The European landscape of high-growth enterprises in the food products sector is led by Italy with a sizeable share of 31.68% in 2024. Hungary follows with 16.41%, showcasing notable year-on-year growth of 8.94% in 2023. Portugal, despite accounting for 13.17%, saw a modest rise of 3.1%, while Romania's 10.37% share grew by 2.89%. The Czech Republic and Lithuania experienced growth at 2.76% and 1.08%, respectively. Slovakia's share increased by 3.33%, whereas Iceland and Norway, though smaller contributors, exhibited upward trends at 20.11% and 1.97%, respectively. The five-year CAGR indicates stable growth across these countries.
Future trends to monitor include the impact of sustainability initiatives on market dynamics, as well as technological innovations driving efficiency and product differentiation. Additionally, the shift toward plant-based food products and related consumer preferences could reshape the distribution of high-growth enterprises across these countries. Keep an eye on regulatory changes within the EU that may influence market conditions and entrepreneurial opportunities in the food sector.
Top countries in Number of High Growth Enterprises in Food Products Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 31.68 | 2023 | +7.57% | +1.55% | View data |
| 2 | 2 Hungary | 16.41 | 2023 | +14.08% | +8.94% | View data |
| 3 | 3 Portugal | 13.17 | 2023 | +14.84% | +3.1% | View data |
| 4 | 4 Romania | 10.37 | 2023 | +11.3% | +2.89% | View data |
| 5 | 5 Czech Republic | 8.91 | 2023 | +7.84% | +2.76% | View data |
| 6 | 6 Lithuania | 4.66 | 2023 | +4.55% | +1.08% | View data |
| 7 | 7 Slovakia | 3.48 | 2023 | +3.61% | +3.33% | View data |
| 8 | 8 Iceland | 2.23 | 2023 | +10% | +20.11% | View data |
| 9 | 9 Norway | 1.74 | 2023 | +2.38% | +1.97% | View data |
