The Finnish restaurants and mobile food service activities sector exhibited a steady growth from 2013 to 2017, accentuated by a robust year-on-year growth of 7.17% in 2017. The sector reached a value of 4.02 Billion Euros in 2017. However, the COVID-19 pandemic led to a significant decrease in 2020, where a 17.14% decline was observed. The sector rebounded in 2021 with a 13.72% increase, continuing its upward trajectory into 2023, which stood at 4.82 Billion Euros, marking a 6.4% year-on-year increase.
Despite fluctuations, the sector demonstrated resilience with an average annual growth (CAGR) of 2.68% over the last five years. Forecasts from 2024 onwards predict a steady growth, with values set to reach 5.4 Billion Euros by 2028, reflecting a 1.8% annual growth rate.
Future Trends to Watch For:
- Continued digital transformation and the rise of mobile ordering and delivery services.
- Sustainability trends influencing menu offerings and operational practices.
- Potential economic fluctuations impacting consumer spending in the hospitality sector.
- Innovations in culinary experiences and increased focus on health and wellness choices.
