Portuguese Foodservice: The Future of Foodservice in Portugal to 2016

Within the foodservice industry, the profit sector accounted for a 96.2% share of the total foodservice sales in 2011 and registered a sales growth of CAGR 1.34% during the review period. In 2011, the cost sector of the foodservice industry represented 3.8% of total foodservice sales and registered a CAGR of 2.54% during the review period (reference see graph below). Restaurants are the largest contributor to the total foodservice sales in the country, with a share of 63.2% in 2011. The largest channel in the cost sector was education foodservices, which contributed 38.2% of the total cost sector sales.

Portugal’s economy registered a negative GDP growth rate between 2007 and 2009, which also affected the country’s foodservice industry. During the financial crisis, GDP growth (constant) declined from 2.42% in 2007 to -0.9% in 2009.

The GDP growth was positive at 1.3% in 2010, but declined to -1.6% in 2011 due to the fiscal debt crisis prevailing in Portugal. In 2011, the foodservice industry contributed 5.2% to the GDP. The contribution to the GDP for foodservices remained constant, at 5.0% between 2008 and 2010 due to increasing unemployment and decreasing disposable income in the country.

Unemployment rates rose from 8.9% in 2007 to 10.6% in 2009. The unemployment rate further increased to 12.04% in 2010. Under such economic conditions the rate of saving increased from 6.1% in 2007 to 8.8% in 2009. The savings rate decreased nominally to 8.1% in 2010, and in 2011 it decreased further to 7.8%.

In 2010, the impact of the Portuguese economic slowdown on the foodservice industry was adverse in terms of lesser consumer spending, when compared to spending levels in 2006. The increased consumer saving rates led to a decline in the sales of restaurants, bars, and hotels in the foodservice industry in 2009.

In 2011, Portugal had 900,000 people over the age of 65 years, which comprised 18% of the total population. This signifies the rapidly aging population of the country and changing food habits. The popularity of organic and fresh food is growing in the country and the demand for healthy food is increasing.

About Canadean

Canadean has long held a reputation with FMCG markets for providing specialist business information by conducting detailed industry and consumer research, supported by insightful value-added analysis. We cover the entire spectrum of the consumer value chain from suppliers, brand owners, distribution channels and consumer insight.

By researching markets in a holistic way, Canadean’s research methodology enables clients to make informed strategical decisions that are founded on robust and reliable data and market insights. We specialise in online survey panels, qualitative and quantitative in-country research, industry analysis and consultancy.

Canadean’s dedicated in-country researchers and analysts have an industry background in marketing, market research, consulting and advanced statistical expertise. They are well positioned in the industries themselves and therefore, best placed to ask the right questions of the right people. This network of professional researchers stretches across more than 80 countries, enabling Canadean to conduct unique research via our trusted business communities.

Request a Sample @ http://www.reportsnreports.com/reports/158367-portuguese-foodservice-the-future-of-foodservice-in-portugal-to-2016.html