Despite numerous challenges, Ireland’s food and drink industry had a good year
Dublin: Despite numerous challenges, Ireland’s food service sector has recovered to pre-Covid levels. The complete lifting of COVID restrictions has resulted in a significant increase in the number of people eating out. According to Bord Bia’s 2022 Irish Foodservice Market Insights report, this has paved the way for the out-of-home industry to reclaim its former glory.
Lunch, early dinner, and breakfast are the most popular meals. According to the report, the industry grew by 61% and profited 8.2 billion euros. With the complete lifting of the COVID restrictions, 76% of consumers in the country are back to enjoying social dining, the report says.
However, there is some concern in this sector that rising inflation and other issues will hinder the expected growth in the coming year. However, 77% of consumers are concerned about financial difficulties. The fear is that this will result in lower social dining costs.
High inflation, rising interest rates, global uncertainty, and soaring energy prices all pose significant challenges to businesses. The problem is that the food supply chain can only move forward if all of these issues are effectively addressed.
According to Maureen Gahan, a food service specialist at Bord Bia, the sector’s return is welcomed, but many businesses are sceptical that this progress will be sustained next year.
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