In 2024, the forecasted turnover in Brazil’s event catering and food service activities sector is 28.46 billion Brazilian Reals, reflecting an upward trend from 2023. The sector is projected to grow by approximately 2.67% year-on-year, as evidenced by a turnover increase to 29.22 billion in 2025. From 2026 to 2028, annual increases are forecasted to be around 2.53%, with the sector reaching 31.41 billion by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.52%.
Future trends to watch include:
- Increased digitalization and use of technology in service delivery.
- A growing focus on sustainability and environmentally friendly practices.
- Potential impacts of economic fluctuations on consumer spending patterns.
- Expansion in the diversity of offerings to cater to changing consumer preferences.
