The production of food and beverage service activities in Finland has shown a fluctuating trend over the past decade. From 2013 to 2019, the sector experienced consistent growth, with a notable peak in 2017 at a 7.34% year-on-year increase. However, the sector faced a sharp decline in 2020 with a reduction of 42.56% due to the pandemic. Post-2020, the industry rebounded strongly, notably with a 64.68% increase in 2021. As of 2023, the value stands at 7.57 billion euros, reflecting a steady recovery and growth.
The Compound Annual Growth Rate (CAGR) over the last five years has averaged at 2.2%. Looking ahead, the forecasted data from 2024 to 2028 indicates a moderate growth, with an expected 5-year CAGR of 1.75% and an overall growth rate of 9.05%.
Future trends to watch for include:
- The impact of technological innovations on service efficiency.
- Shifts in consumer preferences towards healthier and sustainable food options.
- Potential economic fluctuations and their effects on disposable income.
