The analysis of the number of young high growth enterprises (gazelles) in event catering and other food service activities in Europe reveals diverse trends among the countries. In 2023, Italy led with a share of 32.38%, showcasing stability with a modest year-on-year growth of 1.22%. Hungary demonstrated substantial growth, with a 24.57% increase, resulting in a market share of 28.57% by 2023. The Czech Republic also experienced a notable rise of 31.95%. In contrast, countries like Romania and Slovakia witnessed declines of 12.94% each. Overall, Portugal, Latvia, and Lithuania showed moderate to minimal positive changes.
Future trends to watch for suggest that countries like Hungary and the Czech Republic might continue to expand their market presence, driven by their recent high growth percentages. Monitoring technological advancements, consumer preferences, and economic conditions will be crucial for predicting the sustainability of these trends. Italy's market positioning could attract further investments, while countries facing declines may need to innovate or adapt to regain competitive footing in the sector.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Event Catering and Other Food Service Activities Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 32.38 | 2023 | +13.33% | +1.22% | View data |
| 2 | 2 Hungary | 28.57 | 2023 | +36.36% | +24.57% | View data |
| 3 | 3 Portugal | 9.52 | 2023 | +25% | +7.39% | View data |
| 4 | 4 Latvia | 7.62 | 2023 | +33.33% | View data | |
| 5 | 5 Czech Republic | 7.62 | 2023 | +33.33% | +31.95% | View data |
| 6 | 6 Lithuania | 5.71 | 2023 | 0% | +8.45% | View data |
| 7 | 7 Romania | 1.9 | 2023 | -50% | -12.94% | View data |
| 8 | 8 Norway | 1.9 | 2023 | 0% | 0% | View data |
| 9 | 9 Slovakia | 1.9 | 2023 | 0% | -12.94% | View data |
