The turnover in the event catering sector in Spain experienced fluctuations between 2016 and 2023. Actual data reflects a significant drop in 2020 due to the pandemic, followed by recovery in subsequent years. By 2023, the sector reached €1.8 billion, indicating stability compared to pre-pandemic levels. The year-on-year variations were robust, with notable rises in 2021 (40.2%) and a steady increase through 2023 (9.6%). The Compound Annual Growth Rate (CAGR) over the last 5 years saw a significant bounce back, standing at 21.46% by 2023.

Future trends to watch for include:

Moderate growth with forecasted turnover stabilizing around €1.81 billion annually from 2024 to 2027.
Marginal increase to €1.82 billion by 2028, indicating a forecasted 5-year CAGR of 0.1% and a minimal average annual growth rate of 0.5%.
Potential impacts of evolving consumer preferences, digital transformation, and sustainability trends in the catering industry.