In 2023, Italy led with 368 young high-growth enterprises in the restaurant and mobile food service sector, marking a 25.54% increase from the previous year. Hungary followed with 242 enterprises, also showing substantial growth at 25.09%. Portugal registered 217 enterprises, a 13.74% increase. Other notable increases occurred in Romania (10.35%) and the Czech Republic (6.35%). Smaller markets like Latvia, despite having fewer enterprises, saw a significant 31.95% increase. Future growth trends will likely see continued expansion in these markets, driven by increased consumer spending, technological integration, and varied culinary offerings fostering vibrant startup ecosystems.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Restaurants and Mobile Food Service Activities by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 368 | 2023 | +42.64% | +25.54% | View data |
| 2 | 2 Hungary | 242 | 2023 | +25.39% | +25.09% | View data |
| 3 | 3 Portugal | 217 | 2023 | +30.72% | +13.74% | View data |
| 4 | 4 Romania | 108 | 2023 | +30.12% | +10.35% | View data |
| 5 | 5 Czech Republic | 83 | 2023 | +27.69% | +6.35% | View data |
| 6 | 6 Lithuania | 67 | 2023 | +21.82% | +2.58% | View data |
| 7 | 7 Slovakia | 18 | 2023 | +20% | +5.15% | View data |
| 8 | 8 Latvia | 12 | 2023 | +20% | +31.95% | View data |
| 9 | 9 Norway | 6 | 2023 | +50% | +24.57% | View data |
| 10 | 10 Iceland | 6 | 2023 | +20% | +4.66% | View data |
