Summary "France - The Future of Foodservice to 2024" published by GlobalData provides extensive insight and analysis of the French 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 French foodservice industry’s sales grew at a CAGR of 1.0% over 2014 - 2019 to reach €132.9 billion in 2019. While the number of outlets grew at a CAGR of 1.4%, the number of transactions grew at a lower rate of 0.6%. The accommodation channel stood out in terms of growth in the number of outlets. Significant rise in tourism, mainly from Asian tourists, played a key role in the rise in hotel establishments in the country.
The quick service restaurant channel also saw a notable growth in its number of outlets. The foodservice value growth will slow down in coming years, with the growth rate over 2019 - 2024, expected to be a slower 0.3%, compared to that over 2014 - 2019. The adverse impact of the COVID-19 pandemic will create headwinds to foodservice business across channels.
Overview of France’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on France’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 and Pubs, Clubs and Bars) within France’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 French population.
Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Scope - QSR represents the largest foodservice channel in France, generating revenue of EUR49.9 billion in 2019 (or a 37.6% share of the overall profit sector). - Shorter break times and growing quest of consumers for affordability and convenience are brining them more frequently to quick service restaurants. - American fast food chains such as Burger King and McDonald’s have significantly expanded their footprint in recent years.
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 and Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
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