In 2023, Italy reported the highest number of young high-growth enterprises (gazelles) in the sector, with 27 enterprises. This represents a 17.61% increase from the previous year. Portugal, with 17 gazelles, saw a similar 17.78% rise. Conversely, Hungary experienced a significant decline of 37.91%. Lithuania observed a notable increase of 37.97%, while Slovakia, Latvia, and Norway reported no change in the number of gazelles, each maintaining a static figure.
Future trends to watch include:
- Potential growth opportunities in emerging markets, driven by evolving consumer preferences and innovation in food technologies.
- The impact of regulatory changes, especially in EU policies on sustainability and food safety, potentially affecting enterprise expansion and growth rates.
- Industry consolidation trends, as mature companies may acquire high-growth startups to bolster their market position and technological capabilities.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Food, Beverages and Tobacco Retail in Specialised Stores by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 27 | 2023 | +22.73% | +17.61% | View data |
| 2 | 2 Portugal | 17 | 2023 | +30.77% | +17.78% | View data |
| 3 | 3 Hungary | 6 | 2023 | -60% | -37.91% | View data |
| 4 | 4 Lithuania | 5 | 2023 | +25% | +37.97% | View data |
| 5 | 5 Slovakia | 4 | 2023 | +33.33% | 0% | View data |
| 6 | 6 Latvia | 1 | 2023 | 0% | View data | |
| 7 | 7 Norway | 1 | 2023 | 0% | 0% | View data |
