Belgium - The Future of Foodservice to 2025

Belgium - The Future of Foodservice to 2025

Summary

Belgium - The Future of Foodservice to 2025” published by GlobalData provides extensive insight and analysis of Belgium's Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

Belgium's foodservice profit sector contracted by a CAGR of 4% from 2015-2020. The adverse impact of the pandemic on restaurants and bars in 2020 played a major role in curtailing the number of transactions over foodservice outlets in 2020. With a decline in the economy and an increase in the unemployment rate, consumers’ purchasing power declined in 2020, hampering their spending on dining out. However, the foodservice industry is expected to stage a sharp rebound over the forecast period, as the Belgian economy is expected to recover in 2021.

The report includes -

• Overview of Belgium's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Belgium'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, pub, club & bar) within Belgium'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 Belgian population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

• In 2020, FSR was the largest channel in terms of sales, followed by Pub, club, and bar, and QSR channels. While pubs, clubs, and bars are witnessing a decline in demand as consumers are curtailing their alcohol consumption, QSR is gaining consumers owing to the expansion of western-style fast-food chains such as McDonald’s.
• The full-service restaurant channel is also the largest channel in Belgium in terms of the number of outlets in 2020, followed by pub, club, and bar. Every channel witnessed either a modest growth in its number of outlets or a decline during the review period.

• 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, pub, club & bar) will allow readers to understand the wants and needs of their target demographics.