The turnover of event catering and other food service activities in Germany has exhibited significant growth over the past decade, with a noteworthy increase from €8.47 billion in 2013 to €15.74 billion in 2023. The industry saw varying year-on-year growth rates, peaking at 29.93% in 2021 after a major dip of -35.9% in 2020 due to the pandemic. As of 2023, the turnover shows an increase of 12.38% from the previous year, indicating a strong recovery. The compound annual growth rate (CAGR) over the last five years stands at 4.62%, demonstrating steady progress despite earlier disruptions.
From 2024 onwards, the industry is expected to continue its upward trajectory with a forecasted CAGR of 2.87% over the next five years, culminating in a projected turnover of €18.87 billion by 2028. This forecasted growth underscores a healthy long-term trend but at a slightly moderated pace compared to previous years.
Future trends to watch for include:
- Increasing demand for sustainable and locally-sourced food options
- Greater adoption of digital and technological innovations, such as contactless catering services
- Emphasis on personalized experiences and customization in event catering
- Potential impact of economic fluctuations and geopolitical factors on consumer spending
