The number of employees in Food and Beverage Service Activities in Italy has shown a consistent upward trend from 2013 through 2023, reaching 1,090.0 thousand persons in 2023. The year-on-year variations have largely been positive, highlighting steady growth. Specifically, 2022 saw a 2.54% increase from the previous year, and 2023 demonstrated a 2.43% growth, albeit with a slightly declining growth rate. The Compound Annual Growth Rate (CAGR) over the last five years has been 2.51%, indicating a moderate, but stable increase in employment numbers.
A forecast from 2024 to 2028 projects a continued rise in employee numbers, with a CAGR of 1.67%, reaching approximately 1,220.0 thousand by 2028. This suggests a longer-term growth trend, though at a slightly decelerated pace compared to previous years.
Future trends to watch for:
- Stabilizing growth rates as the sector matures
- Potential impacts of technological advancements and automation
- Evolving consumer preferences and the rise of specialty dining experiences
- Influences of economic factors and tourism on labor demand