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Over 70% of food and drink businesses believe they will see revenue growth this year

/ 12th May 2025 /
Galen English

Over 70% of Irish food and drink businesses remain confident that they can sustain their revenue growth this year, according to the 2025 Food & Beverage Industry Barometer.

This year’s Barometer, based on a March 2025 survey of 120 Irish food producers, captures the priorities of a diverse mix of Irish food and drink businesses, ranging from household brand names to high-growth SMEs focused on local markets.  

While operating at varying scales, 61% of food and beverage businesses say they are intent on building a stronger brand presence.

Respondents also shared their concerns in trying  to overcome common industry challenges linked to cost pressures and labour availability such as accommodation and skills gaps.

And they are still trying to come to terms with the imposition by the US Government of 10% tariffs on food and beverage exports.  

Business Bulletin

Two-thirds of food and beverage businesses are now focused on streamlining and enhancing their operational performance, with sights clearly fixed on further developing their operations in the Irish market.

The survey, conducted by Love Irish Food and Bank of Ireland, also revealed an 8% annual rise in companies developing a domestic growth strategy, with new customer acquisition and innovation remaining primary goals. 

Conor Kilduff, Executive Director, Love Irish Food said: “What the 2025 Barometer shows is not a sector in retreat, but one pivoting strategically.

"Brands are investing where it counts - in operations, in identity, in people and in reconnecting  with Irish consumers." 

Head of Food & Beverage Sector, Bank of Ireland, Lucy Ryan, added“In my daily interactions across the Irish food and beverage sector, I am struck by how resilient businesses are.

food and drink
L-R: Conor Kilduff, Executive Director, Love Irish Food with Stephen McCormack, Managing Director, McCormack Family Farms and Lucy Ryan, Head of Food & Beverage Sector, Bank of Ireland

"Industry leaders are attuned to shifts in market dynamics, agile in their operations, and constantly innovating to ensure they provide customers with a best-in-class product. 

"Irish food producers are also keenly aware of the environmental benefits to their own bottom line, and with sustainability practices now embedded in 95% of businesses surveyed, it bodes well for long-term growth for the  sector.”

Pics: Robbie Reynolds 

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