Food & Agribusiness Report 2024

Welcome to ifac's 7th annual Food & Agribusiness report, titled ‘Getting your business fit for export’. This 2024 report, Ireland’s only annual review of food and agribusiness SMEs, provides insights from leaders of over 120 companies vital to our economy. It highlights that 81% of surveyed business owners have seen rising costs, and 38% are struggling with cashflow issues amid various pressures.

Download the report below for a comprehensive overview of the challenges and opportunities facing Irish SMEs.

80%

have maintained or increased turnover in the past 12 months

61%

listed Irish Government supports as the key support helping them export

75%

currently set or are in the process of setting sustainability targets

1 in 3

are experiencing short or medium-term cash flow issues

41%

of food businesses see exporting to new markets as the biggest opportunity for growth in the next 12 months

72%

do not have a clear succession plan in place

2 in 3

food businesses see launch of new products or services as the biggest opportunity for growth over the next 12 months

90%

are taking climate action

Only 16%

of business leaders feel confident that they have a good understanding of the applicability of AI for their business

Download Report

Packed with key trends, industry insights and tips from business owners, our report provides a complete overview of the food and agribusiness SME sector.

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90% of Irish food and agribusiness companies are taking climate action as global expansion becomes a priority

Our Food & Agribusiness team have published our seventh annual Food and Agribusiness Report 2024 – the only report containing the pulse of the Irish food and agribusiness SME sector.

Read the full story

Download Report

Packed with key trends, industry insights and tips from business owners, our report provides a complete overview of the food and agribusiness SME sector.

Download

Ireland, an Agrifood Exporting and Importing Island

Worldwide Ireland is recognised as a powerhouse in agrifood exports. Worth over €18bn in value in 2023* and reaching over 180 countries. Exports have grown significantly in the past 10 years and look set for further growth in the years ahead. Food Vision 2030** set a figure of at least €21bn of agrifood exports by 2030. With the growth in exports since the publishing of this strategy this target looks likely to be exceeded.

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