The forecast for the value added in Brazil's event catering and other food service activities sector shows a steady growth from 2024 to 2028, starting at 14.38 billion Brazilian Reals in 2024 and reaching 15.85 billion in 2028. This indicates a compound annual growth rate (CAGR) of approximately 2.5% over this five-year period.
Key future trends to watch include:
- Increasing demand for personalized and themed events which could drive sector innovation.
- Potential growth opportunities in digital catering solutions and virtual event adaptations, influenced by ongoing technological advancements.
- Sustainability trends influencing menu offerings and service approaches.
- Economic shifts and consumer confidence that may impact disposable income and spending on events.