The turnover of event catering and other food service activities in France has seen significant fluctuations between 2013 and 2023, starting at 10.11 billion Euros in 2013 and reaching 17.49 billion Euros in 2023. The market experienced a severe dip in 2020, with a turnover decrease of 33.17% due to the COVID-19 pandemic, followed by a strong recovery of 32.18% in 2021. From 2021 to 2023, the sector saw continued recovery with an average annual growth rate of 4.10%. The forecast for 2024 suggests a continued upward trend, with a turnover expected to rise to 18.33 billion Euros and an anticipated five-year CAGR of 3.37% reaching 21.64 billion Euros by 2028.
Future trends to watch for:
- Growth in demand for sustainable and locally-sourced food options.
- Innovations in digital ordering and delivery services.
- Potential impact of regulatory changes related to health and safety standards.
- Increasing popularity of hybrid and virtual events post-pandemic.
- Potential economic influences from inflation and global market conditions.
