Italian agribusiness soars by 31% from 2015 to 2022

Jun 20, 2024 195

In 2022, Italy’s agribusiness sector posted revenues of €251.1 billion, marking a 31% increase since 2015. Of this, €176.7 billion came from food and beverage products, and €74.4 billion from agriculture. These figures are drawn from a recent study by The European House-Ambrosetti, unveiled at the eighth forum “The Roadmap for the Future of Food & Beverage” in Bormio.

The report, cited by Corriere della Sera, reveals that when factoring in distribution, Horeca, and intermediation, total revenues in the sector reach €586.9 billion. The supply chain, employing 3.7 million workers, contributes €334.5 billion in added value—up 2.6% from 2021—divided among core agri-food (€66.6 billion), intermediation, distribution, and Horeca (€67.5 billion), and related upstream and downstream sectors (€200.4 billion).

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SOURCE: https://news.italianfood.net

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