Forecast: Turnover of Event Catering and Other Food Service Activities in Finland

Over the years, the turnover of Event Catering and Other Food Service Activities in Finland has demonstrated considerable fluctuations. Between 2013 and 2017, the market witnessed moderate growth with occasional dips. The turnover saw a substantial decline of 45% in 2020 due to the pandemic, but it rebounded significantly in 2021 and 2022. As of 2023, the turnover stood at 1150 million euros, reflecting a year-on-year increase of 13.44% and a 5-year CAGR of 2.78%.

Looking forward, the market is expected to continue its recovery and growth trend, with forecasted turnovers rising steadily from 1190 million euros in 2024 to 1300 million euros by 2028. The average annual growth rate over the next five years is expected to be 1.86%, indicating a stable yet moderate increase.

Future trends to watch for include:

• Potential impacts of economic fluctuations and inflation on disposable incomes and consumer spending on event catering services.
• Technology adoption in food service operations, enhancing efficiency and customer experience.
• Shifts in consumer preferences towards sustainable and locally-sourced food options.
• Recovery pace and resilience post-pandemic impacting the service industry.