Food - Malta

Malta

Revenue in the Food market amounts to US$1,028.00m in 2024. The market is expected to grow annually by 4.74% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$221.20m in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$1,916.00 are generated in 2024.
In the Food market, 8.5% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 194.00m kg by 2029. The Food market is expected to show a volume growth of 2.0% in 2025.
The average volume per person in the Food market is expected to amount to 330.80kg in 2024.

Key regions: United States, Canada, China, India, South Korea

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

Region

Region comparison

Currency

Analyst Opinion

The Food market in Malta is experiencing minimal growth, influenced by factors such as consumer preferences for traditional, locally-sourced products and limited access to digital technologies. Health and convenience are also important drivers, with an increasing demand for organic and healthy options. The sub-markets of Dairy, Meat, Fish, Fruits, Vegetables, Bread, Oils, Sauces, Convenience Food, Spreads, Confectionery, Baby Food, Pet Food, Processed Vegetables, Fruit, Potatoes, and Pasta & Rice all play a role in shaping the overall market and its slow growth rate.

Customer preferences: As the population in Malta becomes more health-conscious, there has been a noticeable shift towards plant-based diets and organic foods. This trend is influenced by cultural values that prioritize fresh, locally-sourced produce. Additionally, with rising awareness about sustainable and ethical food practices, consumers are also showing a preference for environmentally-friendly and ethically-sourced food options. This has led to a growth in demand for organic and fair trade products in The Food market.

Trends in the market: In Malta, The Food market industry is seeing a surge in demand for locally sourced and organic products. Consumers are increasingly conscious about the quality and sustainability of their food choices, leading to a rise in farm-to-table initiatives and eco-friendly packaging options. Additionally, there is a growing trend of online food delivery services, catering to the busy lifestyles of urban residents. These trends highlight the importance of transparency and convenience in The Food market, presenting opportunities for industry stakeholders to adapt and cater to the changing consumer preferences.

Local special circumstances: In Malta, The Food market is heavily influenced by its Mediterranean location and cultural heritage. The island's close proximity to the sea allows for a strong emphasis on seafood in local cuisine, while traditional dishes are heavily influenced by Italian and North African flavors. Additionally, the small size and close-knit community of Malta allows for a strong sense of food culture, with many local markets and festivals celebrating traditional dishes and local produce. The country's strict regulations on food safety and quality also play a significant role in shaping the market, ensuring consumers have access to safe and high-quality food products.

Underlying macroeconomic factors: The Food market in Malta is affected by various macroeconomic factors, such as the country's overall economic performance, global economic trends, and fiscal policies. The stability of the economy and its growth rate have a direct impact on the purchasing power of consumers, which in turn influences the demand for food products. Additionally, changes in government policies and regulations can greatly impact the market, as they can affect production costs and trade barriers. Furthermore, the increasing trend of health-conscious consumption and demand for organic and sustainable food products is also shaping The Food market in Malta. These factors, along with others such as population growth and income levels, are important considerations for businesses operating in The Food market in Malta.

Methodology

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.