The turnover of Restaurants and Mobile Food Service Activities in Sweden has exhibited moderate growth from 2013 to 2023, with an exceptional dip in 2020 due to the COVID-19 pandemic. The average annual growth rate over the past decade has generally been positive, indicating a resilient industry. In 2023, the turnover stood at 12.41 billion Euros, reflecting a robust recovery post-pandemic with an increase of 6.74% from the previous year.
Key historical trends include:
- Steady year-on-year growth from 2013 to 2019, with a slight dip in 2019.
- Significant impact in 2020 due to the pandemic, causing a substantial drop in turnover.
- Strong recovery in 2021 and continued growth through 2023.
Looking forward, the industry is forecasted to continue its growth trajectory with an average annual growth rate (CAGR) of 2.64% from 2024 to 2028. The forecast suggests a continued positive trend, with anticipated turnover reaching 14.66 billion Euros by 2028.
Future trends to watch for include:
- Increased adoption of digital ordering and delivery platforms.
- Growing consumer emphasis on sustainability and local sourcing.
- Potential market expansions and innovations in mobile food services.
