Italy - The Future of Foodservice to 2024

Italy - The Future of Foodservice to 2024

  • November 2020 •
  • 150 pages •
  • Report ID: 5082244 •
  • Format: PDF
Italy - The Future of Foodservice to 2024

Summary
"Italy - The Future of Foodservice to 2024” provides extensive insight and analysis of the Italian 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 Italian foodservice profit sector grew at a CAGR of 1.8% between 2014 and 2019 and had a value of EUR127.8 billion in 2019. Growth of the profit sector in the Italian foodservice market in recent years has been predominantly driven by an increasing amount of transactions. Both sales and transactional growth are expected to contract during 2019-2024, as the economic climate, will be negatively affected by COVID-19 leading to a contraction in consumer spending. The profit sector is forecast to experience a decline in sales value to 2024, this will result in a combined sector revenue of EUR111.7 billion by 2024.

Overview of Italy’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Italy’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 Italy’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 Italian 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 Italian foodservice market.

Scope
- Valued at EUR28.5 billion in 2019, FSR is Italy’s second largest foodservice channel, accounting for 22.3% of total profit sector sales revenue. The channel registered sizable CAGR of 1.8% during 2014-2019. The FSR channel is driven by the increase of both the number of “Out-of-home” transactions and the average transaction price.
- Due to changing consumer lifestyle, consumers are seeking greater convenience within foodservice , as a result over the next five years, QSR revenue generated by takeaway transactions is forecast to grow at a CAGR of 3.6%, whereas, -0.5% CAGR for dine-in occasions over the same period.

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 Italy’s foodservice market.
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