A recent study found Greek consumers spend about 40% of their income on food, drink and tobacco-significantly higher than other EU countries. With so much income spent on food and drink, the economic forecast calls for weak growth in these sectors. Still it, hasn't stopped companies like Belgium-based grocery retailer Delhaize from making investments in its Greek supermarket chain Alfa-Beta in the current year.
DF: The report also found Greeks are showing few signs of varying their traditional diet. Consequently, ready-made meals and frozen foods have failed to catch on in a big way as they have in other parts of Western Europe.
Research and Markets
posted on Tuesday, July 1