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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206579
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1206579
Food Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global food service market size reached US$ 2,880.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,787.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Foodservice refers to the sale of food and beverages that are prepared for immediate consumption or for takeaways and home deliveries. Foodservice outlets are classified into two sectors: commercial establishments which include fast-food restaurants, catering, nightclubs and recreational outlets. Non-commercial outlets which include food operations that run inside the premises of an organizations such as hospitals, schools, military bases, etc. The food service market can also be classified on the basis of operation systems, into conventional system where the ingredients are assembled, prepared and served on the same premises. Centralized system, in which food production is centralized and is then transported to the kitchens at different locations. Ready prepared system in which the food is prepared onsite and stored chilled or frozen until required, and assembly-serve systems in which pre-prepared foods are purchased, stored, assembled, and served to the consumer.
Global Food Service Market Trends:
- Growing demand for customization and innovation in food menu options is among the key factors driving the global foodservice market. Consumers are provided with a wide variety of alternatives to customize their meals according to their taste, dietary and budget preferences. Millennials and working professionals are the key target consumers for the market owing to their increasing preference for hassle-free, nutritious and hygienic food that is readily available. Additionally, commercial restaurants and cafes have emerged as a convenient place for teenagers, families, and young professionals to socialize and relax, thus catalyzing the growth of the market. Moreover, development of e-commerce/online platforms and on-the-go food services coupled with innovations in packaging, introduction of low-fat beverages, gluten free products, etc, are also contributing significantly to the growth of the market. Furthermore, factors such as increasing number of working women, reduced practice of preparing home-cooked meals, increasing disposable incomes, improving distribution channels, etc. are also catalysing the growth of the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global food service market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on sector, systems and types of restaurants.
Breakup by Sector:
- Commercial
- Non-commercial
Breakup by Systems:
- Conventional Foodservice System
- Centralized Foodservice System
- Ready Prepared Foodservice System
- Assembly-Serve Foodservice System
Breakup by Types of Restaurants:
- Fast Food Restaurants
- Full-Service Restaurants
- Limited Service Restaurants
- Special Food Services Restaurants
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape:
- The report has also analysed the competitive landscape of the market along with the profiles of the key players operating in the market.
Key Questions Answered in This Report:
- 1. What was the size of the global food service market in 2022?
- 2. What is the expected growth rate of the global food service market during 2023-2028?
- 3. What are the key factors driving the global food service market?
- 4. What has been the impact of COVID-19 on the global food service market?
- 5. What is the breakup of the global food service market based on the sector?
- 6. What is the breakup of the global food service market based on the systems?
- 7. What is the breakup of the global food service market based on the types of restaurants?
- 8. What are the key regions in the global food service market?
Product Code: SR1323A51_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Food Service Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Sector
- 5.5 Market Breakup by Systems
- 5.6 Market Breakup by Types of Restaurants
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
6 Market Breakup by Sector
- 6.1 Commercial
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Non-commercial
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Systems
- 7.1 Conventional Foodservice System
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Centralized Foodservice System
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Ready Prepared Foodservice System
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Assembly-Serve Foodservice System
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Types of Restaurants
- 8.1 Fast Food Restaurants
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Full-Service Restaurants
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Limited Service Restaurants
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Special Food Services Restaurants
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 Asia Pacific
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 North America
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
Product Code: SR1323A51_Report
List of Figures
- Figure 1: Global: Food Service Market: Major Drivers and Challenges
- Figure 2: Global: Food Service Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Food Service Market: Breakup by Sector (in %), 2022
- Figure 4: Global: Food Service Market: Breakup by Systems (in %), 2022
- Figure 5: Global: Food Service Market: Breakup by Types of Restaurants (in %), 2022
- Figure 6: Global: Food Service Market: Breakup by Region (in %), 2022
- Figure 7: Global: Food Service Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Food Service Industry: SWOT Analysis
- Figure 9: Global: Food Service Industry: Value Chain Analysis
- Figure 10: Global: Food Service Industry: Porter's Five Forces Analysis
- Figure 11: Global: Food Service (Commercial) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 12: Global: Food Service (Commercial) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 13: Global: Food Service (Non-commercial) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 14: Global: Food Service (Non-commercial) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 15: Global: Food Service (Conventional Foodservice System) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 16: Global: Food Service (Conventional Foodservice System) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 17: Global: Food Service (Centralized Foodservice System) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 18: Global: Food Service (Centralized Foodservice System) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 19: Global: Food Service (Ready Prepared Foodservice System) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 20: Global: Food Service (Ready Prepared Foodservice System) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 21: Global: Food Service (Assembly-Serve Foodservice System) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 22: Global: Food Service (Assembly-Serve Foodservice System) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 23: Global: Food Service (Fast Food Restaurants) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 24: Global: Food Service (Fast Food Restaurants) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 25: Global: Food Service (Full-Service Restaurants) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 26: Global: Food Service (Full-Service Restaurants) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 27: Global: Food Service (Limited Service Restaurants) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 28: Global: Food Service (Limited Service Restaurants) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 29: Global: Food Service (Special Food Services Restaurants) Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 30: Global: Food Service (Special Food Services Restaurants) Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 31: Asia Pacific: Food Service Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 32: Asia Pacific: Food Service Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 33: North America: Food Service Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 34: North America: Food Service Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 35: Europe: Food Service Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 36: Europe: Food Service Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 37: Middle East and Africa: Food Service Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 38: Middle East and Africa: Food Service Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 39: Latin America: Food Service Market: Sales Value (in Billion US$), 2017 & 2022
- Figure 40: Latin America: Food Service Market Forecast: Sales Value (in Billion US$), 2023-2028
List of Tables
- Table 1: Global: Food Service Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Food Service Market Forecast: Breakup by Sector (in Billion US$), 2023-2028
- Table 3: Global: Food Service Market Forecast: Breakup by Systems (in Billion US$), 2023-2028
- Table 4: Global: Food Service Market Forecast: Breakup by Types of Restaurants (in Billion US$), 2023-2028
- Table 5: Global: Food Service Market Forecast: Breakup by Region (in Billion US$), 2023-2028
- Table 6: Global: Food Service Market: Competitive Structure
- Table 7: Global: Food Service Market: Key Players
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