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Strong growth in the food industry

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Strong growth in the food industry

The CAGR is expected to be 10.7% over the period 2021-2024. Greek food industryreaching a total turnover of 10.5 billion euros in 2024, compared to 7.7 billion euros in 2021. Deloitte in Survey “Monitoring of the public catering market” for 2022, which examines the food industry worldwide and in Greece.

It is worth noting that in 2022, the sector’s turnover is estimated to have increased by 26% compared to 2021, reaching 9.7 billion euros and recovering 2 of the 3 billion lost in the two years 2020-2021 due to lockdown and due to with birth. to restrictive measures due to coronovirus. This dynamic recovery, which began last year, is due to the high flow of tourists during the year, as well as the weakening of measures to combat the pandemic. It is noted that, according to Deloitte, the turnover of the food industry in Greece in 2019, before the pandemic, was 10.86 billion euros.

According to research by Deloitte, the financial crisis and pandemic have brought to the fore new trends in food buying and consumption for Greeks. For example, take-out meals and delivery have remained very popular options even after the pandemic ended. In addition, farm-to-table restaurants (restaurants that either have their own farms for raw materials or work closely with producers to have fresh produce), in addition to being an international trend, have caught the attention of Greeks, as consumers seem to give everything more and more attention to the quality and origin of raw materials.

Author: newsroom

Source: Kathimerini

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