Belgium Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Belgium Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“Belgium Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Belgian Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The overall value of the Belgian foodservice profit sector declined at a negative CAGR of 5.8% during 2016-2021. This can be attributed to the fall in value of the travel and pub, club & bar channels. Sales in the travel channel were hampered by the enforcement of restrictions on tourism. In contrast, QSR was the most resilient profit sector channel.

During 2021-2026, profit sector sales will grow at a CAGR of 10.9%. Growth will be driven by the pub, club & bar and travel channels, which will rebound from the lows of 2020 and 2021. The number of transactions in the profit sector will grow at a CAGR of 8.1% during 2021-2026.

The report includes -

• Overview of Belgium’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Belgium'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 Shop, and Pub, Club & Bar) within Belgium’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 Belgian population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

• The value of the Belgian foodservice profit sector declined at a negative CAGR of 5.8% during 2016-2021. While the number of outlets grew, the number of transactions fell at a negative CAGR of 5.1%. In both 2020 and 2021, profit-sector sales were hampered by the enforcement of COVID-19 restrictions, including strict measures on nightclubs. This caused the pub, club & bar channel to suffer a significant decline at a negative CAGR of 8.3% during 2016-2021; this was among the steepest contractions in the sector. However, travel was the worst-hit channel owing to restrictions on tourism.
• Take-away sales achieved value growth during 2016-2021, with the health crisis amplifying the channel’s importance, particularly in the FSR channel in 2020. Take-away sales in casual dining FSR outlets rose at annual rates of 20.9% in 2020 and 16.2% in 2021. The increase in delivery service providers during the pandemic supported the growth of take-away sales.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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 Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.