Between 2013 and 2023, the event catering sector in France experienced a fluctuating trend in production value, starting from 2.1 billion Euros in 2013 and standing at 2.45 billion Euros in 2023. The sector saw significant growth spurts, such as in 2016 and 2019, with double-digit year-on-year variations of 11.31% and 10.29%, respectively. However, the COVID-19 pandemic in 2020 led to a severe contraction of 48.11%. Post-pandemic recovery was notable, with a 27.13% rise in 2021 and a subsequent steady increase, reflecting resilience in the sector. The 5-year CAGR up to 2023 stood at -0.35%, indicative of a slow recovery pace.
Looking forward, forecast data from 2024 to 2028 shows a stabilizing trend with moderate growth. The forecasted CAGR over the next five years is 0.93%, and the 5-year growth rate is projected at 4.75%, suggesting a more tempered, yet positive outlook for the sector. Future trends to watch for include potential technological advancements in catering services, a shift towards sustainable and eco-friendly catering practices, and the impact of changing consumer preferences on production values.
