The production of Food and Beverage Service Activities in Italy experienced steady growth from 2013 to 2019, with particularly strong performance in 2017 and 2018. However, 2020 saw a significant decline of 16.13% due to the impact of the COVID-19 pandemic. The sector rebounded in 2021 with a 16.33% increase, followed by continued growth in 2022 and a moderated increase in 2023. The compound annual growth rate (CAGR) over the last five years stands at 1.68%.
The sector is expected to continue its upward trajectory from 2024 to 2028, with a forecasted 5-year CAGR of 1.21% and an overall growth rate of 6.17% by 2028.
Future trends to watch for include the integration of sustainable practices, technological advancements in food service delivery, and changing consumer preferences towards healthy and locally-sourced food options.
