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

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

Summary

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

The Spanish foodservice profit sector decreased at a negative CAGR of 4.3% during 2016-2021. The adverse impact of the pandemic on restaurants and bars in 2020 played a major role in reducing the number of transactions across foodservice outlets. Several operators adopted new strategies to recover from the crisis; these included increased digitization and a focus on deliveries. Takeaway services played a key role in supporting transactions across channels. In the coming years, with government focus on support packages for economic revival, the foodservice industry is projected to sharply rebound.

The report includes -

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

• Pub, club & bar was the largest channel in the Spanish foodservice profit sector by revenue, representing 44.9% of total sector revenue in 2021. It was followed by FSR, with a market share of 24.0%. The high prominence of the pub, club & bar channel largely reflects the country’s culture of socializing over alcoholic drinks.
• The pub, club & bar channel led in terms of number of outlets in the country, however recorded decline at a negative CAGR of 1.0% during 2016-2021. Meanwhile, the total number of outlets in the QSR channel registered a CAGR of 0.2% during this period.

• 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 to understand the wants and needs of their target demographics.