Consumption outside the home

Catering in shopping centres, turnover at 5.6 billion

Deloitte data processed for Aigrim-Fipe and Cncc: the share of shopping centre turnover rises to over 11%.

23 April 2024

2' min read

Catering in shopping centres in Italy has reached a turnover of 5.6 billion euros and by 2023 has risen from 9.7% to 11.2% of the turnover of shopping centres nationwide. These are the figures that emerged from the webinar "Catering, People and Consumption", organised by Aigrim (the association of large multi-localised catering companies that is a member of Fipe-Confcommercio), during which the Observatory on Catering in Shopping Centres, conducted by Deloitte, was presented, created in collaboration with Cncc (National Centre for Shopping Centres).

This is a trend consistent with the development of restaurant chains, which is travelling faster than traditional venues (+11% per year to 8.2 billion), with the positive momentum of the out-of-home sector in general (which generatesa turnover of 92 billion according to the latest Fipe Report) and also with the increase in the number of people visiting shopping centres themselves, which was 7% last year.

According to the Observatory, within the complex macroeconomic context there are good signs of recovery in foreign demand and household purchasing power, and the global restaurant market has grown to EUR 2,795 billion in 2023. With the outlook being anannual growth rate (CAGR) of +3.8% until 2028.

Italy confirms its 3% weight in the global restaurant market, with growth driven mainly by quick service restaurants without table service (Quick Service Restaurant), for which a CAGR of +2.5% is expected compared to +1.9% for Full Service Restaurants (basically those with table service, ed.).

"Despite the fact that the geopolitical scenario seems to bring back a climate of mistrust on consumption, the outlook for the next 5 years of +3.8% is a positive sign - comments Cristian Biasoni, president of Aigrim -. We cannot talk about growth unless it is associated with a new employment paradigm applied also to those who work in the sector. We can do in terms of welfare, training and benefits, and the time has come to work in concert on a model that is attractive to new people and attentive to those who already work there'.

"The food&beverage offer has, in fact, become a driving force behind the positive trend that we have been experiencing for over a year in our Industry, thanks to an offer that has been able to evolve and intercept the requests of increasingly demanding customers, also from the point of view of quality and convenience of the service," declares Roberto Zoia, President of the CNCC. The objective of this Observatory is also to foresee future trends, which can be identified from an accurate analysis of the sector, so as to anticipate possible changes and inevitable adjustments after a period of great development such as the current one".

"For the next few years, a moderate growth in shopping centre turnover is expected, but catering is confirmed as the main driver of development among the different product categories, with fast-food registering a higher double-digit growth expectation than other food service formats," says Tommaso Nastasi, senior partner at Deloitte Italia.

Emiliano SgambatoResponsabile Food24
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Luogo: Milano
Lingue parlate: Inglese
Argomenti: Agroalimentare, mercato immobiliare, arredo-design
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