Eastern Europe - The Future of Foodservice to 2027

Eastern Europe - The Future of Foodservice to 2027

Summary

“Eastern Europe Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Eastern Europe Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The total revenue of the Eastern European profit sector totaled $80.1 billion in 2022, having declined at a negative compound annual growth rate (CAGR) of 5.3% during 2017-22. The number of transactions fell at a negative CAGR of 0.2%, while the outlet count declined at a negative CAGR of 0.04%. In 2027, the region’s foodservice sector is forecast to generate value sales of $201.7 billion, reflecting a CAGR of 20.3% during 2022-27. The transaction count will yield a CAGR of 3.8% and the number of outlets a CAGR of 0.8%.The QSR channel led the profit sector in terms of outlet number in 2022, with a total of 121,902 outlets. It was followed by the FSR and pub, club & bar channels, with 116,329 and 96,214 outlets, respectively.

The report includes -

• Overview of Eastern Europe' macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Eastern Europe 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 the Eastern Europe 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 Eastern Europe population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• QSR was the second-largest channel in Eastern Europe’s foodservice profit sector in 2022, with a value share of 20.7%. Over 2017-22, the channel’s sales declined at a negative CAGR of 1.1%, from $17.5 billion in 2017 to $16.6 billion in 2022.
• FSR, the largest profit sector channel, was valued at $20.5 billion in 2022. Due to pandemic-related restrictions, the channel decreased at a negative CAGR of 7.8% during 2017-22. Over the period, the number of transactions and number of outlets declined at negative CAGRs of 3.8% and 0.005%, respectively.
• The coffee & tea shop channel posted value sales of $5.6 billion in 2022, after declining at a negative CAGR of 9.8% during 2017-22. The number of transactions fell at a negative CAGR of 0.9%, while the number of outlets dipped by a CAGR of 0.2%. Hot coffee, milk, and hot tea are the channel’s most popular non-alcoholic beverages.
• Pub, club & bar accounted for 19.8% of total foodservice value sales in 2022. The channel’s value sales totaled $15.9 billion in 2022, down from $21 billion in 2017, reflecting a negative CAGR of 5.4%.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) 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.