Belgium HRI Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Belgium HRI Market Analysis
The Belgium HRI market is projected to grow, witnessing a CAGR of 4.1% over the next five years.
Cafes and bars are playing a major role in the Belgium HRI market due to the high popularity of juice/smoothie bars and specialist coffee shops in the country. This is due to the increasing demand of consumers for fresh and healthy ingredients in their beverages, thereby, driving them toward cafes offering beverages made from natural ingredients. Additionally, the market is being driven by factors, such as the growing percentage of young and working people and the availability of organized retail spaces. Furthermore, the growing disposable income of consumers and the increase in exposure to different varieties and cuisines of food over the last few years has led to an increase in the demand for restaurants that offer a complete dining experience.
Expansion of business through outlet installation or menu advancement, both have contributed to the Belgium HRI market. The global chained restaurants are expanding their business in the country owing to the presence of high-income groups and growing demand for international fast food, specifically United States-based food. Also, with the number of tourists increasing every year. Thus, the demand for high-quality food and services has been propelling the foodservice market in the country. The Belgium food industry is expected to witness significant growth during the forecast period, while increasing its contribution to the world food trade every year. Over the past few years, Belgium has witnessed a proliferation of fine dining restaurants, cafes, pubs, bars, clubs, lounges, and international fast-food joints, which cater to the millennials' changing food habits.
Belgium HRI Market Trends
Institutional (Catering) is Projected to Record a Significant Growth due to increasing per capita income.
Belgium, being a well-developed country, comprises high-income groups together with consumers raising the demand for natural, fresh, balanced, and innovative food daily delivered to their workplace. The institutional catering segment of the country is experiencing an upward thrust in the revenue graph and the number of service providers, aided by service providers collaborating with diverse institutional kitchens, including company canteens, restaurants of public institutions, hospitals, educational institutions, etc. The institutional catering segment is projected to grow during the forecast period.
Catering businesses have shifted their emphasis to providing healthier meals made with fresh ingredients in-house and reducing their reliance on frozen prepared foods. The industry is expanding as a result of the increased focus on implementing technology to enhance the customer experience and minimize the amount of time spent waiting for food. The need for specialized catering services has increased as a result of the rapid expansion of multinational corporations in the region. As a result, suppliers are enhancing their ability to offer both products and services while implementing performance-based criteria for performance evaluation and monitoring. All these factors act as major market drivers for the Belgium HRI Market.
Increasing Number Of Establishments in the Belgian Market
According to Brussels Horeca Federation, nearly a thousand catering outlets were launched in the Brussels region over the last 10 years, an insufficient quantity to fulfill the consumer demand. Besides, the decline in alcohol consumption together with the rise of the stay-at-home culture has affected the volume of sales of alcohol and the number of bars. Consequently, the utmost growth opportunities for the pub, club, and bar channel may be focused on tourism hot spots. However, the overall establishments in the HRI industry have witnessed extensive growth driven by consumer demand and purchasing power. According to Michelin, in Belgium as of September 2021, 23 restaurants had two Michelin stars, while there were 102 restaurants with one star. Moreover, food service establishments are developing a customer-centric approach or strategies, to increase the repetitive orders from them. Personalization, indulgence toward healthy eating habits, and reduction of food wastage have become some of the major concentration points for restaurants and other food service organizations in the market. Nonetheless, takeaway restaurants are gaining popularity among service providers for being able to cut numerous costs, from labor to space rent, while earning significant revenue in exchange. Considering all these factors, the market is projected to grow during the forecast period.
Belgium HRI Industry Overview
The key players engaged in the HRI market of Belgium are Yum! Brands, Inc., McDonald's Corporation, Domino's Pizza, Inc., Starbucks Corporation, Restaurant Brands International Inc., Doctor's, and others. Notably, McDonald's is the most popular quick-service restaurant among Belgian consumers. With a growing number of customer sites and increased demand for specialty food products, above all delivered foodservice operators can provide the key capabilities and expertise to support these needs. Further, emphasis is given to the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
Belgium HRI Market Leaders
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McDonald's Corporation
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Yum! Brands, Inc.
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Doctor's Associates Inc.
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Domino's Pizza, Inc.
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Restaurant Brands International Inc.
*Disclaimer: Major Players sorted in no particular order
Belgium HRI Market News
- In March 2023, BigChefs launched its first branch in Belgium in Antwerp.
- In May 2021, with fresh ingredients and a new ad campaign as a marketing strategy, Burger King announced its plans to launch its operations in Belgium.
Belgium HRI Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Consumer Foodservice
- 5.1.1.1 Cafes and Bars
- 5.1.1.2 Full-Service Restaurants
- 5.1.1.3 Fast Food
- 5.1.1.4 Pizza Consumer Foodservice
- 5.1.1.5 Self-Service Cafeterias
- 5.1.1.6 100% Home Delivery/Takeaway
- 5.1.1.7 Street Stalls/Kiosks
- 5.1.2 Hotels
- 5.1.3 Institutional (Catering)
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5.2 Structure
- 5.2.1 Independent Outlet
- 5.2.2 Chained Outlet
6. CONSUMER BEHAVIOR ANALYSIS
- 6.1 Socio-Economic Factors
- 6.2 Demographic Strengths and Weaknesses
- 6.3 Spending Patterns
- 6.4 Target Market Identification
7. COMPETITIVE LANDSCAPE
- 7.1 Most Adopted Strategies
- 7.2 Market Share Analysis
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7.3 Company Profiles
- 7.3.1 Yum! Brands, Inc.
- 7.3.2 McDonald's Corporation
- 7.3.3 Domino's Pizza, Inc.
- 7.3.4 Starbucks Corporation
- 7.3.5 Restaurant Brands International Inc.
- 7.3.6 Doctor's Associates Inc.
- 7.3.7 Chez Léon
- 7.3.8 Burger King
- 7.3.9 BigChefs
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityBelgium HRI Industry Segmentation
The HRI (Hotel, Restaurant, and Institution) food service industry is responsible for offering meals to customers. The HRI industry depends on disposable income, leisure time, and complete customer satisfaction.
The scope of the Belgium HRI market includes segmentation on the basis of Type and Structure. By type, the market is segmented into Consumer Foodservice, Hotels, and Institutional (Catering). The consumer food service is further segmented under Cafes and Bars, Full-service Restaurants, Fast Food, Pizza Consumer Foodservice, Self-service Cafeterias, 100% Home Delivery/Takeaway, and Street Stalls/Kiosks. Furthermore, the market is segmented on the basis of structure into Independent Outlets and Chained Outlets.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | Consumer Foodservice | Cafes and Bars |
| Full-Service Restaurants | ||
| Fast Food | ||
| Pizza Consumer Foodservice | ||
| Self-Service Cafeterias | ||
| 100% Home Delivery/Takeaway | ||
| Street Stalls/Kiosks | ||
| Type | Hotels | |
| Institutional (Catering) | ||
| Structure | Independent Outlet | |
| Chained Outlet |
Belgium HRI Market Research FAQs
What is the current Belgium HRI Market size?
The Belgium HRI Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Belgium HRI Market?
McDonald's Corporation , Yum! Brands, Inc., Doctor's Associates Inc., Domino's Pizza, Inc. and Restaurant Brands International Inc. are the major companies operating in the Belgium HRI Market.
What years does this Belgium HRI Market cover?
The report covers the Belgium HRI Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Belgium HRI Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Belgium HRI Industry Report
Statistics for the 2024 Belgium HRI market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Belgium HRI analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
