Foodservice Market, By Sector (Commercial and Non-commercial), By Systems (Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, and Assembly-Serve Foodservice System), By Types of Restaurants (Fast Food Restaurants, Full-Service Restaurants, Limited Service Restaurants, and Special Food Services Restaurants), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Foodservice is a sale of food and beverages that are prepared for home deliveries. Foodservice outlets are divided into two fields: commercial establishments which include fast- catering, food restaurants, recreational outlets, and nightclubs. Non-commercial outlets include food services that operates inside the premises of an organizations such as schools, hospitals, military bases, etc. The food service market is differentiated on the basis of operation systems, into conventional system where the ingredients are collected, prepared and served on the same premises. Commissary food service system, where food is prepared at one center and distributed to other areas for final preparation and service. Ready prepared food service system, where food is prepared in advance and kept frozen until service. Lastly, assembly service system, this is fully prepared meal and only finishing processes is done at the time of service. The food service is differentiated on the basis of serving styles; Cart French Service, Banquet French Service, Butlered Service and Russian Service.

Rising demand for mobile food service

Growing popularity of food trucks, trailers, carts, and food stands is propelling the mobile foodservice market. These tend of mobile foodservice outlets is superior as compared to conventional restaurants, mainly due to low initial capital investments, low yearly overhead costs, and the growing popularity of street food among the urban young population. Additionally, establishment of mobile foodservice provides better opportunities for expansion of the customer base as well as customization of the menus to meet the growing demands of consumers. Rising demand for mobile food service will dominate the expansion of the global foodservice market at a CAGR of almost 5% in the coming years. 

In recent years, there has been a rapid growth in the popularity of delivery-optimized ghost kitchens. These kitchens contain all the required kitchen facilities as well as equipment for the preparation of meals online delivery. Along with the growing number of online food orders, given the emergence of online food delivery platforms, ghost kitchens have arisen as a key business model in the foodservice industry. Thus, several major foodservice establishments worldwide are focusing on developing ghost kitchens to provide superior customer service while lowering the labor costs and rent involved in the conventional setups. Furthermore, requirement for ghost kitchens is one of the key trends expected to drive the global foodservice market growth over the forecast period.

Conversely, changing consumer preferences and quality of food with hygiene might affect growth of the target market to a certain extent in the coming years

The global foodservice market is segmented based on sector, systems, types of restaurants, and region.

On the basis of sector, the global foodservice market is segmented into commercial and non-commercial. On the basis of systems, the target market is classified into conventional foodservice system, centralized foodservice system, ready prepared foodservice system, and assembly-serve foodservice system. On the basis of types of restaurants, the target market is classified into fast food restaurants, full-service restaurants, limited-service restaurants, and special food services restaurants.

Regional Insights:

On region the global food service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, North America forecast highest number of food chains and restaurants owing to increasing demand for fast food. Additionally, the North America market offers advantages from high number of high-value transactions and mergers in past few years. Asia-pacific estimated for the highest market for foodservice, and the region will provide various growth opportunities to market vendors in the coming years. Factors such as availability of a variety of cuisine, growing the number of restaurants, increasing preference for dining out by millennials, and use of advanced technologies in stores are supporting to the foodservice market growth in this region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global food service market report based on sector, systems, types of restaurants, and region.

Global Foodservice Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the global foodservice market includes Aramark, Compass Group Plc, Domino’s Pizza Inc., McDonald's Corp., Inspire Brands Inc., Restaurant Brands International Inc., Performance Food Group Co., Sodexo Group, Starbucks Corp., and YUM! Brands Inc. Key players operating in the target market are focusing on expanding their market presence in order to meet the growing demands of consumers. For instance, on May 2019, Burger King has planned to open more than 100 restaurants in Ontario and Manitoba in the coming five years in order to boost growth in the underpenetrated burger market of Canada. Burger King Canada has inked a new five-year expansion deal with long-time partner, Redberry Restaurants in order to expand the number of Burger King restaurants in Canada by 25% so even more guests can enjoy the chicken fries, iconic flame-grilled Whopper sandwich, and other Burger King favorites.

Aramark:

One of the market leaders in foodservice and integrated workplace solutions provider, launches DISH, a Digital Innovation Solution for Healthcare. The transformative platform offers a bespoke digital ordering system for healthcare environments.

• Aramark
• Compass Group Plc
• Domino’s Pizza Inc.
• Inspire Brands Inc.
• Restaurant Brands International Inc.
• Performance Food Group Co.
• Sodexo Group
• Starbucks Corp.
• YUM! Brands Inc.