Forecast: Household Expenditure on Catering Services in France

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.

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