The event catering market in Belgium has experienced various fluctuations over the years. Starting from a value of 853.5 million Euros in 2013, it saw steady increases until 2015. After a minor decline in 2016, the market regained momentum, peaking in 2018 at 1240 million Euros. Despite a drop in 2019 and a significant pandemic-related dip in 2020, the market bounced back in the succeeding years. By 2023, the value stood at 1310 million Euros. Observing the CAGR over the last five years: from a negative slope in the pandemic aftermath (-6.39% in 2020) to a gradual recovery, culminating in a 1.03% growth rate by 2023.
Future trends to watch include:
- Increasing demand for specialized and personalized catering services.
- Greater emphasis on sustainability and locally sourced ingredients.
- Integration of technology in service delivery, such as online booking and AI-driven custom menus.
- Potential impacts of economic fluctuations and regulatory changes on the catering industry.
