland | 11,820 | 2023 | +0.77% | +0.8% | View data |
| 8 | 8 Slovenia | 2,220 | 2023 | +1.35% | +1.28% | View data |
| 9 | 9 Luxembourg | 1,000 | 2023 | +1.9% | +2.21% | View data |