Key Market Indicators
Slovakia's food services expenditure is projected to rise to €4.1 billion by 2028, up from €3.6 billion in 2023, marking an average annual growth rate of 1.9%. Since 2000, Slovak demand has increased at a yearly rate of 3.8%. In 2023, Slovakia ranked 22nd in food services expenditure, with Hungary slightly ahead at €3.6 billion. Leading the rankings were Spain, Italy, and France, occupying the second, third, and fourth positions, respectively. Meanwhile, Slovakia's food services revenue is expected to climb to €3.5 billion by 2028, up from €2.8 billion in 2023, reflecting a compound annual growth rate (CAGR) of 3.4%. Since 2010, the Slovak market has grown by 5.3% annually. In terms of revenue, Slovakia ranked 24th in 2023, with Cyprus just ahead at €2.8 billion. Germany, France, and Italy claimed the second, third, and fourth spots in this category, respectively.
