Forecast: Value Added in Food and Beverage Service Activities Sector in Brazil

The value added in the food and beverage service activities sector in Brazil is projected to increase steadily from 2024 to 2028. Starting at 79.36 billion Brazilian Reals in 2024, the sector is forecasted to reach 88.49 billion by 2028. This indicates consistent growth, with an annual average growth rate (CAGR) over these five years. In comparison, the value was 77.44 billion in 2023, showing an upward trend as this industry recovers post-pandemic, benefiting from economic improvements and increasing consumer spending.

Future trends to watch for include:

  • Impact of inflation and currency fluctuations on consumer demand and industry costs.
  • Expansion of delivery and digital ordering services, shaping new consumption patterns.
  • Growth of sustainable and health-conscious dining options, as consumers become more environmentally aware.
  • Developments in Brazilian food culture and international food trends influencing consumer preferences.

Top Countries about Food Services