What years does this New Zealand Foodservice Market cover?

The report covers the New Zealand Foodservice Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the New Zealand Foodservice Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

New Zealand Foodservice Market Size

Market Size of New Zealand Foodservice Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Historical Data Period	2019 - 2022
CAGR	3.73 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Food Service in New Zealand Market Analysis

Over the next five years, the New Zealand foodservice market is expected to grow at a CAGR of 3.73 percent.

The market in New Zealand is witnessing enhanced demand for dining out, thereby placing demand on food service providers. The frequency of dining out has increased owing to the time-pressed schedules of consumers in the region. Also, consumers' eating habits are becoming more like those in the West because of the presence of international companies, especially in developed cities. This makes the market even more popular and helps it grow.

The consumption habits of consumers have been completely altered by the pandemic, and this trend has been taken up by New Zealand as well. The homebound scenario has been a prominent affair, and the operation of food services has been on an experimental basis. Although consumers had kept their taps on popular chains such as KFC, restaurants were mostly closed and were operational through online services. Because of the pandemic, people ate less outside of their homes in the first phase, which led to a rise in online food delivery.

In addition to this, the geographic expansion of the international players in the market is further supporting demand. So, all of the above factors are sure to keep market growth and demand going strong in the years to come.

Food Service in New Zealand Industry Segmentation

Foodservice defines those businesses, institutions, and companies responsible for any meal prepared outside the home. The scope of the New Zealand foodservice market includes segmenting food service providers in the country by type into full-service restaurants, quick-service restaurants, street stalls and kiosks, cafes and bars, and 100% home delivery restaurants. Further segmentation is done on the basis of foodservice structure into independent consumer foodservice and chained consumer foodservice. The report offers market size and forecasts in value (USD million) for all the above segments.

By Type
		Full-Service Restaurants
		Quick-Service Restaurants
		Street Stalls and Kiosks
		Cafes/Bar
		100% Home Delivery Restaurant

By Structure
		Independent Consumer Foodservice
		Chained Consumer Foodservice

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New Zealand Foodservice Market Size Summary

The New Zealand foodservice industry is experiencing a notable expansion, driven by an increasing consumer inclination towards dining out and evolving eating habits that mirror Western trends. This shift is largely influenced by the presence of international food companies in urban areas, which has heightened the popularity and growth of the market. The pandemic initially disrupted traditional dining patterns, leading to a surge in online food delivery services as restaurants adapted to homebound consumers. However, as borders reopened and tourism numbers improved, the restaurant market began to recover, benefiting from the resurgence in travel and hospitality. The full-service restaurant segment, in particular, is characterized by intense competition and a focus on sustainability, with many establishments incorporating locally sourced ingredients and catering to diverse dietary preferences, such as vegan and gluten-free options.

The fast food sector is also witnessing significant growth, with increased consumer spending driven by the convenience, taste, and affordability of fast food offerings. This has attracted new entrants to the market, as established brands like KFC, McDonald's, and Subway expand their presence across the country. The market is dynamic and fragmented, featuring both large regional and domestic players, including Starbucks, Yum! Brands, and Domino's Pizza. These companies are leveraging strategies such as mergers, acquisitions, and product innovation to enhance their market share and brand presence. The competitive landscape is further shaped by strategic partnerships and the introduction of unique products to meet evolving consumer preferences, ensuring continued demand and growth in the New Zealand foodservice industry.

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New Zealand Foodservice Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
2. 1.2 Market Restraints
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Full-Service Restaurants
  2. 2.1.2 Quick-Service Restaurants
  3. 2.1.3 Street Stalls and Kiosks
  4. 2.1.4 Cafes/Bar
  5. 2.1.5 100% Home Delivery Restaurant
2. 2.2 By Structure
  1. 2.2.1 Independent Consumer Foodservice
  2. 2.2.2 Chained Consumer Foodservice

New Zealand Foodservice Market Size FAQs

What is the current New Zealand Foodservice Market size?

The New Zealand Foodservice Market is projected to register a CAGR of 3.73% during the forecast period (2024-2029)

Who are the key players in New Zealand Foodservice Market?

Starbucks Corporation, Yum! Brands Inc, McDonald's Corporation, Domino's Pizza Enterprises Ltd. and Inspire Brands Inc are the major companies operating in the New Zealand Foodservice Market.