Market Overview:
The global foodservice market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for ready-prepared and centrally prepared food items, rising disposable income, and growing number of restaurants and cafes across the globe. The conventional foodservice system segment is expected to dominate the global foodservice market in terms of revenue share during the forecast period. This can be attributed to factors such as low cost of ownership, easy installation, and scalability. However, with technological advancements in centralized food service systems such as robotics-based cooking & cleaning processes that offer enhanced hygiene levels and reduced wastage rates are likely to gain traction over conventional systems over the next few years.
Product Definition:
Foodservice is the provision of food and drink to people who are not in their homes. It includes restaurants, schools, hospitals, prisons and other institutions. Foodservice is important because it provides food and drink to people who need it. It also creates jobs and supports the economy.
Conventional Foodservice System:
Conventional foodservice systems are the equipment and services that are used for preparing, serving and delivering food to consumers. It includes preparation of basic ingredients such as meat & vegetables, bread & bakery products along with service delivery. Conventional FSSS can be further segmented into full service restaurant (FSR), fast-food restaurant (FFR) and casual dining restaurant which is a part of FSSS category.
Centralized Food Service System:
A centralized food service system is a type of automated kitchen equipment that consists of one or more heating and cooling systems, which are connected to an ice making mechanism. The centralized food service system offers various advantages such as less labor cost, low energy consumption, and easy maintenance.
Application Insights:
The restaurants, pubs and hotels segment dominated the global foodservice market in 2017. The segment is expected to witness a significant growth rate of 5.9% from 2018 to 2030 owing to an increase in the number of restaurants and pubs at a global level. In developed countries like U.S., Germany, U.K., France etc., there are more than 50 different types of restaurants while in developing countries like India, China etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding food safety, hygiene, and sanitation among consumers of this region. Moreover, rising demand for fast food coupled with changing consumer preferences towards healthier options is further anticipated to drive growth in North America over the forecast period.
Asia Pacific is estimated to witness significant growth over the coming years owing to increasing disposable income levels and growing population especially in China and India which are majorly driven by their respective central governments’ initiatives encouraging domestic tourism as a part of economic development strategy for job creation and foreign direct investment (FDI). These factors are projected to boost regional product demand over the next eight years or so until 2030 when compared with other regions due primarily but not exclusively at least initially U.S., Canada, U-K., Germany etc.).
Growth Factors:
- Increasing disposable income of the population: The foodservice market is expected to grow as the disposable income of the population increases. This is because people would be willing to spend more on food and beverages outside their homes.
- Changing lifestyles and growing demand for convenience foods: There has been a shift in lifestyle patterns, with people now preferring convenience foods over home-cooked meals. This is driving demand for foodservice establishments that offer quick and easy meal options.
- Rapid urbanization: Urbanization is leading to an increase in the number of people living in cities, which provides a larger customer base for foodservice businesses. Additionally, rising levels of affluence are enabling more people to afford dining out at restaurants or ordering takeaways/deliveries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Foodservice Market Research Report
By Type
Conventional Foodservice System, Centralized Food Service System, Ready-Prepared Foodservice System, Assembly Serve Foodservice System
By Application
Colleges, Schools, Restaurants, Universities, Others
By Companies
Sodexo, Aramark Corporation, Compass Group, Guest Services, Centerplate
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Foodservice Market Report Segments:
The global Foodservice market is segmented on the basis of:
Types
Conventional Foodservice System, Centralized Food Service System, Ready-Prepared Foodservice System, Assembly Serve Foodservice System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Colleges, Schools, Restaurants, Universities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sodexo
- Aramark Corporation
- Compass Group
- Guest Services
- Centerplate
Highlights of The Foodservice Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional Foodservice System
- Centralized Food Service System
- Ready-Prepared Foodservice System
- Assembly Serve Foodservice System
- By Application:
- Colleges
- Schools
- Restaurants
- Universities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Foodservice Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Foodservice is the business of providing food and beverage to customers in a commercial setting.
Some of the major players in the foodservice market are Sodexo, Aramark Corporation, Compass Group, Guest Services, Centerplate.
The foodservice market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Foodservice Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Foodservice Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Foodservice Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Foodservice Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Foodservice Market Size & Forecast, 2018-2028
4.5.1 Foodservice Market Size and Y-o-Y Growth
4.5.2 Foodservice Market Absolute $ Opportunity
Chapter 5 Global Foodservice Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Foodservice Market Size Forecast by Type
5.2.1 Conventional Foodservice System
5.2.2 Centralized Food Service System
5.2.3 Ready-Prepared Foodservice System
5.2.4 Assembly Serve Foodservice System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Foodservice Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Foodservice Market Size Forecast by Applications
6.2.1 Colleges
6.2.2 Schools
6.2.3 Restaurants
6.2.4 Universities
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Foodservice Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Foodservice Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Foodservice Analysis and Forecast
9.1 Introduction
9.2 North America Foodservice Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Foodservice Market Size Forecast by Type
9.6.1 Conventional Foodservice System
9.6.2 Centralized Food Service System
9.6.3 Ready-Prepared Foodservice System
9.6.4 Assembly Serve Foodservice System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Foodservice Market Size Forecast by Applications
9.10.1 Colleges
9.10.2 Schools
9.10.3 Restaurants
9.10.4 Universities
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Foodservice Analysis and Forecast
10.1 Introduction
10.2 Europe Foodservice Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Foodservice Market Size Forecast by Type
10.6.1 Conventional Foodservice System
10.6.2 Centralized Food Service System
10.6.3 Ready-Prepared Foodservice System
10.6.4 Assembly Serve Foodservice System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Foodservice Market Size Forecast by Applications
10.10.1 Colleges
10.10.2 Schools
10.10.3 Restaurants
10.10.4 Universities
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Foodservice Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Foodservice Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Foodservice Market Size Forecast by Type
11.6.1 Conventional Foodservice System
11.6.2 Centralized Food Service System
11.6.3 Ready-Prepared Foodservice System
11.6.4 Assembly Serve Foodservice System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Foodservice Market Size Forecast by Applications
11.10.1 Colleges
11.10.2 Schools
11.10.3 Restaurants
11.10.4 Universities
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Foodservice Analysis and Forecast
12.1 Introduction
12.2 Latin America Foodservice Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Foodservice Market Size Forecast by Type
12.6.1 Conventional Foodservice System
12.6.2 Centralized Food Service System
12.6.3 Ready-Prepared Foodservice System
12.6.4 Assembly Serve Foodservice System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Foodservice Market Size Forecast by Applications
12.10.1 Colleges
12.10.2 Schools
12.10.3 Restaurants
12.10.4 Universities
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Foodservice Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Foodservice Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Foodservice Market Size Forecast by Type
13.6.1 Conventional Foodservice System
13.6.2 Centralized Food Service System
13.6.3 Ready-Prepared Foodservice System
13.6.4 Assembly Serve Foodservice System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Foodservice Market Size Forecast by Applications
13.10.1 Colleges
13.10.2 Schools
13.10.3 Restaurants
13.10.4 Universities
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Foodservice Market: Competitive Dashboard
14.2 Global Foodservice Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sodexo
14.3.2 Aramark Corporation
14.3.3 Compass Group
14.3.4 Guest Services
14.3.5 Centerplate
