Global Foodservice Market Overview
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. The global food service market accounted for US$ 2,540.05 billion in 2022 and is estimated to be US$ 7,572.5 billion by 2032 and is anticipated to register a CAGR of 10.9%.
Global Foodservice Market Dynamics
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
Global Foodservice Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
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:
The global food service market accounted for US$ 2568.1 billion in 2020 and is estimated to be US$ 6317.95 billion by 2030 and is anticipated to register a CAGR of 9.5%. 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:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 – 2032 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Foodservice Market Key Players
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.
Global Foodservice Market Company Profile
- Aramark
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Compass Group Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Domino’s Pizza Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Inspire Brands Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Restaurant Brands International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Performance Food Group Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sodexo Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Starbucks Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- YUM! Brands Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Foodservice Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Foodservice Strategies
- Key Questions this Study will Answer
- Market Snippet, By Sector
- Market Snippet, By System
- Market Snippet, By Types of Restaurants
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Foodservice Market, By Sector, 2018 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 – 2024
- Y-o-Y Growth Analysis (%), 2018 – 2024
- Segment Trends
- Commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Non-commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Overview
- Global Foodservice Market, By System, 2018 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 – 2024
- Y-o-Y Growth Analysis (%), 2018 – 2024
- Segment Trends
- Conventional Foodservice System
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Centralized Foodservice System
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Ready Prepared Foodservice System
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Assembly-Serve Foodservice System
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Overview
- Global Foodservice Market, By Types of Restaurants, 2018 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 – 2024
- Y-o-Y Growth Analysis (%), 2018 – 2024
- Segment Trends
- Fast Food Restaurants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Full-Service Restaurants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Limited Service Restaurants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Special Food Services Restaurants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2018 – 2024
- Overview
- Global Foodservice Market, By Region, 2018 – 2024, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2018 – 2024
- Y-o-Y Growth Analysis (%), 2018 – 2024
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Sector, 2018 – 2024
- Market Size and Forecast (US$ Mn), By System, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Types of Restaurants, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2018 – 2024
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Sector, 2018 – 2024
- Market Size and Forecast (US$ Mn), By System, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Types of Restaurants, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2018 – 2024
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Sector, 2018 – 2024
- Market Size and Forecast (US$ Mn), By System, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Types of Restaurants, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2018 – 2024
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Sector, 2018 – 2024
- Market Size and Forecast (US$ Mn), By System, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Types of Restaurants, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2018 – 2024
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Sector, 2018 – 2024
- Market Size and Forecast (US$ Mn), By System, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Types of Restaurants, 2018 – 2024
- Market Size and Forecast (US$ Mn), By Country, 2018 – 2024
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Aramark
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- 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.
- YUM! Brands Inc.
- Aramark
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Foodservice Market report segments the market on the basis of sector, systems, types of restaurants, and region.
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 drives the food service market.
North America forecast highest number of food chains and restaurants owing to increasing demand for fast food.Hence, North America dominates the market of foodservice.
The leading players operating in 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.