France Foodservice Market size is projected to reach $1,320 million by 2026, growing at a CAGR of 3.5% over 2021-2026. Foodservice is a kind of facility that helps to serve meals and snacks to people outside their home. Food services are also called as catering services that covers the services in various kind of restaurants such as street kiosks, Caravan Park, quick service restaurant, full service restaurant and many more. The foodservice market has a strong degree of competition that increases the new entrants of food suppliers in order to increases the growth of foodservice market. The rising adoption of modern lifestyle increases the demand of ready to eat food options and increasing popularity of pizza among consumers are the major factors driving the growth of this market. The foodservices sector in France is very strong and therefore food companies are providing good food at low prices in order to gain food service market share. In France, the style of food service is changing rapidly according to the changing environment which offers people a fast service owing to their changing lifestyle. Furthermore, growing progress in tourism industry increases the need of fastest foodservice of food, rising development of new technique for the different types of food menu increases the growth of food service sector and growing adoption of social networking increases the number of platforms for consumers to share their views and experiences online that helps to fill gap between consumers and foodservice operators that is set to further enhance the overall market demand for France Foodservice Market for the period 2021-2026.
- Rising adoption of modern lifestyle increases the demand of ready to eat food options and increasing popularity of pizza among consumers are some factors that are driving the growth of the France Foodservice Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the France Foodservice Market report.
- Rising concerns about health owing to consumption of ready to eat processed food is set to restrain the growth for the France Foodservice Market.
France Foodservice Segment Analysis – By Type
Based on Type, France Foodservice Market can be further segmented into Full-Service Restaurants, Self-Service Cafeterias, Street Stalls, Fast Food, Cafes and Bars, and 100% Home Delivery Takeaway. The 100% Home Delivery Takeaway segment hold the major share in 2020. This is mainly owing to number of food delivery apps coming up which saves the consumers time as they get the food delivered to them quickly, moreover there are many discounts given by food delivering apps increasing the need of home delivery option. Moreover, owing to lockdowns during pandemic home delivery becomes more preferable option to consumers that enhancing the growth of this market. The Cafes and Bars segment is estimated to register the fastest CAGR of 4.1% for the period 2021-2026. This is mainly owing to cafes and bars offers various kinds of cuisine that attract different customers with their preferable taste buds. Moreover, rising modern lifestyle among teenagers, families and young professionals increases the preference of cafe and bars which in turn boosting the growth of France Foodservice market.
France Foodservice Segment Analysis – By Structure Type
Based on Structure Type, France Foodservice Market can be further segmented into Chained Outlets, and Independent Outlets. The Chained Outlets segment recorded for the highest Asia-pacific Vinegar market share in 2020. This is mainly owing to its easy availability near highways and shopping centers that helps consumers to get foodservice easily. Moreover, rising adoption of hassle free and nutritious food increases the preference of chained stores among consumers. The Independent Outlet segment is forecasted to register the fastest CAGR of 5.3% over 2021-2026. This is mainly owing to the fact that independent outlets offers more quality food and better service that increases the demand of independent outlets that are driving the growth of France Foodservice market.
France Foodservice Market Drivers
- Rising Adoption of Modern Lifestyle
Rising adoption of modern lifestyle increases the demand of ready to eat and convenient food options is a major factor that is increasing the growth of France Foodservice Market. Moreover, the demand of quick service restaurants increases owing to rising hectic and busy lifestyle among consumers which in turn boosting the growth of the France Foodservice Market over 2021-2026.
- Increasing popularity of pizza among consumers
France is considered as the highest consumption rates of pizza that increases the popularity of home delivery option of pizza are driving the growth of this Market. Moreover, about 40 percent of French people are consumed pizza in 2019 that increases the popularity of pizza and are driving the growth of France Foodservice Market over 2021-2026.
- Covid-19 Impact:
COVID-19 pandemic had greatly affected the growth of France Foodservice Market. During pandemic, owing to increasing cases of COVID-19 the demand of home delivery increases in order to avoid gathering that are positively impacted the growth of France Foodservice market.
France Foodservice Market Challenges
- Rising Concerns about Health
The factors that is set to impede the growth of the France Foodservice Market are the rising consumption of ready to eat or processed food increases the concerns about health. Moreover, increasing fast food delivery service sometimes degrade the quality of food that also rising the risk about health among consumers which are set to create hurdles for the France Foodservice Market.
France Foodservice Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the France Foodservice Market. France Foodservice top 10 companies are McDonald’s, Groupe Bertrand, Agapes, AgapesAreas (Elior), Yum! Brandsl, Le Duff, Amrest, Groupe Holder, Buffalo Grill, and Burger King.
- In November 2020, McDonald’s launched a new plant-based burger named “McPlant” for the people who do not eat meat.
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