(Entertainment-NewsWire.com, May 23, 2017 ) "Cater Insight: Foodservice in Ireland", published by Publisher, provides extensive insight and analysis of the Republic of Ireland's foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers.
The Irish foodservice profit sector is forecast to continue experiencing weak to moderate sales value growth, at a stable CAGR of 1.4% to 2020. Despite the country's promising economic recovery and falling unemployment, weak transaction growth and stagnant outlet growth are set to persist across foodservice channels, as the majority of Irish consumers continue to exibit cautious spending habits.
Fuelled by nostalgia, Irish foodservice consumers actively seek out operators offering locally and transparently sourced, fresh and high quality ingredients, even in the lower-priced QSR channel. The popularity of domestic chains and operators is also strongly linked to consumers' emotional, nostalgia-driven perceptions of these brands, which they associate with pleasant childhood memories and their Irish identities.
- Irish consumers' strong preference and demand for transparent sourcing practices and local products is central to major chain operators' strategies in all key channels. However, this increasingly widespread availability of affordable, high quality and locally sourced fresh products across the foodservice market will force operators to show more creativity and innovation in menus to thrive in a crowded market. - Ireland's strong economic recovery and high tourism numbers are making the Irish restaurant scene more attractive to outside investors, encouraging both international and domestic chains to further expand their networks in coming years, especially in Dublin. - The saturated and heavily fragmented pub, club and bar channel is the largest profit sector channel in terms of outlet numbers and suffered disproportionately from the post-2008 financial crisis recession years. The road to recovery will increasingly require operators in the channel to shift focus towards the 'gastro-pub', offering an enhanced food menu, as well as 'craft' and 'artisan' options.
Reasons to buy
- Specific forecasts of the foodservice market over the next five years (2015-2020) 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, Pubs, Clubs and Bars, FSR and Retail) will allow readers to 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 Irish foodservice market.