In 2023, the production value in Brazil's event catering and other food service activities sector was approximately 27.5 billion Brazilian Reals. Moving forward, from 2024 onwards, a steady growth is forecasted with annual increments leading to an estimated 31.15 billion Brazilian Reals by 2028. This indicates a year-on-year growth ranging from approximately 2.5% to 3.1%. Over these five years, the compound annual growth rate (CAGR) is projected to be around 2.9%, illustrating consistent expansion in the sector.
Future trends to watch include the increasing incorporation of technology in service delivery, rising consumer demand for personalized and sustainable food experiences, and potential fluctuations due to economic and political factors in Brazil.
