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Pulished Date April, 2021
ID: 9554
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Italy Food Service Market by Place Type (Full Service Restaurants, Quick Service Restaurants, Food Junctions Cafeterias/buffets, Bars and Managed Food Service), end-user (Industrial Premises, Commercial and Office Premises, Hospital & Nursing Homes, Educational Premises, In-transit Food Service, and Sports Centers/Malls), and By Region – Industry Size, Growth, Share, Trends, Demand and Forecast Analysis Report 2021-2026

Pulished: April, 2021
ID: 9554
Pages: 100

Italy Food Service Market Overview:

The Italy Food Service Market is determined to experience moderate growth to record a CAGR of about 1.24% throughout the calculated period (2021-2026). The food service market in Italy is extremely fragmented because of the presence of several small players in the country. Influenced by western cuisine, the Italian market has a large part of chain stores, such as McDonald's, Burger King and Yum!. Mobile food services, such as the food truck industry, are also expanding in developing countries due to the increasing penetration of fast food restaurants. The Future growth and sustainability of their businesses, challenges related to government regulations and rising labor costs are creating enormous pressure on industry players. However, the implementation of the technology helps the players of the local food service industry to develop considerably, but the process is not without obstacles.

Recent Developments

In December 2019, Reinhart Foodservice LLC’s purchase has been completed by Performance Food Group Co. (P.F.G.). The former company is a part of the Reyes family of companies and is among the top five food service distributors in the USA.

In January 2020, Imperial Dade, confirmed the acquisition of Wagner Supply Company, which reinforces the former’s presence in Texas, USA.

In March 2020, US Foods confirmed the deal with Smart Foodservice Warehouse Stores that functions with 70 small cash and transportation stores in many US states.

In March 2020, NEOGEN Corporation announced the purchase of assets of Chilean company Magiar Chilena.

Market Drivers and Restraints:

The continued growth of brand franchises, the increased demand for quality and healthy food and the booming digital marketing are just some of the factors that are increasing the restaurant market in Italy. Cafeterias and bars are emerging as one of the most important growth segments in the Italian food service market with growing preferences for coffee, soft drinks and alcoholic beverages. Additionally, cafes that offer affordable food products ranging from hot to cold foods create a greater willingness to spend. Many companies are investing to launch their points of sale in the country. For example, in 2018, the giant, Starbucks Coffee Company, launched its first point of sale in the country. With increasing urbanization and improved lifestyle, Italians increasingly prefer wine to other alcoholic beverages, increasing the activity of the country's wine bars. Although traditional full-service pizzerias and restaurants continue to be a standard option for dining with family and friends, Italian consumers are increasingly drawn to the exciting offer of new limited-service restaurants offering fast and fast service. These outlets have multiplied in recent years, especially in urban areas, and are located halfway between fast food and full service restaurants, focusing on supplying local specialties, ethnic or themed at a reasonable price. Moreover, with the surge in tourist activities, Italy remains the third largest food service market in Europe. Lombardy, Lazio and Campania accounted for the prominent number of catering establishments in the country.

 

Market Segmentation:

By Place type, Italy Food Service Market segmentation has been categorized into Full Service Restaurants, Quick Service Restaurants, Food Junctions Cafeterias/buffets, Bars and Managed Food Service. Among these, full-service restaurants held the highest portion of the local market share in the review period and are foreseen to develop with a notable CAGR in the coming years. In addition, the market percentage of fast food restaurants is increasing because of rapid urbanization and the hectic lifestyle of the population living in metropolitan locales. The rising trend in mobile restaurants, such as food trucks, is also promoting the expansion of the food service industry in Italy. The implementation of strict government regulations is forcing restaurateurs to concentrate more on the quality of their foods and services. Several players in the Italy food service industry are investing more on digital media marketing and other innovative strategies to put exceptional quality in the spotlight. Moreover, the concept of personalization is among of the significant factors encouraging industry players to develop more revenue from fitness freaks and nutrition aware consumers.

By end-user, the local market covers Industrial Premises, Commercial and Office Premises, Hospital & Nursing Homes, Educational Premises (Colleges, Universities, Schools), In-transit Food Service (Airlines, Trains), and Sports Centers/Malls).

Regional Analysis:

The increasing frequency of Italians in restaurants greatly benefits the country's food service sector. According to FIPE, around 39 million people in Italy consumed food in restaurants in 2016, which represented around 35% of the total income generated by food intake in the country. There are 34 million consumers that eat lunch during the week while the number of people that prefer outside dinner remained around 2 million. Italy has more restaurants per sq.km than any other country in the world, which represents a prosperous market for food services in the country.

Leading Company

McDonald had the largest share of Food Service Market in terms of sales and revenue in Italy in 2019.

Key Players

The country has important local and regional brands, such as McDonald’s, Pizza Hut, Yum!, Starbucks, Gruppo Sebeto, Lagardère Food Services SRL and CAMST.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Food Service Market, By Place Type                

                                6.1.1 Full Service Restaurants    

                                6.1.2 Quick Service Restaurants

                                6.1.3 Food Junctions Cafeterias/Buffets

                                6.1.4 Bars            

                                6.1.5 Managed Food Service      

                                6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Food Service Market, By End-User                   

                                6.2.1 Industrial Premises              

                                6.2.2 Commercial and Office Premises   

                                6.2.3 Hospital & Nursing Homes

                                6.2.4 Educational Premises         

                                6.2.5 In-transit Food Service       

                                6.2.6 Sports Centers/Malls          

                                6.2.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.8 Y-o-Y Growth Rate Analysis             

                                6.2.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 Europe                         

                                7.2.1 By Country              

                                                7.2.1.1 UK

                                                7.2.1.2 France

                                                7.2.1.3 Germany

                                                7.2.1.4 Spain

                                                7.2.1.5 Italy

                                                7.2.1.6 Rest of Europe

                                7.2.2 By Place Type         

                                7.2.3 By End-User                                           

8. Key Player Analysis                                    

                8.1 KFC                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 McDonald's                

                8.3 Pizza Hut                      

                8.4 Burger King                 

                8.5 Electrolux                    

                8.6 Hoshizaki Electric Co               

                8.7 Starbucks Corp                          

                8.8 Yum! Brands Inc                       

                8.9 Dunkin 'Donuts                         

                8.10 Papa John's                              

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Type, Application, and Source along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Italy Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  2. Italy Food Service Market By End-User, From 2021-2026 ( USD Billion )

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