Norway - The Future of Foodservice to 2023

Norway - The Future of Foodservice to 2023

Summary

Overall, profit sector revenue rose at a CAGR of 3.2% between 2016 and 2018. This growth is forecast to slow down to CAGR of 2.4% during 2018-2023. Increasing transaction values are driving growth in most foodservice channels. Multiple channels are set to see increased demand for convenience to 2023, this includes a greater provision of takeaway and delivery across the sector. Channel boundaries are also becoming increasingly blurred, as operators from different channels compete for the same or similar visit occasions. A key trend that has emerged from this convergence is the growing popularity of casual dining in FSR.

"Norway - The Future of Foodservice to 2023” published by GlobalData provides extensive insight and analysis of the Norwegian Foodservice market over the next five years (2018-2023) and acts as a vital point of reference for operators or suppliers. The report includes -

- Overview of Norway's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Norway'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 Norway'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 Norwegian 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 Norwegian foodservice market.

Scope

- The QSR channel was Norway’s fourth-largest foodservice profit sector channel by revenue in 2018, and has by far the greatest penetration of chained operators, with branded players generating almost 80% of channel revenue in 2018.

- New-Nordic style fine ding has placed the Scandinavian region at the forefront of global cuisine, FSR is set to benefit from increased food tourism as a result.
- Coffee and tea shop channel is comparatively a small channel in the Norway’s foodservice profit sector. Preference for local or independent outlets over large chain operators such as Starbucks drove channel’s overall value growth. Higher preference for independents can be attributed to the willingness of Norwegians to support local businesses and the belief of a higher quality product available with the local operators.

Reasons to buy

- Specific forecasts of the foodservice market over the next five years (2018-2023) 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 Norway's foodservice market.