The European number of young high-growth enterprises in beverages manufacturing showed Hungary and the Czech Republic leading in 2023, each with six gazelles. This was followed by Romania and Italy, both having three such enterprises, while Latvia had one. Compared to the previous year, Hungary saw a dramatic growth of 43.1%, while Italy increased by 24.57%. In contrast, the Czech Republic experienced a modest increase of 3.71%, and Romania's growth was at 8.45%, with Latvia showing no change. Over the past five years, the sector has experienced notable growth.
Future trends to watch:
- Continued focus on sustainability and innovation in beverages manufacturing could increase the number of gazelles.
- Economic policies and trade agreements within the EU might impact growth dynamics differently across member states.
- Technological advancements and digital transformation might further fuel high growth in this sector.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Beverages Manufacturing by Country
| # | 5 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 6 | 2023 | 0% | +43.1% | View data |
| 2 | 2 Czech Republic | 6 | 2023 | +50% | +3.71% | View data |
| 3 | 3 Romania | 3 | 2023 | +50% | +8.45% | View data |
| 4 | 4 Italy | 3 | 2023 | 0% | +24.57% | View data |
| 5 | 5 Latvia | 1 | 2023 | 0% | View data |
