The sector showed varied growth from 2013 to 2022, with notable spikes in years such as 2018 (18.16%) and a decline in 2019 (-1.81%). Recent trends indicate moderate growth, with 2022 and 2023 registering 3.42% and 3.28% increases respectively. The five-year CAGR up to 2023 was 2.13%, while the forecasted five-year CAGR starting from 2023 is 2.27%, indicating sustained expansion.
Future Trends: Future trends to watch include technological advancements, increased digitalization, and evolving consumer behavior driving demand. The employment landscape is expected to expand by 11.88% by 2028, reflecting steady growth in the sector.
