From 2013 to 2023, the event catering sector in Denmark exhibited significant fluctuations in production values, expressed in billion Danish Krones. The sector saw noticeable year-on-year variations, with values declining in certain years such as 2013 by -12.39% and expanding in others, notably in 2014 with a 22.63% increase. The period saw robust growth until 2020, when the COVID-19 pandemic led to an 18.82% reduction. Recovery was visible in subsequent years, with values rebounding by 14.14% in 2021 and continuing growth through 2023, which stood at 3.39 billion Danish Krones. The 5-year compound annual growth rate (CAGR) shows a positive average annual growth of 2.74% from 2018 to 2023.
Looking forward, the production value in the event catering sector is forecasted to grow steadily, anticipated to reach 3.82 billion Danish Krones by 2028. The forecasted 5-year CAGR is 1.89%, translating to a 9.84% growth rate over this period, suggesting a stable but moderate growth trajectory.
Future trends to watch for include:
- Increased demand for sustainable and locally sourced catering options.
- Growth in corporate events as remote work stabilizes into hybrid models.
- Technological advancements in food preparation and delivery.
- Potential resurgence in social events post-pandemic, fueling sector growth.
