The production value of food and beverage services in Sweden stood at 13.6 billion euros in 2023. Reflecting on a broader temporal range, the sector experienced modest growth from 2013 to 2019, with a notable dip in 2020 due to pandemic-induced disruptions. The value rebounded significantly in 2021, indicating resilience in the face of economic challenges. Over the last two years, the industry witnessed a solid year-on-year growth rate of around 6%. With a 5-year average compound annual growth rate (CAGR) prior to 2024 standing at 3.01%, future projections suggest a more tempered yet stable growth, with a forecasted 5-year CAGR of 2.37% leading to 2028.
Key future trends to watch for include the continuous recovery of the sector post-pandemic, digital innovation in food services, and evolving consumer preferences towards healthier and sustainable food options. These factors are likely to shape the growth trajectory and competitive dynamics of Sweden's food and beverage industry in the upcoming years.