All updated as on -
Food Delivery The market size was estimated at USD 5,348.59 billion in 2023 and is anticipated to increase to USD 6,791.39 billion between 2023 and 2030 with a CAGR of 4.82%.
Any company that prepares and serves meals outside for on-site consumption or takeout delivery is referred to as a food service restaurant. Retailers, counter and table servers, and providers are examples of people who work in the food service sector. Due to rising disposable incomes, an increase in the number of working women, and the convenience of fast food, the global market for fast food is expanding. In addition to these elements, the proliferation of diverse fast food restaurant formats is becoming increasingly popular in both developed and developing economies around the world, while franchising at establishments like Domino's, McDonald's, and KFC continues to be one of the most common growth methods.
The millennial generation is spending more money at quick-service restaurants as a result of their preference for fast cuisine. By fusing the potential for globalization with the strong franchise business model, many multinational corporations may expand their influence in new countries like the Asia Pacific and South America. For instance, SOHO Coffee Co. extended its internet platforms in August 2021 in order to diversify its sales. To reach out to new customers and diversify sales, the U.K.-based chain of coffee shops and food-to-go restaurants is growing its other offering.
The process of serving food to a visitor or customer in a business is known as food service. It all revolves on the food and drinks that are consumed out from the house. Customers go to food service establishments for a variety of reasons, including to mingle, celebrate, add convenience, and discover new tastes and flavors. The preparation and serving of meals to customers who are dining outside the home fall under the purview of the food service industry. All types of eateries, from fine dining to fast food, institutional food operations at facilities like schools and hospitals, as well as other speciality vendors like food truck owners and catering companies, are included in this. These businesses all have the same objective, which is to offer consumers food goods.
The market expansion is due, among other things, to the expanding popularity of eating out, the expansion of fast food restaurants, and the rising desire for upscale cuisine. In addition, one of the key reasons propelling the market's expansion is the global food industry's rapid technological progress. Global urbanization, population growth, changing lifestyles, and economic development are all driving the market's expansion.
The process of serving food to a visitor or customer in a business is known as food service. It all revolves on the food and drinks that are consumed out from the house. Customers go to food service establishments for a variety of reasons, including to mingle, celebrate, add convenience, and discover new tastes and flavors. The preparation and serving of meals to customers who are dining outside the home fall under the purview of the food service industry.
Due to limits put in place in the middle of 2020, when the virus spread at its fastest rate, the COVID-19 pandemic had a substantial impact on the world economy and various businesses. Various businesses have been impacted by government regulation and restrictions, including lockdowns and border closures. Supply chains were also hampered as a result of blocked borders and travel restrictions. Economic slowdowns, supply chain disruptions, and production unit closures all have a significant effect on the food service sector. Due of the stringent limitations placed on dine-in during the epidemic, hotels and restaurants were shuttered.
In addition, many customers were hesitant to eat in a small food service environment due to the risk of contracting COVID-19. As a result, during the epidemic, restaurant spending and visits drastically decreased. The lockdown and border closures also caused a decline in the number of tourists and travelers in both the domestic and foreign sectors. The decrease in tourists and visitors also had an influence on the food service business, which depends heavily on tourism. As a result, the market was impacted by the impact on travel and tourism.
Report Coverage
Global Foodservice research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Foodservice report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Foodservice competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Foodservice market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Foodservice market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Foodservice market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aramark Corporation, Compass Group North America, Doctor’s Associates Inc., Domino’s, McDonald’s Corp., Restaurant Brands International, Seven & I Holdings Co. Ltd., Sodexo, Starbucks Corporation, Starbucks (U.S.), Costa Limited (U.K.), Tim Hortons (Canada ), Dominos (U.S.), KFC Corporation (U.S.), Supermac's (Ireland), Jollibee (Philippines), Baskin Robbins (U.S.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Foodservice market based on the below-mentioned segments:
Global Foodservice Market, By Sector
Commercial
Non-Commercial
Global Foodservice market, By System
Conventional
Centralized
Ready-Prepared
Assembly Serve
Global Foodservice market, Regional Analysis
Any company that prepares and serves meals outside for on-site consumption or takeout delivery is referred to as a food service restaurant. Retailers, counter and table servers, and providers are examples of people who work in the food service sector. Due to rising disposable incomes, an increase in the number of working women, and the convenience of fast food, the global market for fast food is expanding. In addition to these elements, the proliferation of diverse fast food restaurant formats is becoming increasingly popular in both developed and developing economies around the world, while franchising at establishments like Domino's, McDonald's, and KFC continues to be one of the most common growth methods.
The millennial generation is spending more money at quick-service restaurants as a result of their preference for fast cuisine. By fusing the potential for globalization with the strong franchise business model, many multinational corporations may expand their influence in new countries like the Asia Pacific and South America. For instance, SOHO Coffee Co. extended its internet platforms in August 2021 in order to diversify its sales. To reach out to new customers and diversify sales, the U.K.-based chain of coffee shops and food-to-go restaurants is growing its other offering.
The process of serving food to a visitor or customer in a business is known as food service. It all revolves on the food and drinks that are consumed out from the house. Customers go to food service establishments for a variety of reasons, including to mingle, celebrate, add convenience, and discover new tastes and flavors. The preparation and serving of meals to customers who are dining outside the home fall under the purview of the food service industry. All types of eateries, from fine dining to fast food, institutional food operations at facilities like schools and hospitals, as well as other speciality vendors like food truck owners and catering companies, are included in this. These businesses all have the same objective, which is to offer consumers food goods.
The market expansion is due, among other things, to the expanding popularity of eating out, the expansion of fast food restaurants, and the rising desire for upscale cuisine. In addition, one of the key reasons propelling the market's expansion is the global food industry's rapid technological progress. Global urbanization, population growth, changing lifestyles, and economic development are all driving the market's expansion.
The process of serving food to a visitor or customer in a business is known as food service. It all revolves on the food and drinks that are consumed out from the house. Customers go to food service establishments for a variety of reasons, including to mingle, celebrate, add convenience, and discover new tastes and flavors. The preparation and serving of meals to customers who are dining outside the home fall under the purview of the food service industry.
Due to limits put in place in the middle of 2020, when the virus spread at its fastest rate, the COVID-19 pandemic had a substantial impact on the world economy and various businesses. Various businesses have been impacted by government regulation and restrictions, including lockdowns and border closures. Supply chains were also hampered as a result of blocked borders and travel restrictions. Economic slowdowns, supply chain disruptions, and production unit closures all have a significant effect on the food service sector. Due of the stringent limitations placed on dine-in during the epidemic, hotels and restaurants were shuttered.
In addition, many customers were hesitant to eat in a small food service environment due to the risk of contracting COVID-19. As a result, during the epidemic, restaurant spending and visits drastically decreased. The lockdown and border closures also caused a decline in the number of tourists and travelers in both the domestic and foreign sectors. The decrease in tourists and visitors also had an influence on the food service business, which depends heavily on tourism. As a result, the market was impacted by the impact on travel and tourism.
Report Coverage
Global Foodservice research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Foodservice report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Foodservice competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Foodservice market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aramark Corporation, Compass Group North America, Doctor’s Associates Inc., Domino’s, McDonald’s Corp., Restaurant Brands International, Seven & I Holdings Co. Ltd., Sodexo, Starbucks Corporation, Starbucks (U.S.), Costa Limited (U.K.), Tim Hortons (Canada ), Dominos (U.S.), KFC Corporation (U.S.), Supermac's (Ireland), Jollibee (Philippines), Baskin Robbins (U.S.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Foodservice Market from 2021 to 2030.
- Market Forecast for Foodservice Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Foodservice competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Foodservice
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Foodservice market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Foodservice market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aramark Corporation, Compass Group North America, Doctor’s Associates Inc., Domino’s, McDonald’s Corp., Restaurant Brands International, Seven & I Holdings Co. Ltd., Sodexo, Starbucks Corporation, Starbucks (U.S.), Costa Limited (U.K.), Tim Hortons (Canada ), Dominos (U.S.), KFC Corporation (U.S.), Supermac's (Ireland), Jollibee (Philippines), Baskin Robbins (U.S.).
Primary Target Market
- Market Players of Foodservice
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Foodservice market based on the below-mentioned segments:
Global Foodservice Market, By Sector
Commercial
Non-Commercial
Global Foodservice market, By System
Conventional
Centralized
Ready-Prepared
Assembly Serve
Global Foodservice market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the foodservice market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.