The European Turnover of Food and Beverage Services in 2023 demonstrates significant growth across most major economies. The United Kingdom leads with a turnover of 93.07 billion euros, followed by France (87.93 billion euros) and Germany (80.94 billion euros). Europe's smaller economies such as Malta and Macedonia see modest figures at 0.7821 and 0.318 billion euros respectively.
The past two years have shown varied year-on-year growth. Countries like Poland (8.66%), Romania (8.81%), and Serbia (15.91%) exhibit strong growth, while Iceland experiences a decline of 3.51%. The average annual growth over the past five years indicates a robust increase for many countries, suggesting sustained demand in the food and beverage sector.
Future trends to watch include continued expansion in Eastern Europe, driven by rising disposable incomes and changing consumer habits. Western European countries can expect stable growth with potential disruptions from new market entrants and evolving food technologies. Cross-border investments and innovations in sustainable practices could further influence market dynamics.
Top countries in Turnover of Food and Beverage Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 93,070 | 2023 | +1.46% | +1.6% | View data |
| 2 | 2 France | 87,930 | 2023 | +9.12% | +3.06% | View data |
| 3 | 3 Germany | 80,940 | 2023 | +13.26% | +3.62% | View data |
| 4 | 4 Italy | 66,050 | 2023 | +9.35% | +1.5% | View data |
| 5 | 5 Spain | 61,410 | 2023 | +13% | +3.68% | View data |
| 6 | 6 Netherlands | 23,700 | 2023 | +11.25% | +3.57% | View data |
| 7 | 7 Belgium | 16,840 | 2023 | +12.64% | +4.42% | View data |
| 8 | 8 Switzerland | 15,260 | 2023 | +7.71% | +2.64% | View data |
| 9 | 9 Sweden | 13,570 | 2023 | +6.12% | +2.93% | View data |
| 10 | 10 Poland | 13,410 | 2023 | +14.46% | +8.66% | View data |
