The turnover of event catering in Sweden has exhibited fluctuations over the past decade, with a notable dip in 2020 due to external factors likely including the COVID-19 pandemic. From 2013 to 2023, the sector generally experienced an upward trend, peaking at 260.9 million Euros in 2023.
Significant year-on-year variations include a sharp decline of 29.44% in 2020, followed by a strong recovery with a 24.29% increase in 2021. Overall, the compound annual growth rate (CAGR) for the last five years stood at 3.18% as of 2023.
Forecasts from 2024 to 2028 predict a steady rise in turnover, with a forecasted CAGR of 1.19% over the next five years and a total growth rate of 6.1% by the end of 2028.
Trends to watch for in the future include:
- Increased demand for sustainable and eco-friendly catering options.
- Technological advancements in catering services and event management.
- Potential impacts of economic fluctuations and external shocks on the industry.
