From 2013 to 2019, the production of food and beverage service activities in Sweden steadily increased, achieving a Compound Annual Growth Rate (CAGR) of approximately 6%. This growth trajectory was disrupted in 2020 by a severe decline of 42.35% due to the global pandemic, followed by a robust recovery in 2021 with a 65.49% increase. However, the growth rate stabilized at 2.69% by 2023, reaching a value of 139.21 billion Swedish Kronas.
Looking ahead to future trends:
- The forecasted 5-year CAGR is projected to be around 2.05%, with an overall 10.7% growth rate expected by 2028.
- The industry should monitor changing consumer preferences, sustainability practices, and advancements in technology.
