The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.
Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe
The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.
Target of 2. Overcoming hunger, development of agriculture The task is 2.4: Reduce the volatility of food prices
According to projections by staff of the Eurosystem - the group of central banks of countries which use the Euro as their currency - the annual inflation rate of the Eurozone is set to decline sharply, halving from 5.4 percent in 2023 to 2.1 percent in 2025, with more gradual declines in 2026 and 2027. This decline in the rate of increase of the price level in the Eurozone is being driven by comparatively low inflation in energy prices, which stands in sharp contrast to the situation of the EU in 2022, when the price of energy skyrocketed due to the sanctions placed on Russia in the aftermath of the invasion of Ukraine. Food price inflation - which was a key driver of inflation in 2023, standing at over 10 percent - is also contributing to the drop in the inflation rate, as a sharp fall to 3.0 percent is forecast for 2025.
The Consumer Price Index (CPI) measures the change in price of goods and services within a country. In Italy, the price index for non-food and non-energy consumer goods reached about *** in 2024, which is an increase of about three points compared to the previous year. Most countries in Europe saw inflation rates increase considerably after the coronavirus pandemic and amid the Russia-Ukraine war.
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Stalls and markets’ industry revenue across Europe is anticipated to contract at a compound annual rate of 2.2% to €39.7 billion over the five years through 2025. The owner-operator nature of the industry and the small size of stalls mean that no companies have any substantial scale and instead operate from one stall. This does cap revenue due to limited expansion opportunities and stalls that are the most successful tend to open shops or restaurants. Stalls and markets experience some seasonal demand spikes. At Christmas time, visiting stalls across Europe is a festive tradition for many people which boost sales and revenue. High inflation because of the Russia-Ukraine conflict and the COVID-19 outbreak skyrocketed the price of food and beverages in 2023 and prices of food remain high in 2025. Markets across Europe have raised their prices to pass on extra supply costs to their customers, but disposable income has fallen so people are spending less in markets. Revenue is anticipated to contract by 1.1% in 2025. Profit depends largely on the type of goods that each stall sells and is set to be 16.8% in 2025. Revenue is expected to grow at a compound annual rate of 3.1% to €46.3 billion over the five years through 2030. Demand for food markets especially is set to grow since customers across Europe are looking for sustainably sourced, organic and local products since health consciousness and environmental awareness is building. Markets will innovate by introducing delivery services to garner more local community support. Social media will also continue to be asset to markets looking to drive up sales since it lures more customers.
In Germany, the consumer price index (CPI) for non-food and non-energy consumer goods grew from about 118.78 in 2023 to 122.04 in 2024. In other words, prices for non-food and non-energy products grew by nearly three percent in 2042 compared to the previous year. Most countries in Europe saw inflation rates increase considerably after the coronavirus pandemic and amid the Russia-Ukraine war.
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The top 20 most impacted countries in terms of agricultural production value losses for all scenarios under study. This table shows sanctions on Russia with the war still escalating, will still lead to heavy production value losses in the EU. However, with the application of harsher sanctions, the economies of smaller nations become highly vulnerable.
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The top 20 least impacted countries in terms of agricultural production value gains for all scenarios under study. This table shows that the agricultural sectors of China, India, and the USA were the least impacted in 2022 during the weather-geopolitical couple extreme events. Harsher sanctions on Russia benefit the EU food markets but take a toll on weaker and smaller economies.
The German Internet Panel (GIP) is an infrastructure project. The GIP serves to collect data about individual attitudes and preferences which are relevant for political and economic decision-making processes. Experimental variations were used in the instruments. The questionnaire contains numerous randomisations as well as a cross-questionnaire experiment. Topics: Party preference (Sunday question); assessment of the importance of selected policy fields for the federal government (labour market, foreign policy, education and research, citizen participation, energy supply, food and agriculture, European unification, family, health care system, gender equality, internal security, personal rights, pension system, national debt, tax system, environment and climate protection, consumer protection, transport, defence, currency, economy, immigration and integration); currently most important policy areas for the respondent; satisfaction with the performance of the federal government (scalometer); satisfaction with the performance of the parties CDU/CSU, SPD, Bündnis 90/Die Grünen, Die Linke (scalometer); probability of an external event: Effects of the Ukraine crisis on the availability and price of Russian gas in Germany; Federal government should draw consequences from the Ukraine crisis and find alternatives to the purchase of Russian gas; assessment of political decisions of the Federal government on the introduction of a rent brake and a car toll, on the expansion of the digital infrastructure as well as on the re-regulation of prostitution; respective responsibility for the fact that corresponding laws have not yet been passed; expected change in unemployment due to the introduction of the minimum wage respectively in Eastern Germany, Western Germany and in Germany as a whole; opinion on the introduction of a statutory minimum wage; assessment of an alternative proposal to the minimum wage (state pays the difference between the real hourly wage and a gross wage of 8.50 euros); opinion on lowering the minimum wage in regions with high unemployment instead of the same minimum wage throughout Germany; self-assessment of patience and willingness to take risks (scalometer); preferred date for the debt brake (from 2015, from 2020, from 2025, after 2030 or not at all); assessment of the debt brake; assessment of the probability that one´s own federal state will manage without new debt from 2020; one´s own federal state should comply with the debt brake if not all 16 federal states manage without new debt from 2020; net household income resp. personal income; own willingness to pay an additional tax amount so that the own federal state can get along without new debts from 2020 onwards and the amount of this contribution (answer scale depending on household income and personal income); debts of cities and municipalities: Willingness to pay additional fees so that the municipality of residence can manage without new debts and the amount of this contribution (classified); willingness to agree to the merger of one´s own federal state with a neighbouring federal state; opinion on self-determination of the tax level by the federal states; opinion on the financing of infrastructure costs in poor regions via a common EU budget; opinion on EU loans within the framework of the euro bailout fund for heavily indebted member states; opinion on the fiscal equalisation system between the federal states; whether one´s own federal state belongs to the donor states or the recipient states; opinion on a law on the formation of reserves by the federal states for the pensions of state civil servants; demand for state measures to reduce income disparities; acceptance of tax evasion; inflation in Germany: Assessment of the price development for food and clothing in general and measured against the expectations of the European Central Bank (ECB) (inflation expectations); expected annual inflation rate in five and in ten years (medium-term and long-term inflation); assessment of the European Central Bank with regard to price stability in the Eurozone; preferred combination of the amount of monthly expenditure and the amount of a loan repayment; reception frequency of news in general and of news on the topic of economy. Demography: sex; citizenship; year of birth (categorised); highest school-leaving qualification; highest professional qualification; marital status; household size; employment status; private internet use; federal state. Additionally coded were: Interview date; year of recruitment; questionnaire evaluation; overall interview assessment; unique ID identifier, household identifier and person identifier within household. Das German Internet Panel (GIP) ist ein Infrastrukturprojekt. Das GIP dient der Erhebung von Daten über individuelle Einstellungen und Präferenzen, die für politische und ökonomische Entscheidungsprozesse relevant sind. Es wurden experimentelle Variationen in den Instrumenten eingesetzt. Der Fragebogen enthält zahlreiche Randomisierungen sowie ein fragebogenübergreifendes Experiment. Themen: Parteipräferenz (Sonntagsfrage); Einschätzung der Wichtigkeit ausgewählter Politikfelder für die Bundesregierung (Arbeitsmarkt, Außenpolitik, Bildung und Forschung, Bürgerbeteiligung, Energieversorgung, Ernährung und Landwirtschaft, Europäische Einigung, Familie, Gesundheitssystem, Gleichstellung von Frauen und Männern, Innere Sicherheit, Persönlichkeitsrechte, Rentensystem, Staatsverschuldung, Steuersystem, Umwelt und Klimaschutz, Verbraucherschutz, Verkehr, Verteidigung, Währung, Wirtschaft, Zuwanderung und Integration); derzeit wichtigste Politikfelder für den Befragten; Zufriedenheit mit den Leistungen der Bundesregierung (Skalometer); Zufriedenheit mit den Leistungen der Parteien CDU/CSU, SPD, Bündnis 90/Die Grünen, Die Linke (Skalometer); Wahrscheinlichkeit eines von außen wirkenden Ereignisses: Auswirkungen der Ukraine-Krise auf die Verfügbarkeit und den Preis von russischem Gas in Deutschland; Bundesregierung sollte Konsequenzen aus der Ukraine-Krise ziehen und Alternativen zum Bezug von russischem Gas finden; Beurteilung von politischen Entscheidungen der Bundesregierung zur Einführung einer Mietpreisbremse und einer Pkw-Maut, zum Ausbau der digitalen Infrastruktur sowie zur Neuregulierung von Prostitution; jeweilige Verantwortlichkeit für die bisher nicht erfolgte Verabschiedung entsprechender Gesetze; erwartete Veränderung der Arbeitslosigkeit durch die Einführung des Mindestlohns jeweils in Ostdeutschland, Westdeutschland und in Deutschland insgesamt; Meinung zur Einführung eines gesetzlichen Mindestlohns; Bewertung eines Alternativvorschlags zum Mindestlohn (Staat zahlt Differenz zwischen dem realen Stundenlohn und einem Bruttolohn von 8,50 Euro); Meinung zur Senkung des Mindestlohns in Regionen mit hoher Arbeitslosigkeit statt gleicher Mindestlohn in ganz Deutschland; Selbsteinschätzung der Geduld und der Risikobereitschaft (Skalometer); präferierter Zeitpunkt für die Schuldenbremse (ab 2015, ab 2020, ab 2025, nach 2030 oder überhaupt nicht); Bewertung der Schuldenbremse; Einschätzung der Wahrscheinlichkeit, dass das eigene Bundesland ab 2020 ohne neue Schulden auskommt; eigenes Bundesland sollte Schuldenbremse einhalten, falls nicht alle 16 Bundesländer ab 2020 ohne neue Schulden auskommen; Haushaltsnettoeinkommen bzw. persönliches Einkommen; eigene Bereitschaft zur Zahlung eines zusätzlichen Steuerbetrages, damit das eigene Bundesland ab 2020 ohne neue Schulden auskommt und Höhe dieses Beitrags (Antwortskala abhängig vom Haushaltseinkommen und dem persönlichen Einkommen); Schulden von Städten und Gemeinden: Bereitschaft zur Zahlung zusätzlicher Gebühren, damit die Wohngemeinde ohne neue Schulden auskommt und Höhe diese Betrages (klassiert); Bereitschaft, dem Zusammenschluss des eigenen Bundeslandes mit einem benachbarten Bundesland zuzustimmen; Meinung zur Selbstbestimmung der Steuerhöhe durch die Bundesländer; Meinung zur Finanzierung der Infrastrukturkosten in armen Regionen über einen gemeinsamen EU-Haushalt; Meinung zu EU-Krediten im Rahmen des Euro-Rettungsschirms für stark verschuldete Mitgliedsstaaten; Meinung zum Länderfinanzausgleich; Zugehörigkeit des eigenen Bundeslandes zu den Geberländern oder Nehmerländern; Meinung zu einem Gesetz zur Bildung von Rücklagen durch die Bundesländer für die Pensionen von Landesbeamten; Forderung nach staatlichen Maßnahmen zur Verringerung von Einkommensunterschieden; Akzeptanz von Steuerhinterziehung; Inflation in Deutschland: Einschätzung der Preisentwicklung für Lebensmittel und Kleidung allgemein und gemessen an den Erwartungen der Europäischen Zentralbank (EZB) (Inflationserwartung); erwarte jährliche Inflationsrate in fünf und in zehn Jahren (mittelfristige und langfristige Inflation); Beurteilung der Europäischen Zentralbank im Hinblick auf die Preisstabilität in der Eurozone; präferierte Kombination der Höhe von monatlichen Ausgaben und der Höhe einer Kreditrückzahlung; Rezeptionshäufigkeit von Nachrichten allgemein und von Nachrichten zum Thema Wirtschaft. Demographie: Geschlecht; Staatsbürgerschaft; Geburtsjahr (kategorisiert); höchster Schulabschluss; höchste berufliche Qualifikation; Familienstand; Haushaltsgröße; Erwerbsstatus; private Internetnutzung; Bundesland. Zusätzlich verkodet wurde: Interviewdatum; Jahr der Rekrutierung; Fragebogenevaluation; Beurteilung der Befragung insgesamt; eindeutige ID-Kennung, Haushalts-Kennung und Personen-Kennung innerhalb des Haushalts.
Sunflower Market Size 2024-2028
The sunflower market size is forecast to increase by USD 9.6 billion at a CAGR of 6.38% between 2023 and 2028. The market exhibits significant growth, driven by the increasing demand for health products derived from sunflower oil. This demand is fueled by consumers' preference for edible oils that offer various health benefits, such as essential fatty acids and vitamin E. Furthermore, advancements in agriculture have led to the production of high-yielding sunflower hybrids increasing supply. However, the market faces challenges due to the volatility in oilseed crop prices, which can be attributed to the limited availability of arable land and seasonal weather conditions. This financial support facilitates access to high-quality seeds, advanced farming techniques, and efficient processing technologies. Additionally, the market for sunflower products extends beyond oil, with growing trends in snacks, bakery items, and autumn beauty products utilizing sunflower seeds and oil. Companies are capitalizing on this trend by offering a range of sunflower-based products, from black oil sunflower seeds to medical-grade sunflower oil. The market is poised for continued growth, as consumers seek out healthier alternatives and innovative uses for this versatile crop.
What will be the Size of the Market During the Forecast Period?
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The market in North America is a significant player in the agricultural and industrial sectors. The market encompasses various applications, including sunflower oil production, sunflower seeds for edible and decorative purposes, and biofuel production. Sunflowers, scientifically known as Helianthus annuus, are popular for their large, vibrant yellow flowers that symbolize autumn beauty and the Aztec sun. They offer numerous benefits, from edible uses to cosmetics and industrial applications. Sunflower oil, derived from sunflower seeds, is rich in essential fatty acids, including linoleic acid and oleic acid.
Moreover, these healthy fats contribute to the oil's high smoke point, making it a popular choice for cooking and food service providers. Additionally, sunflower oil is rich in vitamin E, an antioxidant that benefits both human health and the cosmetics industry. Sunflower seeds are consumed for their nutritional value, particularly their high protein and healthy fat content. They are also used for decorative purposes, such as bird feed and sunflower seed packets for gardening. Magnetic seed treatment, a modern innovation, enhances sunflower seed germination and growth. This technology improves the overall yield and quality of sunflower crops, making it an essential investment for farmers.
Furthermore, the food industry segment is a significant consumer of sunflower seeds and oil. Sunflower oil is used in various food applications, from baking and frying to salad dressings and sauces. Sunflower seeds are consumed as snacks, added to trail mixes, and used in baking and cooking. The cosmetics industry sector also benefits from sunflower derivatives. Sunflower oil and sunflower seed extracts are used in skincare and haircare products due to their moisturizing and antioxidant properties. Sunflower seeds and oil are also used as biofuel feedstocks. The production of biodiesel from sunflower oil is a sustainable alternative to traditional fossil fuels, contributing to the reduction of greenhouse gas emissions.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Oilseed
Non-oilseed
Geography
Europe
APAC
China
South America
Argentina
North America
Middle East and Africa
By Type Insights
The oilseed segment is estimated to witness significant growth during the forecast period. Sunflower oil, a popular health product derived from sunflower seeds, holds a significant market share in the health foods sector, particularly in countries like China and India. The Food Safety and Standards Authority of India (FSSAI) ensures the safety and authenticity of sunflower oil by regulating the use of organic ingredients. This region's preference for organic edible oils, including sunflower, canola, coconut, and soybean, is driven by their numerous health benefits. The increasing concern over oil adulteration has led consumers to opt for approved organic options, thereby fueling the demand for these products. As a result, the sales of organic edible oils are projected to grow substantially in the Asia Pacific (APAC) region during the forecast period.
In addition to their edible uses, sunflowers are also popular for their ornamental value and as snacks. For instance, the Chianti Hybrid sunflower is a decorative variety, while
The UK inflation rate was 3.6 percent in June 2025, up from 3.4 percent in the previous month, and the fastest rate of inflation since January 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent, respectively.
The Cost of Living Crisis
High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23.
Global inflation crisis causes rapid surge in prices
The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.
The rising inflation worldwide in 2022 and 2023 is reflected in the increasing prices of the different commodity groups in the G7 countries. Most notably, the price of electricity, gas, and other fuels was high in the third quarter of 2024 in Japan, with price increases reaching ** percent compared to the same period in 2023. On the other hand, gas and electricity inflation was negative in Germany, Italy, and the UK following extremely high rates in 2022 and the first half of 2023. Inflation rates increased sharply all around the world through 2022 and the beginning of 2023, spurred by Russia's invasion of Ukraine in February that year. Economic challenges in Japan As food and restaurant costs have risen in Japan in comparison to the rest of the G7 nations, overall, Japan is facing a period of economic slowdown. Over time, the value of the Japanese yen has dropped. Moreover, the Japanese GDP has also dropped, going from around **** trillion U.S. dollars in 2021 to *** trillion U.S. dollars by 2024. However, it is predicted to begin increasing by 2025. Falling electricity costs Due to the COVID-19 pandemic and the energy crisis driven by the February 2022 invasion of Russia into Ukraine, electricity prices increased worldwide through 2021, 2022, and 2023. As of 2024, inflation of electricity costs is decreasing across the G7, more than other commodity groups. This rise and fall can be seen throughout Europe as well as within the United States, after peaking in 2022.
The average inflation rate of Czechia was forecast to reach 10.66 percent in 2023. This would mean a decrease of 4.44 percent compared to the previous year. However, inflation was forecast to decrease continuously between 2024 and 2030 by 14.3 percentage points. The average inflation rate is estimated to amount to two percent in 2030.This indicator measures inflation based on the year-on-year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent. Food inflation The high inflation rate increase in 2022 was partly due to the economic and energy crisis accompanied by the war in Ukraine. Food was one of the sectors hit the most by the sudden price increase in Czechia, with inflation rising to as high as 26 percent. That is over eight percentage points more than the food inflation peak in the European Union at that time. The food prices were higher than in Poland, which became a shopping destination for many Czechs, and, in some cases, they even topped the grocery prices in Germany. Inflation in other areas In 2022, the inflation rate of housing, water, energy, and fuel has risen even faster than that of food. So did transportation prices which, however, started decreasing significantly in the second half of 2022 already. With the combination of high housing, water, energy, and fuel prices and increased food inflation, restaurants' prices peaked that year. Due to this economic development, most people had a savings account or private pension insurance set up as anti-inflationary instruments by the end of 2022.
Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.
The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis
At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year.
Global Inflation Crisis
The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.
In 2022, 37 percent of respondents to a survey conducted in Germany fully supported the introduction of the 9-euro ticket. In contrast, 10 percent completely opposed the idea. The 9-euro ticket is a discounted public transport ticket sold by Deutsche Bahn, but introduced by the German government and available in June, July and August 2022. The ticket is valid for all German short-distance and regional transport and was introduced as a measure to financially support the population after energy and food prices soared following the beginning of the Russia-Ukraine war.
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Stalls and markets’ industry revenue across Europe is anticipated to contract at a compound annual rate of 2.2% to €39.7 billion over the five years through 2025. The owner-operator nature of the industry and the small size of stalls mean that no companies have any substantial scale and instead operate from one stall. This does cap revenue due to limited expansion opportunities and stalls that are the most successful tend to open shops or restaurants. Stalls and markets experience some seasonal demand spikes. At Christmas time, visiting stalls across Europe is a festive tradition for many people which boost sales and revenue. High inflation because of the Russia-Ukraine conflict and the COVID-19 outbreak skyrocketed the price of food and beverages in 2023 and prices of food remain high in 2025. Markets across Europe have raised their prices to pass on extra supply costs to their customers, but disposable income has fallen so people are spending less in markets. Revenue is anticipated to contract by 1.1% in 2025. Profit depends largely on the type of goods that each stall sells and is set to be 16.8% in 2025. Revenue is expected to grow at a compound annual rate of 3.1% to €46.3 billion over the five years through 2030. Demand for food markets especially is set to grow since customers across Europe are looking for sustainably sourced, organic and local products since health consciousness and environmental awareness is building. Markets will innovate by introducing delivery services to garner more local community support. Social media will also continue to be asset to markets looking to drive up sales since it lures more customers.
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Stalls and markets’ industry revenue across Europe is anticipated to contract at a compound annual rate of 5.9% to €38.6 billion over the five years through 2024. The owner-operator nature of the industry and the small size of stalls mean that no companies have any substantial scale and instead operate from one stall. This does cap revenue due to limited expansion opportunities and stalls that are the most successful tend to open shops or restaurants. Stalls and markets experience some seasonal demand spikes. At Christmas time, visiting stalls across Europe is a festive tradition for many people which boost sales and revenue. High inflation because of the Russia-Ukraine conflict and the COVID-19 outbreak skyrocketed the price of food and beverages in 2023 and they have remained high in 2024. Markets across Europe have raised their prices to pass on extra supply costs to their customers, but disposable income has fallen so people are spending less in markets. Revenue is anticipated to contract by 3.2% in 2024. Profit depends largely on the type of goods that each stall sells and is set to be 11.1% in 2024. Revenue is expected to grow at a compound annual rate of 3% to €44.7 billion over the five years through 2029. Demand for food markets especially is set to grow since customers across Europe are looking for sustainably sourced, organic and local products since health consciousness and environmental awareness is building. Markets will innovate by introducing delivery services to garner more local community support. Social media will also continue to be asset to markets looking to drive up sales since it lures more customers.
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Stalls and markets’ industry revenue across Europe is anticipated to contract at a compound annual rate of 2.2% to €39.7 billion over the five years through 2025. The owner-operator nature of the industry and the small size of stalls mean that no companies have any substantial scale and instead operate from one stall. This does cap revenue due to limited expansion opportunities and stalls that are the most successful tend to open shops or restaurants. Stalls and markets experience some seasonal demand spikes. At Christmas time, visiting stalls across Europe is a festive tradition for many people which boost sales and revenue. High inflation because of the Russia-Ukraine conflict and the COVID-19 outbreak skyrocketed the price of food and beverages in 2023 and prices of food remain high in 2025. Markets across Europe have raised their prices to pass on extra supply costs to their customers, but disposable income has fallen so people are spending less in markets. Revenue is anticipated to contract by 1.1% in 2025. Profit depends largely on the type of goods that each stall sells and is set to be 16.8% in 2025. Revenue is expected to grow at a compound annual rate of 3.1% to €46.3 billion over the five years through 2030. Demand for food markets especially is set to grow since customers across Europe are looking for sustainably sourced, organic and local products since health consciousness and environmental awareness is building. Markets will innovate by introducing delivery services to garner more local community support. Social media will also continue to be asset to markets looking to drive up sales since it lures more customers.
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Stalls and markets’ industry revenue across Europe is anticipated to contract at a compound annual rate of 5.9% to €38.6 billion over the five years through 2024. The owner-operator nature of the industry and the small size of stalls mean that no companies have any substantial scale and instead operate from one stall. This does cap revenue due to limited expansion opportunities and stalls that are the most successful tend to open shops or restaurants. Stalls and markets experience some seasonal demand spikes. At Christmas time, visiting stalls across Europe is a festive tradition for many people which boost sales and revenue. High inflation because of the Russia-Ukraine conflict and the COVID-19 outbreak skyrocketed the price of food and beverages in 2023 and they have remained high in 2024. Markets across Europe have raised their prices to pass on extra supply costs to their customers, but disposable income has fallen so people are spending less in markets. Revenue is anticipated to contract by 3.2% in 2024. Profit depends largely on the type of goods that each stall sells and is set to be 11.1% in 2024. Revenue is expected to grow at a compound annual rate of 3% to €44.7 billion over the five years through 2029. Demand for food markets especially is set to grow since customers across Europe are looking for sustainably sourced, organic and local products since health consciousness and environmental awareness is building. Markets will innovate by introducing delivery services to garner more local community support. Social media will also continue to be asset to markets looking to drive up sales since it lures more customers.
The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.
Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe
The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.