Cinema Concessions - Nordics

Nordics

Highlights

In the Nordics, revenue in the Cinema Concessions market market is projected to reach US$685.50m in 2024.
Revenue in this market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.06%, leading to a projected market volume of US$797.00m by 2029.
Additionally, the number of viewers in the Cinema Concessions market market within the Nordics is anticipated to amount to 13.7m users by 2029.
User penetration is forecasted to be 44.5% in 2024, with an expected increase to 47.7% by 2029.
The average revenue per viewer in this market is expected to reach US$54.91.
In a global context, the highest revenue is expected to be generated the United States, estimated at US$9.88bn in 2024.
In the Nordics, cinema concessions are increasingly focused on premium experiences, reflecting a consumer shift towards gourmet snacks and enhanced service offerings.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Concessions market in Nordics has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in the Nordics have shifted towards a more premium cinema experience, with a focus on high-quality food and beverages. Customers are increasingly looking for a wide range of options, including gourmet popcorn, craft beers, and artisanal snacks. This trend is driven by a desire for a more immersive and enjoyable cinema experience, as well as a growing interest in food and beverage culture. Additionally, customers in the Nordics are known for their high disposable income and willingness to spend on premium products and experiences. Trends in the market reflect this shift towards premium offerings. Cinemas in the Nordics are investing in upgrading their concession stands, offering a wider variety of premium food and beverage options. They are also partnering with local gourmet food and beverage brands to provide unique and exclusive offerings. This trend is not only limited to traditional cinema snacks, but also extends to full-service dining options within the cinema premises. This allows customers to enjoy a complete dining experience while watching a movie. Local special circumstances in the Nordics also contribute to the development of the Cinema Concessions market. The region has a strong food and beverage culture, with a focus on high-quality and locally sourced ingredients. Cinemas in the Nordics are capitalizing on this by partnering with local food and beverage producers, creating a sense of authenticity and supporting local businesses. Additionally, the long winters in the Nordics create a demand for indoor entertainment options, making cinemas a popular choice for socializing and enjoying a movie. Underlying macroeconomic factors also play a role in the growth of the Cinema Concessions market in the Nordics. The region has a strong economy, with high levels of disposable income and a stable consumer market. This allows cinemas to invest in upgrading their concession stands and offering premium food and beverage options. Furthermore, the Nordics have a high cinema attendance rate compared to other regions, indicating a strong market demand for cinema experiences. In conclusion, the Cinema Concessions market in the Nordics is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards premium offerings and partnerships with local food and beverage producers reflect the desire for a more immersive and enjoyable cinema experience. The strong economy and high cinema attendance rate in the Nordics provide a favorable market environment for the growth of the Cinema Concessions market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Cinema market, which comprises revenues from box office, advertsing and concessions. The market includes both consumer and advertising spending. All monetary figures refer to consumer spending on tickets and concessions. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.