In 2023, the food services sector in Brazil had an established base, with subsequent years showing consistent growth. From 2024 to 2028, the number of establishments is expected to increase steadily, highlighting a year-on-year growth of approximately 1.4% over this period. The Compound Annual Growth Rate (CAGR) over these five years is anticipated to be around 1.1%, indicating a stable expansion within the industry.
Future trends to watch for include technological integration in service delivery, a shift towards more sustainable practices, and an evolving consumer preference towards diverse, high-quality, and convenient food options. These trends could catalyze new business models and market segments.
