The food and beverage service activities sector in Denmark has shown a general upward trend from 2013 to 2023, with significant fluctuations. In 2023, the sector's value stood at 54.89 billion Danish Krones. The year-on-year variation indicated a positive growth rate, with the value increasing by 6.47% in 2023. Over the past five years, the sector's CAGR was 2.89%, reflecting moderate growth.
Future trends suggest continued growth in the sector, with forecasts predicting values reaching 64.23 billion Danish Krones by 2028. This represents a compound annual growth rate of 2.49% over the next five years. The growth rate from 2024 to 2028 is anticipated to be approximately 13.09%.
Important future trends to watch for include the impact of technological advancements, changes in consumer preferences towards sustainable and healthy options, and the effects of economic fluctuations on dining out behaviors. Additionally, digital innovations in delivery and service efficiency are expected to play a significant role in shaping the industry's future landscape.