In 2011, the foodservice industry in Ireland was estimated at €4,939.6m. The industry is slow to recover after a sharp decline in 2009 due to the global economic downturn, and contracted by -2.2% in 2011 compared to -7.9% in 2009. The Irish economy was projected to return to growth in 2011 but remained in recession. With the gradual economic upturn, the industry is estimated to grow further. The growth prospect for the industry in the forecast period seems promising, as the industry is projected to grow at a CAGR of 1.51%, which is comparatively above the CAGR of -2.33% attended during the review period.
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