The production value of event catering and other food service activities in the UK was initially at 11.8 billion Euros in 2023. From 2024 to 2028, there is a steady year-on-year increase in production value with growth rates approximately around 1.1% annually. This consistent progression reflects a Compound Annual Growth Rate (CAGR) of around 1.1% over the five-year period.
Future trends to watch for include:
- Emerging consumer preferences for sustainable and locally sourced food.
- Technological advancements enhancing efficiency and customer experience.
- Potential impacts of economic fluctuations on consumer spending in the event catering sector.