The 2023 data highlight Hungary, Italy, and Portugal as leaders in the share of young high growth enterprises, known as Gazelles, in food and beverage services within Europe. Hungary leads with a share of 23.82%, followed closely by Italy at 23.56% and Portugal at 23.03%. In 2023, Latvia showed the most significant year-on-year increase of 43.1%, while Norway and Iceland demonstrated growth of 14.87% and 4.66% respectively. The five-year CAGR suggests a steady, though varied, pattern of growth among the listed nations.
Looking forward into 2024 and beyond, it is crucial to monitor how market conditions, consumer preferences, and potential economic policies across Europe could influence the proliferation of Gazelles in food and beverage services. Emerging trends, such as digitalization and sustainability, may further shape the landscape, offering opportunities for new entrants and established companies alike to innovate and grow.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food and Beverage Services Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 23.82 | 2023 | +26.51% | +26.19% | View data |
| 2 | 2 Italy | 23.56 | 2023 | +29.95% | +11.51% | View data |
| 3 | 3 Portugal | 23.03 | 2023 | +31.5% | +13.2% | View data |
| 4 | 4 Romania | 10.95 | 2023 | +30.21% | +9.06% | View data |
| 5 | 5 Czech Republic | 8.06 | 2023 | +26.03% | +7.87% | View data |
| 6 | 6 Lithuania | 7.09 | 2023 | +20.9% | +4.5% | View data |
| 7 | 7 Slovakia | 2.1 | 2023 | +14.29% | +3.71% | View data |
| 8 | 8 Latvia | 1.58 | 2023 | +20% | +43.1% | View data |
| 9 | 9 Norway | 0.53 | 2023 | +20% | +14.87% | View data |
| 10 | 10 Iceland | 0.53 | 2023 | +20% | +4.66% | View data |
