Analysis of household expenditure on catering services in Finland shows a steady increase from 2013 to 2019, with a notable dip in 2020 due to the pandemic, followed by a rebound in 2022 and moderate growth leading into 2023. In 2023, expenditure stood at €7.94 billion, signifying a 1.9% year-on-year increase. The five-year CAGR from 2018-2023 was 1.87%. Forecasted data suggest consistent growth, with a predicted five-year CAGR of 1.4% and an overall 7.18% growth by 2028.
Future trends to watch for:
- COVID-19 recovery impacts on consumer spending behavior.
- Technological advancements and digital transformation in catering services.
- Increased focus on health and sustainability in food options.
- Potential economic fluctuations affecting disposable incomes and spending patterns.