Italian PDO Economy Worth €20B

Dec 04, 2024 94

Italy’s PDO economy demonstrates resilience, weathering agricultural and market pressures to post solid growth. The 22nd Ismea-Qualivita report reveals that the PDO economy reached €20.2 billion in production value in 2023, up slightly (+0.2%) on the year and 52% higher than a decade ago. The sector now contributes 19% to Italy’s agri-food revenue, underpinned by 317 authorized Consortia coordinating 194,000 businesses and sustaining nearly 850,000 jobs.

Growth in the food segment propelled the PDO economy forward, with production value increasing 3.5% to €9.17 billion—crossing the €9 billion mark for the first time. Cheeses led the charge, surpassing €5.5 billion (+5.3%), alongside notable gains for olive oil (+33%), and fresh meats (+10%). Consumer spending on PDO foods reached €18 billion, a 3.6% rise.

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SOURCE: https://news.italianfood.net

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