Bord Bia's 2022 Irish Foodservice Market Insights Report shows the Irish foodservice, or"out of home", industry saw significant growth of 61% in value to reach over €8.2 billion this year.
But 77% of consumers are concerned about their finances and many are changing their out-of-home consumption to reduce costs. "Significant economic headwinds remain in place, including higher inflation, rising interest rates, global uncertainty and rising energy prices, all of which are likely to create consumer pull back and add to existing industry challenges," Ms Gahan said.
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