Italy - The Future of Foodservice to 2028

"Italy - The Future of Foodservice to 2028" published by GlobalData provides extensive insight and analysis of the Italian Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers. The report includes -

• Overview of Italy's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Italian 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 the Italian 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 Italian population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

In 2023, Italy recorded annual nominal GDP per capita growth of 5% due to strong growth in the tourism sector. The sector contributed 10.5% of the country's overall economic output in 2023. The working-age population (aged 15-64) accounted for 63.5% of the total population in 2023. However, the proportion of the working-age population is expected to decline to 62.5% in 2028. The unemployment rate was recorded at 7.8% in 2023. It is expected to increase to 8.1% in 2028.

Scope

• The Italian foodservice profit sector generated total revenue of EUR135.9 billion ($146.9 billion) in 2023, rising from EUR114.9 billion ($135.7 billion) in 2018, reflecting a compound annual growth rate (CAGR) of 3.4%. The number of transactions registered a CAGR of 0.5%, while the number of outlets recorded a CAGR of 0.4%. Additionally, coffee & tea shop led the foodservice profit sector in 2023, accounting for 41% of total sales. The foodservice profit sector is expected to reach EUR169.8 billion ($181.3 billion) in 2028, registering a CAGR of 4.6% during 2023-28, while the number of transactions will achieve a CAGR of 2.7%.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2023-28) 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.