The turnover of restaurants and mobile food service activities in Denmark exhibited a strong growth trajectory from 2013 to 2019, peaking at 4.28 billion Euros in 2019. However, the COVID-19 pandemic led to a sharp decline in 2020, reducing turnover to 3.62 billion Euros. The sector rebounded in 2021, with subsequent growth continuing through 2023, reaching 4.74 billion Euros. The compound annual growth rate (CAGR) from 2018 to 2023 was 2.6%. Future forecasts suggest continued growth, with turnover expected to reach 5.47 billion Euros by 2028, driven by a forecasted 5-year CAGR of 2.29%.
Future trends to watch for:
- Increasing consumer preference for mobile food services and online food delivery
- Adoption of advanced technologies and digital ordering systems by restaurants
- Continued recovery and growth in demand post-COVID-19
- Evolving food safety regulations and sustainability practices
- Innovation in menu offerings catering to health-conscious consumers