Forecast: Employment in Food and Beverage Service Activities Sector in Denmark

The employment in the Food and Beverage Service Activities Sector in Denmark has shown significant growth from 2013 to 2023. The number of Full-Time Equivalents (FTE) increased from 38.31 thousand in 2013 to 53.94 thousand in 2023. This period experienced fluctuations with notable growth from 2013 to 2018, a slight dip in 2019 and a sharp decline in 2020 due to external factors, likely the COVID-19 pandemic. There was a strong recovery in 2021, and gradual increases resumed up to 2023. The compound annual growth rate (CAGR) over the last five years stands at approximately 1.32%.

Future trend highlights to watch for include:

  • A forecasted steady growth with a predicted CAGR of 1.94% from 2024 to 2028, reaching 60.95 thousand FTE by 2028.
  • Potential impact of economic fluctuations and pandemic recovery on employment growth rates might create volatility.
  • Technological advancements and automation within the sector could shift employment dynamics, possibly affecting future growth trends.

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