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Food Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global food service market size was worth US$ 3.4 Trillion in 2018. Foodservice refers to the sale of food and beverages that are prepared for immediate consumption or for takeaways and home deliveries. Foodservice outlets are classified into two sectors: commercial establishments which include fast-food restaurants, catering, nightclubs and recreational outlets. Non-commercial outlets which include food operations that run inside the premises of an organizations such as hospitals, schools, military bases, etc. The food service market can also be classified on the basis of operation systems, into conventional system where the ingredients are assembled, prepared and served on the same premises. Centralized system, in which food production is centralized and is then transported to the kitchens at different locations.  Ready prepared system in which the food is prepared onsite and stored chilled or frozen until required, and assembly-serve systems in which pre-prepared foods are purchased, stored, assembled, and served to the consumer.

Food Service Market

Growing demand for customization and innovation in food menu options is among the key factors driving the global foodservice market. Consumers are provided with a wide variety of alternatives to customize their meals according to their taste, dietary and budget preferences. Millennials and working professionals are the key target consumers for the market owing to their increasing preference for hassle-free, nutritious and hygienic food that is readily available. Additionally, commercial restaurants and cafés have emerged as a convenient place for teenagers, families, and young professionals to socialize and relax, thus catalyzing the growth of the market. Moreover, development of e-commerce/online platforms and on-the-go food services coupled with innovations in packaging, introduction of low-fat beverages, gluten free products, etc, are also contributing significantly to the growth of the market. Furthermore, factors such as increasing number of working women, reduced practice of preparing home-cooked meals, increasing disposable incomes, improving distribution channels, etc. are also catalysing the growth of the market. Looking forward, IMARC Group expects the market to reach a value of US$ 4.2 Trillion by 2024, registering a CAGR of 3.6% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Sector:
    • Commercial
    • Non-commercial
       
  • Market Breakup by Systems:
    • Conventional Foodservice System
    • Centralized Foodservice System
    • Ready Prepared Foodservice System
    • Assembly-Serve Foodservice System
       
  • Market Breakup by Types of Restaurants:
    • Fast Food Restaurants
    • Full-Service Restaurants
    • Limited Service Restaurants
    • Special Food Services Restaurants
       
  • Market Breakup Region:
    • Asia Pacific
    • North America
    • Europe
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players operating in the market.

Key Questions Answered in This Report:

  • How has the global food service market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global food service industry?
  • What is the breakup of the market based on the sector?
  • What is the breakup of the market based on the systems?
  • What is the breakup of the market based on the types of restaurants?
  • What are the various stages in the value chain of the global food service industry?
  • What are the key driving factors and challenges in the global food service industry?
  • What is the structure of the global food service industry and who are the key players?
  • What is the degree of competition in the global food service industry?
  • What are the profit margins in the global foodservice industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Food Service Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Sector
    5.4    Market Breakup by Types of Foodservice Systems
    5.5    Market Breakup by Types of Restaurants 
    5.6    Market Breakup by Region
    5.7    Market Forecast
6    Market Breakup by Sector
    6.1    Commercial
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Non-commercial
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by Systems
    7.1    Conventional Foodservice System
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Centralized Foodservice System
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Ready Prepared Foodservice System
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Assembly-Serve Foodservice System
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by Types of Restaurants 
    8.1    Fast Food Restaurants 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Full Service Restaurants 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Limited Service Restaurants 
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Special Food Services Restaurants 
        8.4.1    Market Trends
        8.4.2    Market Forecast
9    Market Breakup by Region
    9.1    Asia Pacific
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    North America 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Europe
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players


List of Figures

Figure 1: Global: Food Service Market: Major Drivers and Challenges
Figure 2: Global: Food Service Market: Sales Value (in Trillion US$), 2013-2018
Figure 3: Global: Food Service Market: Breakup by Sector (in %), 2018
Figure 4: Global: Food Service Market: Breakup by Systems (in %), 2018
Figure 5: Global: Food Service Market: Breakup by Types of Restaurants (in %), 2018
Figure 6: Global: Food Service Market: Breakup by Region (in %), 2018
Figure 7: Global: Food Service Market Forecast: Sales Value (in Trillion US$), 2019-2024
Figure 8: Global: Food Service Industry: SWOT Analysis
Figure 9: Global: Food Service Industry: Value Chain Analysis
Figure 10: Global: Food Service Industry: Porter’s Five Forces Analysis
Figure 11: Global: Food Service (Commercial) Market: Sales Value (in Million US$), 2013-2018
Figure 12: Global: Food Service (Commercial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Food Service (Non-commercial) Market: Sales Value (in Million US$), 2013-2018
Figure 14: Global: Food Service (Non-commercial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Food Service (Conventional Foodservice System) Market: Sales Value (in Million US$), 2013-2018
Figure 16: Global: Food Service (Conventional Foodservice System) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Food Service (Centralized Foodservice System ) Market: Sales Value (in Million US$), 2013-2018
Figure 18: Global: Food Service (Centralized Foodservice System) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Food Service (Ready Prepared Foodservice System) Market: Sales Value (in Million US$), 2013-2018
Figure 20: Global: Food Service (Ready Prepared Foodservice System) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Food Service (Assembly-Serve Foodservice System) Market: Sales Value (in Million US$), 2013-2018
Figure 22: Global: Food Service (Assembly-Serve Foodservice System) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Food Service (Fast Food Restaurants) Market: Sales Value (in Million US$), 2013-2018
Figure 24: Global: Food Service (Fast Food Restaurants) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Food Service (Full Service Restaurants) Market: Sales Value (in Million US$), 2013-2018
Figure 26: Global: Food Service (Full Service Restaurants) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Food Service (Limited Service Restaurants) Market: Sales Value (in Million US$), 2013-2018
Figure 28: Global: Food Service (Limited Service Restaurants) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Food Service (Special Food Services Restaurants) Market: Sales Value (in Million US$), 2013-2018
Figure 30: Global: Food Service (Special Food Services Restaurants) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Asia Pacific: Food Service Market: Sales Value (in Million US$), 2013-2018
Figure 32: Asia Pacific: Food Service Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: North America: Food Service Market: Sales Value (in Million US$), 2013-2018
Figure 34: North America: Food Service Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Europe: Food Service Market: Sales Value (in Million US$), 2013-2018
Figure 36: Europe: Food Service Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Middle East and Africa: Food Service Market: Sales Value (in Million US$), 2013-2018
Figure 38: Middle East and Africa: Food Service Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: Latin America: Food Service Market: Sales Value (in Million US$), 2013-2018
Figure 40: Latin America: Food Service Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Food Service Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Food Service Market Forecast: Breakup by Sector (in Million US$), 2019-2024
Table 3: Global: Food Service Market Forecast: Breakup by Systems (in Million US$), 2019-2024
Table 4: Global: Food Service Market Forecast: Breakup by Types of Restaurants (in Million US$), 2019-2024
Table 5: Global: Food Service Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Food Service Market Structure
Table 7: Global: Food Service Market: Key Players

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