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Food Service Industry - Global Market Trajectory & Analytics

  • ID: 1056045
  • Report
  • February 2022
  • Region: Global
  • 614 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Applebee’s Services, Inc.
  • CKE Restaurants, Inc.
  • Denny’s Corp.
  • Gate Gourmet Inc
  • JOLLIBEE FOODS CORP.
  • Mitchells & Butlers Plc

Global Food Service Industry Market to Reach US$4.1 Trillion by the Year 2026


Foodservice involves making, serving and selling of ready-to-consume foods and drinks or providing catering services to public or private end consumers either by in-house or external operators. As such, foodservice accounts for about 45%-50% of total spending on food in the US, while the percentage in lesser-developed markets can be in the range of 10%-15% or less of total spending on food. The main contributors to growth in the industry include socio-economic conditions, such as high disposable income, busy and increased mobile life, rise in outsourcing of non-core activities by companies and market expansion into new areas such as transport and retail. Some other factors that can influence the market include tourism, immigration, food variety, access to food service places and technological advancements as in Internet through online ordering. A major growth of food service industry is expected as food service operators are encouraged to invest more in eco-friendly and energy efficient equipment to meet the changing needs. Though the ongoing COVID-19 pandemic has affected operations in the overall food service industry including that of fast food facilities and QSRs, long term prospects remain positive, presenting considerable opportunities for the food service market.

Amid the COVID-19 crisis, the global market for Food Service Industry estimated at US$3 Trillion in the year 2020, is projected to reach a revised size of US$4.1 Trillion by 2026, growing at a CAGR of 5.4% over the analysis period. Full Service, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$1.5 Trillion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fast Food segment is readjusted to a revised 6.5% CAGR for the next 7-year period. This segment currently accounts for a 28.1% share of the global Food Service Industry market. Full service restaurants (FSRs) are joining the takeaway bandwagon. An increasing number of FSRs are offering takeaway options. Moreover, restaurants are developing new menus for takeaways rather than serving the dine-in menu in the takeaway segment. Quick Service Restaurants (QSRs), also known as fast food restaurants, are establishments that are involved in serving fast food and have minimal table services. The convenience and economical foods and time and cost savings are fueling growth in the QSRs market. The rapid growth of the online delivery and home delivery markets, driven by growing consumer desire for home delivery of foods, is also driving growth.



The U.S. Market is Estimated at $800.1 Billion in 2021, While China is Forecast to Reach $776.9 Billion by 2026


The Food Service Industry market in the U.S. is estimated at US$800.1 Billion in the year 2021. The country currently accounts for a 25.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$776.9 Billion in the year 2026 trailing a CAGR of 7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$825.7 Billion by the end of the analysis period.

Limited Service Segment to Reach $864.6 Billion by 2026


In the global Limited Service segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$517.9 Billion in the year 2020 will reach a projected size of US$664.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$116.9 Billion by the year 2026, while Latin America will expand at a 4% CAGR through the analysis period.

Select Competitors (Total 200 Featured) -

  • Applebee’s Services, Inc.
  • ARAMARK Corporation
  • Arby’s Restaurant Group, Inc.
  • Autogrill S.p.A
  • Brinker International, Inc.
  • Burger King Holdings, Inc.
  • CKE Restaurants, Inc.
  • Compass Group PLC
  • Darden Restaurants, Inc.
  • Delaware North Companies, Inc.
  • Denny’s Corp.
  • Domino’s Pizza Inc.
  • Eddie Rockets (IRL) Ltd.
  • Gate Gourmet Inc
  • IHOP Corp.
  • International Dairy Queen, Inc.
  • Johnsonville Sausage LLC
  • JOLLIBEE FOODS CORP.
  • LSG Sky Chefs
  • McDonald’s Corporation
  • Mitchells & Butlers Plc
  • Quiznos Sub
  • Skylark Co., Ltd.
  • Sodexo SA
  • SONIC Corp.
  • Starbucks Corporation
  • Wendy’s International, Inc.
  • Whitbread PLC
  • Yum! Brands, Inc
Frequently Asked Questions about the Global Market for Food Service Industry

What is the estimated value of the Global Market for Food Service Industry?

The Global Market for Food Service Industry was estimated to be valued at $3.0 Trillion in 2020.

What is the growth rate of the Global Market for Food Service Industry?

The growth rate of the Global Market for Food Service Industry is 5.3%, with an estimated value of $4.1 Trillion by 2026.

What is the forecasted size of the Global Market for Food Service Industry?

The Global Market for Food Service Industry is estimated to be worth $4.1 Trillion by 2026.

Who are the key companies in the Global Market for Food Service Industry?

Key companies in the Global Market for Food Service Industry include Applebee’s Services, Inc., ARAMARK Corporation, Arby’s Restaurant Group, Inc., Autogrill S.p.A, Brinker International, Inc., Burger King Holdings, Inc., CKE Restaurants, Inc., Compass Group PLC and Delaware North Companies, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Applebee’s Services, Inc.
  • CKE Restaurants, Inc.
  • Denny’s Corp.
  • Gate Gourmet Inc
  • JOLLIBEE FOODS CORP.
  • Mitchells & Butlers Plc

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Impact on Food Service Industry
  • Food Service Industry Hit Hard by the COVID-19 Pandemic: YoY Change (in %) in Number of Daily Seated Diners at Restaurant due to Outbreak during February-July 2020
  • Global Food Services Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Pandemic Brings About Significant Changes in Consumers’ Dine Out Behaviors
  • Percentage of Consumers in the US Opting for Takeout/ Delivery Options for Food at Restaurants: Mar 20 VS Aug 21
  • Global Online Food Delivery Market Breakdown by Platform-to-Consumer Delivery and Restaurant-to-Consumer Delivery for 2017 and 2020
  • Healthy Gains in Third Party Online Food Delivery Services & Mobile Apps Drive the Demand
  • More Focus on Food Safety
  • Contactless Technology Gains Popularity Amid Safety Concerns
  • Dining Redefined
  • Sustainable’ Becomes a Key Word to Attract Customers
  • On-the-Go & Healthy Options: Prominent Gainers from COVID-19
  • Percentage of Consumers in the US Opting for Onsite Food Consumption at Restaurants: Mar 20 VS Aug 21
  • Favored by Consumer Spending, Foodservice Industry Heads towards Stable Growth
  • Food Service Industry - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Food Service Industry: An Overview
  • Changing Dynamics of Food Service Industry
  • Evolution of Food Service Industry
  • Types of Foodservice Outlets
  • Foodservice Formats Impacting the Restaurant Industry
  • Retail Foodservice Challenges
  • Big Challenges of Institutional Foodservice

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Restaurant Operators Continue to Struggle with Sourcing Issues & Shortages Amid the Pandemic
  • Healthy Eating Catches up in Foodservice Outlets
  • U.S Per Store Average Growth in Sales of Health Foods March-June 2020 (In %)
  • Convenience is the Name of the Game
  • Momentum in Plant-based Foods Picks Pace as Covid-19 Prioritizes Health
  • World Market for Protein Alternatives in US$ Million: 2020-2027
  • Food Service Providers Shrink Menu Size to Remain Buoyant
  • Menu Changes at US Restaurants in Response to COVID-19: Q1 2021
  • Minimizing Food Waste Gains Momentum
  • Industry Witnesses a Shift to Non-alcoholism and Drinks with Lower ABV
  • Technology Helps Food Service Industry Remain Afloat in Turbulent Times
  • Application of Technology by Consumers of Food Services: 2020
  • Convenience Drives Sales in Quick Service Restaurant Business
  • Percentage Consumers Interested in Meal Kits from Restaurants: 2021
  • Changing Food Habits and Trend towards Eat-Out Bodes Well
  • The Online Food Delivery Edge
  • Virtual Restaurants Take-On as Online Ordering Trend Picks Pace
  • Popularity of Cloud Kitchens Attracts More Vendors to the Food Service Business
  • Smartphone Penetration & Internet Connectivity Fuel Online Food Delivery Services
  • Global Market for Smartphones in Billions (2016-2021)
  • Noteworthy Customer Service Trends
  • Technology Trends in Restaurants
  • Technology Areas that Require Improvement as per Consumer Survey: 2020
  • Equipment Trends in Food Services Industry
  • Foodservice Industry Trends with Potential Influence on Equipment Market
  • Electric Equipment Becomes More Popular
  • Touchless Equipment Gain Attention amid the Pandemic
  • Shrinking Kitchens Call for Labor Reducing Equipment
  • Cooking Equipment that is Multi-Functional as well as Visually Appealing
  • Multitap Water Dispensers
  • Industry witnesses Demand for Onsite Recycling Bins and Composting Bins
  • Quick Response Code Takes Place of Physical Menus
  • Restaurants Move towards Eco-friendly Disposable Options
  • Favorable Consumer Sentiment Towards Outdoor Dining Options to Champion ‘Streeteries’ Trend Beyond the Pandemic
  • Consumer Preference for Outdoor Seating at Restaurants in the US, by Age Group: 2021
  • Farm-to-table Restaurants Catch up
  • Gen Z Consumers to Shape Future Restaurant Trends
  • Working Age Population by Generation: 2010, 2020, and 2030
  • Social Media Platform Usage by Generation Z on a Daily Basis: 2020
  • Management Systems for Food Safety Gain Traction
  • Automated Equipment to Foray into Food Service Sector
  • The Impact of Robotics on Food Service Sector
  • IoT Seeks Role in Food Service Industry
  • Other Technologies Impacting Food Services
  • 3D Printing
  • CRISPR
  • Personized Food

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Technology- the Way Forward
  • Robust Growth in Online Food Delivery Services
  • Penetration (%) of Online Food Delivery Market in the US by Restaurant-to-Consumer and Platform-to-Consumer Segments for 2017, 2019, 2021 and 2023
  • Breakdown of US Food Expenditure (in %) by At-Home Food and Away from Home Food Segments for 2010-2020
  • Long-term Outlook
  • Number of Employees in Millions in Food Service Industry: Jan 2020 to July 2021

CANADA

JAPAN

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview

EUROPE

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Foodservice Industry Monthly Losses as % of Regular Revenues in Select European Countries due to COVID-19 Outbreak in 2020

FRANCE

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

  • Market Overview
  • Foodservice Market in Italy by type of Cuisine: 2020

UNITED KINGDOM

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview

AUSTRALIA

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Food Service Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 200
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Applebee’s Services, Inc.
  • ARAMARK Corporation
  • Arby’s Restaurant Group, Inc.
  • Autogrill S.p.A
  • Brinker International, Inc.
  • Burger King Holdings, Inc.
  • CKE Restaurants, Inc.
  • Compass Group PLC
  • Darden Restaurants, Inc.
  • Delaware North Companies, Inc.
  • Denny’s Corp.
  • Domino’s Pizza Inc.
  • Eddie Rockets (IRL) Ltd.
  • Gate Gourmet Inc
  • IHOP Corp.
  • International Dairy Queen, Inc.
  • Johnsonville Sausage LLC
  • JOLLIBEE FOODS CORP.
  • LSG Sky Chefs
  • McDonald’s Corporation
  • Mitchells & Butlers Plc
  • Quiznos Sub
  • Skylark Co., Ltd.
  • Sodexo SA
  • SONIC Corp.
  • Starbucks Corporation
  • Wendy’s International, Inc.
  • Whitbread PLC
  • Yum! Brands, Inc
Note: Product cover images may vary from those shown