Ireland Foodservice: The Future of Foodservice in Ireland to 2016

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This report is the result of Canadean’s extensive market and company research covering the Ireland foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry, and Ireland’s business environment and landscape. Ireland has been one of the most affected economies in Europe during the recession and this report provides details of the foodservice industry which has been impacted by the economic slowdown.

Ireland Foodservice Industry

Published: March 2012
No. of Pages: 203
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What is the current market landscape and what is changing?
The Irish foodservice industry is expected to record positive CAGR from 2011 – 2016, primarily due to rising disposable income leading to increased consumer expenditure in the Ireland. The foodservice sector will have to deal with the emergence of a number of new trends, including restaurants offering mini meals and combos, discounts, and promotional offers in order to generate customer traffic.

What are the key drivers behind recent market changes?
Ireland’s foodservice sector has been driven recently by the changing demographics of the population and a shift in consumer preferences towards nutritional and healthy eating. Ireland’s foodservice sector is, however, majorly dependent on performance of the profit sector, which was severely affected by the economic downturn in Ireland. During the economic downturn period, consumers’ spending patterns have changed, which has affected the dining out behavior of consumers.

What makes this report unique and essential to read?
Ireland Foodservice: The Future of Foodservice in Ireland to 2016 provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Ireland food service value chain, and for new companies considering entering the industry.

  • This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within Ireland.
  • This report provides readers with in-depth data on the valuation and development of both profit and cost sectors in Ireland foodservice market.
  • This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet and transactions per outlet per week across nearly 50 sub-channels.
  • This report provides highly insightful future forecasts and historic market data to aid market and strategic planning.
  • This report will help you to assess the impact of economic recession and recovery on foodservice market growth.
Reasons To Buy
  • Data sets are provided for 2006 through to 2016, with actual data provided until 2011.
  • All initial market sizing and analysis is conducted in local currency in order to ensure local trends are reflected in the data before conversion into other currencies.
  • This report covers 11 foodservice channels, seven of profit and four of cost sector, further segmented into nearly 50 sub-channels.
Key Highlights
  • Ireland’s net debt has risen from 12.1% of GDP in 2006 to 98.8% of GDP in 2011, and is expected to increase further to 100.3% in 2016. These increasing debt levels come at the same time as a sovereign debt crisis in many EU nations, and this combination is expected to have a damaging effect on Irish consumer sentiment.
  • The global financial crisis has also had a negative impact on disposable income, which led to the tightening of trading environments for foodservice operators during 2009.
  • Ireland’s foodservice sector is expected to experience a sluggish growth in the next two years, as channels such as leisure, workplace, and restaurant will witness increased patronization because of the strengthening of consumer confidence due to reducing unemployment and rising income levels of consumers.
  • Fast-paced urban life and rising employment of women are driving speed and convenience foodservices. The rising population of working women has reduced the average time spent on cooking, which in turn increased the frequency of eating out. Moreover, the recession forced single-member households to focus more on work, which also increased demand for foodservices, especially QSRs.
  • The Irish foodservice providers are at the forefront to capitalize this opportunity, which has redefined the relation between customers and foodservice providers. Foodservice providers are making active use of these social networking sites, offering menus and promotional discounts, and are preparing new applications on different formats, which can attract customers.
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