In Italy, the Production in Restaurants and Mobile Food Service Activities sector exhibited steady growth from 2013 to 2019, achieving a Compound Annual Growth Rate (CAGR) of 4.33% by 2017 and 8.08% by 2019. The sector experienced a sharp decline in 2020 due to the pandemic, with a 33.6% year-on-year decrease. However, it rebounded significantly in 2021 with a 30.22% increase, followed by a continued upward trend reaching 44.57 Billion Euros in value by 2023, a year-on-year increase of 11.05%. Forecasts indicate consistent growth through 2028, with an expected CAGR of 2.46% over the next five years.
Future trends to watch for include:
- Expansion in delivery and take-away services bolstered by advancements in digital ordering platforms.
- An increase in health-conscious dining options to cater to evolving consumer preferences.
- Adoption of sustainable practices and locally sourced ingredients to align with environmental concerns.
- Integration of innovative experiences such as themed dining and interactive culinary events to attract a diverse clientele.
