France Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

France Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

France Foodservice Market is forecasted and growing at a CAGR of 2.0% during the forecast period.

Key Highlights

• A large proportion of the urban population is time-pressed, and with these consumers seeking convenient food options, there is significant demand for Quick Service Restaurants and Fast Food. Social networking is playing a pivotal role in bringing consumers and restaurant operators closer with a number of platforms offering consumers to share their views and experiences online, thus bridging the gap between consumers and Foodservice operators.
• Accommodation will be the fastest growing Profit channel in terms of sales during 2016-2020, driven by the tourism industry which is expected to witness a boost in the number of international visitors in the times ahead.

Key Market TrendsRise in the Adoption of Awareness

Owing to the robust growth of social networks, there has been an increase in the adoption of modern lifestyles across the entire France population. There has been a steady demand for new menus and dishes among the youth population. Due to the rise in public awareness for food safety and hygiene, across the foodservice institutions, the entire population is cautious about the quality. This helps the entire population to decide upon their food purchase decisions. In 2016, the youth population aged under 25 years in France accounted for a major share of the entire population. The younger generation fancies to live modern lifestyles and prefers socializing away from home, in foodservice establishments, similar to that of western countries. Hence the rise in the young population has led to the rise in demand for cafes and bars.

Pizza 100% Home Delivery/Takeaway Is Highly Concentrated

France has one of the highest rates of consumption of pizza per capita globally. Dynamism is largely driven by the success of 100% home delivery/takeaway chains Domino’s Pizza and Pizza Hut. The growing popularity of pizza in France has encouraged international companies to expand in the country, along with the steady competition from local players. The major companies also offer a 30 mins delivery service for the pizza, thus, making it easily accessible to the consumers in the urban areas. The multinational brands have also changed their product portfolio and have started to develop products using French flavors to cater to domestic consumers.

Competitive Landscape

The most prominent companies in this region include McDonald’s, Yum! Brands , Agapes, Areas (Elior), Le Duff, Buffalo Grill among others. Some of the renowned and luxurious hotel groups in France, including Groupe Bertrand, Groupe Holder, have full-service restaurants with various cuisines.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

McDonald's
Groupe Bertrand
Agapes
Areas(Elior)
Yum! Brands
Le Duff
Buffalo Grill
Groupe Holder
Amrest

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