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Friday, 19 May 2017
Growth Prospects of the Foodservice in Ireland
Cater Insight: Foodservice in Ireland is a new market research publication announced by Reportstack. This report provides extensive insight and analysis of the Republic of Ireland's foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers.
The Irish foodservice profit sector is forecast to continue experiencing weak to moderate sales value growth, at a stable CAGR of 1.4% to 2020. Despite the country's promising economic recovery and falling unemployment, weak transaction growth and stagnant outlet growth are set to persist across foodservice channels, as the majority of Irish consumers continue to exibit cautious spending habits.
Fuelled by nostalgia, Irish foodservice consumers actively seek out operators offering locally and transparently sourced, fresh and high quality ingredients, even in the lower-priced QSR channel. The popularity of domestic chains and operators is also strongly linked to consumers’ emotional, nostalgia-driven perceptions of these brands, which they associate with pleasant childhood memories and their Irish identities.
The report includes - - Overview of the Republic of Ireland's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Irish 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, Pubs, Clubs and Bars, FSR and Retail) within the Irish 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 Irish population. - Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets. - Case Studies: Learn from examples of recent successes and failures within the Irish foodservice market.
- Irish consumers’ strong preference and demand for transparent sourcing practices and local products is central to major chain operators’ strategies in all key channels. However, this increasingly widespread availability of affordable, high quality and locally sourced fresh products across the foodservice market will force operators to show more creativity and innovation in menus to thrive in a crowded market. - Ireland’s strong economic recovery and high tourism numbers are making the Irish restaurant scene more attractive to outside investors, encouraging both international and domestic chains to further expand their networks in coming years, especially in Dublin. - The saturated and heavily fragmented pub, club and bar channel is the largest profit sector channel in terms of outlet numbers and suffered disproportionately from the post-2008 financial crisis recession years. The road to recovery will increasingly require operators in the channel to shift focus towards the ‘gastro-pub’, offering an enhanced food menu, as well as ‘craft’ and ‘artisan’ options.
Reasons to buy
- Specific forecasts of the foodservice market over the next five years (2015-2020) 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, Pubs, Clubs and Bars, FSR and Retail) will allow readers to understand the wants and needs of their target demographics. - Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the Irish foodservice market.
Abra Kebabra Avoca Bagel Factory Dante Pizza Domino's Pizza Dunnes Stores Eddie Rocket's F.X. Buckley Hard Rock Café JD WetherspoonKFC Mao Maxol McDonald's Milano (Pizza Express) Nando's O'Briens Portherhouse Subway Supermac's SuperValu Tesco Topaz TGI Friday's