PROSPECTS AND OPPORTUNITIES
Higher disposable incomes, plant-based options and ongoing inflation are set to support value growth
Foodservice value sales are set to increase at a current value CAGR of 6% over the forecast period, while outlet opens continue to rise. These positive results will be bolstered by the rising purchasing power of Slovak households, resulting in higher disposable income for consumer foodservice purchases.
Forecourt retailers and delivery services are expected to drive sales
Forecourt retailers with limited-service restaurants are set to gain consumer attention across the forecast period. In addition, there has been a stronger focus from these outlets on serving B2B clients, offering significant discounts and special loyalty programmes for businesses.
VAT changes are set to create extra costs for restaurant operators
New legislation will impact the foodservice industry, including limited-service restaurants, as the new VAT will be introduced in January 2025. While the VAT rate will rise from 20% in 2024 to 23%, for foods and drinks VAT moves to 19% and 5% respectively.
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Overview:
Understand the latest market trends and future growth opportunities for the Limited-Service Restaurants industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Limited-Service Restaurants industry in Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Limited-Service Restaurants in Slovakia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Limited-Service Restaurants in Slovakia?
- Which are the leading brands in Limited-Service Restaurants in Slovakia?
- How are multinational and local operators competing and expanding in Slovakia?
- How are consumer lifestyle trends and eating habits shaping Limited-Service Restaurants in Slovakia?
- How is the Limited-Service Restaurants industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Limited-Service Restaurants in Slovakia? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Limited-Service Restaurants in Slovakia - Category analysis
KEY DATA FINDINGS
Positive transactions and value growth despite cautious spending habits in 2024
McDonald's Slovakia improves its share as consumers appreciate affordable options
Healthier food choices and soups gain ground as consumers seek both nutrition and value
Higher disposable incomes, plant-based options and ongoing inflation are set to support value growth
Forecourt retailers and delivery services are expected to drive sales
VAT changes are set to create extra costs for restaurant operators
Consumer Foodservice in Slovakia - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Limited-Service Restaurants
- Chained Limited-Service Restaurants
- Independent Limited-Service Restaurants
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- Chained Asian Limited-Service Restaurants
- Independent Asian Limited-Service Restaurants
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- Chained Bakery Products Limited-Service Restaurants
- Independent Bakery Products Limited-Service Restaurants
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- Chained Burger Limited-Service Restaurants
- Independent Burger Limited-Service Restaurants
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- Chained Chicken Limited-Service Restaurants
- Independent Chicken Limited-Service Restaurants
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- Chained Convenience Stores Limited-Service Restaurants
- Independent Convenience Stores Limited-Service Restaurants
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- Chained Fish Limited-Service Restaurants
- Independent Fish Limited-Service Restaurants
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- Chained Ice Cream Limited-Service Restaurants
- Independent Ice Cream Limited-Service Restaurants
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- Chained Latin American Limited-Service Restaurants
- Independent Latin American Limited-Service Restaurants
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- Chained Middle Eastern Limited-Service Restaurants
- Independent Middle Eastern Limited-Service Restaurants
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- Chained Pizza Limited-Service Restaurants
- Independent Pizza Limited-Service Restaurants
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- Chained Other Limited-Service Restaurants
- Independent Other Limited-Service Restaurants
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Limited-Service Restaurants
Limited-Service Restaurants (LSR) combine fast food and 100% home delivery/takeaway outlets. These outlets offer limited menus with items that can be prepared quickly. Customers typically order, pay, and pick up their order from a counter, though some outlets can have limited table service. This also includes 100% Home Delivery/Takeaway which provide no facilities for consumption on the premises. LSR tend to specialize in one or two main entrees such as hamburgers, pizza, or chicken, but they usually also provide drinks, salads, ice cream, dessert, etc. Food preparation is generally simple and involves one or two steps, allowing for kitchen staffs generally consisting of younger, unskilled workers rather than professional chefs. Other key characteristics include: • A standardised and restricted menu • Tight individual portion control on all ingredients and on the finished product • Individual packaging of each item • Counter service • For Chained Limited Service Restaurants, chained and franchised operations which operate under a uniform fascia and corporate identity • Any outlet offering full-service restaurant seating with servers would be excluded, even if delivery service is available.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Limited-Service Restaurants research and analysis database.
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