In 2023, Italy led with 66 high-growth food enterprises, witnessing an 11.1% increase from the previous year. Hungary saw a significant 25.12% rise, totaling 46 enterprises. Romania and Portugal had modest growth rates of 3.34% and 5.49%, respectively. The Czech Republic remained stable, while Lithuania and Slovakia experienced growth around 7%. Latvia and Iceland had the least, with Latvia experiencing a decline of nearly 20%.
Future Trends to Watch:
- Continued focus on sustainable food production may spur growth in eco-friendly gazelles.
- Technological advancements, particularly in food tech, could play a pivotal role in emerging trends.
- EU directives on health and nutrition might influence future enterprise activity.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food Products by Country
| # | 9 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 66 | 2023 | +13.79% | +11.1% | View data |
| 2 | 2 Hungary | 46 | 2023 | +15% | +25.12% | View data |
| 3 | 3 Romania | 33 | 2023 | +17.86% | +3.34% | View data |
| 4 | 4 Portugal | 32 | 2023 | +18.52% | +5.49% | View data |
| 5 | 5 Czech Republic | 18 | 2023 | +5.88% | 0% | View data |
| 6 | 6 Lithuania | 18 | 2023 | +20% | +6.72% | View data |
| 7 | 7 Slovakia | 16 | 2023 | +23.08% | +7.78% | View data |
| 8 | 8 Latvia | 1 | 2023 | 0% | -19.73% | View data |
| 9 | 9 Iceland | 1 | 2023 | 0% | 0% | View data |
