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Greek Foodservice: The Future of Foodservice in Greece to 2016

VIEWS: 3 PAGES: 3 included a new research report on "Greek Foodservice: The Future of Foodservice in Greece to 2016" which provides a top-level overview and detailed market of Greek Foodservice.

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          Greek Foodservice: The Future of
           Foodservice in Greece to 2016

                 Bharat Book Bureau

Greek Foodservice: The Future of Foodservice in Greece to 2016 included a new research report on "Greek Foodservice: The Future of
Foodservice in Greece to 2016" which provides a top-level overview and detailed market
of Greek Foodservice.

In 2011, the profit sector accounted for a 92.6% share of total foodservice sales. During
the review period, sales in the profit sector increased at a CAGR of 1.64%. In 2011, cost
sector sales represented 7.4% of total foodservice sales and registered a CAGR of 3.56%
during the review period (reference see graph below). The restaurant channel remained
the largest in terms of foodservice sales, contributing 54.0% of profit sector sales. The
growth in restaurant sales was primarily a reflection of the increase in sales at ice-cream
vendors and coffee and tea shops. The largest channel in the cost sector was military and
civil defense foodservices, which contributed 33.9% to total cost sector sales and
recorded a CAGR of 1.96%.

The global economic recession, as well as the Greek debt crisis, has led to job losses
resulting in an increase in the unemployment rate in the country. The unemployment rate
has increased from 8.9% in 2006 to 16.5% in 2011. Both full service as well as quick
service restaurants suffered a decline in the number of transactions.

Consumer consumption started declining in Greece in 2010 due to rising inflation and
decreasing disposable incomes. The financial crisis has led to a dramatic drop in
disposable incomes, which has led to the preference for cheaper forms of entertainment.
One of the by products of the economic crisis in Greece is the problem of homelessness.
Rising homelessness in Greece due to unemployment has further lowered consumer
confidence, as many consumers have cut down on unnecessary expenses.

The tourism industry has seen a boost in the number of visitors due to various factors.
The government also has taken some initiatives to promote the image of Greece as a
tourist destination. These developments in the tourism sector can help to create jobs in

Increased ethnic diversity has influenced food consumption patterns and demand in
recent years. In Greece, the overall population comprises of non-Greek nationals from
Bulgaria, Germany, Kosovo, Greece, Netherlands, Romania, and the western part of
Asia. However, the taste and preferences of these population groups are different from
each other, creating new opportunities for foodservice providers to target new consumer

This report provides a top-level overview and detailed market, channel, and company-
specific insights into the operating environment for foodservice companies.
Key Features and Benefits

This report provides readers with unparalleled levels of detail and insight into the
development of the foodservice sector within Greece.
This report provides readers with in-depth data on the valuation and development of both
the profit and cost sectors in the Greek foodservice market.
This report provides details on the number of outlets, transactions, average price,
foodservice sales, sales per outlet, and transactions per outlet per week, across nearly 50
This report provides highly granular future forecasts and historic market data to aid
market and strategic planning.
This report will help you to assess the impact of economic recession and recovery on
foodservice market growth.

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