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

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

Summary

“Italy 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 Italian Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The Italian foodservice profit sector decreased at a negative CAGR of 4.2% during 2016-2021. The reinforcement of lockdown restrictions during the first and last quarters of 2021 due to the threat from COVID-19 waves significantly impacted the recovery of the foodservice profit sector in the country. Several operators shifted towards deliveries and takeaways during 2020 and 2021 in line with consumer’s demand for convenient, contactless deliveries. With economic recovery and resumption of businesses, the foodservice industry is projected to rebound over the forecast period.

The report includes-

• 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 Shop, Pub, Club & Bar) 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.

• Coffee & tea shop was the largest channel in the Italian foodservice profit sector by revenue, representing 36.6% of total sector revenue in 2021. The FSR is the second most prominent channel, with a market share of 22.2%. Coffee & tea shop’s large market share can be attributed to strong café culture in Italy and fondness of coffee among consumers.
• The FSR channel accounted for the highest count of outlet numbers among all channels in 2021, however declined at a negative CAGR of 0.5% during 2016-2021. Meanwhile, the coffee & tea shop channel registered decreased at a negative CAGR of 0.1% during 2016-2021.
• Delivery and takeaway transactions surged in 2021 owing to the consumer fondness towards door-step deliveries. As a result, the QSR channel benefited from its pre-established food delivery services.

• 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, Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.