Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Business Confidence in Italy increased to 87.80 points in July from 87.30 points in June of 2025. This dataset provides the latest reported value for - Italy Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Caterers have endured a period of high revenue volatility amid the recovery of COVID-19 disruptions and subsequent inflationary and geopolitical pressures, which have affected consumer and business spending on functions and events. Industry revenue is expected to climb at a compound annual rate of 8.5% to €25.5 billion over the five years through 2025, including a 4.9% hike in 2025. Evolving consumer tastes and trends, like healthier eating and vegetarianism, are driving change in the products offered by caterers. Marriage rates across Europe are dipping, leading to a diluted demand for wedding caterers. The low rates were compounded by restrictions during the COVID-19 outbreak, with many couples forced to postpone their weddings, while other private and corporate events were cancelled, leading to a low revenue base in 2020. Nevertheless, the gradual easing of restrictions in 2021 and complete removal in 2022 allowed postponed events to take place, providing a boost to revenue. As wider economic conditions affect business and consumer confidence and spending on catering, recent inflationary pressures, geopolitical tensions and trade war fears have heightened uncertainty, weakening revenue growth over the three years through 2025. With greater health consciousness and concern for the environment, demand for caterers offering healthier, locally sourced and organic options is climbing. Catering services are also now required to be more inclusive of different dietary preferences, including vegetarianism and veganism, encouraging caterers to innovate and differentiate their offerings to keep up with competitors. Revenue is forecast to swell at a compound annual rate of 10.5% to €41.9 billion over the five years through 2030. While anticipated improvement in economic conditions will boost confidence and disposable income, leading to a better climate for the catering industry, subdued marriage rates will likely continue to limit demand for wedding catering. A more optimistic economic environment may encourage consumers and businesses to hold larger, more lavish events, driving revenue growth. Caterers will face challenges from intensifying competition and ever-changing consumer preferences, hindering profit growth. As such, diversification will play a key role, with caterers needing to innovate their offerings and come up with more personalised services, while also effectively dabbling in social media usage to engage with customers and enhance their brand image to stand out from the crowd. Caterers will also be likely to invest in making their operations more sustainable and achieve efficiencies through the use of technology.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Business Confidence in Italy increased to 87.80 points in July from 87.30 points in June of 2025. This dataset provides the latest reported value for - Italy Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.