Food - Ireland | Statista Market Forecast

Food - Ireland

Ireland

Highlights

Revenue in the Food market amounts to US$12.07bn in 2024. The market is expected to grow annually by 3.76% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$2.48bn 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$2.37k are generated in 2024.
In the Food market, 5.4% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 2.59bn kg by 2029. The Food market is expected to show a volume growth of 1.7% in 2025.0.
The average volume per person in the Food market is expected to amount to 466.90kg 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 Ireland has been experiencing negligible growth, influenced by factors such as changing consumer preferences, increasing competition, and fluctuating prices of raw materials. The sub-markets of dairy products, meat, fruits, and convenience food have been particularly impacted, as consumers prioritize health and convenience. Despite these challenges, the market continues to grow due to the strong demand for traditional Irish food products and the growing trend of sustainable and organic food consumption.

Customer preferences: Consumers in Ireland are showing a growing interest in plant-based and sustainable food options, driven by concerns for their own health and the environment. This has led to a surge in demand for plant-based meat alternatives, as well as locally sourced and organic produce. Additionally, there has been a shift towards convenience and healthy snacking options, with a rise in popularity of meal kits and subscription services for fresh, pre-made meals. This trend is also influenced by the increasing number of young professionals and busy families looking for quick and convenient meal solutions.

Trends in the market: In Ireland, The Food market industry is experiencing a surge in demand for locally sourced, organic and sustainable products. This trend is driven by consumers' increasing awareness and concern for their health and the environment. As a result, more and more food companies are adopting sustainable practices and offering transparent sourcing information. This trajectory is significant as it not only caters to consumers' changing preferences but also aligns with the government's initiatives to promote sustainable agriculture. For industry stakeholders, embracing this trend could lead to increased market share and improved brand reputation. However, it also requires significant investments in supply chain management and marketing strategies.

Local special circumstances: In Ireland, The Food market is heavily influenced by the country's rich agricultural heritage and strong focus on locally sourced produce. This has led to a strong emphasis on organic and sustainable farming practices, with consumers showing a preference for products with a "farm to table" approach. Additionally, Ireland's strict regulations on food safety and labeling have instilled trust in consumers and created a reputation for high-quality food products. These factors have contributed to the growth of the Irish Food Market, with a focus on quality and authenticity driving consumer choices.

Underlying macroeconomic factors: The Food market market in Ireland is heavily influenced by macroeconomic factors such as trade policies, consumer spending, and government regulations. Ireland's membership in the European Union allows for easy access to a large market, while its strong economy and high consumer confidence drive demand for food products. Additionally, government initiatives promoting healthy eating and sustainability have led to a growing demand for organic and locally sourced food products, creating new opportunities for market growth. However, potential challenges such as Brexit and fluctuations in global commodity prices can also impact the market's performance.

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.