The number of high growth enterprises in the food, beverages, and tobacco retail sector across Europe varied significantly by country as of 2024. Hungary stands out with a dominant share of 62.62 units (enterprises), followed by Italy and Portugal with 11.91 and 7.98 respectively. Over the past year, Hungary saw a remarkable year-on-year growth of 28.78%, whereas Lithuania also displayed significant growth at 14.87%. In contrast, Latvia and Iceland experienced negative growth with rates of -6.51% and -5.59% respectively. Observing over a five-year period, greater dynamics are noted in smaller markets like Slovakia and Lithuania.
Future trends to watch include potential consolidation and increased competition in rapidly growing markets like Hungary and Slovakia. Additionally, sustainability initiatives and shifts in consumer preferences could impact growth patterns, potentially signaling opportunities in emerging markets and sustainable retail sectors.
Top countries in Number of High Growth Enterprises in Food, Beverages and Tobacco Retail in Specialised Stores Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 62.62 | 2023 | +21.14% | +28.78% | View data |
| 2 | 2 Italy | 11.91 | 2023 | -1.02% | +3.42% | View data |
| 3 | 3 Portugal | 7.98 | 2023 | +8.33% | +6.93% | View data |
| 4 | 4 Romania | 5.65 | 2023 | +12.2% | +3.36% | View data |
| 5 | 5 Czech Republic | 4.67 | 2023 | +15.15% | +5.55% | View data |
| 6 | 6 Slovakia | 2.95 | 2023 | +14.29% | +7.14% | View data |
| 7 | 7 Lithuania | 1.96 | 2023 | +6.67% | +14.87% | View data |
| 8 | 8 Norway | 1.11 | 2023 | +12.5% | +8.45% | View data |
| 9 | 9 Latvia | 0.61 | 2023 | -16.67% | -6.51% | View data |
| 10 | 10 Iceland | 0.37 | 2023 | 0% | -5.59% | View data |
