In 2023, Italy led with 17 gazelles in the event catering and other food service sectors. The Czech Republic and Hungary showed significant growth with 31.95% and 24.57% year-on-year increases, respectively. Portugal and Lithuania also saw positive trends, while Latvia and Norway remained stable. Romania and Slovakia experienced a decline, each losing 12.94%. Latvia, despite no change, had only four gazelles.
Future trends to monitor include:
- Potential growth in the Czech Republic and Hungary, considering high recent gains.
- Italy’s capability to maintain its lead.
- Impact of economic and policy changes on declining markets like Romania and Slovakia.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Event Catering and Other Food Service Activities by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 17 | 2023 | +13.33% | +1.22% | View data |
| 2 | 2 Hungary | 15 | 2023 | +36.36% | +24.57% | View data |
| 3 | 3 Portugal | 5 | 2023 | +25% | +7.39% | View data |
| 4 | 4 Latvia | 4 | 2023 | +33.33% | View data | |
| 5 | 5 Czech Republic | 4 | 2023 | +33.33% | +31.95% | View data |
| 6 | 6 Lithuania | 3 | 2023 | 0% | +8.45% | View data |
| 7 | 7 Romania | 1 | 2023 | -50% | -12.94% | View data |
| 8 | 8 Norway | 1 | 2023 | 0% | 0% | View data |
| 9 | 9 Slovakia | 1 | 2023 | 0% | -12.94% | View data |
