The production in the prepared meals sector in Italy showed fluctuating trends from 2013 to 2023, with a peak value in 2017 (at 1.52 billion Euros) and a low in 2021 (at 1.23 billion Euros). Year-on-year variations have been positive in certain years, but declines were noted, notably in 2018, 2020, and 2021. The sector struggled with a negative CAGR of around -0.8% over the last five years leading up to 2023, standing at 1.32 billion Euros in 2023.
Looking forward, the market is expected to experience a steady decline, with a forecasted annual average decrease of -0.71% over the next five years. This results in a projected production value of 1.26 billion Euros in 2028, showing an overall decrease of -3.5% compared to 2023.
Future trends to watch for:
- Impact of economic recovery post-pandemic on consumer demand for prepared meals.
- Shifts towards healthier and more sustainable food options influencing production.
- Technological advancements in food processing and preservation.
- Changes in export-import dynamics within the European Union and globally.
