The number of persons employed in the UK's food and beverage service activities sector is forecasted to increase gradually from 2024 through 2028. In 2023, the actual employment figure was 1.98 million. Comparing the 2023 figures to the forecasted data, there’s an approximate annual growth of around 1.02% from 2024 onwards. This steady rise indicates a slow but consistent recovery and expansion in the sector, suggesting a positive employment trend over the five-year period, with a compound annual growth rate (CAGR) of approximately 1.02%.

Future Trends to Watch:

Automation and technological integration impacting labor demand.
Post-pandemic consumer behavior and spending patterns.
Regulatory changes, particularly concerning employment laws and wage regulations.
The impact of economic conditions on disposable income affecting the hospitality sector.