The turnover in the Food and Beverage Service Activities sector in Italy is forecasted to grow steadily from 2024 to 2028, reaching €70.57 billion by 2028. In 2023, the sector stood at €66.10 billion, reflecting a solid foundation. The year-on-year growth from 2024 to 2025 is approximately 1.36%, from 2025 to 2026 is 1.33%, and from 2026 to 2027 is 1.31%. The average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is 1.32%, indicating consistent and stable growth in the sector.
Future trends to watch for include:
- A potential increase in consumer demand for health-conscious and sustainable food and beverage options.
- The impact of technological advancements and digital transformations in service delivery and customer engagement.
- Economic factors and potential regulatory changes that could affect operating costs and profitability.