DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/w3hmbf/finnish_foodservic) has announced the addition of Canadean Ltd's new report "Finnish Foodservice: The Future of Foodservice in Finland to 2016" to their offering.
In 2011, the profit sector accounted for 86.0% of total foodservice sales and grew at a CAGR of 1.46% in the local currency during 2006-11. The remaining share was held by cost sector which grew at a CAGR of 2.25% (reference graph below). The restaurant channel was the largest in terms of foodservice sales and grew at a CAGR of 1.51% during 2006-11. Education was the largest channel within the cost sector in terms of sales and grew at a CAGR of 2.28%.
The European recession and the global slowdown affected the Finnish GDP over the review period. In 2011, GDP grew by 2.9%, a drop from the 3.7% registered in 2010. In 2010, public investment declined by 6.7% over the previous year, but private fixed investment grew by 4.0%.
Real estate and food prices in Finland are expected to increase by 2.7% in 2012 over the last year. The increasing price of real estate effects the growth of hotels, restaurants, and pubs, clubs and bars channels the most. Foodservice companies need to invest heavily when expanding their business. This translates into increased foodservice prices.
Many large international foodservice companies have still not opened outlets in the country despite a favorable business environment. Finland, being one of the highest coffee consumers in Europe, does not have a Starbucks outlet. Similarly, Burger King, KFC and Costa Coffee have not yet ventured into the country.
About This Report
"Finnish Foodservice: The Future of Foodservice in Finland to 2016 provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Finnish foodservice value chain, and for new companies considering entering the market.
Companies Mentioned
- Burger-In Oy
- Carrols
- Hemingway's Bar and Cafe
- Kamp Group Ltd
- Restel Oy
- Select Service Partner Finland Oy
For more information, including full table of contents, please visit http://www.researchandmarkets.com/research/w3hmbf/finnish_foodservic
Source: Canadean Ltd