Foodservice Market Overview
In 2020, the Coronavirus pandemic impacted severely the global foodservice sector, due to social distancing regulations and the closure and bankruptcy of millions of foodservice outlets.
2021 will be a year of transition and rebuilding in Europe and in the US, but it will take time before the industry gets back to pre-pandemic levels. On the contrary, China has been able to recover with positive growth much faster, from the end of 2020 onwards.
In Europe and the US, the speed of recovery remains subject to many uncertain criteria, mainly the speed of the vaccination campaign, with delays in vaccinations looming in Europe…it is likely that Europe will emerge from the crisis later than expected, given the addition of border restrictions in EU countries.
Even once the desired level of herd immunity is finally reached, will people go back to restaurants? There will certainly be no rebound to pre-COVID levels due to a reduction in average income. How many restaurants have closed and will not reopen?
In commercial foodservice, full-service restaurants will remain the hardest hit whereas limited service concepts are better equipped, predominantly thanks to delivery and take-away concepts. While social foodservice will remain penalised, mainly because of remote working and online learning, opportunities exist for foodservice operators and their suppliers.
Total FS Sales, 2020/19 and 2021/2019, CN, US, EU27+UK
In 2021, Gira is launching two studies of promising concepts in these times of crisis in the foodservice industry:
– the ghost kitchens phenomenon
– plant-based alternatives in foodservice.
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