The food and beverage service activities sector in Sweden has demonstrated a general upward trend in employment from 2013 to 2023, with some fluctuations, including a noticeable dip in 2020 due to the pandemic. Employment stood at 119.66 thousand FTE in 2023. Over the past decade, year-on-year variations reveal periods of moderate growth with brief decline phases, such as the sharp drop in 2020. Since then, the sector has rebounded, showing a steady rise with a 5.66% increase in 2023, and a CAGR of 1.98% over the last five years.
Future trends to watch for include:
- Continued growth driven by recovery post-pandemic.
- An expected steady CAGR of 2.42% forecasted through to 2028.
- Potential impacts from technological advancements and changing consumer behavior.