The analysis of high-growth enterprises in European specialized stores for food, beverages, and tobacco in 2023 reveals varied trends across countries. Hungary leads significantly with 510 enterprises, showcasing a 28.78% year-on-year increase. Italy and Portugal also demonstrate growth, with increments of 3.42% and 6.93%, respectively. Conversely, Latvia and Iceland show a decline, with reductions of 6.51% and 5.59%. Over the past five years, the compound annual growth rate highlights a growing trend, particularly notable in Hungary and Lithuania, while Northern European nations demonstrate weaker performance.
Future trends to watch for:
- Growth continuity in Eastern Europe, driven by market demands and innovation.
- Potential stabilization in Nordic countries, compensating recent declines.
- Impact of sustainability practices and regulatory changes influencing growth patterns in the sector across Europe.
- Technological advancements and digital transformation shaping the competitive landscape and expansion potential for specialized retail stores.
Top countries in Number of High Growth Enterprises in Food, Beverages and Tobacco Retail in Specialised Stores by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 510 | 2023 | +21.14% | +28.78% | View data |
| 2 | 2 Italy | 97 | 2023 | -1.02% | +3.42% | View data |
| 3 | 3 Portugal | 65 | 2023 | +8.33% | +6.93% | View data |
| 4 | 4 Romania | 46 | 2023 | +12.2% | +3.36% | View data |
| 5 | 5 Czech Republic | 38 | 2023 | +15.15% | +5.55% | View data |
| 6 | 6 Slovakia | 24 | 2023 | +14.29% | +7.14% | View data |
| 7 | 7 Lithuania | 16 | 2023 | +6.67% | +14.87% | View data |
| 8 | 8 Norway | 9 | 2023 | +12.5% | +8.45% | View data |
| 9 | 9 Latvia | 5 | 2023 | -16.67% | -6.51% | View data |
| 10 | 10 Iceland | 3 | 2023 | 0% | -5.59% | View data |
