The value added of the food services and beverage services industry in Brazil has experienced varied growth and fluctuations over the past decade. From 2013 to 2019, there was steady growth, with the value rising from 95.62 billion Brazilian Reals in 2013 to 141.33 billion in 2019. However, 2020 marked a significant downturn, demonstrating a -24.22% decline due to the global pandemic's impact. Recovery began in 2021 with a 20.5% increase, and by 2023, the value stood at 161.56 billion Brazilian Reals, reflecting a year-on-year growth of 10.08%. The projected CAGR for the next five years (2024 to 2028) is 3.15%, with an overall growth rate of 16.76%.
Future trends to watch for include continued recovery and growth post-pandemic, potential impacts of inflation, evolving consumer preferences towards healthier and sustainable options, and digital transformation in food and beverage services. Additionally, monitoring government policies impacting the sector and technological advancements will be crucial in forecasting further growth and challenges.
