France HRI (Hotel Restaurants and Institutional) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

France HRI (Hotel Restaurants and Institutional) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028) The France HRI market is projected to register a CAGR of 2.01% during the forecast period. Key HighlightsThe market has witnessed a significant impact due to the COVID-19 impact. The country's government set various guidelines, including the closure of cafes, bars, fast food restaurants, hotels, cafeterias, and others, along with restrictions on social movements in the country to curb the situation, which in turn affected the industry. Moreover, the country has gone through multiple lockdowns, and only home delivery or takeaway was allowed, which furth impacted the market sales. Most players adapted quickly to offer takeaway, home delivery, and" click and collect" options to mitigate their losses and maintain the market's growth.The market is primarily driven by the increasing inclination and investment toward technological developments, such as robotics, the Internet of Things (IoT), blockchain, and others, and is simplifying the food industry in France. Market players are incorporating these technologies to enhance the operation of their kitchens. For instance, in January 2022, PAZZI, a kitchen software and robotics start-up based in France, launched a fully automated kitchen solution for the food and beverage industry. The new solution is based on fully automated procedures performed by robotics. 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 reduced food wastage have become some of the major concentration points for restaurants and other foodservice organizations.France HRI (Hotel Restaurants and Institutional) Market Trends100% Home Delivery/Takeaway to drive the Market The 100% home delivery/takeaway segment is projected to grow with a rising trend. The growing digital platforms developing delivery services for full-service restaurants and fast-food operators are supporting the segment's growth. Consumers demand delicious restaurant food in the comfort of their homes, thus benefiting the 100% home delivery food operators. For instance, 29% of French households ordered food at home regularly before the pandemic, which naturally increased due to the lockdown. Moreover, the country's growing preference for the cloud kitchen concept (a restaurant model free from front-of-house and serving the food-delivery market) drives the 100% home delivery/takeaway market growth during the forecast period. Furthermore, the increasing number of online food delivery services in the country, like Uber Eats, Deliveroo, Eat, and others, are boosting the food service market in France. Rising Demand for Fast Food Among Younger Generation French people are very passionate about their food culture, and young consumers prefer to eat fast food such as pizza, sandwiches, burgers, and others. The rising preference of consumers towards fast food, the increased frequency of eating outside the home or dining out, and the hectic life schedule are boosting the market's growth. Consumers prefer food places that offer a diverse variety of food products with superior taste. Furthermore, changing lifestyle and eating habits and the strong presence of food service providers offering different cuisines and great dining or food delivery experience is further propelling the market's growth. Millennials and Gen Z consumers are slowly changing their traditional French eating habits and are opting for convenient, on-the-go, and fast food to adapt to a faster-paced lifestyle. The increasing population of millennials and the increasing number of consumers depending on food delivery apps to order food conveniently is likely to drive the market's growth.France HRI (Hotel Restaurants and Institutional) Industry Overview The France HRI market needs to be more cohesive owing to the presence of large international, regional, and domestic players. The players emphasize strategic developments such as expansion, partnership, mergers, acquisitions, and new product innovation to boost their brand presence among consumers. Furthermore, the emergence of new players in the country is creating stiff competition in the market. For instance, in January 2023, Popeyes Louisiana Kitchen, Inc. planned to open 300 restaurants by 2030 in France as a part of its expansion plan.Additional Benefits: The market estimate (ME) sheet in Excel format 3 months of analyst support Please note: The report will take approximately 2 business days to prepare and deliver.