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Irish consumers to spend €8.55 billion on out of home food and beverage in 2019

18 November 2019

Maureen Gahan, Foodservice Specialist, Bord Bia - The Irish Food Board

 

 

 

On Wednesday, 13th November, Bord Bia welcomed 350 delegates to their annual foodservice seminar.  Findings from the 2019 Irish Foodservice Insights Report were presented at the event confirming that Irish consumers will spend €8.55 billion on out of home food & beverage in 2019, up 4.5% on last year.

 

 

The report shows that everyday foodservice occasions continue to drive growth and are less likely to be affected by changes to consumer sentiment. 2019 has been described as ‘good’, although not as robust as in previous years. Industry observers note that there are some cautionary tones starting to appear headed into 2020, many of which are linked to Brexit uncertainty around sourcing and tourism numbers. The report also states that the industry should expect some maturity and deceleration over the next three years through to 2022, with overall island of Ireland growth forecasted to be 4.2% per year.

 

 

It is important for food and beverage suppliers to the industry to stay close to the needs of today’s consumers and think about how their product can be part of a final solution that meets those needs.  Bord Bia’s 2019 report includes detailed feedback from a range of individuals that shared first hand insights into what is important to them when eating out and where they feel the industry could be doing better.

 

 

Online copies of the 2019 Irish Foodservice Market Insights Report, the 2019 Irish Foodservice Directory and copies of all speaker presentations are available to download at www.bordbia.ie/foodservice2019