Food & Beverages

Danish Foodservice: The Future of Foodservice in Denmark to 2016

  • CAN99634
  • 188 Pages
  • August 2012
  • Food & Beverages
Synopsis
"Danish Foodservice: The Future of Foodservice in Denmark to 2016 provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Danish foodservice value chain, and for new companies considering entering the market.
Scope
Market insight
This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within Denmark.

Sector analysis
This report provides readers with in-depth data on the valuation and development of both the profit and cost sectors in the Danish foodservice market.

Industry data
This report provides details on the number of outlets, transactions, average prices, foodservice sales, sales per outlet, and transactions per outlet per week, across nearly 50 sub-channels.

Forecast data
This report provides highly granular future forecasts and historic market data to aid market and strategic planning.

Market conditions
This report will help you to assess the impact of the economic recession and recovery on foodservice market growth.
Summary
Why was the report written?
This report is the result of Canadeans extensive market and company research covering the Danish Foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry and Denmarks business environment and landscape.Danish Foodservice: The Future of Foodservice in Denmark to 2016 provides a top-level overview and detailed market, channel and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Danish Foodservice value chain, and for new companies considering entering the market.

What is the current market landscape and what is changing?
Steady GDP growth, accompanied with lower inflation, has been a major driving factor in the growth of the Danish foodservice industry. GDP, at constant prices, grew by 1.1% in 2011, and the inflation level was below 2%, which is in the comfortable zone. The economy has also been showing signs of growth with industrial output increasing by 1.6% between 2011 and 2010, which is a good indicator for a developed country.

What are the key drivers behind recent market changes?
During the review period, changes in the lifestyle of the working population, high per-capita incomes, increasing awareness of nutritious food, and changing demographics supported growth in the foodservice market.

What makes this report unique and essential to read?
Danish Foodservice: The Future of Foodservice in Denmark to 2016 provides a top-level overview and detailed market, channel and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Danish Foodservice value chain, and for new companies considering entering the market.
ReasonsToBuy
Steady GDP growth, lower inflation and increase in business confidence driving the foodservice sales
Growth in GDP and lower inflation were the primary reasons for the growth in foodservice sales in the country during the review period. Danish foodservice sales are expected to increase on account of the high urbanized population and changes in eating habits, which are expected to make Denmark a leader in the foodservice industry among the global developed economies.

Restaurants suffered due to rise in inflation
The sudden increase in inflation in 20082009 lead to the increase prices of raw materials and subsequently restaurant meals became more expensive, which had an adverse effect on restaurant sales.

Growth in unemployment negatively impact food services industry
The unemployment rate increased to 6.07% in 2009 and it became difficult to find and retain jobs. This affected consumer confidence in Denmark, which declined sharply in 2009, and this coupled with high unemployment rates decreased consumer spending and the number of transactions in restaurants decreased during this period.

Growth in travel and tourism spending to support foodservice sales
Tourism has received an impetus due to high disposable incomes, a better travel network and a spirit of optimistic economy prevailing in the country.

Increase in Internet penetration in the country has made foodservices more convenient for the consumers
As more people are able to access the internet, the foodservice sector in Denmark has gained directly from it. Consumers can now check and compare different restaurants and other foodservice outlets and choose a place that best suits their needs. Furthermore, they were able to reserve tables in restaurants and place their menu orders by using internet.
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