Industry Background:
The increasing consumption of snacks and meals at food service establishments will help to boost the global consumer foodservice market. There is various type of consumer foodservice market including conventional, centralized, assembly service and ready prepared. With the rising demand for consumer food services in schools, colleges will act as a driver. Consumer Foodservice companies operating in supermarkets offer low-cost choices to consumers to replace their home-cooked meals. Also this strategy, companies in the global consumer foodservice market are adopting other approaches such as introducing bar and restaurant concepts in pool, snooker, and air hockey clubs to attract more clients by providing entertainment. Additionally, virtual foodservice restaurants play an important role in the global market and provide a positive impact on market growth
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Sodexo (France), Aramark Corporation (United States), Compass Group North America (United States), Guest Services (United States), Centerplate (United States), Domino’s (United States), McDonald’s (United States), Restaurant Brands International (Canada), Starbucks (United States) and Yum!Brands (United States) |
According to AMA, the market for Consumer Foodservice is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Health and Wellness Will Continue To Ride High On Consumer Preferences, Innovative Food Packaging and Growing Consumption of Snacks and Meals at Food Service Establishments.
Globally, a noticeable market trend is evident Restaurants Will Increasingly Focus On Consumer Engagement Using Technology
The Food Distributors sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Sodexo (France), Aramark Corporation (United States), Compass Group North America (United States), Guest Services (United States), Centerplate (United States), Domino’s (United States), McDonald’s (United States), Restaurant Brands International (Canada), Starbucks (United States) and Yum!Brands (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global consumer foodservice market consists of many small and large players. All the foodservice enterprises in the market compete to raise their revenue shares. To increase the sales numbers and gain market shares vendors are adopting different strategies based on price, loyalty programs, product innovations, quality of menu, variety of cuisines, and packaging.
Key Developments in the Market:
In October 2023, Realize Leader in CAD, CPQ, and PLM software solutions for manufacturers, announced the acquisition of KCL, the premier design software for foodservice equipment in North America and beyond.
In December 2018, Sodexo, the world leader in Quality of Life services has announced strategic initiative to work with Indian Startups and closely connect with the local digital & innovation ecosystem to strengthen food offers for Sodexo’s clients and consumers.
Regulatory Insights:
“FDA regulates all foods and food ingredients introduced into or offered for sale in interstate commerce, with the exception of meat, poultry, and certain processed egg products regulated by the U.S. Department of Agriculture (USDA). The Center for Food Safety and Applied Nutrition (CFAN), works with FDA field offices to ensure that the nations' food supply (except meat, poultry and some egg products, which are regulated by USDA) is safe, sanitary, wholesome, and honestly labeled and that cosmetic products are safe and properly labeled.”
Influencing Trend:
Restaurants Will Increasingly Focus On Consumer Engagement Using Technology and Social Media Will Continue To Transform Relationships with Consumers
Market Growth Drivers:
Health and Wellness Will Continue To Ride High On Consumer Preferences, Innovative Food Packaging and Growing Consumption of Snacks and Meals at Food Service Establishments
Challenges:
The Concern Associated with Volatile Supply Chain and Fragmented Market And Increasing Competition
Restraints:
High Cost of Food Services and Shortage Of High-Quality Staff And High Attrition
Opportunities:
Rising Demand for Fast Food in Various Regions and Increasing Internet Penetration in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Consumer Foodservice Market
- Analysis about New Entrants in Consumer Foodservice Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Consumer Foodservice Study Sheds Light on
The Consumer Foodservice Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Consumer Foodservice industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Consumer Foodservice industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.