Global Foodservice Market Overview:
Foodservice also called as catering service. It is liable for the preparation and delivery of food. Due to the increasing prevalence of online catering services as well as improving financial conditions across the globe will show robust growth in the forecasting years.
As per latest study released by AMA Research, the Global Foodservice market is expected to see growth rate of 11.0%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Attractive Packaging of the Food Products, Hectic Timetable and Changing Routine and Availability of Flavors
Market Growth Drivers:
Improvement and Customization of Food Menus and Rising Demand of Gluten-Free Food
Challenges:
Variations in Food Product Charges
Restraints:
Quality of Food with Hygiene and Changing Consumer Preferences
Opportunities:
Increasing Demand of Online Food Service and Innovation in Technology of Food Ordering
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Aramark (United States), Compass Group North America (United States), Domino’s (United States), McDonald’s (United States), Restaurant Brands International (Canada), Sodexo (France), Starbucks (United States), Yum!Brands (United States), American Dairy Queen (United States), Sonic America's Drive-In Brand Properties (United States) and Arby's (United States). Additionally, following companies can also be profiled that are part of our coverage like Autogrill (Italy), Avi Foodsystems (United States), Ben E Keith (United States), Bon Appétit Management Company (United States) and Carl's Jr. Restaurants (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Foodservice market by 2030. Considering Market by Food Service System, the sub-segment i.e. Conventional Foodservice System will boost the Foodservice market. Considering Market by Sector, the sub-segment i.e. Commercial will boost the Foodservice market.
Latest Market Insights:
In January 2024, Compass Group announced the acquisition of Foodbuy, a leading foodservice procurement company, for an undisclosed amount. This deal strengthens Compass Group's position in the business and education dining markets.
What Can be Explored with the Foodservice Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Foodservice Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Foodservice
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Foodservice market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Foodservice market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Foodservice Manufactures, Foodservice Distributors/Retailors, Row Material Provider, Government, Private Research Organization and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.