Food Service Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: KFC, Mcdonald's, Burger King Holdings, Top Catering, China Yum Brands

The Global Food Service Market will register an 8.2% cagr in terms of revenue, the global market size will reach us$ 8.870 million by 2027.

Food Service Market Overview

The expansion of commercial spaces such as cafés and restaurants as places to mingle and spend time with new and innovative food consumption has changed food consumption habits as a result of the growing working class, which includes millennial populations. The acceptance of a fast lifestyle and the elimination of home cooking as a component of family activities has boosted demand for non-traditional ready-to-eat foods and a mix of different ingredients with various flavours has increased demand for the food services sector. The rise of the food service market has been aided by an increase in the number of food items available and increased adoption of newer and more diverse menus, as well as the introduction of home delivery options.

The foodservice industry is one of those thriving markets that has shown extraordinary growth over the last decade and is expected to continue developing at a quick pace throughout the projection period. The Indian foodservice market is driven by a large share of the country's young and working population. The availability of well-organized retail space helps the sector support the growth of both domestic and international brands in a variety of formats.

Who are the major players in Food Service Market?

Top key players in the Food Service market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Food Service market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include KFC, Mcdonald's, Burger King Holdings, Top Catering, China Yum Brands, Inner Mongolia Little Sheep Catering, Inner Mongolia Small Tail Sheep Catering, Shanghai Jinjiang International Hotel Development, Hebei Sanhe City Fucheng Catering Management, Chongqing Dezhuang Industry (Group), Tianjin Dexi Food Development, Chongqing Cygnet Investment Holding (Group), China Quanjude (Group) Shares, Zhongshan Harbor Food And Entertainment Management and other.

Industry news;

NBA AFRICA AND KFC AFRICA ANNOUNCE MARKETING PARTNERSHIP

May 17, 2022 – NBA Africa and KFC Africa today announced a marketing partnership that will see NBA Africa and KFC Africa collaborate on a number of promotions and activations for basketball fans across eight countries on the continent: Botswana, Ghana, Ivory Coast, Kenya, Namibia, Nigeria, Senegal and Tanzania.

 What are the major applications, types and regions for Food Service Market?

Market is segmented based on the type, applications, companies and regions.

By type, Food Service Market has been segmented into 

• Restaurant


• Fast Food Restaurant


• Snack Bar


• Liquor Stores


• The Dining Room


• Group Meal Distribution Unit


• Central Kitchen


• Other

The end user’s industry application on Food Service Market is, 

• Residential


• Office Buildings


• School


• Transportation Hub


• Mall


• Other

Food Service Market regional analysis

North America holds the major foodservice market share with the value of USD billion in 2020 The rising number of dual-earner households, rising disposable income, the presence of fast-food chains, and the region's overall economic growth are all key factors in making this region one of the greatest markets in the business. The United States is the largest market in North America, owing to consumer preferences of eating out most days of the week and the expansion of institutional catering in the country over the last few years.

North america

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  • Us
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • Uk
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of europe
  
  
  
  


• Asia-pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South korea
  
  
  • Rest of asia-pacific
  
  
  
  


• Rest of the world
  
  
  
  • Middle east & africa
  
  
  • Latin america
  
  
  
  

The Food Service market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Food Service market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Food Service Market report scope?

Key takeaways from this evaluate Food Service report

• Evaluate Food Service market potential through analyzing growth rates (cagr %), volume (units) and value ($m) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, swot and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Food Service market entropy - m&a's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently asked questions

What is the study period of this Market?

The Food Service market is studied from 2017 - 2027.

What is the growth rate of Food Service Market?

The Food Service market is growing at a cagr of 8.2% over the next 5 years.

Who are the key players in Food Service Market?

KFC, Mcdonald's, Burger King Holdings, Top Catering, China Yum Brands, Inner Mongolia Little Sheep Catering, Inner Mongolia Small Tail Sheep Catering, Shanghai Jinjiang International Hotel Development, Hebei Sanhe City Fucheng Catering Management, Chongqing Dezhuang Industry (Group), Tianjin Dexi Food Development, Chongqing Cygnet Investment Holding (Group), China Quanjude (Group) Shares, Zhongshan Harbor Food and Entertainment Management

What regions does this Food Service Market report covers?

North america (the United States, canada, and mexico)

europe (germany, france, uk, russia, and italy)

asia-pacific (china, japan, korea, india, and southeast asia)

south america (brazil, argentina, colombia, etc.)

The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)

What are the significant types of Food Service Market?

Stackable Food Service, Shelf Dehydrators

What are the major end-use applications of the Food Service Market?

Home Use, Commercial Use

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