Food Service Global Market Report 2024

Food Service Global Market Report 2024 – By Type (Full Service Restaurants, Quick Service Restaurants, Institutes, Other Types), By Systems (Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System), By Sector (Commercial, Non-Commercial) – Market Size, Trends, And Global Forecast 2024-2033

Name: Food Service Global Market Report 2024
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Food Service Global Market Report 2024

Starting Price : $4000.00 | Pages : 175 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

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Food Service Market Definition

Food service refers to the industry, business, or activity involved in preparing, distributing, and serving food and beverages to customers. It involves various aspects, including menu planning, food preparation, cooking, serving, and ensuring food safety and hygiene. The goal is to meet customers' dietary needs and preferences while providing a pleasant dining experience.

The main types of food service are full-service restaurants, quick-service restaurants, institutes, and others. Full-service restaurants are a type of restaurants that provide a complete dining experience with table service, where customers are seated and served by waitstaff. The various types of systems such as conventional food service systems, centralized food service systems, ready-prepared food service systems, and assembly-serve food service systems. These are used sectors such as commercial, and non-commercial.

Food Service Market Segmentation

The food service market covered in this report is segmented –

1) By Type: Full Service Restaurants, Quick Service Restaurants, Institutes, Other Types

2) By Systems: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System

3) By Sector: Commercial, Non-Commercial

Global Food Service Market Size 2023 to 2028: Graph

Food Service Market Size 2024 And Growth Rate

The food service market size has grown rapidly in recent years. It will grow from $2,348.94 billion in 2023 to $2,593.76 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to rising number of working women, rising demand for online meal ordering, growing food and beverage services, rising demand for themed restaurants, and rising vegan food products.

Food Service Market Growth Forecast

The food service market size is expected to see rapid growth in the next few years. It will grow to $3,888.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing demand for convenience foods, increasing tourism, increasing consumption of dietary food, increasing ready-to-eat meals, and increasing number of food courts. Major trends in the forecast period include developing incorporating technology in food, implementing digital payment solutions, automation in kitchen technology, development of online platforms, and innovative food preparation methods.

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Food Service Market Driver: Rising Demand For Convenience Foods In Food Service

The increasing demand for convenience foods is expected to propel the growth of the food service market going forward. Convenience foods are pre-packaged or pre-prepared foods designed for quick and easy consumption with minimal preparation time, which are typically ready-to-eat or require simple steps such as heating or mixing, catering to busy lifestyles. The growing demand for convenience foods is due to busy lifestyles, lack of time for cooking, and the desire for quick, easy meal solutions. Food services offer quick, ready-to-eat meal options that cater to busy lifestyles through efficient takeout and delivery services, making accessing high-quality meals effortless and time-saving. For instance, in March 2022, according to Blue Diamond Almond, a US-based organization, the ready-to-eat meal segment in the US generated $46,916 million in revenue in 2022, with a 0.83% compound annual increase anticipated by 2026. Therefore, the increasing demand for convenience foods drives the food service market.

Global Food Service Market Major Players

Major companies operating in the food service market are Sysco Corporation, Compass Group, McDonald's Corporation, Sodexo SA, Marriott International, General Mills Inc., Domino's Pizza Inc., Aramark Corporation, Kellogg Company, Darden Restaurants Inc., Chipotle Mexican Grill Inc., Tim Hortons Inc, Yum! Brands Inc., KFC Corporation, Restaurant Brands International Inc., Elior Group, Jollibee Foods Corporation, Papa John's International Inc., Wendy's Company, Whitbread PLC, Supermac's Holdings Ltd., Dunkin' Brands Group Inc., Amoy Food Limited

Global Food Service Market Trend: Food Service Giants Leverage AI For Personalized Meal Planning And Recipe Solutions

Major companies operating in the food service market are developing advanced solutions such as AI-powered, personalized food and recipe solutions to individual preferences and dietary needs and streamlining meal planning and preparation processes. AI-powered, personalized food and recipe solutions aim to make meal planning, cooking, and eating healthier and more enjoyable by leveraging technology to cater to individual needs and preferences. For instance, in August 2023, Samsung Electronics, a South Korea-based electronics company, launched a new AI-powered, personalized food service and recipe platform. It uses advanced Food AI to suggest meals based on user preferences and food seasonality. It offers over 160,000 recipes, acting as a personalized assistant to help users discover new dishes, create tailored meal plans, and order ingredients online. The app can personalize recipes to match users' dietary requirements, nutritional goals, and available ingredients.

Food Service Market Merger And Acquisition: Restaurant Brands International Inc. Acquired Firehouse Restaurant Group Inc.

In November 2021, Restaurant Brands International Inc., a Canada-based provider of quick-service restaurant brands, acquired Firehouse Restaurant Group Inc. for an undisclosed amount. With this acquisition, Restaurant Brands International Inc. aimed to expand its footprint in the fast-casual dining segment and leverage Firehouse Subs' strong brand recognition and customer loyalty. Firehouse Restaurant Group Inc. is a US-based company that offers food service.

Regional Insights For The Global Food Service Market

Asia-Pacific was the largest region in the food service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the food service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The food service market includes revenues earned by entities by dine-in service, delivery service, drive-thru service, buffet service, and mobile food service. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The food service market research report is one of a series of new reports from The Business Research Company that provides food service market statistics, including food service industry global market size, regional shares, competitors with a food service market share, detailed food service market segments, market trends, and opportunities, and any further data you may need to thrive in the food service industry. This food service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Food Service Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2024	$2,593.76 billion
Revenue Forecast In 2033	$3,888.65 billion
Growth Rate	CAGR of 10.7% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Full Service Restaurants, Quick Service Restaurants, Institutes, Other Types 2) By Systems: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System 3) By Sector: Commercial, Non-Commercial
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Sysco Corporation, Compass Group, McDonald's Corporation, Sodexo SA, Marriott International, General Mills Inc., Domino's Pizza Inc., Aramark Corporation, Kellogg Company, Darden Restaurants Inc., Chipotle Mexican Grill Inc., Tim Hortons Inc, Yum! Brands Inc., KFC Corporation, Restaurant Brands International Inc., Elior Group, Jollibee Foods Corporation, Papa John's International Inc., Wendy's Company, Whitbread PLC, Supermac's Holdings Ltd., Dunkin' Brands Group Inc., Amoy Food Limited
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Food Service Market Characteristics

3. Food Service Market Trends And Strategies

4. Food Service Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Food Service Market Size and Growth

5.1. Global Food Service Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Food Service Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Food Service Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Food Service Market Segmentation

6.1. Global Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Full Service Restaurants

Quick Service Restaurants

Institutes

Other Types

6.2. Global Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Conventional Foodservice System

Centralized Foodservice System

Ready Prepared Foodservice System

Assembly-Serve Foodservice System

6.3. Global Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Commercial

Non-Commercial

7. Food Service Market Regional And Country Analysis

7.1. Global Food Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Food Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Food Service Market

8.1. Asia-Pacific Food Service Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Food Service Market

9.1. China Food Service Market Overview

9.2. China Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Food Service Market

10.1. India Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Food Service Market

11.1. Japan Food Service Market Overview

11.2. Japan Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Food Service Market

12.1. Australia Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Food Service Market

13.1. Indonesia Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Food Service Market

14.1. South Korea Food Service Market Overview

14.2. South Korea Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Food Service Market

15.1. Western Europe Food Service Market Overview

15.2. Western Europe Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Food Service Market

16.1. UK Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Food Service Market

17.1. Germany Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Food Service Market

18.1. France Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Food Service Market

19.1. Italy Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Food Service Market

20.1. Spain Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Food Service Market

21.1. Eastern Europe Food Service Market Overview

21.2. Eastern Europe Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Food Service Market

22.1. Russia Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Food Service Market

23.1. North America Food Service Market Overview

23.2. North America Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Food Service Market

24.1. USA Food Service Market Overview

24.2. USA Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Food Service Market

25.1. Canada Food Service Market Overview

25.2. Canada Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Food Service Market

26.1. South America Food Service Market Overview

26.2. South America Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Food Service Market

27.1. Brazil Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Food Service Market

28.1. Middle East Food Service Market Overview

28.2. Middle East Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Food Service Market

29.1. Africa Food Service Market Overview

29.2. Africa Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Food Service Market Competitive Landscape And Company Profiles

30.1. Food Service Market Competitive Landscape

30.2. Food Service Market Company Profiles

30.2.1. Sysco Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Compass Group

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. McDonald's Corporation

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Sodexo SA

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Marriott International

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Food Service Market Other Major And Innovative Companies

31.1. General Mills Inc.

31.2. Domino's Pizza Inc.

31.3. Aramark Corporation

31.4. Kellogg Company

31.5. Darden Restaurants Inc.

31.6. Chipotle Mexican Grill Inc.

31.7. Tim Hortons Inc

31.8. Yum! Brands Inc.

31.9. KFC Corporation

31.10. Restaurant Brands International Inc.

31.11. Elior Group

31.12. Jollibee Foods Corporation

31.13. Papa John's International Inc.

31.14. Wendy's Company

31.15. Whitbread PLC

32. Global Food Service Market Competitive Benchmarking

33. Global Food Service Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Food Service Market

35. Food Service Market Future Outlook and Potential Analysis

35.1 Food Service Market In 2028 - Countries Offering Most New Opportunities

35.2 Food Service Market In 2028 - Segments Offering Most New Opportunities

35.3 Food Service Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Food Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Food Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Sysco Corporation Financial Performance

Table 75: Compass Group Financial Performance

Table 76: McDonald's Corporation Financial Performance

Table 77: Sodexo SA Financial Performance

Table 78: Marriott International Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Food Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Food Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Food Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Food Service Market, Segmentation By Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Food Service Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Sysco Corporation Financial Performance

Figure 75: Compass Group Financial Performance

Figure 76: McDonald's Corporation Financial Performance

Figure 77: Sodexo SA Financial Performance

Figure 78: Marriott International Financial Performance

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Frequently Asked Questions

What is the definition of the food service market?

How will the food service market drivers and restraints affect the food service market dynamics? What forces will shape the food service industry going forward?

The food service market major growth driver - Rising Demand For Convenience Foods In Food Service. For further insights on the food service market, request a sample here

What is the forecast market size or the forecast market value of the food service market?

The food service market size has grown rapidly in recent years. It will grow from $2,348.94 billion in 2023 to $2,593.76 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to rising number of working women, rising demand for online meal ordering, growing food and beverage services, rising demand for themed restaurants, and rising vegan food products. The food service market size is expected to see rapid growth in the next few years. It will grow to $3,888.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing demand for convenience foods, increasing tourism, increasing consumption of dietary food, increasing ready-to-eat meals, and increasing number of food courts. Major trends in the forecast period include developing incorporating technology in food, implementing digital payment solutions, automation in kitchen technology, development of online platforms, and innovative food preparation methods. For further insights on the food service market, request a sample here

How is the food service market segmented?

The food service market is segmented
1) By Type: Full Service Restaurants, Quick Service Restaurants, Institutes, Other Types
2) By Systems: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System
3) By Sector: Commercial, Non-CommercialFor further insights on the food service market, request a sample here

Which region has the largest share of the food service market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the food service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the food service market, request a sample here.

Who are the major players in the food service market?

Major companies operating in the food service market are Sysco Corporation, Compass Group, McDonald's Corporation, Sodexo SA, Marriott International, General Mills Inc., Domino's Pizza Inc., Aramark Corporation, Kellogg Company , Darden Restaurants Inc., Chipotle Mexican Grill Inc., Tim Hortons Inc, Yum! Brands Inc., KFC Corporation, Restaurant Brands International Inc., Elior Group, Jollibee Foods Corporation, Papa John's International Inc., Wendy's Company, Whitbread PLC, Supermac's Holdings Ltd., Dunkin' Brands Group Inc., Amoy Food Limited For further insights on the food service market, request a sample here.

What are the key trends in the food service market?

Major trend in the food service market - Food Service Giants Leverage AI For Personalized Meal Planning And Recipe Solutions. For further insights on the food service market, request a sample here.

What are the major opportunities in the food service market? What are the strategies for the food service market?

For detailed insights on the major opportunities and strategies in the food service market, request a sample here.

How does the food service market relate to the overall economy and other similar markets?

For detailed insights on food service market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the food service industry?

For detailed insights on the mergers and acquisitions in the food service industry, request a sample here.

What are the key dynamics influencing the food service market growth? SWOT analysis of the food service market.

For detailed insights on the key dynamics influencing the food service market growth and SWOT analysis of the food service industry, request a sample here.