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 Greece has been experiencing slow growth, impacted by factors such as economic downturn, high unemployment rates, and changing consumer preferences towards healthier options. The sub-markets of dairy, meat, and seafood have been affected by declining consumption and rising costs. Additionally, the convenience food sector has seen a decline due to a shift towards home-cooked meals. However, there is potential for growth in the organic and specialty food segments, driven by increasing health consciousness among consumers.
Customer preferences: The Greek food market has seen a rise in demand for convenient and healthy options, reflecting a growing health consciousness among consumers. With a focus on quality ingredients and traditional cooking methods, there is also a trend towards supporting small, local businesses. Additionally, there has been an increase in the popularity of online grocery shopping and food delivery services, catering to busy lifestyles and offering a wider range of options for those with dietary restrictions. This shift towards convenience and health-conscious choices is also influenced by the growing number of health and wellness influencers and bloggers in Greece.
Trends in the market: In Greece, The Food market is experiencing a surge in demand for locally sourced and organic products, driven by consumers' growing awareness of food sustainability and health. This trend is expected to continue as consumers prioritize quality and ethical food choices. This shift towards sustainable and healthy food options presents opportunities for industry stakeholders to innovate and differentiate their products. Additionally, with the rise of e-commerce and online grocery shopping, there is potential for digital platforms to play a larger role in The Food market, providing convenience and accessibility to consumers.
Local special circumstances: In Greece, The Food market is heavily influenced by the country's rich history and strong culinary traditions. The Mediterranean climate and fertile land allow for the production of high-quality ingredients, resulting in a diverse range of local specialties. Additionally, Greece's cultural emphasis on communal dining and fresh, seasonal ingredients drives demand for local produce and traditional dishes. Regulatory factors, such as the protection of traditional food products and strict labeling requirements, also play a significant role in shaping the Greek Food Market. These unique factors contribute to a dynamic and thriving food market in Greece.
Underlying macroeconomic factors: The Food market in Greece is heavily influenced by macroeconomic factors such as the country's overall economic health and fiscal policies. Greece has faced numerous economic challenges in recent years, leading to a decline in consumer spending and a decrease in demand for food products. Additionally, the country's high unemployment rate and low disposable income have also impacted The Food market. However, with the improvement of the country's economic situation and government efforts to stimulate growth, there is potential for an increase in consumer purchasing power and a rebound in The Food market. Furthermore, the increasing trend of healthy and sustainable food choices is also influencing the market, as consumers become more conscious of their dietary habits and demand for organic and locally sourced products.
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