The production value of food and beverage services in Germany has shown significant fluctuations over the past years. Starting from 45.27 billion Euros in 2013, the value increased steadily until 2019, followed by a sharp decline in 2020 due to the pandemic, reducing it to 43.5 billion Euros. Post-2020, the sector rebounded, reaching 79.35 billion Euros in 2023. Over the last two years, year-on-year growth accelerated to 18.81% in 2022 and 12.28% in 2023. The 5-year CAGR stands at 3.28%, indicating moderate annual growth.
Looking ahead, forecasted values project continued growth, reaching 92.28 billion Euros by 2028, with a forecast 5-year CAGR of 2.39%. This suggests a steady but slower growth rate compared to recent recovery years.
Future trends to watch for include the impact of inflationary pressures on consumer spending, shifts towards sustainable and locally sourced food and beverages, and technological advancements in service delivery, such as digital menus and contactless payments.