Market Size of Benelux Foodservice Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.23 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Benelux Foodservice Market Analysis
Benelux foodservice market is projected to register a CAGR of 8.23% during the forecast period, 2022-2027.
Consumers' inclination toward convenient and on-the-go food options is the key attribute driving the growth of the foodservice market across the region. Additionally, changing dietary patterns and the increasing influence of international cuisines on food habits are likely to drive consumer spending on out-of-home food consumption. The popularity of hot-pot cuisines and the increasing demand for western-style fast food have led to the rapid expansion of the market studied. Moreover, the market is being driven by factors such as the increasing inbound tourists, the growing percentage of the young and working population, and the availability of organized fast-food chain restaurants offering quality food and services.
In the medium term, the busy lifestyles of consumers are anticipated to foster the takeaway and home delivery trends, which is leading to the growth of innovative food service outlets. In addition, the expansion of internet infrastructure and online payment ecosystem is enabling the development of cloud-kitchen services in region.
Benelux Foodservice Industry Segmentation
Foodservice is termed as the business of making, transporting, and dispensing prepared foods, as in a restaurant or cafeteria. The market is segmented by type, structure, and geography. By type, the market is segmented into Full-service restaurants (FSR), Cafes and Bars, Street Stalls and Kiosks, Quick Service Restaurants, and 100% Home Delivery restaurants. By structure, the market is segmented into Chained outlets and Independent outlets. It also provides an analysis of Belgium, Netherlands, and Luxembourg food service markets. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
By Type | |
Full-Service Restaurant (FSRs) | |
Cafes and Bars | |
Street Stalls and Kiosks | |
Quick Service Restaurants | |
100% Home Delivery Restaurant |
By Structure | |
Chained Outlets | |
Independent Outlets |
By Geography | |
Belgium | |
Netherlands | |
Luxembourg |
Benelux Foodservice Market Size Summary
The Benelux foodservice market is experiencing significant growth, driven by a shift in consumer preferences towards convenient and on-the-go food options. This trend is further fueled by changing dietary patterns and the increasing influence of international cuisines, which are encouraging higher consumer spending on out-of-home dining. The market is expanding rapidly due to factors such as the rise in inbound tourism, a growing young and working population, and the proliferation of organized fast-food chains offering quality services. The busy lifestyles of consumers are also promoting the popularity of takeaway and home delivery services, supported by advancements in internet infrastructure and online payment systems that facilitate cloud-kitchen services. The entry of foreign operators and the expansion of international fast-food brands are contributing to the market's dynamic landscape, as these companies adapt their offerings to balance international and local culinary preferences.
The fast-food sector, in particular, is witnessing substantial growth, with numerous food chains expanding their presence to meet the demand for convenient and affordable dining options. This growth is supported by the increasing frequency of dining out, the prevalence of tourists, and the influence of cross-cultural dietary patterns. The tourism industry plays a crucial role in the foodservice sector, with government initiatives aimed at boosting tourism further benefiting the market. The competitive landscape is marked by the presence of key players such as Domino's Pizza, Yum Brands Inc, and Starbucks Corporation, who are innovating and customizing their offerings to capture market share. Recent developments, such as the launch of a hot beverage subscription by HMSHost International and the introduction of plant-based options by McDonald's, highlight the ongoing innovation within the sector.
Benelux Foodservice Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Full-Service Restaurant (FSRs)
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2.1.2 Cafes and Bars
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2.1.3 Street Stalls and Kiosks
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2.1.4 Quick Service Restaurants
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2.1.5 100% Home Delivery Restaurant
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2.2 By Structure
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2.2.1 Chained Outlets
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2.2.2 Independent Outlets
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2.3 By Geography
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2.3.1 Belgium
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2.3.2 Netherlands
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2.3.3 Luxembourg
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Benelux Foodservice Market Size FAQs
What is the current Benelux Foodservice Market size?
The Benelux Foodservice Market is projected to register a CAGR of 8.23% during the forecast period (2024-2029)
Who are the key players in Benelux Foodservice Market?
Yum Brands Inc , Mcdonald’s Corporation, Starbucks Corporation , Domino's Pizza and Restaurant Brands International Inc are the major companies operating in the Benelux Foodservice Market.