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 |
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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.
