Sweden Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Sweden Foodservice Market Report Overview

The Sweden foodservice profit sector was valued at SEK117.4 billion ($13.7 billion) in 2021 and is expected to achieve a CAGR of more than 7% during 2021-2026. This growth will be mainly driven by increasing inclination of consumers toward healthier lifestyles and veganism. Furthermore, the surge in demand for locally-sourced, fresh produce in the dine-out menu options will further propel the Sweden foodservice market growth.

The Sweden foodservice market research report provides extensive insight and analysis of the Swedish foodservice market over the next five years and acts as a vital point of reference for operators or suppliers.

Sweden Foodservice Market Outlook

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Sweden Foodservice Market Segmentation by Profit Sector Channels

The key profit sector channels in the Sweden foodservice market are FSR, QSR, coffee & tea shop, pub, club & bar, accommodation, workplace, travel, retail, ice-cream parlor, leisure, and mobile operator. In 2021, FSR was the largest channel in the Sweden foodservice market, followed by QSR, and coffee & tea shop respectively.

Full-Service Restaurant: The FSR channel was highly fragmented in 2021. The market was dominated by independent operators which generated most the channel’s value sales.  Consumers who visit FSRs at least once a week (frequent visitors) are drawn to the availability of a greater variety of dishes and cuisines, convenience, and unique/exciting flavors. With the growing healthy eating trend in the country, operators need to offer more products with fresh and high-quality ingredients along with running frequent promotions/discounts to attract consumers.

Quick Service Restaurant: QSR was the second-largest channel and was popular among consumers owing to factors like convenience and value for money. The channel’s growth was primarily driven by the rise in take-away and home delivery sales as consumers avoided dine-in occasions amid the COVID-19 pandemic. The channel is frequently visited by young consumers who seek convenient fast-food options. Different age groups are attracted by different factors in the channel. The market was dominated by chain operators which generated maximum revenue in 2021. In the future, the increasing inclination towards healthy food options made with fresh and local ingredients will be on the rise in the QSR channel.

Coffee & Tea Shop: The coffee & tea shop channel was dominated by chain operators and is more consolidated than QSR and FSR channels. The higher preference for chain operators among consumers can be attributed to the availability of a greater variety of menu options in these outlets. Young consumers visit the channel more frequently than older consumers. The dine-in sales will register a stronger CAGR compared to take-away sales during the projected period as consumers resume their pre-pandemic lifestyles.

Sweden Foodservice Market Analysis, by Profit Sector Channels

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Sweden Foodservices Market Segmentation by Cost Sector Channels

The key cost sector channels in the Sweden foodservice market are education, healthcare, military & civil defense, welfare & services, and complementary services. Education was the largest cost sector channel in 2021. However, due to the closure of educational institutions amid pandemic-driven lockdowns, the channel registered a fall in the number of transactions and outlet numbers. Despite this fall, the education segment is forecasted to remain the largest channel in the Swedish foodservice cost sector in terms of OBP value.

Sweden Foodservice Market Analysis, by Cost Sector Channels

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Sweden Foodservice Market – Competitive Landscape

Some of the leading players in the Sweden foodservice market are McDonald’s Corporation, Max Hamburgers AB, Restaurant Brands International, Doctor’s Associates Inc., Gatusmark AB, O’Learys, Yum! Brands, Inc., Texas Longhorn AB, Espresso House, Motorway Tank & Rast Group GmbH & Co. KG, Le Croissant AB, Karl Fazer Oy Ab, Hogskoleretauranger AB, Elite Hotels of Sweden AB, and Harrys Pub Bar & Restaurant AB, among others.

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Sweden Foodservice Market Report Overview

Scope

The report provides: 

• Overview of Sweden’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Swedish foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within Swedish foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Swedish population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2021-26) will give clients the ability to make informed business decisions by identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and Coffee & Tea Shop) will allow readers to understand the wants and needs of their target demographics.