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Food Services Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Food Services Industry

European Food Services Trends in 2024

Food Services is part of Services and includes a number of sub-sectors such as Catering. You may also be interested in Leisure and Transportation.

European Food Services Expenditure is projected to reach approximately €781 billion by 2028, down from around €795 billion in 2023, reflecting a modest annual growth rate of 0.5%. This follows a slight decline in demand, which has fallen by 0.1% annually since 2019. In 2023, the United Kingdom led the continent in Accommodation and Food Services Expenditure with an impressive €161 billion. Spain, Italy, and France followed in second, third, and fourth place, respectively. Notably, Serbia experienced a significant increase of 24.2% year on year, while Malta saw a decline of 3.7% annually since 2019. Looking at European Food Services Revenue, it is expected to climb to approximately €789 billion by 2028 from about €824 billion in 2023, registering an annual growth rate of 1.4%. Since 2019, the European market has grown by 2.9% each year. The United Kingdom again topped the rankings in 2023 for Accommodation and Food Services Revenue, generating €123 billion. Germany, France, and Italy occupied the subsequent spots in the ranking. Serbia's revenue surged by 20.4% year on year, while Iceland experienced a slight decline of 1.1% annually since 2019.

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Top 10 countries

In 2024 major markets in the Food Services Industry were:

Food Services Market Data and Forecasts

How much the Food Services industry is expected to grow to 2028?

Forecast: European Turnover of Accommodation and Food Services
Forecast: European Household Expenditure on Restaurants and Hotels
Forecast: Household Expenditure on Restaurants and Hotels in the EU28
Forecast: Turnover of Accommodation and Food Services in the EU28
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