FEATURED COMPANIES
- Aramark corporation
- Berkshire Hathaway Inc.
- Chipotle
- Compass group plc
- Darden Restaurants
- McDonald's
Food and Beverage Services Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global food and beverage services market as it emerges from the COVID-19 shut down.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider food and beverage services market, and compares it with other markets.
Subsegments Covered: Full-Service Restaurants; Limited-Service Restaurants; Cafeterias, Grill Buffets, and Buffets; Mobile Food Services; Snack and Nonalcoholic Beverage Bars; Drinking Places (Alcoholic Beverages); Food Service Contractors; Catering Services
Companies Mentioned: Compass group plc; Starbucks; Sodexo; Aramark corporation; McDonald's
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, food and beverage services indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the food and beverage services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Food and Beverage Services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider food and beverage services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The food and beverage services market section of the report gives context. It compares the food and beverage services market with other segments of the hospitality market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, food and beverage services indicators comparison.
Scope
Markets Covered:
- By Type: Restaurants and Mobile Food Services; Bars and Cafes; Catering Services and Food Contractors
- By Ownership: Chain Market; Standalone Market
- By Pricing: High-End; Economy
- By Service: Online; Offline
Subsegments Covered: Full-Service Restaurants; Limited-Service Restaurants; Cafeterias, Grill Buffets, and Buffets; Mobile Food Services; Snack and Nonalcoholic Beverage Bars; Drinking Places (Alcoholic Beverages); Food Service Contractors; Catering Services
Companies Mentioned: Compass group plc; Starbucks; Sodexo; Aramark corporation; McDonald's
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, food and beverage services indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Food and Beverage Services Market
What is the estimated value of the Global Food and Beverage Services Market?
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Who are the key companies in the Global Food and Beverage Services Market?
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FEATURED COMPANIES
- Aramark corporation
- Berkshire Hathaway Inc.
- Chipotle
- Compass group plc
- Darden Restaurants
- McDonald's
1. Executive Summary2. Report Structure7. Food And Beverage Services Market Trends And Strategies8. Impact Of COVID-19 On Food And Beverage Services22. Key Mergers And Acquisitions In The Food And Beverage Services Market26. Copyright And Disclaimer
3. Food And Beverage Services Market Characteristics
4. Food And Beverage Services Market Product Analysis
5. Food And Beverage Services Market Supply Chain
6. Food And Beverage Services Market Customer Information
9. Food And Beverage Services Market Size And Growth
10. Food And Beverage Services Market Regional Analysis
11. Food And Beverage Services Market Segmentation
12. Food And Beverage Services Market Segments
13. Food And Beverage Services Market Metrics
14. Asia-Pacific Food And Beverage Services Market
15. Western Europe Food And Beverage Services Market
16. Eastern Europe Food And Beverage Services Market
17. North America Food And Beverage Services Market
18. South America Food And Beverage Services Market
19. Middle East Food And Beverage Services Market
20. Africa Food And Beverage Services Market
21. Food And Beverage Services Market Competitive Landscape
23. Market Background: Hospitality Market
24. Recommendations
25. Appendix
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FEATURED COMPANIES
- Aramark corporation
- Berkshire Hathaway Inc.
- Chipotle
- Compass group plc
- Darden Restaurants
- McDonald's
Major companies in the food and beverage services market include Compass group plc, Starbucks, Sodexo, Aramark corporation, McDonald's, Darden Restaurants, Yum China Holdings Inc., Chipotle, Berkshire Hathaway Inc. and Subway.
The global food and beverage services market is expected to grow from $3,232.94 billion in 2021 to $3,678.61 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5,235.52 billion in 2026 at a CAGR of 9.2%.
The food and beverage services market consists of sales of food and beverage services and related goods by entities (organizations, sole traders and partnerships) that provide meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.
The main types of food and beverage services are restaurants and mobile food services, bars and cafes, catering services and food contractors. Catering services is the business of providing food service at a remote location or at a specific location, such as a hotel, hospital, pub, airline, cruise ship, park, filming location or studio, entertainment location, or event venue. The services are owned by chain market and standalone market and the price ranges from high-end to economy.
Asia Pacific was the largest region in the food and beverage services market in 2021. North America was the second largest region in the food and beverage services market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The food and beverage services market is expected to benefit from rising digitalization of food services. Consumers are increasingly preferring to order food online for home deliveries. For instance, according to KPMG, average spend per person per year on food takeaways in the UK rose by 42% over two years: from £452 ($506) in 2019 to £641 ($721) in 2021 . Major companies providing food delivery services include Deliveroo, Just Eat and Uber Eats. This trend is likely to continue in the forecast period and drive the food and beverage services market going forward.
Modernizing technologies in restaurants improves customer satisfaction, thereby boosting restaurant sales. Establishments in the industry are introducing self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment and digital entertainment such as gaming. For instance, in 2020, McDonald’s, a US based fast food company created a team focused on digital customer engagement as the restaurant industry continues to look to technology as a key way to boost sales. The new team is part of the fast-food company's ambition to leverage technology to reach out to customers and increase sales. As part of that endeavour, McDonald's has installed digital self-order kiosks in its restaurants, expanded meal delivery, and made tech-focused investments.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the food and beverage services market in 2020 as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the food and beverage services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The countries covered in the food and beverage services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.
The global food and beverage services market is expected to grow from $3,232.94 billion in 2021 to $3,678.61 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5,235.52 billion in 2026 at a CAGR of 9.2%.
The food and beverage services market consists of sales of food and beverage services and related goods by entities (organizations, sole traders and partnerships) that provide meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.
The main types of food and beverage services are restaurants and mobile food services, bars and cafes, catering services and food contractors. Catering services is the business of providing food service at a remote location or at a specific location, such as a hotel, hospital, pub, airline, cruise ship, park, filming location or studio, entertainment location, or event venue. The services are owned by chain market and standalone market and the price ranges from high-end to economy.
Asia Pacific was the largest region in the food and beverage services market in 2021. North America was the second largest region in the food and beverage services market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The food and beverage services market is expected to benefit from rising digitalization of food services. Consumers are increasingly preferring to order food online for home deliveries. For instance, according to KPMG, average spend per person per year on food takeaways in the UK rose by 42% over two years: from £452 ($506) in 2019 to £641 ($721) in 2021 . Major companies providing food delivery services include Deliveroo, Just Eat and Uber Eats. This trend is likely to continue in the forecast period and drive the food and beverage services market going forward.
Modernizing technologies in restaurants improves customer satisfaction, thereby boosting restaurant sales. Establishments in the industry are introducing self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment and digital entertainment such as gaming. For instance, in 2020, McDonald’s, a US based fast food company created a team focused on digital customer engagement as the restaurant industry continues to look to technology as a key way to boost sales. The new team is part of the fast-food company's ambition to leverage technology to reach out to customers and increase sales. As part of that endeavour, McDonald's has installed digital self-order kiosks in its restaurants, expanded meal delivery, and made tech-focused investments.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the food and beverage services market in 2020 as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the food and beverage services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The countries covered in the food and beverage services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Compass group plc
- Starbucks
- Sodexo
- Aramark corporation
- McDonald's
- Darden Restaurants
- Yum China Holdings, Inc.
- Chipotle
- Berkshire Hathaway Inc.
- Subway
Note: Product cover images may vary from those shown
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