The Beverage Serving Activities sector in the Netherlands experienced varied performance from 2013 to 2023. The period until 2020 saw moderate growth with steady year-on-year increases, reaching a peak in 2018. The COVID-19 pandemic in 2020 drastically impacted production, leading to a significant decline of 36.01%. Post-pandemic recovery began in 2021 and continued through 2022, with the sector regaining momentum and surpassing pre-pandemic production levels by 2023 with a value of 3.52 billion euros, marking an 8.64% increase over the previous year. The five-year CAGR from 2019 to 2023 is 0.41%, reflecting modest annual growth.
Future trends to watch for:
- Projected steady growth from 2024 to 2028, with an average annual growth rate of 0.46%.
- Continued recovery and stabilization in post-pandemic consumer behavior and spending.
- Impact of potential economic changes and emerging market dynamics on consumer spending in the beverage segment.
- Technological advancements and innovation in service delivery and customer experience.