The restaurant and mobile food service activities in Italy have shown significant growth from 2013 to 2019, with a peak in 2019 at 40.18 billion Euros. However, the industry faced a severe downturn in 2020, with turnover dropping by -36.69% due to the impact of the COVID-19 pandemic. Recovery began in 2021, with a noteworthy 31.94% growth, followed by a sustained increase, reaching 42.93 billion Euros in 2023. The year-on-year growth for 2023 was 10.26%, with a CAGR of 2.84% over the last five years.
Future projections suggest continued growth, with turnover expected to reach 47.36 billion Euros by 2028. The forecasted five-year CAGR stands at 1.56%, indicating a more moderate but steady growth rate compared to recent years.
Trends to watch for include:
- Digital transformation and the impact of technology on restaurant operations.
- Changes in consumer behavior post-pandemic, with a focus on safety and hygiene.
- Growth of mobile and delivery-based food services.
- Trend towards sustainable and locally sourced ingredients.
