The European Value Added of Food and Beverage Service Activities in 2024 highlights Germany as the leader with 37.02 billion Euros. Belgium follows with 6.78 billion Euros, and Ireland stands at 3.58 billion Euros. Finland and Slovakia contribute 3.25 billion Euros and 1.01 billion Euros respectively, while Greece and Slovenia provide the smallest values at 0.6237 billion Euros and 0.61746 billion Euros. In 2023, Germany experienced a year-on-year increase of 3.19%, Belgium 2.12%, Ireland 1.83%, and Finland 2.28%. Slovakia saw a modest rise of 0.73%, whereas Greece observed a significant decline of 19.48%. Slovenia had a 2.08% increase.
Future trends to watch include potential growth in Germany’s value added, driven by innovative culinary experiences and sustainability initiatives. Belgium's steady growth may continue due to its strong beer and chocolate sectors. Ireland and Finland could see accelerated growth due to tourism and local produce. Conversely, Greece needs to address specific economic challenges to reverse its decreasing trend. Monitoring digitalization, sustainability, and consumer behavior changes will be crucial for projecting future developments in this sector.
Top countries in Value Added of Food and Beverage Service Activities by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37,020 | 2023 | +2.47% | +3.19% | View data |
| 2 | 2 Belgium | 6,780 | 2023 | +1.91% | +2.12% | View data |
| 3 | 3 Ireland | 3,580 | 2023 | +1.98% | +1.83% | View data |
| 4 | 4 Finland | 3,250 | 2023 | +2.33% | +2.28% | View data |
| 5 | 5 Slovakia | 1,010 | 2023 | +2.1% | +0.73% | View data |
| 6 | 6 Greece | 623.7 | 2023 | -23.5% | -19.48% | View data |
| 7 | 7 Slovenia | 617.46 | 2023 | +2.35% | +2.08% | View data |
