Market Research

Food Service Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $5,850 227 Pages Fortune Business Insights Pvt. Ltd. May, 2024 FOB18812835
Best Price Guarantee
Price from $5,850
Length 227 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date May, 2024
SKU FOB18812835

Food Service Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Food Service Market

The Food Service market size was valued at USD 2395 billion in 2023, and the market is now projected to grow from USD 2646 billion in 2024 to USD 5423 billion by 2032, exhibiting a CAGR of 10.79% during the forecast period of 2024-2032.

The COVID-19 widespread affected the worldwide economy and a few businesses due to confinements forced when the crest of infection spread was watched. Government direction and limitations such as lockdowns and border closures have hit numerous businesses. Also, supply chains were disturbed as borders closed and confined travel.

The vegan diet has developed in ubiquity over the past few a long time. Wellbeing is the essential concern for choosing a vegetarian slim down. The veganism nourishment slant is additionally obvious in the fast food sector as clients demand vegetarian choices for burgers, sandwiches, and bread. Additionally, market players compete to secure clients that demand vegetarian nourishment to fulfill consumer needs.

The drift of shopping and nourishment shopping centers has extended quickly in developed and creating nations. The drift of shopping centers, which was concentrated as it were in metro cities, is presently spread to level 2 and level 3 cities. Customers frequently incline toward shopping for multi-brand outlets beneath one single roof. The buyer ought to have everything beneath one roof and the industry is additionally making utilize of this shopper behavior by opening specialized multi-branded food courts/malls/halls beneath one roof.

Comprehensive Analysis Of Food Service Market

The sort portion is isolated into full-service eateries, quick-service, establishing, and others. Full-service eateries incorporate foundations that serve clients with table service in brick-and-mortar and have a full meal menu. They offer menus in numerous determination sorts, including breakfast, lunch, and dinner. Full-service eateries with varied, high-quality add, and tall benefit benchmarks amplify their menu, incorporate broad refreshment offerings, and elect more advanced stylistic layout and climate to pull in clients to their restaurants.

Asia Pacific region held the major market share in 2021 with a valuation of 944.71 billion USD due to the modern advancement and investment by key players. Customers in nations such as Australia, Japan, and South Korea favor to eat in full-service eateries. Subsequently, the market share for such eateries is comparatively higher than other sorts. The fast service eateries exhibit the quickest development within the advertise as these eateries have higher speed and speedy benefit time.

The players center on product advancement, developments, and progressed innovative selection. Producers are propelling distinctive items to cater to the developing demand. List of key companies profiled are Baskin Robbins (U.S.), Jollibee (Philippines), Costa Limited (U.K.), Tim Hortons (Canada), KFC Corporation (U.S.), McDonald's (U.S.), Starbucks (U.S.), Restaurant Brands International Inc. (Canada), Dominos (U.S.), Supermac's (Ireland). The expansions through partnerships and new item improvement are anticipated to offer advantageous openings for the market's development amid the figure period.

In between the month of March 2022, the Starbucks Corporation partnered with one of the driving companies in South East Asia, Get. Through this association, it pointed to grow its consumer service by serving customers within the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 10.79% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type

Full Service Restaurants

Quick Service Restaurants

Institutes

Others

North America (By Type, Service Type, and Country)

U.S. (By Type)

Canada (By Type)

Mexico (By Type)

Europe (By Type, Product, Material, and Country)

Germany (By Type)

U.K. (By Type)

France (By Type)

Italy (By Type)

Spain (By Type)

Rest of Europe (By Type)

Asia Pacific (By Type, Product, Material, and Country)

China (By Type)

India (By Type)

Japan (By Type)

Pakistan (By Type)

South Korea (By Type)

Australia (By Type)

Rest of Asia Pacific (By Type)

South America (By Type, Product, Material, and Country)

Brazil (By Type)

Argentina (By Type)

Rest of South America (By Type)

Middle East and Africa (By Type, Product, Material, and Country)

South Africa (By Type)

Saudi Arabia (By Type)

UAE (By Type)

Rest of Middle East & Africa (By Type)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis Related to COVID-19
4.5.1. Impact of COVID-19 on the Market
4.5.2. Supply Chain Challenges amidst Pandemic
4.5.3. Potential Opportunities due to this Global Crisis
5. Global Food service Market Analysis, Insights and Forecast, 2019-2030
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type
5.2.1.1. Full Service Restaurants
5.2.1.2. Quick Service Restaurants
5.2.1.3. Institutes
5.2.1.4. Others
5.2.2. By Region
5.2.2.1. North America
5.2.2.2. Europe
5.2.2.3. Asia Pacific
5.2.2.4. South America
5.2.2.5. Middle East & Africa
6. North America Food service Market Analysis, Insights and Forecast, 2019-2030
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type
6.2.1.1. Full Service Restaurants
6.2.1.2. Quick Service Restaurants
6.2.1.3. Institutes
6.2.1.4. Others
6.2.2. By Country (Value)
6.2.2.1. U.S.
6.2.2.1.1. By Type (Value)
6.2.2.1.1.1. Full Service Restaurants
6.2.2.1.1.2. Quick Service Restaurants
6.2.2.1.1.3. Institutes
6.2.2.1.1.4. Others
6.2.2.2. Canada
6.2.2.2.1. By Type (Value)
6.2.2.2.1.1. Full Service Restaurants
6.2.2.2.1.2. Quick Service Restaurants
6.2.2.2.1.3. Institutes
6.2.2.2.1.4. Others
6.2.2.3. Mexico
6.2.2.3.1. By Type (Value)
6.2.2.3.1.1. Full Service Restaurants
6.2.2.3.1.2. Quick Service Restaurants
6.2.2.3.1.3. Institutes
6.2.2.3.1.4. Others
7. Europe Food service Market Analysis, Insights and Forecast, 2019-2030
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type
7.2.1.1. Full Service Restaurants
7.2.1.2. Quick Service Restaurants
7.2.1.3. Institutes
7.2.1.4. Others
7.2.2. By Country (Value)
7.2.2.1. France
7.2.2.1.1. By Type (Value)
7.2.2.1.1.1. Full Service Restaurants
7.2.2.1.1.2. Quick Service Restaurants
7.2.2.1.1.3. Institutes
7.2.2.1.1.4. Others
7.2.2.2. Spain
7.2.2.2.1. By Type (Value)
7.2.2.2.1.1. Full Service Restaurants
7.2.2.2.1.2. Quick Service Restaurants
7.2.2.2.1.3. Institutes
7.2.2.2.1.4. Others
7.2.2.3. U.K.
7.2.2.3.1. By Type (Value)
7.2.2.3.1.1. Full Service Restaurants
7.2.2.3.1.2. Quick Service Restaurants
7.2.2.3.1.3. Institutes
7.2.2.3.1.4. Others
7.2.2.4. Italy
7.2.2.4.1. By Type (Value)
7.2.2.4.1.1. Full Service Restaurants
7.2.2.4.1.2. Quick Service Restaurants
7.2.2.4.1.3. Institutes
7.2.2.4.1.4. Others
7.2.2.5. Germany
7.2.2.5.1. By Type (Value)
7.2.2.5.1.1. Full Service Restaurants
7.2.2.5.1.2. Quick Service Restaurants
7.2.2.5.1.3. Institutes
7.2.2.5.1.4. Others
7.2.2.6. Rest of Europe
7.2.2.6.1. By Type (Value)
7.2.2.6.1.1. Full Service Restaurants
7.2.2.6.1.2. Quick Service Restaurants
7.2.2.6.1.3. Institutes
7.2.2.6.1.4. Others
8. Asia Pacific Food service Market Analysis, Insights and Forecast, 2019-2030
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type
8.2.1.1. Full Service Restaurants
8.2.1.2. Quick Service Restaurants
8.2.1.3. Institutes
8.2.1.4. Others
8.2.2. By Country (Value)
8.2.2.1. China
8.2.2.1.1. By Type (Value)
8.2.2.1.1.1. Full Service Restaurants
8.2.2.1.1.2. Quick Service Restaurants
8.2.2.1.1.3. Institutes
8.2.2.1.1.4. Others
8.2.2.2. India
8.2.2.2.1. By Type (Value)
8.2.2.2.1.1. Full Service Restaurants
8.2.2.2.1.2. Quick Service Restaurants
8.2.2.2.1.3. Institutes
8.2.2.2.1.4. Others
8.2.2.3. Japan
8.2.2.3.1. By Type (Value)
8.2.2.3.1.1. Full Service Restaurants
8.2.2.3.1.2. Quick Service Restaurants
8.2.2.3.1.3. Institutes
8.2.2.3.1.4. Others
8.2.2.4. South Korea
8.2.2.4.1. By Type (Value)
8.2.2.4.1.1. Full Service Restaurants
8.2.2.4.1.2. Quick Service Restaurants
8.2.2.4.1.3. Institutes
8.2.2.4.1.4. Others
8.2.2.5. Australia
8.2.2.5.1. By Type (Value)
8.2.2.5.1.1. Full Service Restaurants
8.2.2.5.1.2. Quick Service Restaurants
8.2.2.5.1.3. Institutes
8.2.2.6. Pakistan
8.2.2.6.1. By Type (Value)
8.2.2.6.1.1. Full Service Restaurants
8.2.2.6.1.2. Quick Service Restaurants
8.2.2.6.1.3. Institutes
8.2.2.6.1.4. Others
8.2.2.7. Rest of Asia Pacific
8.2.2.7.1. By Type (Value)
8.2.2.7.1.1. Full Service Restaurants
8.2.2.7.1.2. Quick Service Restaurants
8.2.2.7.1.3. Institutes
8.2.2.7.1.4. Others
9. South America Food service Market Analysis, Insights and Forecast, 2019-2030
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type
9.2.1.1. Full Service Restaurants
9.2.1.2. Quick Service Restaurants
9.2.1.3. Institutes
9.2.1.4. Others
9.2.2. By Country (Value)
9.2.2.1. Argentina
9.2.2.1.1. By Type (Value)
9.2.2.1.1.1. Full Service Restaurants
9.2.2.1.1.2. Quick Service Restaurants
9.2.2.1.1.3. Institutes
9.2.2.1.1.4. Others
9.2.2.2. Brazil
9.2.2.2.1. By Type (Value)
9.2.2.2.1.1. Full Service Restaurants
9.2.2.2.1.2. Quick Service Restaurants
9.2.2.2.1.3. Institutes
9.2.2.2.1.4. Others
9.2.2.3. Rest of South America
9.2.2.3.1. By Type (Value)
9.2.2.3.1.1. Full Service Restaurants
9.2.2.3.1.2. Quick Service Restaurants
9.2.2.3.1.3. Institutes
9.2.2.3.1.4. Others
10. Middle East & Africa Food service Market Analysis, Insights and Forecast, 2019-2030
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Type
10.2.1.1. Full Service Restaurants
10.2.1.2. Quick Service Restaurants
10.2.1.3. Institutes
10.2.1.4. Others
10.2.2. By Country (Value)
10.2.2.1.
10.2.2.1.1. Saudi Arabia
10.2.2.1.1.1. By Type (Value)
10.2.2.1.1.1.1. Full Service Restaurants
10.2.2.1.1.1.2. Quick Service Restaurants
10.2.2.1.1.1.3. Institutes
10.2.2.1.1.1.4. Others
10.2.2.1.2. South Africa
10.2.2.1.2.1. By Type (Value)
10.2.2.1.2.1.1. Full Service Restaurants
10.2.2.1.2.1.2. Quick Service Restaurants
10.2.2.1.2.1.3. Institutes
10.2.2.1.2.1.4. Others
10.2.2.1.3. United Arab Emirates
10.2.2.1.3.1. By Type (Value)
10.2.2.1.3.1.1. Full Service Restaurants
10.2.2.1.3.1.2. Quick Service Restaurants
10.2.2.1.3.1.3. Institutes
10.2.2.1.3.1.4. Others
10.2.2.1.4. Rest of Middle East & Africa
10.2.2.1.4.1. By Type (Value)
10.2.2.1.4.1.1. Full Service Restaurants
10.2.2.1.4.1.2. Quick Service Restaurants
10.2.2.1.4.1.3. Institutes
10.2.2.1.4.1.4. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Food service Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2020/2021
12. Company Profiles
12.1. McDonald’s
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Starbucks
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Yum! Brands, Inc.
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Darden Restaurants, Inc.
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Restaurant Brands International Inc.
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. The Wendy’s Company
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Papa John's International, Inc.
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Bloomin’ Brands, Inc.
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Chipotle Mexican Grill, Inc.
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Domino’s Pizza, Inc.
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Appendix

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