Key Market Indicators
Macedonian Food Services Revenue is projected to hit €630 million by 2028, up from €465 million in 2023, marking an average annual growth rate of 4.8%. Since 2016, the Macedonian market has expanded at an average rate of 7.1% per year. In 2023, Macedonia ranked 34th in the global food services revenue standings, with Serbia slightly ahead at €465 million. Leading the pack were Germany, France, and Italy, occupying the second, third, and fourth spots, respectively. On the expenditure front, Macedonian Food Services spending is expected to climb to €801 million by 2028 from €681 million in 2023, growing at an average annual rate of 2.7%. Since 2005, the demand in Macedonia has increased by 4.3% annually. In 2023, Macedonia held the 35th position in food services expenditure, with Montenegro surpassing it at €681 million. Spain, Italy, and France secured the second, third, and fourth places in this category.
