Ireland - The Future of Foodservice to 2020

  • ID: 4256779
  • Report
  • Region: Ireland
  • 168 pages
  • GlobalData
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FEATURED COMPANIES

  • Abra Kebabra
  • Domino's Pizza
  • Hard Rock Café
  • Maxol
  • O'Briens
  • SuperValu
  • MORE
Ireland - The Future of Foodservice to 2020

Summary

In the wake of the 2008 financial crisis, the Irish economy suffered a considerable fall, with unemployment reaching its peak rate of 17.6% in 2011. The country’s EUR€85 Billion bailout, set up by the International Monetary Fund (IMF), European Commission and the European Central Bank (ECB) in 2010, and the Irish Government’s program of austerity also resulted in record-high emigration numbers, especially among young people.

Despite rising financial confidence among Irish consumers, Quick Service Restaurants (QSR) operators’ proposition of affordable and convenient food continues to resonate with cautiously optimistic customers, who would prefer to spend their higher disposable incomes on more frequent dining outings than in higher cost channels. Quick Service Restaurants (QSR) channel is the largest profit sector foodservice channel in Ireland.

Saturated and heavily fragmented pub, club and bar channel is the largest profit sector channel in terms of outlet numbers and therefore suffered disproportionately from the post-2008 financial crisis recession years. High unemployment rates and low financial confidence, especially in hard hit rural regions, drove budget tight customers to cut discretionary spending in their local pubs, instead opting to consume alcohol at home at a much lower cost.

Full Service Restaurants (FSR) channel will continue to enjoy steady, moderate value growth over the next five years, driven primarily by rising average transaction values, as cautiously optimistic consumers increasingly complement their meals with alcoholic beverages. Outlet growth is forecast to remain static, with outlet numbers set to rise at a weak CAGR of 0.3% to 2020.

Full Service Restaurants (FSR) channel in Ireland, in contrast to its UK counter-part, is heavily fragmented, with the top chain operators only generating a 5.5% share of the channel’s total sales value in 2015 (compared with 30.0% in the UK). 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 report "Ireland - The Future of Foodservice to 2020" 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.

In particular, this report provides the following analysis:
  • 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 (Quick Service Restaurants (QSR), Pubs, Clubs and Bars, Full Service Restaurants (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.
Companies mentioned in this report: Abra Kebabra, Avoca, Bagel Factory, Dante Pizza, Domino's Pizza, Dunnes Stores, Eddie Rocket's, F.X. Buckley, Hard Rock Café, JD Wetherspoon, KFC, Mao, Maxol, McDonald's, Milano (Pizza Express), Nando's, O'Briens, Portherhouse, Subway, Supermac's, SuperValu, Tesco, Topaz, TGI Friday's.

Scope
  • 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.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Abra Kebabra
  • Domino's Pizza
  • Hard Rock Café
  • Maxol
  • O'Briens
  • SuperValu
  • MORE
Introduction
Report Guide
Executive Summary

Macroeconomic Context
GDP and Consumer Price Index
Population and demographic highlights
Annual household income distribution

Introducing the Consumer Segments
Consumer segment profiles and key identification metrics
Segment engagement overview in four key profit sector channels

Profit Sector Metrics
Key metric highlights
Value share and growth by channel
Outlets and transactions growth by channel
Operator buying volumes and growth by channel
Channel historic and future growth dynamics
Outlet type and type of ownership growth dynamics

Profit Sector by Channel

Quick Service Restaurants (QSR)
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?

Pubs, Clubs and Bars
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?

Full Service Restaurants (FSR)
Summary and key take-out
Metrics
Key players
Key consumers
Why?
What?
Where?
What next?

Retail
Summary and key take-out
Metrics
Key Players
Key consumers
Why?
What?
Where?
What next?

Cost Sector Metrics
Cost operator trends - historic and future growth
Data and channel share breakdown

Education
Metrics - growth dynamics and drivers
Tenders tracker
What next?

Healthcare
Metrics - growth dynamics and drivers
Tenders tracker
What next?

Military and Civil Defense
Metrics - growth dynamics and drivers
Tenders tracker
What next?

Welfare and Services
Metrics - growth dynamics and drivers
Tenders tracker
What next?

Appendix
Note: Product cover images may vary from those shown
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  • Abra Kebabra
  • Avoca
  • Bagel Factory
  • Dante Pizza
  • Domino's Pizza
  • Dunnes Stores
  • Eddie Rocket's
  • F.X. Buckley
  • Hard Rock Café
  • JD Wetherspoon
  • KFC
  • Mao
  • Maxol
  • McDonald's
  • Milano (Pizza Express)
  • Nando's
  • O'Briens
  • Portherhouse
  • Subway
  • Supermac's
  • SuperValu
  • Tesco
  • Topaz
  • TGI Friday's
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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