The Future of Foodservice in the Netherlands to 2016
In 2011, the Dutch foodservice market was estimated to value €19,275.4m. A contraction in the Dutch economy and subsequent reduction in demand led to a 4.5% decline in the Dutch foodservice industry in 2009. Following this, the decline in the Dutch foodservice market was more subdued as the country's GDP growth stabilised in 2010.
In contrast to the review period, the Dutch foodservice market is anticipated to demonstrate growth between 2011 and 2016, as a result of the increase in disposable incomes and the increase in the number of single-person households in the country. The Dutch foodservice sector increased from €18,811.6m in 2006 to €19,275.4m in 2011, which represented a CAGR of 0.49% during the review period. In the Netherlands, the foodservice industry was supported by the increasing number of households in the country and the increase in demand for convenience food by the working population.
However, the global economic recession negatively affected Dutch foodservice sales and resulted in a decline of 4.5% during 2009. The Dutch foodservice market was also directly or indirectly affected by the increase in Goods and Services Tax (GST) on alcohol and the nationwide smoking ban, which adversely affected the hotel and restaurant business in particular. However, the smoking ban has been relaxed and some exceptions have been made in the country.
Download this free white paper from Canadean to find out more.
Download to find out more.