The production value of food and beverage services in Denmark has demonstrated a general upward trend from 2013 to 2023, reaching €7.29 billion in 2023. Notable spikes include a 13.31% increase in 2017 and a 10.28% rise in 2015. The industry faced a significant downturn of -13.19% in 2020, attributed to the COVID-19 pandemic. However, recovery followed, with a notable 11.96% increase in 2021 and a consistent growth pattern afterward. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 is 2.69%.
Projections from 2024 to 2028 forecast sustainability in the growth trend, with an expected CAGR of 1.98% and an aggregate growth rate of 10.33%. The production value is anticipated to reach €8.29 billion by 2028, highlighting steady, albeit slower, growth.
Future trends to watch for include potential impacts from changes in consumer behavior, technological advancements in food and beverage delivery, and evolving regulatory landscapes. Environmental sustainability and health consciousness are likely to drive innovation and new market opportunities in the sector.