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

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

Summary

“Western 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 Western European 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 Western Europe profit sector reached 685.3 billion in 2022, declining at a negative compound annual growth rate (CAGR) of 2.4% during 2017-22. The COVID-19 pandemic caused an economic slowdown that disrupted the profit sector's growth in 2020-21. In addition, the foodservice sales were impacted by high inflation in 2022 due to the Russia-Ukraine conflict. FSR was the largest foodservice channel with a value share of 25.9%, followed by QSR with 20.2%. The QSR channel’s value sales will post a CAGR of 6.2% during 2022-27, rising from $138.5 billion to $ 186.7 billion.

The report includes -

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

Scope

• The profit sector’s value of the region reached $685.3 billion in 2022, declining at a negative CAGR of 2.4% during 2017-22. The economic slowdown caused by the COVID-19 pandemic in 2020-21 led to a decline in sales.
• During 2017-22, the travel channel registered a steep decline in value sales at a negative CAGR of 7.1%, due to limited footfall owing to the COVID-19 restrictions.
• Online ordering and takeaway immensely supported the QSR channel during 2017-22. This trend is going to continue in the coming years as consumers are looking for convenient and time-saving options.
• Consumers visiting QSRs are influenced by the impact of menu items on their health and wellbeing in the region. Hence, the operators need to focus on offering healthy menu options, which include locally sourced and fresh ingredients.

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.