In 2023, Italy led the European market in high growth enterprises in event catering and food service activities with a significant share of 29.46%, followed by Hungary at 26.45%. The Czech Republic and Lithuania also held noteworthy shares at 11.82% and 11.22%, respectively. Despite smaller shares, countries like Romania, Portugal, and Slovakia demonstrated robust year-on-year growth, particularly Latvia, which showed an impressive increase of 11.84%. Notably, Hungary experienced the most significant growth rate of 17.47% in 2023, indicating strong sector dynamism.
Future trends to watch for include the potential impact of consumer preferences shifting towards local and sustainable food options, which could create new opportunities within the sector. Additionally, technological advancements in food service operations and delivery could further drive enterprise growth across these countries, providing a fertile environment for innovative startups and expansion of existing businesses.
Top countries in Number of High Growth Enterprises in Event Catering and Other Food Service Activities Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.46 | 2023 | +21.49% | +2.65% | View data |
| 2 | 2 Hungary | 26.45 | 2023 | +26.92% | +17.47% | View data |
| 3 | 3 Czech Republic | 11.82 | 2023 | +22.92% | +2.56% | View data |
| 4 | 4 Lithuania | 11.22 | 2023 | +27.27% | +8.06% | View data |
| 5 | 5 Romania | 6.01 | 2023 | +25% | +8.45% | View data |
| 6 | 6 Portugal | 5.61 | 2023 | +33.33% | +7.5% | View data |
| 7 | 7 Slovakia | 5.01 | 2023 | +25% | +9.34% | View data |
| 8 | 8 Latvia | 4.21 | 2023 | +23.53% | +11.84% | View data |
| 9 | 9 Norway | 2.81 | 2023 | +16.67% | +6.96% | View data |
| 10 | 10 Iceland | 0.8 | 2023 | +33.33% | +5.92% | View data |
