The sold production of soups and broths in Italy has shown significant fluctuations over the past decade. The value reached its peak in 2015 at EUR 296.91 million, followed by a gradual decline until 2020, which was marked by the lowest value of EUR 136.26 million. In 2023, the value stood at EUR 214.07 million, reflecting a recovery phase. However, from 2024 onwards, the forecasted data suggests a slowdown, with a slight downward trend expected until 2028.
Year-on-year variations over the last two years were 32.86% in 2022 and 6.54% in 2023. The compound annual growth rate (CAGR) over the last five years exhibited a negative trend at -2.76%. Looking ahead, the forecasted five-year CAGR indicates a continuous negative trend of -0.92% with a total decrease of 4.51% by 2028.
Future trends to watch for include potential market adaptations to shifting consumer preferences towards healthier and premium products, as well as the impact of economic conditions on consumer spending in this category.
