Global Food Service Market 2024-2028

Global Food Service Market 2024-2028

The food service market is forecasted to grow by USD 28783.3 million during 2023-2028, accelerating at a CAGR of 38.57% during the forecast period. The report on the food service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for food away from home, growth of fast-food market, and rising demand for mobile foodservice.

Technavio's food service market is segmented as below:

By Service

• Conventional
• Centralized
• Ready-prepared
• Assembly-serve

By Sector

• Commercial
• Non-commercial

By Geography

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the increased snacking and indulgence consumption as one of the prime reasons driving the food service market growth during the next few years. Also, growing number of strategic alliances in the market and increasing demand for gluten-free fast foods will lead to sizable demand in the market.

The report on the food service market covers the following areas:

• Food service market sizing
• Food service market forecast
• Food service market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food service market vendors that include Abela and Co. LLC, Aramark, Chick fil A Inc., Compass Group Plc, Dominos Pizza Inc., FOOD and LIFE Co. Ltd., Inspire Brands Inc., Jack in the Box Inc., Jollibee Foods Corp., Little Caesar Enterprises Inc., McDonald Corp., MOS Food Services Inc., Papa Johns International Inc., Performance Food Group Co., Restaurant Brands International Inc., Sodexo SA, Starbucks Corp., Sysco Corp., The Wendys Co., and YUM Brands Inc.. Also, the food service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.