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.