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

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

Summary

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

The New Zealand foodservice profit sector decreased at a negative CAGR of 2.5% during 2016-2021. The reinforcement of stringent COVID-19 restrictions in 2020 and 2021 to control the outbreak of COVID-19 and its variants significantly impacted the recovery of the foodservice profit sector in the country. Several operators shifted towards deliveries and take-aways 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 New Zealand's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on New Zealand'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, and Coffee & Tea Shop) within New Zealand'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 New Zealand population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

• FSR was the largest channel in the New Zealand foodservice profit sector by revenue, representing 33.7% of total sector revenue in 2021. The QSR is the second most prominent channel, with a market share of 29.8%. FSR’s large market share can be attributed to its high-quality offerings, ideal ambience for socializing occasions, and attractive dining atmosphere.
• The FSR channel accounted for the highest count of outlet numbers among all channels in 2021 and increased at a CAGR of 0.1% during 2016-2021. Meanwhile, accommodation channel decreased at a negative CAGR of 0.8% during 2016-2021.
• Delivery and take-away transactions surged in 2021 owing to the consumer fondness towards door-step deliveries. As a result, 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, and Coffee & Tea shop) will allow readers understand the wants and needs of their target demographics.