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Portugal - The Future of Foodservice to 2024

Portugal - The Future of Foodservice to 2024

  • October 2020
  • 145 pages
  • ID: 5082238
  • Format: PDF
  • GlobalData

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Portugal - The Future of Foodservice to 2024

Summary
"Portugal - The Future of Foodservice to 2024” provides extensive insight and analysis of the Portuguese 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 overall value of the Portuguese foodservice profit sector grew at a CAGR of 3.0% between 2014 and 2019 and had a value of EUR12.5 billion in 2019. Growth of the profit sector in the Portuguese foodservice market in recent years has been predominantly driven by an increasing amount of transactions due to increasing disposable income of Portuguese. However, both sales and transactional growth are expected to contract during 2019-2024, as the economic climate, will be negatively affected by COVID-19 leading to a decline in consumer confidence. The profit sector is forecast to experience a slower growth in sales value to 2024, this will result in a combined sector revenue of EUR12.9 billion by 2024.

Overview of Portugal’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Portugal’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 Portugal’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 Portuguese 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 Portuguese foodservice market.

Scope
- Due to changing consumer lifestyle, consumers are seeking greater convenience within foodservice , as a result over the next five years, QSR revenue generated by takeaway transactions is forecast to grow at a CAGR of 4.0%, whereas, 0.2% CAGR for dine-in occasions over the same period.
- Valued at EUR3.9 billion in 2019, FSR is Portugal’s largest foodservice channel, accounting for 31.5% of total profit sector sales revenue. The channel registered sizable CAGR of 3.7% during 2014-2019. The FSR channel is driven by the increase of both the number of “Out-of-home” transactions and the average transaction price.
- Coffee & tea shop is the most frequented channel in Portuguese foodservice profit sector, with 67% consumers claiming to have visited the channel in the last week, highest among all the restaurant channel.

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 Portugal’s foodservice market.

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