In 2023, Hungary led with 24 young high-growth enterprises in the food, beverages, and tobacco wholesale sector, showing a robust 14.87% increase year-on-year. Italy ranked second, albeit with a 6.97% decline. Romania's enterprises grew by 4.94%, while Portugal and Slovakia experienced significant decreases, 12.94% and 14.87% respectively. The Czech Republic had a notable decrease of 27.52%, and Iceland's number remained constant.
Future trends to watch for:
- Potential policy changes impacting enterprise growth across the region.
- Emerging markets within Eastern Europe may influence the dynamics of enterprise numbers.
- Shifts in consumer behavior towards food and beverage consumption could drive further growth or decline.
- Increasing focus on sustainable and innovative practices may create opportunities for new gazelles.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food, Beverages and Tobacco Wholesale by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 24 | 2023 | +14.29% | +14.87% | View data |
| 2 | 2 Italy | 23 | 2023 | 0% | -6.97% | View data |
| 3 | 3 Romania | 14 | 2023 | +16.67% | +4.94% | View data |
| 4 | 4 Portugal | 3 | 2023 | 0% | -12.94% | View data |
| 5 | 5 Slovakia | 2 | 2023 | 0% | +14.87% | View data |
| 6 | 6 Czech Republic | 1 | 2023 | -50% | -27.52% | View data |
| 7 | 7 Iceland | 1 | 2023 | 0% | View data |
