In 2023, the Homogenised Food Preparations and Dietetic Food Market in Italy stood at 729.46 Million Euros. Over the period from 2013 to 2023, the market exhibited significant fluctuations. Initially, the market experienced steady growth from 2013 to 2016, peaking at 629.97 Million Euros in 2016. After a slight downturn from 2017 to 2020, the market rebounded sharply in 2021 with an impressive 13.46% year-on-year increase, reaching 655.73 Million Euros, and continued to grow moderately through 2023 with a 5.31% year-on-year increase.
Looking at the average annual growth rate over the last 5 years, the compound annual growth rate (CAGR) was 3.35%. This demonstrates a rebound trend after the dip in the market seen from 2017 to 2020.
Future trends to watch for:
- A forecasted growth rate with a 5-year CAGR of 3.46%, leading to an anticipated market value of 907.9 Million Euros by 2028.
- Continuous advancements in dietary preferences and increasing awareness around health and nutrition, likely to drive market innovations and product diversification.
- Potential impacts from regulatory changes within the food sector as consumer safety and product standards tighten.
- Technological advancements in food processing and preservation, enhancing the appeal and shelf-life of homogenised and dietetic food products.
