The Future of Foodservice in France to 2016

London, May 2^nd, 2012 – In the French foodservice market, the profit sector accounted for 89.3% of total sales. Within the profit sector, restaurants and accommodation channels accounted for majority of the share. The cost sector accounted for 10.7% of total French foodservice sector sales with the education channel being the largest contributor in this sector (reference see graph below).  Growth in the French foodservice industry was attributed to the growth in the tourism and hospitality industry in the country, which recorded an increase in domestic tourism as French citizens preferred shorter holidays and shorter travel distances.  The tourism and hospitality industry in France was also supported by strong international tourism during the period. In addition, the aging population and the increasing number of immigrants into the country resulted in a number of societal changes in France.

Growth in the French foodservice industry was attributed to the rise in the tourism and hospitality in the country, which recorded an increase in domestic tourism as French citizens preferred shorter holidays and shorter travel distances. The tourism and hospitality industry in France was also supported by strong international tourism during the period.

As a result of inflated debt from economic stimulus packages, the French government announced spending cuts of EUR11 billion in its 2011 budget, to stabilize the French economy and the euro zone. This measure is expected to have an impact on the profit sector foodservice segment and consumer spending in the country. In addition, the tightened budgetary spending for the public sector will adversely affect the growth of the French foodservice industry cost sector.

The rise in French exports and foreign interest in the French economy is making France one of the world’s leading FDI recipients. During the forecast period, the increased investment, growth of French exports and rising wages are expected to increase consumer spending in the country and support growth in the French foodservice industry.

The increase in the minimum retirement age in France from 60 to 62 years, mainly for public-sector employees, is expected to maintain disposable incomes and consumer spending in the country and support growth of foodservices focusing on new variant of food menus with low calories and high nutritional supplements.

During the review period, the unemployment rate in France remained at 9–10%, but began to decline in 2010. However, the increase in global commodity prices has increased the rate of inflation in France. Furthermore, the prolonged eurozone debt crisis is further undermining consumer confidence.  In terms of the French foodservice industry, the reduction in consumer spending is expected to adversely affect certain channels such as full-service restaurants and leisure.

To purchase the full report, please click here.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at www.industryreview.com

For more information on the article, please contact:

Press Contact:
Shelly Wills
Tel: +44 (0) 20 7936 6671
shelly.wills@industryreview.com