Articles on this page are written by Bord Bia staff to highlight activity and developments relevant to our clients. These can be linked with new insight, market access or activation or any of the other initiatives from Bord Bia as well as developments in the market that clients need to know about.
A few years ago when discussing research into what makes a winning formula for dairy industry growth, McKinsey stated that “a rapidly changing consumer and global environment requires a bold new outlook” (McKinsey, 2019). The Bord Bia library service provides access to market research to help you stay on top of sector developments. Below is some of the latest research in our collections exploring the dairy ingredients category.
The Quick Service Restaurant (QSR) market in Europe and the US is saturated and overflowing with well-known QSR chains such as KFC and Burger King. For this reason, international QSR chains are beginning to look further afield to markets where there is less competition, less regulatory concerns, and high demand.
The arrival of COVID 19 resulted in some significant changes to peoples’ lives in terms of how or where they worked to how they socialized or lack thereof. Food consumption patterns were also subject to change. With the relaxation of restrictions in recent months raises the question of how consumers will behave going forward? Will it be a continuation of lockdown food consumption patterns or is there a correction likely?
The Middle East is heavily reliant on food imports due to the limited agricultural resources in the desert. It is estimated that GCC countries import up to 90% of the food they consume! With Ireland exporting 90% of the food we produce, this is a huge opportunity for Ireland’s world renowned food and drink.