In 2023, Germany led European household expenditure on food with 196.89 billion euros, followed by France and Italy. Among the smaller economies, Poland and Romania showed substantial year-on-year increases, 7.07% and 6.93% respectively, indicating robust food expenditure growth. Germany's modest 4.51% increase contrasts with the aggressive growth in lesser economies, signaling possible market saturation in larger countries. Nations like Bulgaria and Slovakia displayed significant growth at over 10%, reflecting rising consumer spending power. Country-specific factors, economic stability, and inflation rates contribute to varying expenditure growth rates across the continent.
Future trends to watch include the impact of sustainability and changing dietary preferences on food expenditure. Emerging economies could continue to see higher growth rates as disposable income increases, while established markets may experience slower, but steadier growth, influenced by demographic changes and health-conscious consumer behavior.
Top countries in Household Expenditure on Food by Country
# | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 196,890 | 2023 | +3.94% | +4.51% | View data |
2 | 2 France | 169,390 | 2023 | +1.39% | +2.66% | View data |
3 | 3 Italy | 156,890 | 2023 | +1.1% | +2.19% | View data |
4 | 4 United Kingdom | 113,470 | 2023 | +1.18% | +1.48% | View data |
5 | 5 Spain | 95,070 | 2023 | +1.52% | +2.84% | View data |
6 | 6 Poland | 61,760 | 2023 | +1.36% | +7.07% | View data |
7 | 7 Netherlands | 45,010 | 2023 | +3.81% | +5.23% | View data |
8 | 8 Romania | 43,580 | 2023 | +4.41% | +6.93% | View data |
9 | 9 Belgium | 30,890 | 2023 | +2.8% | +3.17% | View data |
10 | 10 Portugal | 29,650 | 2023 | +7.48% | +6.39% | View data |