From 2013 to 2023, the production volumes of food and beverage service activities in Finland showed a varying growth pattern. The value stood at 6.77 Billion Euros in 2023. Initially, there was a decline in 2013 and 2014, but a recovery phase followed from 2015 onwards, maintaining a steady upward trend. Between 2022 and 2023, the year-on-year growth was 1.07%, continuing a pattern of modest increase. Over the last five years, the Compound Annual Growth Rate (CAGR) was 0.89%, indicating a gradual but consistent growth.
Future trends to watch for:
- Between 2024 and 2028, the forecasted five-year CAGR is 0.77%, suggesting a stable growth with a slight slowdown compared to the last five years.
- Technological advancements and changing consumer preferences may further influence market dynamics.
- Sustainability and health-centric products could play a significant role in shaping future growth.