The production value of event catering and other food service activities in France is expected to grow steadily over the next five years. As of 2023, the actual value stood at X Billion Euros, serving as a baseline for these forecasts.
The forecasted data indicates a consistent year-on-year growth, with increases expected as follows: 2024 to 2025 by 4.31%, 2025 to 2026 by 4.03%, 2026 to 2027 by 3.88%, and 2027 to 2028 by 3.69%. Over the entire forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to average around 4%.
In terms of future trends to watch for, it's crucial to monitor:
- Technological advancements in food service delivery and event planning, potentially driving efficiency and innovation.
- Changes in consumer preferences towards sustainable and health-conscious catering options.
- Economic factors and global events that could impact discretionary spending on events and food services.
- Regulatory changes, particularly concerning food safety and environmental practices.