The Household Expenditure on Catering Services in the Netherlands has shown a general upward trend from 2013 to 2019, with steady year-on-year growth rates varying between 4.85% and 6.79%. However, 2020 saw a significant 35.18% decline in expenditure, likely due to the COVID-19 pandemic. The recovery phase began in 2021 with a 10.58% growth, peaking dramatically in 2022 with a 56.96% increase. This was followed by a contraction of 17.27% in 2023, settling the value at approximately 21.76 Billion Euros.
The forecast for the period from 2024 to 2028 predicts a moderate annual growth, with a projected CAGR of 1.2% indicating stable but modest increase. It's anticipated that the expenditure will gradually climb to 23.47 Billion Euros by 2028.
Future trends to watch for include:
- Impact of economic recovery post-COVID-19 on consumer spending habits.
- Influence of inflation and cost of living on discretionary spending.
- Shift towards sustainable and health-oriented catering services.
