The event catering sector in Germany experienced significant growth from 2013 to 2023, reaching a value of EUR 1,400 million in 2023. Over the past decade, the industry showed robust increases, notably between 2016 and 2018. A slight decline appeared in 2020 due to the COVID-19 pandemic, but the sector rebounded strongly in the following years, achieving an impressive annual growth rate of 18.33% in 2023. The 5-year CAGR from 2018 to 2023 is 7.54%, indicating moderate but sustained growth despite pandemic-related disruptions.
Future trends to watch for:
- Steady growth with a forecasted 5-year CAGR of 5.53%, driven by increased demand for large-scale events and corporate catering services post-pandemic.
- Technological integration in catering services, including automation and online ordering systems, enhancing operational efficiency.
- Rising consumer expectations for high-quality, sustainable, and locally sourced food options influencing catering trends.
- Potential market consolidation with increased mergers and acquisitions as larger firms look to expand their market share.
