Forecast: Employment in Food and Beverage Service Activities Sector in Italy

The employment in the Food and Beverage Service Activities sector in Italy has seen significant fluctuations over the years. Between 2013 and 2023, employment displayed a mixed trend with both significant drops and recoveries. Notably, 2020 experienced a sharp decline of -37.15% primarily due to the pandemic but rebounded by 2021 and continued to rise, reaching 540.01 thousand full-time equivalent (FTE) jobs in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 0.36%, indicating a moderate recovery trend.

The forecast from 2024 to 2028 predicts a steady increase in employment, with projected figures reaching 553.12 thousand FTE by 2028. The forecasted CAGR over these five years is 0.38%, suggesting a gradual growth rate of approximately 1.92% over the period.

Future trends to watch for include:

  • Impact of evolving consumer preferences towards healthier and sustainable food options which could drive job creation in these areas.
  • The role of technological advancements and automation in reshaping job roles within the sector.
  • Potential effects of economic policies and labor market reforms on employment levels.

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