The production value of food and beverage services in the Netherlands has shown significant growth from 2013 to 2023, standing at 23.66 billion Euros in 2023. Over the past decade, the sector saw substantial annual increases, particularly strong growth in 2016 (7.36%), 2018 (6.51%), and a recovery after a pandemic-induced dip in 2020. The year 2020 marked a significant decline of 26.1%, recovering by 23.33% in 2021 and continuing its upward trajectory with a notable 13.97% rise in 2022 followed by a 10.06% increase in 2023. The CAGR from 2013 to 2023 reflects an average annual growth of 3.62%, showing resilience and robust market recovery post-2020 downturn.
Future trends to watch for:
- Continued moderate growth is projected with a forecasted 5-year CAGR of 2.9%, resulting in a production value of 28.42 billion Euros by 2028.
- Potential impacts of changing consumer preferences towards healthier and sustainable options.
- Technological advancements in food delivery services and digital ordering platforms driving market dynamics.
- Regulatory changes and economic factors that could influence market conditions.