The event catering sector in Germany has exhibited a strong upward trend over the past decade, growing from 1.35 billion euros in 2013 to 4.94 billion euros in 2023. This reflects a significant increase in market production, particularly noticeable with a rapid recovery in 2021 after a dip in 2020 due to the pandemic. The year-on-year growth between 2022 and 2023 was 18.18%, and the average annual growth rate (CAGR) over the last five years has been 5.88%. Looking ahead, the sector is expected to continue expanding with a forecasted five-year CAGR of 4.54%, anticipating the market to reach 6.59 billion euros by 2028.
Future trends to watch for include:
- Technological advancements in catering logistics and service delivery.
- Increased demand for sustainable and environmentally friendly catering options.
- Growth in digital and hybrid event formats, necessitating innovative catering solutions.
- Continued recovery and growth in the post-pandemic event landscape.