The event catering and other food service activities sector in France is projected to grow steadily over the next five years, with production rising from 18.06 billion euros in 2024 to 21.11 billion euros in 2028. Compared to 2023, where actual production was 17.3 billion euros, this indicates a significant upward trajectory. The year-on-year growth rates show a consistent pattern, increasing annually by approximately 4% to 5%.
Looking forward, the compound annual growth rate (CAGR) for this five-year period is estimated at approximately 4.02%. This consistent growth trend reflects a recovery and expansion phase for the sector, potentially spurred by changes in consumer preferences and the increased demand for event-based and on-demand catering services.
Future trends to watch for include:
- Innovation in service delivery, incorporating technology for personalized and efficient catering solutions.
- Growing consumer demands for sustainable and locally sourced ingredients, influencing supplier chains and production modes.
- The impact of economic fluctuations on consumer spending habits and event hosting.
- Adapting to regulatory changes regarding food safety and environmental standards.
