In 2023, Italy boasted the highest share of young high-growth enterprises (gazelles) in the food products sector among the surveyed European countries, with 29.75 units. Hungary followed at 20.74, while Romania and Portugal also had significant shares at 14.88 and 14.43, respectively. Smaller players included the Czech Republic and Lithuania, each at 8.11, with Slovakia slightly below them at 7.21. Latvia and Iceland had the lowest shares, each recording 0.45 units. Year-on-year variations highlight Hungary's notable growth of 25.12%, while Latvia saw a sharp decline of 19.73%.
Future trends to watch in this area include:
- Potential market leveraging by Italy due to its leading position and stable growth rate.
- Continued acceleration in Hungary driven by aggressive market strategies.
- The possibility of emerging markets like Romania and Portugal capitalizing on regional trade agreements.
- Innovation and technology adoption as key differentiators in competitive markets.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food Products Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.75 | 2023 | +13.79% | +11.1% | View data |
| 2 | 2 Hungary | 20.74 | 2023 | +15% | +25.12% | View data |
| 3 | 3 Romania | 14.88 | 2023 | +17.86% | +3.34% | View data |
| 4 | 4 Portugal | 14.43 | 2023 | +18.52% | +5.49% | View data |
| 5 | 5 Czech Republic | 8.11 | 2023 | +5.88% | 0% | View data |
| 6 | 6 Lithuania | 8.11 | 2023 | +20% | +6.72% | View data |
| 7 | 7 Slovakia | 7.21 | 2023 | +23.08% | +7.78% | View data |
| 8 | 8 Latvia | 0.45 | 2023 | 0% | -19.73% | View data |
| 9 | 9 Iceland | 0.45 | 2023 | 0% | 0% | View data |
