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.

Top 10 countries

In 2024 major markets in the Food Services Industry were:

World 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

World Food Services Top Rankings

Global Number of Persons Employed in Food and Beverages by Country
Global Food and Beverages Protein Supply Quantity Per Capita by Country
Global Food and Beverages Fat Supply Quantity Per Capita by Country
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Global Food Services Statistics

Global Food Services Industry Database