Market Size of New Zealand Foodservice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.73 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Service in New Zealand Market Analysis
Over the next five years, the New Zealand foodservice market is expected to grow at a CAGR of 3.73 percent.
The market in New Zealand is witnessing enhanced demand for dining out, thereby placing demand on food service providers. The frequency of dining out has increased owing to the time-pressed schedules of consumers in the region. Also, consumers' eating habits are becoming more like those in the West because of the presence of international companies, especially in developed cities. This makes the market even more popular and helps it grow.
The consumption habits of consumers have been completely altered by the pandemic, and this trend has been taken up by New Zealand as well. The homebound scenario has been a prominent affair, and the operation of food services has been on an experimental basis. Although consumers had kept their taps on popular chains such as KFC, restaurants were mostly closed and were operational through online services. Because of the pandemic, people ate less outside of their homes in the first phase, which led to a rise in online food delivery.
In addition to this, the geographic expansion of the international players in the market is further supporting demand. So, all of the above factors are sure to keep market growth and demand going strong in the years to come.
