Market Research Report
Italy Foodservice Market - Segmented by Type and Structure - Growth, Trends and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704808|
|Published||Content info||80 Pages
Delivery time: 1-2 business days
|Italy Foodservice Market - Segmented by Type and Structure - Growth, Trends and Forecast (2018 - 2023)|
|Published: July 20, 2018||Content info: 80 Pages||
Italy foodservice industry is witnessing a drop in the sales growth rate since 2015, with the decrease in dine-out frequency of consumers. When choosing an eatery, consumers in Italy are increasingly looking for healthier options, which combine good nutritional value. With this rise in demand for organic and locally sourced food, the Italy foodservice market is dominated by local and Independent outlets with a market share of 53% in 2017.
High Impact of Online Foodservice Portals
Italy is the third-largest economy among the European Countries, but exceptionally high public debt burdens have rendered it vulnerable to fluctuation in the financial markets. With limited disposable income, consumers tend to move in favor of cheaper venues, such as fast food outlets or bars with happy hours, where consumers pay for drinks and are offered food free of charge.
In light to the growing interest among Italian consumers for natural, healthy and organic food, several operators in the Italy foodservice market have refocused their menus in order to meet this new demand. Restaurants also offer gluten-free alternatives in the menu, catering the demand of health conscious consumers.
With the increased use of smartphones, more Italian consumers are searching the internet when deciding where and what to eat. Although, this is still in its' early stages, Italy foodservice market as seen a significant growth in online ordering operators such as Just Eat and Deliveroo.
Street stalls/Kiosks is the fastest growing segment
Pizza being less expensive compared to traditional full-service restaurants in Italy, Pizzerias have traditionally been one of the most popular destinations to eat out casually in Italy. Some Italian consumers still prefer to purchase pizzas for takeaway and/or purchase frozen pizza at the grocery store to be eaten at home. Cafes also referred as bars in Italy, have begun to offer breakfast deals, in order to attract consumers who wanted to spend less on dine-out. Coffee being one of the most consumed beverage outside home, tends to hold a prominent market share in the Italy foodservice market.
With independent outlets dominating the Italy foodservice market, fast-food is becoming one of the most dynamic sectors in consumer foodservice along with street stalls/kiosks. Home delivery/takeaway is still a relatively underdeveloped segment in Italy compared to other European countries and is mostly composed of pizza outlets. Self-service cafeterias remain stable, most of them are chained outlets strategically located in prime locations such as shopping malls, airports, etc.
The Italy food service market is largely dominated by the local players. Independent restaurants in Italy gain more market share due to an increased priority for locally sourced food and ingredients. In 2016, fast food outlets registered an increase in value sales while traditional full-service restaurants suffered a considerable loss. Product innovation being the key strategy adopted by the local as well as international players.
Major Players - McDonald's Corp., Burger King Corporation., Dominos Pizza, Yum! Brands, Starbucks Corporation., Telepizza, Autogrill SpA, Cremonini SpA, and Sebeto Spa, among others.
February 20018 - Starbucks Corporations plans to open its first roastery where beans are roasted in-house and visitors can witness the entire coffee-making process.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter's five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
Market Entry Analysis
Macro-Economic Factors affecting Food Service
Ease of Doing Business
Mode of Operating Restaurant
How to Register a Company (Flow Chart)
*The list is not exhaustive**