Germany - The Future of Foodservice to 2024

Summary

"Germany - The Future of Foodservice to 2024” from the publisher provides extensive insight and analysis of the German 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 German foodservice sector grew over the review period, 2014 - 2019, from €94.9 billion in 2014 to €104.6 billion in 2019. The CAGR of this growth stood at 2% over this period.

Among foodservice channels, full service restaurants accounted for almost a quarter of the value in 2019. Ice cream parlors led the growth chart over the review period, with a CAGR of 10%, followed by leisure. Over the period, the number of transactions rose by 1.3% and the number of outlets by a modest rate of 0.05%. Closure of several pubs, clubs, and bars, as more consumers turned towards reducing their beer consumption played a key role in curtailing the growth rate in the number of outlets.

The adverse impact of the pandemic will play a key role in pushing up the unemployment rate. The pandemic is likely to lead to massive job cuts in the German auto industry. However, the unemployment rate is expected to fall to 4.75% by 2024, as the impact of the pandemic gradually subsides in coming years.

Overview of Germany's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Germany'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 and Pubs, Clubs and Bars) within Germany'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 German population.

Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• The German foodservice profit sector grew from €94.9 billion in 2014 to €104.6 billion in 2019. The CAGR of this growth stood at 2% over this period. Among foodservice channels, full-service restaurants accounted for almost a quarter of the value in 2019. Ice cream parlors led the growth chart over the review period, with a CAGR of 10%, followed by leisure. Over the period, the number of transactions rose by 1.3% and the number of outlets by a modest rate of 0.05%. Closure of several pubs, clubs, and bars, as more consumers turned towards reducing their beer consumption played a key role in curtailing the growth rate in the number of outlets.
• The overall foodservice value is expected to rise by 1.1% over the forecast period, slowing down from 2% of the review period. The number of transactions over this period is expected to grow by 0.7%, slowing down from 1.3% over 2014 - 2019. The number of outlets in the coming years will decline, with foodservice businesses pushed towards closure owing to the financial distress caused by COVID-19. As consumers look to cut down their expenses by eating more at their homes, foodservice operators are expected to experience an adverse impact on their businesses.
• Adoption of technology to complete transactions, contactless home deliveries, and focus on takeaways will play key roles in determining the growth of various foodservice channels.

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 and Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.