The turnover of Food and Beverage Services in Finland has shown a generally upward trend from 2013 to 2023. There were noticeable year-on-year increases, especially in 2016 and 2017 with growth rates of 5.87% and 6.22% respectively. A significant dip occurred in 2020 due to the pandemic, with a drop of 23.27%. However, recovery was swift with a substantial 17.86% increase in 2021 and continued growth, reaching 6.22 billion euros in 2023. Over the past five years, the CAGR averaged 2.17%, indicating steady growth.
The forecast from 2024 onwards predicts steady growth, with an annual CAGR of 1.56% anticipated over the next five years, leading to an 8.07% total increase by 2028.
Future trends to watch for include:
- Impact of economic factors on consumer spending behavior.
- Innovation in food and beverage services, including technology integration.
- Changes in consumer preferences towards healthier and sustainable options.
- Potential new disruptions from global events or economic downturns.
- Adaptation to new regulatory standards within the EU.
