Food - Central & Western Europe

Central & Western Europe

Highlights

Revenue in the Food market amounts to US$944.50bn in 2024. The market is expected to grow annually by 3.95% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$189.40bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$2.81k are generated in 2024.
In the Food market, 4.6% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 204.40bn kg by 2029. The Food market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Food market is expected to amount to 562.10kg in 2024.

Key regions:

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Central & Western Europe is experiencing minimal growth due to various factors such as changing consumer preferences, increasing health consciousness, and the availability of convenient online options. The sub-markets, such as Dairy Products & Eggs and Convenience Food, play a significant role in influencing overall market growth. Additionally, factors such as fluctuating prices of raw materials and economic instability in the region also impact the market's growth rate.

Customer preferences: The Food market in Central & Western Europe is witnessing a growing demand for more sustainable and ethical food products. Consumers are increasingly concerned about the environmental impact of their food choices and are opting for locally sourced and organic options. This trend is also fueled by a rise in health consciousness, as more individuals are seeking healthier and natural food options. Additionally, the growing popularity of vegetarian and vegan diets is driving the demand for plant-based alternatives in the region.

Trends in the market: In Central & Western Europe, The Food market industry is experiencing a shift towards healthier and sustainable food options. Consumers are increasingly demanding organic, plant-based, and locally sourced products. This trend is driven by growing health consciousness, environmental concerns, and a desire for transparency in the food supply chain. As a result, companies are investing in innovative technologies to meet these demands and stay competitive. This includes initiatives such as precision agriculture, blockchain-based tracking systems, and plant-based protein alternatives. These trends are expected to continue, shaping the industry landscape and influencing consumer purchasing decisions. Industry stakeholders must adapt and capitalize on these trends to remain successful in the evolving Food Market market.

Local special circumstances: In Central & Western Europe, The Food market is heavily influenced by the region's diverse culinary traditions and preferences. Each country has its own unique food culture, with a strong emphasis on fresh, locally-sourced ingredients. This results in a wide range of traditional dishes and specialty products that cater to specific tastes and dietary needs. Additionally, strict regulations and standards for food production and safety also shape the market dynamics in this region. As a result, companies must carefully navigate these factors to successfully penetrate the market and cater to the diverse palates of consumers.

Underlying macroeconomic factors: The Food market in Central & Western Europe is heavily influenced by macroeconomic factors such as consumer trends, economic stability, and government policies. With the increasing focus on health and wellness, there has been a growing demand for organic and sustainably-sourced food products, driving market growth in the region. Additionally, the stable economic conditions and favorable fiscal policies in countries like Germany, France, and the UK have contributed to the overall growth of The Food market. However, challenges such as rising food prices, changing consumer preferences, and supply chain disruptions due to the COVID-19 pandemic have also impacted the market in recent years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.