The turnover of Restaurants and Mobile Food Service Activities in Finland exhibited a steady increase from 2013 (3.44 billion Euros) to 2019 (4.4 billion Euros). However, in 2020, there was a significant drop of 18.05% due to the impact of the COVID-19 pandemic, reducing turnover to 3.6 billion Euros. The market rebounded in the following years, reaching 4.11 billion Euros in 2021 and continuing to grow through 2023 (4.76 billion Euros). The compound annual growth rate (CAGR) over the past five years (2019-2023) stands at 2.46%.

Forecasts from 2024 to 2028 suggest a continued upward trend, with an expected CAGR of 1.8%, leading to a turnover of 5.33 billion Euros by 2028. This indicates a 9.31% growth over the five-year forecast period.

Future Trends to Watch For:

The impact of rising consumer demand for healthier and locally-sourced food options.
Technological advancements facilitating faster and more efficient food service operations.
Potential economic fluctuations and their effect on consumer spending in the restaurant industry.