Global Foodservice Market Growth (Status and Outlook) 2023-2029

Global Foodservice Market Growth (Status and Outlook) 2023-2029

Foodservice defines those businesses, institutions, and companies responsible for any meal prepared outside the home. This industry includes restaurants, school and hospital cafeterias, catering operations, and many other formats.

LPI (LP Information)' newest research report, the “Foodservice Industry Forecast” looks at past sales and reviews total world Foodservice sales in 2022, providing a comprehensive analysis by region and market sector of projected Foodservice sales for 2023 through 2029. With Foodservice sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Foodservice industry.

This Insight Report provides a comprehensive analysis of the global Foodservice landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Foodservice portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Foodservice market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Foodservice and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Foodservice.

The global Foodservice market size is projected to grow from US$ 4756600 million in 2022 to US$ 6105460 million in 2029; it is expected to grow at a CAGR of 3.6% from 2023 to 2029.

The increasing demand for healthy and nutritious food on the menus will be one of the major factors that will positively impact the foodservice market share. Consumers these days are becoming more health conscious due to the increasing prevalence of obesity and heart problems. Consumers are increasingly avoiding unhealthy food products that are rich in fats and carbohydrates.  This has led to the growth of numerous commercial and non-commercial foodservice outlets that offer healthy food in their menus. Menus included half or full-size salads that contain fresh fruits and vegetables. Moreover, quick service restaurants too are taking initiatives to ensure healthy food is served at their outlets.

This report presents a comprehensive overview, market shares, and growth opportunities of Foodservice market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Conventional Foodservice System
Centralized Food Service System
Ready-Prepared Foodservice System
Assembly Serve Foodservice System

Segmentation by application
Colleges
Schools
Restaurants
Universities
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sodexo
Aramark Corporation
Compass Group
Guest Services
Centerplate

Please note: The report will take approximately 2 business days to prepare and deliver.