Global Food Service Market Anticipated to Grow at a CAGR of 4.1% during 2016-2024 from USD 3.20 Trillion in 2016

According to Goldstein Research, global food service industry is expected to grow from USD 3.20 billion 2016, growing at a CAGR of 4.1% over the forecast period 2016-2024. The rising concerns of consumers over the total number of calorie intake, demand for healthy meals and the fresh quality food is also increasing. This is propelling the growth of food service market across the globe. Global food service market segmentation has been done on the basis of system type, types of restaurant and geography.

Different priorities such as fresh and natural food with high nutrient content, adventurous meals with authentic and sophisticated services from users are creating market competitiveness for providing high value-oriented food services to the consumers and thereby expanding food service business across the globe. Global food service market is largely dominated by North America but saturation and stagnation in the food business getting matured in the U.S. is creating stable growth of North America food service market. Whereas, Asia-Pacific region is likely to dominate the global food service market over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Food Service Market can be segmented as follows:

Based on System Type

• Conventional Food Service System
• Centralized Food Service System
• Ready-Prepared Food Service System
• Assembly Food Service System

Based on Types of Restaurants

• Fast Food Restaurants
• Full-Service Restaurants
• Limited Service Restaurants
• Special Food Services Restaurants

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Food Service Market Outlook 2024” contains detailed overview of the global food service market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by system type and types of restaurant.

Further, for the in-depth analysis, Global Food Service Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This competitive analysis reports also includes competitive outlook of some of the major players profiling of companies such as Aramark Corporation, Guest Services, Sodexo, Compass Group North America, McDonald's, Domino's, Starbucks, Restaurant Brands International, AVI Foodsystems, Gordon Food Service, Papa John's, Carl's Jr., Del Taco Restaurants, Arby's Restaurant Group, Autogrill Group, Performance Food Group, Reinhart Foodservice, Sysco Corporation, Food Services America, Shamrock Foods Company, Yum! Brands, Inc, Labatt Food Service, Cheney Brothers, Inc., Glazier Foods, U.S. Foods, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global food service market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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