The turnover of Food and Beverage Services in Sweden showed diverse trends over the last decade. From a stable value in 2013 and 2014, there was a gradual increase from 2015 through 2019, with minor fluctuations, notably a decrease in 2019. The significant dip in 2020 by -12.72% reflects the impact of the pandemic. However, recovery started in 2021 with a 17.41% increase, followed by steady growth in 2022 and 2023, which marked a 6.12% increase, bringing the value to 13.53 Billion Euros in 2023. The average year-on-year growth over the last five years (CAGR) stood at 2.93%.
Looking ahead, forecast data from 2024 to 2028 suggests a stable growth trend. With a projected Compound Annual Growth Rate (CAGR) of 2.35% over the next five years, reaching 15.69 Billion Euros by 2028, the market appears poised for consistent expansion.
Future trends to watch for:
- Technological advancements in food delivery services.
- Enhanced focus on sustainability and locally sourced products.
- The impact of economic fluctuations on consumer spending in dining out.
