About Food Service
Food Service is comprises of broad range of services offered which includes the food prepared outside, ingredient business, food delivery business and others. A large number of services, goods, and products fall under the food service providers. Rapid urbanisation and the growth of the disposable income has led to changing consumer behaviours, such as rise of out of home food consumption culture among the young. The food services industry is one of the largest in the world and thus employees several millions of workers. Emergence of New services such as ready to eat and home delivery have also grown in popularity in the recent years due to fast moving urban lifestyle of the young people. Geographically, North America and the Asia Pacific region are the two most prominent markets of the food service.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Domino's Pizza Inc. (United States), McDonald's Corp. (United States), KFC (United States), Starbucks Corporation (United States), Burger King (United States), Coffee Day Enterprises Ltd. (India), Barbeque Nation (India), Pizza Hut (United States), Subway (United States) and Yum! Brands Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Chipotle Mexican Grill, Inc. (United States), Dunkin' Donuts LLC (United States) and Taco Bell (United States).
Segmentation Overview
AMA Research has segmented the market of Global Food Service market by Type (Full-Service Restaurants, Quick Service Restaurants, Cafes/Bars, Home Delivery and Others), Application (Commercial and Non-Commercial) and Region.
On the basis of geography, the market of Food Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Restaurant Types , the sub-segment i.e. Fast Food Restaurants will boost the Food Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Conventional will boost the Food Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ready-Prepared are rising in Popularity
Market Growth Drivers:
Rapid Urbanisation and Rising Disposable Income and Growth of the Food and Beverages Market
Challenges:
Increase in Government Regulations to Prevent Adulteration and Contamination
Restraints:
Rising Competition due to Presence of Large Number of Players
Opportunities:
Asia Pacific Region is expected to Grow Further
Market Leaders and their expansionary development strategies
In 2019, Kelso & Company, a United States based private equity firm has announced acquisition of Individual FoodService, which is a leading distributor of Food Service Disposables and Janitorial & Sanitation products. Kelso can provide its financial resources as well as share its expertise in the field of distribution to accelerate the growth of the Individual FoodService.
In 2019, Performance Food Group, a leading innovative food distributer and supplier has announced completion of acquisition of Reinhart Foodservice. Reinhart Foodservice which is also positioned as one of the five largest food distributers in United States. The acquisition will significantly improve the market standing as well as enhance the distribution network of the Performance Food Group.
Key Target Audience
Food Service Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.