Foodservice Market Size 2022 Top Companies, Trend Analysis, Industry Share, Current Growth, Business Strategy and Forecast 2030
Credible Markets Analytics Pvt. Ltd.
Reimagining Market Intelligence
Foodservice Market reached a value of US$ 2,750 Billion in 2021 and expects the market to reach US$ 3,629 Billion by 2027, exhibiting a CAGR of 3.85% during 2022 to 2027.
Foodservice outlets are establishments that provide meals and snacks for on-the-spot consumption (food away from home). The majority of food-away-from-home spending was spent at commercial foodservice facilities. Full-service restaurants, quick food outlets, caterers, some cafeterias, and other businesses that prepare, serve, and sell food to the general public for profit fall under this category.
What Is Food Service?
Food Service refers to catering services or providing food made outside the home, to the public. There are various companies in the catering business which provide such services. Food services also called a catering industry or business provide packaged food service as well as real-time food service. Foodservice industry includes various kind of restaurants such as fast food/ quick-service restaurants, full-service restaurants, limited-service restaurants, and special food service restaurants.
Major Players in Foodservice Market by Foodservice System market are:
Domino’s Pizza Inc.
Performance Food Group Co.
Restaurant Brands International Inc.
Starbucks Corp.
McDonald's Corp.
Sodexo Group
Aramark
Inspire Brands Inc.
YUM! Brands Inc.
Compass Group Plc
领英推荐
Most important types of Foodservice Market by Foodservice System products covered in this report are:
Most widely used downstream fields of Foodservice Market by Foodservice System market covered in this report are:
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
The main contributors to growth in the industry include socio-economic conditions, such as high disposable income, busy and increased mobile life, rise in outsourcing of non-core activities by companies and market expansion into new areas such as transport and retail. Some other factors that can influence the market include tourism, immigration, food variety, access to food service places and technological advancements as in Internet through online ordering.
Based on sector, the market is bifurcated into Commercial, Non-Commercial. The commercial segment held the largest market share. The factors can be attributed to the higher share of commercial segment include the rise in the number of restaurants, café, dine out places etc which offer a different experience, food menu, taste and cuisines which add to the value provided by these services. There has been an increased preference by the younger population to visit these places to socialize, interact and spend time which has increased the market share of commercial segment.
Frequently Asked Questions
About US
Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.
Contact Us
Credible Markets Analytics
99 Wall Street 2124 New York, NY 10005
Email:?[email protected]