The production value of event catering in France has seen fluctuating trends over the last decade. From 2013 to 2019, it generally showed growth, with year-on-year increases such as 10.29% in 2019. However, the market faced a significant downturn in 2020, dropping by 48.11% due to the pandemic. The subsequent recovery was marked by a 27.11% rise in 2021 and a 20.5% increase in 2022. The value stood at 2.44 billion Euros in 2023, reflecting a steady 12% year-on-year growth. The five-year CAGR from 2019 to 2023 averaged out to -0.37%, revealing the impact of the pandemic shock despite some recovery.
Looking ahead, forecasts suggest stabilization and gradual growth with a five-year CAGR of 0.91%, leading to a projected 2.59 billion Euros by 2028, indicating a 4.61% overall growth from 2023.
Future trends to watch for:
- Increased demand for hybrid event solutions combining in-person and virtual catering.
- Greater emphasis on sustainability and locally-sourced ingredients.
- Technological advancements in catering management and service automation.