The European landscape for young high-growth enterprises, or Gazelles, in the food, beverages, and tobacco retail sector shows significant variance by country as of 2023. Italy and Portugal lead the pack, with notable increases of around 17% each. Conversely, Hungary saw a sharp decline of nearly 38%, while Lithuania experienced a robust growth of approximately 38%. Slovakia, Latvia, and Norway exhibited stability with no notable change in their figures.
Future trends to watch include potential growth in Eastern European countries like Lithuania, as they leverage increasing consumer demand and economic improvements. Additionally, technological advancements and regulatory changes could influence the dynamics of the retail sector in specialized stores across Europe.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food, Beverages and Tobacco Retail in Specialised Stores Share by Country (Units (Enterprises))
| # | 7 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.65 | 2023 | +22.73% | +17.61% | View data |
| 2 | 2 Portugal | 30 | 2023 | +30.77% | +17.78% | View data |
| 3 | 3 Hungary | 10.59 | 2023 | -60% | -37.91% | View data |
| 4 | 4 Lithuania | 8.82 | 2023 | +25% | +37.97% | View data |
| 5 | 5 Slovakia | 7.06 | 2023 | +33.33% | 0% | View data |
| 6 | 6 Latvia | 1.76 | 2023 | 0% | View data | |
| 7 | 7 Norway | 1.76 | 2023 | 0% | 0% | View data |
