In 2023, domestic tourism expenditure on food and beverage serving services in France stood at 8.09 billion Euros. Over the past two years, the market saw a modest increase of 2.58% year-on-year in 2023 following a 7.32% rise in 2022, indicating a volatile market recovery from the pandemic downturn. The five-year compound annual growth rate (CAGR) leading up to 2023 was relatively flat at -0.039%. However, the forecasted trend for the next five years is negative, with an annual average decline (CAGR) of -3.82%, culminating in a projected reduction of 17.68% by 2028.
Future trends to watch for include:
- Continued recovery from pandemic effects as tourism patterns normalize
- Potential impacts of inflation on consumer spending power
- Shift towards sustainable and locally-sourced food and beverage options
- Technological advancements and digital innovations in service delivery
- Changing consumer preferences, particularly among younger demographics
