Foodservice Market in Sweden to 2025 - Market Assessment, Channel Dynamics, Customer Segmentation and Key Players

“Foodservice Market in Sweden to 2025” published by the publisher provides extensive insight and analysis of the Swedish Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Sweden foodservice profit sector contracted by a CAGR of 9.9% during 2015-2020. The Swedish government focused on following a lighter approach, allowing opening of restaurants and stores during the pandemic. However, due to the surge in COVID-19 cases and increased fatalities, the government imposed a partial lockdown across restaurants and bars in November 2020, which in turn, impacted the sector’s sales. However, government is focused on providing fiscal packages and extending financial help to small and medium-sized businesses in the industry. As a result, the foodservice industry is anticipated to rebound over the forecast period.

The report includes:

• Overview of Sweden’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Sweden'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 Shop, and Pub, Club & Bar) within Sweden'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 Swedish population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• FSR is the largest channel in the Swedish foodservice profit sector by revenue, representing 35.5% of total sector revenue in 2020. The QSR is the second most prominent channel, with a market share of 22.4%. FSR’s large market share can be attributed to its unique ambience for special occasions and high popularity across millennials.
• The FSR channel led in terms of number of outlets in the country, and recorded an increase of 0.3% during 2015-2020. Meanwhile, the total number of outlets in the QSR and coffee & tea shop channel grew by a CAGR of 0.6% each, during this period.
• Delivery and take-away transactions surged in 2020 owing to the restrictions on the operation of restaurants and cafes and the implementation of social distancing norms amid the pandemic. As a result, QSR channel highlighted highest proportion of takeaway transactions in 2020

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2020-2025) 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 shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.