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

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

Summary

“Sweden 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 Swedish 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 Sweden’s foodservice profit sector declined at a negative CAGR of 2.2% during 2016-21, reaching SEK117.4 billion ($13.7 billion) in 2021. This decline was due to the decrease in number of transactions in 2021. Due to convenience as well as digital and technological advancements, takeaways and deliveries played a crucial role in the foodservice sector. Independent operators dominate the profit sector. However, due to quick adaptation to changing consumer demands, chain operators fared better than independent operators during the pandemic in the QSR and the coffee & tea shop channels. Sweden’s profit sector is forecast to record growth at a CAGR of 7.2% during 2021-26.

The report includes -

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

• FSR was the largest channel in Sweden’s foodservice profit sector in 2021, generating sales of SEK45.4 billion ($5.3 billion).
• FSR recorded a marginal decline at a negative CAGR of 0.4% during 2016-21. With a 20.1% share of the Swedish foodservice profit sector in 2021, QSR was the second-largest channel. Despite supply and operational constraints during the pandemic, the channel's sales increased at a CAGR of 0.7% from SEK22.8 billion ($2.7 billion) in 2016 to SEK23.6 billion ($2.8 billion) in 2021.
• The coffee & tea shop channel accounted for 8.9% of the profit sector’s sales in 2021. The channel was valued at SEK10.4 billion ($1.2 billion) in 2021 and registered decline at a negative CAGR of 0.1% during 2016-21. Pub, club & bar was the fourth-largest channel in the Swedish foodservice profit sector in 2021, accounting for 8.8% of the profit sector’s sales.
• The channel’s value reached SEK10.3 billion ($1.2 billion) in 2021, after having registered a negative CAGR of 5.4% during 2016-21. The market is heavily fragmented and dominated by independent operators as there are no major pub, club, or bar chains in the country.

• 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.