Forecast: Employment in Bakery Products Sector in Italy

Employment in the Bakery Products sector in Italy experienced fluctuations from 2013 to 2023, witnessing both growths and declines. In 2023, it stood at 65.93 thousand Full-Time Equivalents (FTEs). Employment saw a consistent decrease in the last two years, with a year-on-year variation of -1.28% in both 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the past five years has been negative at -2.59%, indicating a downward trend in employment. Future forecasts project a continuous decline, with a five-year forecast CAGR of -1.04% leading to 61.78 thousand FTEs by 2028, a total decrease of 5.07% from 2023.

Trends to watch for in the future include:

• The impact of automation and technological advancements, potentially reducing labor requirements.
• Shifts in consumer preferences towards healthier or alternative baked goods, influencing employment.
• The role of sustainability and local production initiatives in reshaping the bakery sector workforce.