France Named Europe's Economic Attractiveness Champion for Fifth Year in a Row
Paris, May 2, 2024 – EY has published its 2024 France Attractiveness Survey, which annually tracks foreign investment projects across Europe and evaluates perceptions of France among economic decision-makers. The survey assesses both actual and perceived economic attractiveness, comparing major European countries.
Italian DOP-IGP Labels: €25M for Promoting Quality Food Sectors
A decree, jointly presented by the Italian Ministry of Agriculture and the consortium "Origin Italia" (an association dedicated to protecting Italian DOP-IGP labels, equivalent to French AOC-AOP and IGP labels), allocates €25 million to promote DOP-IGP products both nationally and internationally, as well as measures supporting sustainable development.
Spain: Europe's Leader in the Coffee Sector Revolution
Since 2021, coffee consumption in Spain has increased by 20%, with the coffee sector now accounting for 51% of all hot beverages, surpassing France (48%) and the United Kingdom (46%).
High-End Coffee Consumption Increased by 48% in Spain in 2022
An increasing number of Spaniards are opting for premium coffee over traditional coffee. Specifically, high-end coffee consumption surged by 48% in 2022.
The Gourmet Products Market in Germany
Germany, the second-largest agricultural power in Europe after France, remains heavily reliant on imports. It is the third-largest global importer of food products, behind the United States and China.
The Nuts Market in France: A Growing Segment of the Food Industry
The French nuts market is experiencing a significant surge, driven by increasing consumer awareness of health benefits, expanding product varieties, and a growing preference for plant-based diets. Nuts, once a seasonal treat or occasional snack, are now an integral part of the French diet, contributing to both health and culinary trends.
The Cosmetics Market in Spain
As the fifth-largest market in Europe, Spain's cosmetics sector was valued at €9.25 billion in 2022, marking an 11.3% increase from 2021.
The Cosmetics Market in Italy
In 2022, the Italian cosmetics market was valued at €13.3 billion, a 12.1% increase from 2021. The sector has proven more resilient to inflation compared to others, with consumer prices for cosmetics rising only 3.5-4% annually (as of January 2023), compared to an overall average increase of 8.5%.
The Cosmetics Market in Germany
With a revenue of €15.1 billion in 2022 (+5.4% compared to 2021), Germany remains the largest cosmetics market in Europe, ahead of France. In 2022, the German cosmetics and personal care industry generated €6.1 billion in revenue. Domestic cosmetic manufacturers earned €3.5 billion, which is €0.9 billion more than the revenue of German manufacturers outside the federal state (€2.6 billion).
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