Catering Market in Spain and Portugal: Trends, Growth, and Future Prospects According to DBK Observatory – INFORMA

2023-06-04 08:13:02

According to the Sectoral Observatory DBK of INFORMA (subsidiary of Cesce), leader in the provision of Commercial, Financial, Sectoral and Marketing Information in Spain and Portugal, the catering market reached a value of €3.520 million at the close of 2022following growing by 15.1% in 2021 and a 19.7% in 2022. the positive demand behavior and the price uptrend enabled strong revenue growth.

The segment of catering for communities is the most important, with a participation of the 88% of the total. Thus, the value of this market stood at 3.100 million of euros, a 15% more than in the previous exercise. Within the collective business, the teaching centers were the demand segment of greater dynamismwith an increase of 17,2% and a value of 1,055 million of euros. The demand from health sector remains the most important, reaching 1,365 million of euros (+14,7%)while the company Services increased a 12,2%until the 505 million of euros.

The segment of air catering was driven by the strong growth in the number of passengers in air travel. Thus, this business recorded a figure of 220 million of euros in 2022and 76% more than in the previous exercise. For his part, following growing up a 67%, he high end catering reached the 200 million euros, in a context of sharp increase in demand for events and celebrations thanks to the disappearance of restrictions following the pandemic.

provisional data

Looking ahead to the coming years, the sector presents some favorable prospects, although in the short term a slowing trend in market growth rates is expected following the strong increases recorded in the last two years. For him close of 2023 forecasts point to a increase located around 6-7%reaching the €3.750 million.

The offer of the sector was made up of 2022 for some 955 companieswhich generated a volume of employment of 75,000 workers. Both figures remained stable throughout the last financial year.

He solid positioning reached by the main operators is reflected in the degree of concentration of the sector. The top five gathered in 2022 a joint participation close to the 45% of sector turnovera percentage that was close to 60% when considering the top ten operators.

1685867092
#catering #market #grew #strongly