The production of food and beverage service activities in France showed significant variability from 2013 to 2023 with consistent growth until 2019. The sector experienced a sharp decline in 2020 due to the COVID-19 pandemic. However, it sharply rebounded in 2021 and continued to rise, reaching 100.01 billion euros in 2023. Notable annual increases include 2018 (+6.14%) and 2019 (+6.83%). The CAGR over the past five years is 2.79%, demonstrating moderate growth post-pandemic.
Forecasts suggest continued growth with the production value reaching 110.48 billion euros by 2028. The forecasted 5-year CAGR is 1.62%, indicating a slower growth rate compared to previous years. This suggests a leveling off of the rapid recovery observed earlier.
- Year-on-year variations indicate periodic growth and occasional dips, with a significant drop in 2020 followed by substantial recovery in subsequent years.
- The sector has shown resilience, suggesting a strong underlying demand for food and beverage services in France.
Future trends to watch for include the impact of environmental sustainability practices, technological advancements in service delivery, and changing consumer preferences towards healthier and locally-sourced options. Monitoring these trends will be crucial for stakeholders seeking to capitalize on emerging opportunities in the market.
