Opportunities in the Western European Food Industry 2024

Opportunities in the Western European Food Industry 2024

Summary

This report brings together multiple data sources to provide a comprehensive overview of the Western European food industry, analyzing data from 19 countries in the region. It includes an analysis of the following 

Market environment: Includes industry size, market size, and growth analysis by the top five sectors: bakery & cereals, dairy & soy food, meat, fish & seafood, and savory & deli foods.

High-potential countries analysis: Indicates changing share of value consumption of various food products by sector across high-potential countries in the Western European region. It also provides risk-reward analysis of four countries across the Western European region based on market assessment, economic development, sociodemographic factors, governance indicators, and technological infrastructure.

The Western Europe food industry was valued at $1 billion in 2023. The region will register value and volume CAGRs of 3.9% and 0.8%, respectively, during 2023-28, the lowest among all regions, mainly due to high inflation. The food industry in Western Europe remained fragmented in 2023, with the five leading companies accounting for a combined value share of 6.6%. Mondelez International, the largest company, held a 1.7% value share. Hypermarkets & supermarkets was the leading distribution channel in the Western European food industry in 2023, with a value share of 56.9%, followed by food & drinks specialists with 17.4%.

Scope

• Provides an overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers the regional overview of the Western European region - highlighting industry size, growth drivers, latest developments, and future inhibitors for the region.

Reasons to Buy

• Manufacturers and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.