From 2013 to 2023, the gross investment in the Food and Beverage Service Activities sector in Italy has exhibited significant volatility. The sector experienced substantial growth in 2015 with an increase of 102.88%, but faced notable declines in 2016 (-51.87%) and 2020 (-37.95%). Despite a recovery phase commencing in 2021 with a 67.71% increase, and a stable rise to 2.05 billion euros by 2023, the overall trend remains marked by fluctuations.
From 2020 onwards, we see a recovering trend with a 67.71% year-on-year increase in 2021 and a steady rise until 2023. The last five years (2018-2023) show an average annual growth rate (CAGR) of 0.9%. Forecasts from 2024 to 2028 suggest stable investments at 2.05 billion euros with a flat five-year average growth rate of 0.04%, indicating moderate but stable investment levels in the near future.
Future trends to watch for in the Food and Beverage Service Activities sector include:
- Impact of economic uncertainty and inflation on consumer spending patterns.
- Emerging technology and automation within food services.
- Evolution of consumer preferences towards sustainable and local food options.
- Post-pandemic recovery and adaptation strategies among businesses.