Norway - The Future of Foodservice to 2024

Summary

"Norway - The Future of Foodservice to 2024” published by the publisher provides extensive insight and analysis of the Norwegian Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:

The Norwegian foodservice profit sector witnessed revenue rising at a CAGR of 3.4% between 2014 and 2019. Sector growth is forecast to grow at a contracted CAGR of 2.0% over the next five years to 2024. The slowdown in sector growth is due to wider economic woes because of the on-going pandemic, as consumers are expected to either cut back on foodservice occasions, or trade down to low-cost options. Outlet growth in all channels is largely static, partly due to a saturated property market that does not provide essential space for profit sector development to the new commercial leasing. Due to this, value growth in all channels is driven mainly by transactional growth.

Overview of Norway's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Norway'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 Shops, Pubs, Clubs and Bars) within Norway'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 Norwegian 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 Norwegian foodservice market.

Scope

• FSR was the largest channel in the Norwegian foodservice profit sector valued at NOK23.2 billion in 2019, growing at a CAGR of 3.3% during 2014-2019. The FSR channel in Norway accounted for a share of 36.5% in 2019. The FSR channel is driven by the increase of the number of transactions.
• Furthermore, as an effect of pandemic the consumers are less likely to be visiting to crowded places for food and other purposes, hence they are ordering food online from their favourite outlets. Various food delivery apps, such as foodora, UberEats and many more have been engaged in delivering food and groceries to consumers, thus maintaining no or low contact delivery. Drive throughs are also a growing a option for consumers among the social distancing times, thus making QSR a convenience driven channel as well.
• Valued at NOK806 million, Norwegian coffee and tea shop market is the smallest channel within the profit sector, accounting for just 1.3% of total sales. Revenue in the channel is expected to increase and reach NOK897 million growing at a CAGR of 2.2% during 2019-2024.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2019-2024) 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 shops, Pubs, Clubs and Bars) will allow readers 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 Norway's foodservice market.