Published on : Aug 04, 2017
Albany, New York, August 4, 2017: Foodservice in Sweden is growing continuously, fueled by the presence of a high number of affluent consumers willing to spend on food service both as a treat and as a convenience product. To discuss the future perspective of the food service in Sweden, Market Research Hub (MRH) has recently added a study titled as “Sweden - The Future of Foodservice to 2020” to its vast report database. The analysis evaluates the overall revenue in the Swedish foodservice profit sector, which has grown at a CAGR of 2.2% between 2013 and 2015 and is further estimated for forecast growth at a similar rate, estimated for 2015-2020.
Sweden is an affluent country with the presence of consumers having discretionary income to spend on frequent visits to foodservice outlets. Further, consumers often prioritize quality and experience over value considerations. Also, foodservice in Sweden is seeing the blurring of channel boundaries and a long term trend of convergence and consolidation. Swedish culture is engraved with the famous culture of eating out, the concept of "Fika" and social drinking and represent opportunities for both growth and modernization for operators in food service.
Sweden's foodservice market is also experiencing changes driven by the health concerns. Thus, many consumers are cutting down on meat and refined carbohydrates consumption. Consequently, increasing the provision of health focused products has allowed operators to increase prices and has improved brand image. Interestingly, consumers in Sweden also value locally made and sourced products’ this facet of Swedish culture has resulted in "hyperlocalism", where operators produce everything on-site or with a tight supply chain. Furthermore, craft drinks, such as beer and coffee are becoming increasingly prevalent in the region.
The report covers details about the executive summary, macroeconomic context and briefing the various consumer segments. Based on the macroeconomic context, the GDP and consumer price index, population & demographic highlights and annual household income distribution is explained thoroughly in this report. Moreover, the various consumer segments are elaborated for the profile, identification metrics, and the key profit sector channels. The various profit sector channels profiled in the report are quick service restaurants (QSR), full-service restaurants (FSR), coffee and tea shops, and pubs, clubs & bars. Similarly, cost sector metrics are depicted with its growth dynamics and drivers. The analyzed sectors include education, healthcare, military & civil defense, and welfare & services. The report proves to be the vital point of reference for operators or suppliers over the next five years (2015-2020) and acts as a complete repository for the decision making by industry experts.
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