Czech Republic - The Future of Foodservice to 2021

Czech Republic - The Future of Foodservice to 2021

Published: September 2017
Publisher: GlobalData
Product ref: 282666
Pages: 132
Format: PDF
Delivery: By product vendor

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Summary

"Czech Republic - The Future of Foodservice to 2021", published by GlobalData provides extensive insight and analysis of the Czech Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

Strong economic growth since 2014 has enabled Czech consumers to eat out-of-home increasingly frequently. Price however remains a key factor influencing decision-making in foodservice, and average transaction values are typically low across channels.

Rising levels of disposable income are creating opportunities for operators to premiumize their offerings in order to accommodate consumers seeking a higher-quality out-of-home meal experience. The country’s thriving tourism industry, which is forecast to grow ahead of the wider economy, is also expected to drive accelerating revenue growth in the Czech foodservice market.

Consumers are increasingly demanding greater convenience from foodservice operators, and revenue generated from delivery/takeaway transactions is therefore forecast to grow ahead of the wider profit sector to 2021.

The report includes :
• Overview of the Czech Republic's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Czech Republic’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 the Czech Republic'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 Czech 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 Czech foodservice market.

Scope

• Low prices have enabled Czech consumers to visit foodservice outlets frequently. As levels of disposable income continue to rise, consumers are increasingly seeking out higher-quality offerings, and value considerations are becoming less influential, offering scope for premiumization in the market.
• Consumers are also demanding more convenience from foodservice operators across channels. This is expected to be especially pronounced in FSR, where growth in takeaway and delivery revenue is forecast to far outpace growth in the wider channel.
• A recently enacted smoking ban has the potential to hinder growth in a number of channels, most notably pubs, clubs and bars. Adding value to consumers’ visits will therefore be key to maintaining currently high visit frequencies.

Reasons to buy

• Specific forecasts of the foodservice market over the next five years (2016-2021) 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 the Czech Republic's foodservice market.

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Related research categories

By sector: Catering (in Foodservice/Catering)

By market: Czech Republic (in Europe)


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