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Restaurants & Takeaways in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 561 November 2024 Spotlight Report

Revenue

€339.6bn

2019-2024 8.0 %
2024-2029 X.X %

Employees

6m

2019-2024 0.3 %
2024-2029 X.X %

Businesses

1m

2019-2024 0.2 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Restaurants & Takeaways in Europe industry analysis

The European restaurants and takeaways market has enjoyed strong demand from consumers seeking varied dining options to suit their busy lifestyles. There’s a huge number of food establishments for consumers to visit, providing various cuisines from all over the world. However, the impact of the COVID-19 outbreak and a challenging economic climate in the years since has suppressed spending on restaurants and takeaways. Revenue is forecast to contract at a compound annual rate of 8% over the five years through 2024 to €339.6 billion, including an expected 4% drop in 2024.

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Industry Statistics and Trends

Restaurants & Takeaways in Europe key trends

COVID-19 eats away at revenue.

 

Restrictions on dine-in service decimated revenue for full-service restaurants, but demand for takeaways boomed as consumers spent a lot of time at home.

Consumer preferences for convenient, varied food options grow.

 

Ordering food online has become very popular as consumers seek quick, convenient and healthier food, including meat-free and organic options.

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Restaurants & Takeaways in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Restaurants & Takeaways in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 8.0 % over the past five years, to reach an estimated €339.6bn in 2024.

Trends and Insights

European consumers are accustomed to eating out

  • The European restaurants and takeaways scene is very advanced. Busy lifestyles coupled with healthy income levels support consumer spending on dining out.

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Restaurants & Takeaways in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Consumer appetite for out-of-home food swells as economic conditions improve

  • As the economic climate improves over the coming years, with inflationary pressures expected to ease, consumer sentiment and disposable incomes will inch upwards, fuelling spending on eating out at restaurants and ordering takeaways.

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Revenue

€339.6bn

2019-2024 8.0 %
2024-2029 X.X %

Employees

6m

2019-2024 0.3 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.3 % *
  • Job Growth

Top 5 Countries

  1. Bosnia & Herzegovina +6.2%
  2. Malta +4.9%
  3. Luxembourg +2.7%
  4. Switzerland +1.9%
  5. Italy +1.9%

Bottom 5 Countries

  1. Belgium -2.5%
  2. Bulgaria -2.3%
  3. Czechia -1.3%
  4. Germany -0.5%
  5. Greece -0.1%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Restaurants & Takeaways in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
MCD Europe Ltd
25,343.5
9,455.8
37.3
Yum! Restaurant Holdings
7,206.2
2,206.8
30.6
Subway International BV
17,322.0
4,330.5
25.0

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Restaurants & Takeaways in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Restaurants & Takeaways industry in Europe in 2024?

The market size of the Restaurants & Takeaways industry in Europe is €339.6bn in 2024.

How many businesses are there in the Restaurants & Takeaways in Europe industry in 2024?

There are 1m businesses in the Restaurants & Takeaways industry in Europe, which has grown at a CAGR of 0.2 % between 2019 and 2024.

Has the Restaurants & Takeaways industry in Europe grown or declined over the past 5 years?

The market size of the Restaurants & Takeaways industry in Europe has been declining at a CAGR of 8.0 % between 2019 and 2024.

What is the forecast growth of the Restaurants & Takeaways industry in Europe over the next 5 years?

Over the next five years, the Restaurants & Takeaways industry in Europe is expected to grow.

What does the Restaurants & Takeaways in Europe include?

Full-service restaurants and Fast-food restaurants are part of the Restaurants & Takeaways industry.

Which countries have the most businesses in the Restaurants & Takeaways industry in Europe?

The European country with the most businesses in the Restaurants & Takeaways industry is Italy.

How competitive is the Restaurants & Takeaways industry in Europe?

The level of competition is high and increasing in the Restaurants & Takeaways industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry provide food services to customers, whether they’re served while seated or serve themselves from a display of items. The industry includes the consumption of meals on the premises, food delivery and takeaway orders. It covers full-service restaurants, fast-food restaurants, mobile food carts and establishments selling prepared takeaway meals.

Related Terms

TAKEAWAYSFAST FOODFULL-SERVICE RESTAURANTS

What's included in this industry?

Full-service restaurantsFast-food restaurantsTakeaway restaurantsMobile food stands

Companies

MCD Europe LtdYum! Restaurant HoldingsSubway International BV

Industry Code

ISIC 2006

561 - Restaurants and mobile food service activities in Europe

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Performance

Key Takeaways

European consumers are accustomed to eating out

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Restaurants & Takeaways in Europe industry (2011 -2029)
  • Employees in the Restaurants & Takeaways in Europe industry (2011 -2029)
  • Business in the Restaurants & Takeaways in Europe industry (2011 -2029)
  • Profit in the Restaurants & Takeaways in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Restaurants & Takeaways in Europe industry?


Outlook

Analysis

What's driving the Restaurants & Takeaways in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Restaurants & Takeaways in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Restaurants & Takeaways in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Takeaways enjoy an online ordering boom during the pandemic. While restaurants faced restrictions that left them unable to generate dine-in revenue, takeaways continued to operate, seeing their sales climb as people stuck at home looked to treat themselves.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Restaurants & Takeaways in Europe industry's products and services performing?

Analysis

What are innovations in the Restaurants & Takeaways in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Restaurants & Takeaways in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Importer
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The presence of independent outlets keeps the market fragmented. Despite the presence of big-name fast-food chains like McDonald’s, Subway and Burger King, there are many smaller, independent restaurants and takeaways throughout Europe.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for MCD Europe Ltd
  • Countries of operation for Yum! Restaurant Holdings
  • Countries of operation for Subway International BV
  • Countries of operation for Burger King Europe GmbH
  • Countries of operation for Domino's Pizza Group plc
  • Countries of operation for Food Delivery Brands SA
  • Countries of operation for NORDSEE GmbH
  • Countries of operation for Supermac’s (Holdings) Ltd
  • Countries of operation for Abrakebabra Investments Ltd
  • Countries of operation for DP Global Group Ltd

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Restaurants and takeaways must comply with specific food rules. Food establishments have to follow rules on food preparation, storage and waste, alongside rules on labelling of foods containing any of the 14 most common allergens, including eggs, peanuts and molluscs.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Restaurants & Takeaways in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

The COVID-19 outbreak takes a toll on profitability. Strict restrictions during the pandemic left restaurants unable to generate revenue from dine-in service, cutting sales and eating into profit.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Restaurants & Takeaways in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.