Research and Markets: Per-capita Sales in the New Zealand Foodservice Industry have Increased, Recording a CAGR of 0.38%

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b21145/new_zealand_foodse) has announced the addition of Canadean Ltd's new report "New Zealand Foodservice: The Future of Foodservice to 2016" to their offering.

“New Zealand Foodservice: The Future of Foodservice to 2016”

New Zealand's economy has registered a subdued growth rate during the recent global financial crisis, which also affected the country's foodservice industry. Primarily due to a change in economic conditions and a reduction in consumer expenditure, demand for the out-of-home cooked food market was adversely affected. In addition, consumers preferred to trade-down to less expensive outlets and opted for value foodservices providers.

This report is the result of Canadean's extensive market and company research covering the New Zealand foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry, as well as detail on the current business environment and landscape.

Highlights:

• Per-capita sales in the New Zealand foodservice industry have increased, recording a review period CAGR of 0.38%. Levels of disposable income increased at a CAGR of 4.63% over the same period. This increase can be identified as one of the key drivers for the increase in per capita sales
• Growth in levels of disposable income, a thriving tourism sector and a projected increase in the number of single person households are all factor forecast to support a growth in foodservice sales. Interestingly, eating-on-the-go is becoming increasingly prevalent and fine dining is being substituted for casual dining, which is forecast to increase the number transactions in the restaurants channel, which represents 60% of the country's total foodservice sales.
• Tourism accounted for 10% of the country's GDP and acted as a source of employment for a considerable amount of the population. The high inflow of travelers adds to the performance of the foodservice industry through increased sales in the various channels, primarily the accommodation, restaurant, leisure overall, and pubs, clubs, and bars channels. Leisure travel and tourism spending remained positive despite of the global financial crisis and recent earthquakes

Companies Mentioned:

• BurgerFuel Worldwide Limited
• Burger Wisconsin
• Cerebos Gregg's Limited
• Hell Pizza
• Jesters Franchising NZ Limited
• McDonald's Restaurants (NZ) Ltd
• Restaurant Brands New Zealand Ltd
• KFC New Zealand
• Mr. Whippy New Zealand Limited
• Cobb & Co Restaurant

For more information visit http://www.researchandmarkets.com/research/b21145/new_zealand_foodse