Global Foodservice

Global Foodservice

Global foodservice revenues are forecast to rise 3.7% per year to $4.4 trillion in 2024. Despite significant short-term losses in 2020 and 2021 due to the COVID-19 pandemic, global revenues will rebound as countries reopen “nonessential” businesses, including foodservice establishments. Market growth will be supported by:

robust investment in the global expansion efforts of transnational chains
rising incomes in developing markets broadening the local consumer base for foodservice
healthy and sustainable eating trends supporting higher-value sales in mature markets
growing popularity of online food delivery and rapid expansion of delivery networks, including cloud kitchens (i.e., ghost kitchens, virtual kitchens)
continued adoption of advanced technologies (e.g., robots) to streamline efficiencies, improve customer experience, and optimize sales

Scope of the Report
This study analyzes global foodservice revenues by segment, region, and country:
Foodservice segments: Full Service, Fast Food & Fast Casual, Other Eating & Drinking Places,
Other Foodservice Establishments
North America: US, Canada, Mexico
Central & South America
Western Europe: Italy, France, Germany, UK, Spain, Netherlands, Other Western Europe
Eastern Europe
Asia/Pacific: China, Japan, South Korea, India, Indonesia, Australia, Thailand, Taiwan, Other Asia/Pacific
Africa/Mideast

Historical data for 2009, 2014, and 2019 and forecasts for 2024 are provided for global foodservice revenues. Values are at the purchasers’ level, which means that they include taxes and tips. Estimates of foodservice revenues were calculated using gross domestic product, demographic, and personal consumption expenditures data, as well as figures from various country- and industry-specific databases.

The study also provides corporate analysis of leading foodservice brands by country.