"France 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 French Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.
Synopsis
- The overall value of France's foodservice profit sector declined, recording a negative CAGR of 5.6% during 2016-21 reaching EUR94.2 billion ($111.4 billion) in 2021. This decline was due to a substantial reduction in the number of transactions in 2021, owing to the COVID-19 pandemic.
- However, take-away transactions representing a significant percentage of revenue in restaurant channels, recorded strong growth in the QSR and FSR channels during 2016-21.
- QSR was the largest foodservice channel in terms of value sales. Moreover, owing to a rise in take-away sales, the channel recorded value growth during 2016-21.
The report includes -
- Overview of France's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on France'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, Coffee & Tea Shop, and Pub, Club & Bar) within France'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 French population.
- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Scope
- The French foodservice profit sector generated a total revenue of EUR94.2 billion ($111.4 billion) in 2021, registering a negative CAGR of 5.6% from EUR126 billion ($139.3 billion) in 2016. The decline was primarily due to the reduced number of transactions during 2016-21, recording a negative CAGR of 4.5%.
- The deliveries and take-aways played a significant role in the sector and partially cushioned the fall in 2021. Take-away sales grew at a CAGR of 3.9% during 2016-21, while dine-in sales fell at a negative CAGR of 7.1%. Moreover, the channel's growth was hampered by disruptions in supply chain due to low manufacturing and labor shortages resulting from safety measures aimed at curbing the spread of COVID-19 in 2021.
- The foodservice profit sector will reach EUR155.1 billion ($188 billion), registering a strong CAGR of 10.5% during 2021-26. QSR was the largest channel, accounting for 41.9% of the overall value in 2021. FSR was the second-largest channel in the foodservice profit sector, with a sales share of 28.4% in 2021. The FSR channel led the profit sector in terms of outlet count in 2021, with 86,514 outlets.
Reasons to Buy
- 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, Coffee & Tea Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.