The food services employment in Sweden has seen a sharp decline from 2013 to 2023. The figures dropped dramatically by 48.42% between 2014 and 2015 and continued a downward trajectory, albeit with occasional minor recoveries. Notably, 2020 saw a significant drop of 15.76%, likely driven by the COVID-19 pandemic. By 2023, the sector stands at 14.64 thousand employees, reflecting a continual decline over the years. Over the last five years, the Compound Annual Growth Rate (CAGR) stands at -4.48%, signifying a steady reduction in employment rates.
Looking ahead, from 2024 to 2028, the trend is expected to continue with a forecasted 5-year CAGR of -8.48%, leading to an estimated workforce of merely 8.61 thousand by 2028. This represents a projected growth rate decline of 35.79% over the period, emphasizing the sector's vulnerability and the need for adaptive strategies to sustain employment levels.
Future trends to watch for include the impact of technological advancements in food services, evolving consumer preferences, and potential regulatory changes. Additionally, the aftermath of the COVID-19 pandemic and economic recovery plans will play critical roles in shaping the employment landscape in this sector.
