The event catering and other food service activities sector in Belgium experienced variability from 2013 to 2023. Turnover dipped significantly in 2016 and 2020, hitting a low during the COVID-19 pandemic. Post-2020, it rebounded with consistent year-on-year growth, reaching 2.48 billion Euros in 2023. Year-on-year variation highlights significant recovery with 16.57% in 2022 and 10.37% in 2023. The five-year CAGR leading to 2023 is 2.53%, indicating a general trend of modest growth.
Future trends to watch for include:
- Continued steady growth projected, with an average annual growth of 1.31% forecasted from 2024 to 2028.
- Potential impacts of economic conditions, consumer behavior shifts, and technological advancements in food service efficiency.
