The production value of event catering in Italy experienced significant fluctuations over the past decade. From 2013 to 2019, the market saw consistent growth, peaking at 1120 million euros in 2019. The industry suffered a dramatic decline in 2020, dropping by 66.5% due to the COVID-19 pandemic. Recovery began in 2021 with a 102.34% increase, and by 2022, the value reached 1000 million euros. As of 2023, the market stood at 1180 million euros, marking a 17.11% year-on-year increase. Over the next years, the market is forecasted to continue growing but at a slower pace, with a 1.07% CAGR expected by 2028.
Future trends to watch for:
- Ongoing recovery and stabilization post-pandemic
- Technological innovations in catering services
- Rising demand for sustainable and locally-sourced catering options
- Potential impact of economic fluctuations on event budgets
