Foodservice Market Size and Trend Analysis by Profit Channel (Restaurants; Clubs, Pubs, and Bars; Retail; Accommodation; Others), Regions, and Forecast, 2021-2026

Foodservice Market Size and Trend Analysis by Profit Channel (Restaurants; Clubs, Pubs, and Bars; Retail; Accommodation; Others), Regions, and Forecast, 2021-2026

Summary

The COVID-19 pandemic induced a global slowdown, resulting in a drastic decline across the foodservice industry in 2020. However, with the pandemic subsiding, the industry recovered in 2021 and increased in value by $756.2B. Western Europe, followed by Asia, registered the steepest absolute increment in value.

This report outlines the market trends impacting foodservice industry and what implications these may have on the its future. It further explores the evolution of the market amid COVID-19, analyzing the industry's global and regional performance as well as performance by channel.

Scope

• The global industry is set to register a CAGR of 8.2% during 2021-26.
• Restaurants accounted for 70% of the overall foodservice sales, with Asia leading the global trend.
• Thailand and Turkey are forecast to grow significantly in the next few years.
• Full-service restaurants are the largest restaurant type globally.

• Understand the challenges and opportunities faced by the industry in order to tap into what is really impacting it.
• Gain a broader appreciation of the foodservice channel by gaining insights from both within and outside of your sector.
• Access valuable data to help direct future decision-making and inform new product development.