Foodservice Market by Sector, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40123
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The foodservice market size has the potential to grow by USD 822.31 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.48%. 

This report provides a detailed analysis of the market by sector (commercial and non-commercial), type (conventional, centralized, ready-prepared, and assembly-serve), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

Foodservice Market Share

Foodservice-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Foodservice Market

 Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Aramark
  • Compass Group Plc
  • Dominos Pizza Inc.
  • Inspire Brands Inc.
  • McDonald Corp.
  • Performance Food Group Co.
  • Restaurant Brands International Inc.
  • Sodexo Group
  • Starbucks Corp.
  • YUM! Brands Inc.

 

The foodservice market is fragmented and the vendors are deploying growth strategies such as inventing food items that match consumers' taste preferences to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as rising demand for mobile foodservice to achieve growth opportunities. However, factors such as increasing health concerns will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the foodservice market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This foodservice market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Foodservice Market: Key Drivers and Trends

  • The rising demand for mobile foodservice is a significant factor driving the foodservice market growth.
  • The popularity of mobile foodservice outlets, especially food trucks, is growing rapidly because of low yearly overhead costs, low initial capital investments, and the increasing popularity of street food among the urban youth population.
  • Mobile foodservice offers the flexibility of catering to a wide range of customers and minimizes the complications of day-to-day operations, such as paying staff, vendors, and rent.
  • Mobile foodservice outlets can easily customize their menus according to a particular vicinity and their cultural preferences.
  • The above-mentioned advantages and the rising popularity of mobile foodservice have encouraged prominent brick-and-mortar food chains, such as Starbucks, Chick-Fil-A Inc., and White Castle Management Co. to invest in food trucks. These factors are expected to fuel the growth of the foodservice market during the forecast period.
  • The emergence of ghost kitchens will be one of the critical foodservice market trends contributing to the market growth.
  • The rising demand for online food orders and food delivery has resulted in the increasing adoption of the ghost kitchen business model.
  • Ghost kitchens have the required kitchen equipment and facilities for the preparation of meals and other food items for online delivery but do not have any dining area.
  • The adoption of ghost kitchens will allow restaurants to minimize the rent and labor costs, provide superior customer service, and expand their delivery operations at a minimal cost.
  • Several major foodservice establishments, including The Wendy’s and Starbucks, have launched ghost kitchens.
  • The increasing preference for ordering food through mobile applications and online portals will boost the popularity of ghost kitchens, consequently driving the growth of the foodservice market.

 

Grab your Free Sample now to unlock further information on other key market drivers

Foodservice Market: Segmentation by Geography

Foodservice-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

44% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for foodservice in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing number of restaurants, the availability of a variety of cuisines, and the rising preference for dining out by the millennial population will facilitate the foodservice market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Foodservice Market: Segmentation by Sector

Foodservice-Market-Market-Share-by-Sector-2020-2025

Request for a FREE sample and Get more information on the market contribution of various segments

The foodservice market share growth by the commercial segment will be significant during the forecast period. The commercial segment includes full-service restaurants, QSRs, catering services, drinking establishments, banquet facilities, and recreational outlets. The rapid growth of QSRs and the use of technology by vendors to improve customer experience are some factors that will drive the growth of the segment during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the foodservice market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

Key Highlights of the Foodservice Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive foodservice market growth during the next five years
  • Precise estimation of the foodservice market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the foodservice industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of foodservice market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Foodservice Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 822.31 billion

Market structure

Fragmented

YoY growth (%)

1.37

Regional analysis

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

Performing market contribution

APAC at 44%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aramark, Compass Group Plc, Dominos Pizza Inc., Inspire Brands Inc., McDonald Corp., Performance Food Group Co., Restaurant Brands International Inc., Sodexo Group, Starbucks Corp., and YUM! Brands Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Executive Summary

  • Market overview

Market Landscape

  • Market ecosystem

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020-2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Sector

  • Market segments
  • Comparison by Sector
  • Commercial - Market size and forecast 2020-2025
  • Non-commercial - Market size and forecast 2020-2025
  • Market opportunity by Sector

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Conventional - Market size and forecast 2020-2025
  • Centralized - Market size and forecast 2020-2025
  • Ready-prepared - Market size and forecast 2020-2025
  • Assembly-serve - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Middle East and Africa - Market size and forecast 2020-2025
  • US - Market size and forecast 2020-2025
  • China - Market size and forecast 2020-2025
  • Germany - Market size and forecast 2020-2025
  • Japan - Market size and forecast 2020-2025
  • UK - Market size and forecast 2020-2025
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Market challenges
  • Impact of drivers and challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aramark
  • Compass Group Plc
  • Dominos Pizza Inc.
  • Inspire Brands Inc.
  • McDonald Corp.
  • Performance Food Group Co.
  • Restaurant Brands International Inc.
  • Sodexo Group
  • Starbucks Corp.
  • YUM! Brands Inc.

Appendix

  • Scope of the report
  • Inclusions and exclusions checklist
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The foodservice market growth will increase by $822.31 billion during 2020-2025.
The foodservice market is expected to grow at a CAGR of 4.48% during 2020-2025.
Technavio has segmented the foodservice market by sector (Commercial and Non-commercial) ,type (Conventional, Centralized, Ready-prepared, and Assembly-serve) , and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
Aramark, Compass Group Plc, Dominos Pizza Inc., Inspire Brands Inc., McDonald Corp., Performance Food Group Co., Restaurant Brands International Inc., Sodexo Group, Starbucks Corp., YUM! Brands Inc. are a few of the key vendors in the foodservice market.
APAC will register the highest growth rate of 44.13% among the other regions. Therefore, the foodservice market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the foodservice market growth are:
  • Increasing demand for food away from home
  • New product launches
The foodservice market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Discretionary
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>