The employment in the Restaurants and Mobile Food Service Activities sector in Sweden has seen varied trends over the years. From 2013 to 2019, the sector exhibited a general upward trend, peaking in 2018 with minor fluctuations. The year 2020 marked a significant decline, likely due to the COVID-19 pandemic's impact, with a noticeable drop of 11.71%. However, the sector showed resilience, rebounding with a 11.19% increase in 2021, continuing to grow steadily through 2023.
In 2023, the sector stood at 115.76 thousand Full-Time Equivalents (FTE), witnessing a year-on-year growth of 6.33% and a compound annual growth rate (CAGR) of 2.24% over the last five years. The future forecasts project continued growth, albeit at a slightly moderated pace with a forecasted 5-year CAGR of 2.61%, culminating in a 13.76% total growth by 2028.
Future trends to watch for:
- Technological advancements in food service and delivery systems.
- Changing consumer preferences towards sustainable and health-conscious dining options.
- Potential impacts of economic fluctuations and regulatory changes on the sector.
- The role of automation and digital transformation in streamlining operations and reducing labor costs.
