In 2023, the turnover of event catering and other food service activities in Sweden stood at 645 million Euros. Over the past decade, the market has experienced various fluctuations. Between 2013 and 2018, there was a general upward trend, with significant growth in 2018, followed by a decrease in 2019. The market remained relatively stable despite slight declines through the pandemic years and recent years, ending with a minor decrease in 2023.
Year-on-year variations over the last two years show a trend of steady movement with minimal change. Specifically, 2022 saw a -0.077% variation, while 2023 saw a -0.046% variation. The compound annual growth rate (CAGR) over the past five years (2018 to 2023) stands at -3.49%, indicating an average annual decline.
Looking forward, the market is projected to continue stabilizing with marginal declines. The forecast indicates that by 2028, turnover will slightly decrease to approximately 644 million Euros, reflecting a five-year forecast CAGR of -0.02%.
Future trends to watch for include potential impacts of economic conditions on consumer spending, technological advancements in food services, and evolving consumer preferences towards sustainable and health-conscious catering options. Market adaptability to these factors will be crucial.
