Italy Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Italy Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Summary

“Italy 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 Italian Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

Italy recorded nominal GDP per capita growth of 7.1% in 2022. This growth was fueled by the transport, tourism, and leisure sectors, on account of the lifting of COVID-19-related travel restrictions. However, high inflation brought on by the Russia-Ukraine conflict hampered consumers’ purchasing power.

The total revenue of the Italian profit sector was estimated at EUR120.6 billion ($127 billion) in 2022, decelerating at a negative CAGR of 0.5% from 2017. Economic slowdown in 2020 and 2021, and high inflation in 2022, hindered foodservice sales. However, the resumption of travel and tourism will aid the sector’s growth in the coming years.

During 2017-22, dine-in sales recorded a decline, owing to COVID-19 restrictions. takeout and delivery services recorded strong growth.

The report includes -

• Overview of Italy's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Italian 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 Italian 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.

Scope

• The total revenue of the Italian profit sector was estimated at EUR120.6 billion ($127 billion) in 2022, decelerating at a negative CAGR of 0.5% from 2017. Economic slowdown in 2020 and 2021, and high inflation in 2022, hindered foodservice sales. However, the resumption of travel and tourism will aid the sector’s growth in the coming years.
• Italian consumers have been increasingly becoming conscious of their health. Hence, they are demanding food and drink items that fit into their healthy lifestyles. Italian consumers have been increasingly becoming conscious of their health. Hence, they are demanding food and drink items that fit into their healthy lifestyles. Price-conscious consumers will seek value-for-money offerings while struggling with rising prices amid high inflation. During 2022-27, the Italian profit sector will register a relatively strong CAGR of 6.9%. The number of transactions will register a CAGR of 4% during this period, while the number of outlets will increase at a CAGR of 0.3%.

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.