Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "New Zealand Foodservice Market to 2028" report has been added to ResearchAndMarkets.com's offering.
The report provides extensive insight and analysis of the New Zealand Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers.
The overall value of New Zealand's foodservice profit sector registered a CAGR of 2% during 2018-23, reaching NZD14.3 billion ($8.8 billion) in 2023. This was partly due to an increase in the number of transactions, but mainly due to inflation. The increase in consumer demand for takeouts was one of the major factors in sales growth. The New Zealand profit sector is forecast to record a value CAGR of 5.1% during 2023-28, while the number of transactions will generate a CAGR of 2.4%. Meanwhile, the number of outlets is projected to expand at a CAGR of 0.6% during 2023-28.
Scope
- QSR was the second-largest channel in the New Zealand foodservice profit sector in 2023, with a share of 31.4%. The channel's sales generated a CAGR of 4.3% during 2018-23, reaching NZD4.5 billion ($2.8 billion) in 2023.
- Valued at NZD5.1 billion ($3.1 billion), FSR was the largest channel in the New Zealand foodservice profit sector in 2023. The channel held a 35.4% share of profit sector value sales in the year.
- The New Zealand coffee & tea shop channel generated value sales of NZD472.2 million in 2023. The channel registered minimal growth during 2018-23.
The report includes
- Overview of New Zealand's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the New Zealand 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 coffee & tea shop) within the New Zealand 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 New Zealand population.
- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Key Topics Covered:
- Introduction
- Report Guide
- Executive Summary
- Macroeconomic Context
- Macroeconomic Overview
- Trends Landscape
- Profit Sector - Consumer Behavior
- Profit Sector
- Profit Sector Metrics
- Key Metric Highlights
- Value Share and Growth by Channel
- Outlets and Transactions Growth by Channel
- Operator Buying Volumes and Growth by Channel
- Channel Historic and Future Growth Dynamics
- Outlet-Type and Owner-Type Growth Dynamics
- Quick-Service Restaurant (QSR)
- Full-Service Restaurant (FSR)
- Coffee & Tea Shop
- Cost Sector Metrics
- Cost Operator Trends - Historic and Future Growth
- Data and Channel Share Breakdown
- Appendix
A selection of companies mentioned in this report includes, but is not limited to:
- Yum! Brands
- McDonald's Corporation
- Domino's Pizza
- Roark Capital Group
- Restaurant Brands International
- Lone Star Cafe and Bar Franchise Limited
- Joe's Garage
- Starbucks Corporation
- Columbus Coffee
- Minor International
- Robert Harris
- Foodco Group
- Joylab
- Little India
For more information about this report visit https://www.researchandmarkets.com/r/a1kyy1
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