Denmark - The Future of Foodservice to 2024

Denmark - The Future of Foodservice to 2024

Published: December 2020
Publisher: GlobalData
Product ref: 320026
Pages: 112
Format: PDF
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Summary

"Denmark - The Future of Foodservice to 2024” published by GlobalData provides extensive insight and analysis of the Danish 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 Danish foodservice sector grew by 2.8% in terms of values sales to reach DKK77.9 billion in 2019 from DKK67.7 billion in 2014. Growing demand for convenience among consumers has given impetus to rise in outlets that offer delivery and takeaway options.

The rise in gastronomic tourism in recent years has also been instrumental in driving up revenues of foodservice channels from foreign tourists. More than a quarter of foreign tourists in the country come for gastronomic purposes, with a firm focus on exploring Danish food experiences. In the coming years, value sales of the foodservice industry will increase further. Over the period, 2019 - 2024, the overall value will increase by 2.1% to reach DKK86.5 billion.

The ongoing pandemic will restrict people from eating out for a significant period of time and as a result, revenue growth over the majority of foodservice channels will see a slowdown. However, travel and ice cream parlor channels will gain sales at a higher rate in the forecast period, compared to the review period.

Overview of Denmark's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Denmark'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 Denmark'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 Danish population.

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

Scope

• The Danish foodservice sector grew at a CAGR of 2.8% in terms of values sales to reach DKK77.9 billion in 2019 from DKK67.7 billion in 2014. Over this period, the industry witnessed growth both in the number of transactions and the number of outlets. The rising disposable income of Danish consumers, which enabled them to spend more on eating out has been playing a key role in driving up the value. Growing demand for convenience among consumers has given impetus to a rise in takeaway transactions.
• Rise in gastronomic tourism in recent years has also been instrumental in driving up revenues of the foodservice industry from foreign tourists. A significant share of foreign tourists in the country come for gastronomic purposes, with a firm focus on exploring Danish food experiences. In 2019, the Danish government introduced ‘the Gastro 2025 initiative’, a public-private partnership aimed at attracting such tourists and improving the demand for locally produced food among foreign tourists. In the coming years, value sales of the foodservice industry will increase further. Over the period, 2019 - 2024, the overall value will increase by 2.1% to reach DKK86.5 billion.
• The growth in the overall value will slow down, owing to the deceleration in the number of transactions, as well as the number of outlets. The incidence of the pandemic will restrict people from eating out for a significant period of time and as a result, revenue growth over the majority of foodservice channels will see a slowdown. However, travel and ice cream parlor channels will gain sales at higher rates in the forecast period, compared to the review period.

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.

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Related research categories

By sector: Catering (in Foodservice/Catering)

By market: Denmark (in Europe)


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