Forecast: Turnover in Restaurants and Mobile Food Service Activities Sector in Denmark

The turnover in the Restaurants and Mobile Food Service Activities sector in Denmark witnessed steady growth from 2013 to 2019, with a peak growth rate of 9.52% in 2015. The sector's performance was significantly impacted by the COVID-19 pandemic in 2020, resulting in a sharp decline of 15.42%. However, the sector rebounded in subsequent years, with notable year-on-year growth rates of 12.17% in 2021 and 7.86% in 2022. As of 2023, the turnover stood at 34.59 billion Danish Krones, representing a 5.88% increase from the previous year. The compound annual growth rate (CAGR) over the last five years stands at approximately 2.18%.

Looking forward, the forecast indicates a moderate but steady growth trend, with the turnover expected to reach 38.87 billion Danish Krones by 2028. The forecasted five-year CAGR stands at 1.85%, with an overall growth rate of 9.59% over the same period. Trends to watch for include digital transformation of food service, changes in consumer behavior towards healthier and sustainable options, and the impact of economic factors on disposable income and dining out frequency.