The employment in Denmark's food and beverage services sector saw a notable upward trajectory between 2013 and 2023, reaching 129.57 thousand employees in 2023. The initial years saw gradual growth until a surge in 2016, followed by consistent increases except for a significant drop in 2020 due to the COVID-19 pandemic. Post-2020, the sector rebounded at robust rates.

Key Observations:

Steady growth accelerated sharply in 2016 (+77.57%) and stabilized over subsequent years.
2020 saw a notable decline (-12.98%) attributed to pandemic impacts.
2021 and beyond exhibited recovery and growth, with y-o-y variations over 6% through 2023.
Compound Annual Growth Rate (CAGR) over the past 5 years stood at 2.52%.

Future Trends:

Forecasted to continue growing, reaching approximately 154.62 thousand employees by 2028.
Anticipated 5-year CAGR at 2.8%, indicating steady, though moderate, growth.
Key areas to watch include the impact of automation, changes in consumer behavior, and potential economic fluctuations.