Denmark Foodservice Market to 2025

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

The Danish foodservice profit sector was valued at DKK48.4 billion ($7.4 billion) in 2020. The sales decreased at a CAGR of 7.0% during 2015-2020 and this decline was mainly caused by the substantial fall in the number of transactions in 2020 due to the operational restrictions on restaurants, cafés, and other foodservice outlets amid the COVID-19 crisis. Take-aways and deliveries played a key role during the pandemic as only these services were permitted during most of 2020 and this accelerated the shift toward online ordering. Under the state aid temporary framework, businesses impacted by the pandemic were given direct grants to mitigate losses. However, the support received was marginal compared to the profit that these businesses would have generated. The Denmark’s foodserivce profit sector is forecast to stage a sharp reboud at a CAGR of 13.0% during 2020-2025, primarily due to an increase in transactions.

The report includes - - 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 Pub, Club & Bar) 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 Denmarkn population.- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• Full-service restaurant (FSR) is the largest channel in the Denmark's foodservice profit sector by revenue, representing 37.6% of total sector revenue in 2020. Quick-service restaurant (QSR) and pub, club & bar are among other prominent channels, with market shares of 21.7% and 17% respectively. However, QSR channel topped the transactions charts in 2020 owing to its affordable offerings, although it was not the largest channel in terms of number of sales and number of outlets.- The sales in the FSR channel declined at a significant 4.8% during 2015-2020, primarily due to the operational restrictions imposed on restaurants and suspension of dine-in services, along with the enforcement of social distancing measures. Moreover, the channel was severely impacted by tourism restrictions. The FSR channel is forecast to recover to grow at a CAGR of 10.5% during 2020-2025.
• Although the QSR channel also recorded decline in sales, it fared better than other profit sector channels as QSR operators adapted to the new operating conditions through increased focus on take-away and delivery services. Value sales in the channel were driven by its convenient yet tasty offerings at affordable prices. The channel’s value sales are set to grow at a strong CAGR of 8.8% during 2020-2025.

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, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.