The Event Catering sector in Spain experienced fluctuations from 2016 to 2023, starting at 43.21 thousand employees in 2016 and declining steadily to 33.9 thousand in 2023. Significant drops were observed in 2019 (-20.68%) and 2020 (-10.46%) due to the pandemic. Post-2020, the sector showed a slight recovery in 2021 (+7.79%) but continued to decline modestly in 2022 and 2023 with a Compound Annual Growth Rate (CAGR) of -1.34% and -1.73% respectively.
Looking ahead, the forecast from 2024 to 2028 projects a continued downward trend with a projected CAGR of -3.39%, suggesting a 15.83% decline over the next five years, reaching an estimated 27.42 thousand employees by 2028.
Future trends to watch for include potential impacts of technological advancement on reducing workforce needs, changes in consumer preferences post-pandemic, and the potential emergence of new business models in event catering that may either mitigate or exacerbate employment declines in the sector.
