Summary "Romania - The Future of Foodservice to 2024” provides extensive insight and analysis of the Romanian Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:
The overall value of the Romanian foodservice profit sector grew at a CAGR of 3.9% between 2014 and 2019 and had a value of RON34.7 billion in 2019. Growth of the profit sector in the Romanian foodservice market in recent years has been predominantly driven by an increasing amount of transactions. Both sales and transactional growth are expected to decelerate during 2019-2024, as the economic climate, will be negatively affected by COVID-19 leading to a decline in consumer confidence. The profit sector is forecast to experience a slower growth in sales value to 2024, this will result in a combined sector revenue of RON39.1 billion by 2024.
Overview of Romania’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Romania’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 Romania’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 Romanian population.
Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Case Studies: Learn from examples of recent successes and failures within the Romanian foodservice market.
Scope - The QSR channel generated a revenue of RON5.6 billion in 2019, accounting for a 16.3% share of the Romanian foodservice profit sector. Revenue in the channel rose at a CAGR of 3.4% during 2014-2019. Value growth in the channel was fuelled by number of transactions, rather than outlet expansion. In the past week, 41% of Romanians have visited a QSR.
- Takeaway are expected to grow in coming years due to online food delivery companies such as foodpanda become more prominent across the country and expand outside of the major cities while many major chains are also expanding their delivery services.. Over the next five years, revenue generated by takeaways is forecast to reach a CAGR of 3.9%, outpacing that of dine-in, at 0.6%.
- Between 2014 and 2019, sales value generated in Romania’s coffee and tea shop channel rose at a CAGR of 3.1%, led primarily by a growing number of transactions and rising average transaction prices.
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.
- Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Romania’s foodservice market.
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