Forecast: Production Value of Event Catering in France

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.

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