The value added of food and beverage service activities in Italy showed a continuous increase from 2013 to 2023, starting at 34.92 billion euros in 2013 and reaching 44.18 billion euros in 2023. Over this period, the sector experienced several fluctuations, with notable growth rates like a 6.32% increase in 2017 and more moderate year-on-year growth in subsequent years, such as 1.4% in 2023. The CAGR over the last five years stood at 1.35%, indicating a steady but modest growth trend. The forecasted data from 2024 to 2028 predicts a continual rise, with the value expected to reach 47.05 billion euros by 2028, supported by a forecasted 5-year CAGR of 0.99%.
Future trends to watch for in this sector include the impact of evolving consumer preferences towards healthier and sustainable options, technological advancements in service delivery, and potential regulatory changes. Additionally, the post-pandemic economic recovery will likely influence spending patterns, further shaping growth trajectories in this industry.
