Summary "Spain - The Future of Foodservice to 2024” published provides extensive insight and analysis of the Spanish Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:
Spanish foodservice profit sector has grown at a sizable CAGR of 2.3% from 2014-2019 on the back of growing economy and busy modern lifestyles which is generating more “out-of-home” meal solutions. Growing demand for convenience and increasing busy lifestyle of consumers has also increased the demand for third party delivery in the country. Moreover, strong growth in the tourism industry, which is a major part of the economy, contributed to the profit sector growth. A significant share of foreign tourists in the country come for gastronomic purposes, with a firm focus on exploring Spanish food experiences.
Overview of Spain’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Spain’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shops, Pubs, Clubs and Bars) within Spain’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Spanish population.
Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Scope - The Pub, club & bar is the largest channel in Spanish foodservice profit sector by revenue, representing 44.3% of total sector revenue in 2019. The pub, club & bar channel is among those channels wherein the average transaction value is on the higher end of the price spectrum.
- Pub, club & bar also led in terms of the number of outlets in 2019. However, channel registered a decline in outlet numbers, reflecting an oversaturation of the market. Meanwhile, QSR, mobile operator, and ice cream parlor channels saw their number of outlets grow at higher rates.
- A significant share of high-income individuals in the country, a general rise in disposable income of Spanish consumers, and an increase in tourism helped the pub, club & bar channel in maintaining the top position of the food-service industry.
Reasons to Buy - Specific forecasts of the foodservice market over the next five years (2019-2024) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
Our reports have been used by over 10K customers, including: