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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in EMEA is experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing competition, and fluctuating commodity prices. Despite the slow growth, the market is being driven by the rising demand for convenience and healthier food options, as well as the adoption of digital technologies in food production and distribution. Additionally, the growing awareness about food safety and sustainability is also impacting the market's growth rate.
Customer preferences: As consumer awareness regarding the environmental impact of food production grows, there is a rising demand for sustainable and ethically-sourced food products in the EMEA region. This trend is driven by a strong emphasis on ethical consumption, as well as increasing concerns about food safety and food waste. As a result, there has been a shift towards plant-based and local food options, as well as a rise in the popularity of circular economy initiatives such as food waste reduction and upcycling.
Trends in the market: In the EMEA Food Market, there is a growing trend towards health consciousness and sustainable food options. Consumers are increasingly demanding transparency in the supply chain and seeking out ethically sourced and organic products. This is leading to an increase in plant-based and alternative protein products, as well as a rise in demand for locally grown and artisanal foods. This trend is significant as it reflects a changing consumer mindset and has the potential to disrupt traditional food production and distribution methods. Industry stakeholders will need to adapt to these evolving trends to stay competitive and meet consumer demands.
Local special circumstances: In EMEA, The Food market is heavily influenced by unique local factors, such as the diverse cultural preferences and regulatory policies across the region. For example, in Europe, there is a growing demand for organic and sustainable food products, while in the Middle East, there is a strong preference for halal-certified goods. Additionally, countries like Russia and Turkey have strict import regulations that affect the availability and pricing of certain food items. These factors significantly impact the dynamics of The Food market market in EMEA.
Underlying macroeconomic factors: The performance of The Food market market in EMEA is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Countries with stable economies and supportive fiscal policies tend to experience faster market growth compared to regions with economic challenges and limited government support. Additionally, the increasing demand for healthy and sustainable food options, driven by the growing awareness of health and environmental concerns, is also impacting the market growth in this region. This trend is expected to continue as consumers become more conscious of the impact of their food choices and look for more sustainable and ethical options.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights