The household expenditure on catering services in France exhibited notable fluctuations over the years. From 2013 to 2019, there was a steady increase in spending, reflecting positive growth with a peak year-on-year growth of 6.57% in 2019. However, the COVID-19 pandemic resulted in a significant drop by 28.99% in 2020. The following recovery period saw an impressive rebound in 2022 by 38.48%. In 2023, expenditure slightly decreased by 14.8%, positioning the expenditure at 73.98 Billion Euros.
The forecasted data indicates a modest growth trend with a five-year CAGR of 1.36% projecting household expenditure to reach 80.58 Billion Euros in 2028.
Future trends to watch for:
- Potential impact of economic conditions and inflation on consumer spending.
- Changing consumer preferences towards healthier and sustainable catering options.
- Technological advancements in the catering industry, enhancing service delivery and customer experience.
- Continued recovery and stabilization post-pandemic impacting the growth rate.