Switzerland - The Future of Foodservice to 2024

Switzerland - The Future of Foodservice to 2024

Published: December 2020
Publisher: GlobalData
Product ref: 320022
Pages: 125
Format: PDF
Delivery: By product vendor

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Summary

"Switzerland - The Future of Foodservice to 2024” published by GlobalData provides extensive insight and analysis of Switzerland 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 Swiss foodservice profit sector generated total revenue of CHF22.5 billion (US$22.6 billion) in 2019. The value of the sector increased at a CAGR of 3.0% between 2014 and 2019. The health and wellness trend is on rise in Switzerland and consumers are demanding healthier and sustainable food options from operators.

The FSR channel dominates the foodservice market in Switzerland, representing 41.4% of the overall market by revenue. The channel recorded sizable value growth of 3.2% during 2014-2019. However, mobile operator has seen the fastest sales growth at a CAGR of 4.1% during 2014-2019, due to flexibility, relatively ease of operation and low start-up costs.

Chain revenue is growing at a faster rate than revenue allocated to independents across all channels reflecting a growing consolidation in the market. Growth in takeaway revenue is also outpacing dine-in revenue, reflecting a rise in convenience-based occasions across all the key channels.

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

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

Scope

• The Swiss economy witnessed slowdown in 2019 due to lower export demand. The economic growth of Switzerland stood at 0.9% as compared to 2.8% in 2018. Trade tension with the EU is a risk for the economic prosperity of the country. The ongoing global economic crisis due to COVID-19 is expected to affect Swiss economic activity. The economy is expected to contract by 4.5% in 2020. In order to help the business community, affected by the impact of COVID-19, the government has announced various relaxations on the tax regime. These measure are intended to help the business community, which face liquidity problems. The business firms can pay their tax payments till December 2020.
• The FSR is the largest channel in Switzerland profit foodservice sector by revenue, representing 41.4% of total sector revenue in 2019. The channel experienced notable value growth at a CAGR of 3.2% during 2014-2019 and reached a total value of CHF9.3 billion in 2019.
• The popularity of street food resulted in strong growth in number of outlets of mobile operator channel in Switzerland, with growth at CAGR of 1.1% during 2014-2019. Furthermore, due to busy consumers’ preference for quick and convenient food options at an affordable price, the channel is expected to continue to expand and register growth at 0.5% 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 and Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.

Price: $4995.00

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Related research categories

By sector: Catering (in Foodservice/Catering)

By market: Switzerland (in Europe)


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