The turnover of event catering and other food service activities in Spain has demonstrated significant fluctuations over the years. From 2013 to 2019, the sector experienced steady growth, with notable year-on-year increases, reaching a peak in 2019. However, 2020 saw a dramatic decline by 33.77% due to the global pandemic, followed by a robust recovery in subsequent years. By 2023, the turnover had reached 6.26 billion euros, with an impressive 11.34% increase from the previous year.
Key trends over this period include:
-Sustained recovery and growth post-2020 downturn, with year-on-year growth rates consistently positive from 2021 onward.
-A projected steady increase from 2024 to 2028 with an average annual growth rate (CAGR) of 2.6%, leading to a total growth of 13.7% over these five years.
Future trends to watch for include:
-The impact of potential economic fluctuations and consumer spending changes on the catering and food service industry.
-Innovations and shifts towards sustainable and health-oriented catering practices that could drive new growth avenues.
-Possible further impacts from global health crises or geopolitical events on this sector.
