Ireland's net debt has risen from 12.1% of GDP in 2006 to 98.8% of GDP in 2011, and is expected to increase further to 100.3% in 2016. These increasing debt levels come at the same time as a sovereign debt crisis in many EU nations, and this combination is expected to have a damaging effect on Irish consumer sentiment.
The global financial crisis has also had a negative impact on disposable income, which led to the tightening of trading environments for foodservice operators during 2009. Ireland's foodservice sector is expected to experience a sluggish growth in the next two years, as channels such as leisure, workplace, and restaurant will witness increased patronization because of the strengthening of consumer confidence due to reducing unemployment and rising income levels of consumers.
Fast-paced urban life and rising employment of women are driving speed and convenience foodservices. The rising population of working women has reduced the average time spent on cooking, which in turn increased the frequency of eating out. Moreover, the recession forced single-member households to focus more on work, which also increased demand for foodservices, especially QSRs.
The Irish foodservice providers are at the forefront to capitalize this opportunity, which has redefined the relation between customers and foodservice providers. Foodservice providers are making active use of these social networking sites, offering menus and promotional discounts, and are preparing new applications on different formats, which can attract customers.Report Scope
- This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within Ireland.
- This report provides readers with in-depth data on the valuation and development of both profit and cost sectors in Ireland foodservice market.
- This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet and transactions per outlet per week across nearly 50 sub-channels.
- This report provides highly insightful future forecasts and historic market data to aid market and strategic planning.
- This report will help you to assess the impact of economic recession and recovery on foodservice market growth.
Click for Report details:Ireland Foodservice: The Future of Foodservice in Ireland to 2016