In 2023, Italy led the European Beverage, Tobacco, and Food Machinery market with a turnover share of 32.15 million euros, followed by Germany at 28.26 million euros. Other notable players included Spain and France. Year-on-year variations showed Slovakia and Iceland having the highest growth, while Bosnia and Herzegovina experienced a significant decline. Over five years, Lithuania emerged as the fastest-growing market, despite being one of the smallest.
Future trends to watch:
- Italy and Germany are expected to remain dominant markets, but new opportunities could emerge in Eastern Europe.
- Innovation and sustainability in food machinery could drive future growth, influencing market dynamics.
- Trade policies and regulatory changes post-Brexit may impact the UK's turnover share.
Top countries in Beverage, Tobacco and Food Machinery Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 32.15 | 2023 | +4.58% | +1.72% | View data |
| 2 | 2 Germany | 28.26 | 2023 | +5.22% | +1.34% | View data |
| 3 | 3 Spain | 8.12 | 2023 | +5.44% | +3.58% | View data |
| 4 | 4 France | 6.38 | 2023 | -0.22% | -0.067% | View data |
| 5 | 5 Denmark | 5.91 | 2023 | +2.08% | +1.34% | View data |
| 6 | 6 United Kingdom | 3.18 | 2023 | -1.89% | -2.17% | View data |
| 7 | 7 Poland | 2.74 | 2023 | +1.71% | -0.25% | View data |
| 8 | 8 Austria | 2.17 | 2023 | +6.71% | +4.3% | View data |
| 9 | 9 Belgium | 1.47 | 2023 | +0.66% | -2.44% | View data |
| 10 | 10 Iceland | 1.4 | 2023 | +10.77% | +5.59% | View data |
