Key Market Indicators
Luxembourger food services expenditure is projected to hit €1.68 billion by 2028, up from €1.54 billion in 2023. This marks a modest annual growth rate of 1.4%. However, since the year 2000, the country's demand has decreased by 1.2% annually. In 2023, Luxembourg ranked 29th in food services expenditure, with Lithuania surpassing it by reaching €1.54 billion. Spain, Italy, and France secured the second, third, and fourth positions in the ranking, respectively. Meanwhile, Luxembourger food services revenue is expected to soar to €2.86 billion by 2028, a significant jump from €2.27 billion in 2023. This translates to an average annual growth rate of 3.7%. Notably, since 2010, the market has expanded by 5.2% each year. In 2023, Luxembourg was ranked 26th in food services revenue, with Slovenia overtaking it at €2.27 billion. Germany, France, and Italy occupied the second, third, and fourth spots in this ranking, respectively.
