New Zealand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

New Zealand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Summary

“New Zealand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the New Zealand Foodservice market over the next five years (2022-2027) and acts as a vital point of reference for operators or suppliers.

New Zealand’s nominal GDP per capita recorded an annual increase of 8.1% in 2022, accelerated by the progressive expansion of business services, transport, postal and warehousing, wholesale trade, and healthcare and social assistance. In New Zealand, the overall value of the foodservice profit sector decreased at a negative CAGR of 0.1% during 2017-22, to stand at NZD12.8 billion ($8.1 billion) in 2022. The profit sector is forecast to expand at a CAGR of 6.8% during 2022-27, as consumers shift back to their pre-pandemic lifestyles with the removal of restrictions. Operators will be focused on offering healthier products due to the rising health and wellness trend in the country.

The report includes -

• Overview of Coffee & Tea Shop 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's population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

Scope

• FSR was the largest channel in New Zealand’s foodservice profit sector in 2022, accounting for 35.5% of the total revenue. During 2017-22, the average transaction value rose at a CAGR of 0.7% and the number of outlets increased at a CAGR of 0.7%.
• QSR was the second-largest channel in the New Zealand foodservice profit sector in 2022, accounting for a value share of 31.6%. The number of transactions and the average transaction value rose at CAGRs of 1% and 1.4%, respectively, during 2017-22.
• The coffee & tea shop channel accounted for a 3.3% share of the profit sector’s overall sales in 2022. The channel registered a negative CAGR of 1.7% during 2017-22, to stand at NZD425 million ($270 million) in 2022.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-2027) 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.