Coffee Culture Drives Growth in New Zealand's Food Service Industry.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c43546) has announced the addition of Consumer Foodservice in New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. to their offering. Our Consumer Foodservice in New Zealand report offers a comprehensive guide to the size and shape of the market at a national level. It provides foodservice sales, the number of outlets and the number of transactions by sector, allowing you to identify the foodservice sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they eating habits, lifestyle changes, tourism spending or legislative issues. Forecasts to 2009 illustrate how the market is set to change. Sector coverage includes: cafes/bars, full-service restaurants, fast food, 100% home delivery/takeaway, self-service cafeterias, street stalls/kiosks Data coverage: foodservice sales, number of outlets, number of transactions, company shares and brand shares Why buy this report? * Get a detailed picture of the consumer foodservice industry * Pinpoint growth sectors and identify factors driving change * Understand the competitive environment, the market's major players and leading brands * Use five-year forecasts to assess how the market is predicted to develop Executive summary 1. EXECUTIVE SUMMARY Franchising took off in a big way in consumer foodservice Although the eating out culture developed relatively late in New Zealand, compared to the US or UK, by the end of the review period it became one of the most dynamic in the world in terms of growth and competition. This is due to the in flood of franchise brands in chained outlets. Franchising took hold in a big way in consumer foodservice and New Zealand has the highest proportion of franchises per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. in the world (including non-consumer foodservice). Cashing in on the coffee craze The main drivers of growth throughout the review period were the increasing coffee culture and consumer demand for ambience am·bi·ence n. Variant of ambiance. ambience or ambiance Noun the atmosphere of a place Noun 1. . CafE[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ]s/bars contributed the largest value growth in 2004. Sales
in cafE[umlaut]s benefited from the trend towards shorter lunch breaks
and the corresponding demand for light lunches and snacks. Sophisticated
coffee drinkers also helped to fuel sales growth by demanding premium
coffee.
Fast food chains blamed for obesity obesity, condition resulting from excessive storage of fat in the body. Obesity has been defined as a weight more than 20% above what is considered normal according to standard age, height, and weight tables, or by a complex formula known as the body mass index. Obesity issues and health concerns, especially among children, are forcing changes in the market. As a result, more fast food operators are developing lighter options, vegetarian vegetarian /veg·e·tar·i·an/ (vej?e-tar´e-an) 1. one who practices vegetarianism. 2. pertaining to vegetarianism. veg·e·tar·i·an n. One who practices vegetarianism. offerings, and introducing more fresh fruit and salads. In traditional fast food, such as fish and pizza, the pace of outlet expansion is slowing down as operators concentrate on building sales at existing outlets. In the other areas, notably pizza 100% home delivery/takeaway and bakery products fast food, there is still considerable growth in new outlets openings. Asian cuisine Asian cuisine is a term sometimes used in the West as an umbrella term for the various cuisines of East Asia and Southeast Asia and for fusion dishes based on combining them. It does not usually include Polynesian, Central Asia or Middle Eastern cuisine. top FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. In New Zealand, consumer willingness to adapt to new styles of eating and drinking from all over the world has helped to fuel growth. Increasingly, consumers were introduced to a broad choice of restaurants such as Japanese, Thai and Indonesian restaurants which joined the more traditional Indian curry houses. The rising profile of international FSR, particularly those serving Asian cuisine further fuelled growth over the review period. Growth is also driven by the eating out culture in New Zealand, with increased emphasis on quality and ambience. Conservative growth in consumer foodservice expected This report forecasts that from 2004 to 2009 sales growth is expected to be less than the review period, partly due to a lower level of new openings, increased competition, and some mature consumer foodservice types. Value sales are expected to post a CAGR CAGR See: Compound Annual Growth Rate of 4%, compared to a CAGR of 6% during the review period. The main contributors to growth over the forecast period will stem from the expected upturn in the economy. Steady household income and stable employment levels are forecast to provide additional spending in consumer foodservice. Growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for units and transactions are expected to trail value growth, at CAGRs of 2% and 3% respectively. For more information visit http://www.researchandmarkets.com/reports/c43546 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion