COP28 is set to see countries offer a response to the Global Stocktake synthesis report, published earlier this year, which showed that the world remains well off track from its climate targets.
With food companies struggling to live up to their net-zero promises, it's apt the industry is more central to the agenda at COP28 than in previous years.
Per GlobalData, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary have been identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure.
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