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The global food service market was valued at US$ 2,880.1 Billion in 2022.
We expect the global food service market to exhibit a CAGR of 3.8% during 2023-2028.
The rising availability of wide range of meal customization alternatives catering to the diverse taste,
dietary, and budget preferences of the consumers, is primarily driving the global food service
The sudden outbreak of the COVID-19 pandemic has led to the growing demand for online food
services among the individuals, owing to the temporary closure of dine-in facilities during the
lockdown scenario across several nations.
Based on the sector, the global food service market can be categorized into commercial and non-
commercial, where the commercial sector exhibits clear dominance in the market.
Based on the systems, the global food service market has been segmented into conventional
foodservice system, centralized foodservice system, ready prepared foodservice system, and
assembly-serve foodservice system. Among these, conventional foodservice system represents the
largest market share.
Based on the types of restaurants, the global food service market can be bifurcated into fast food
restaurants, full-service restaurants, limited service restaurants, and special food services
restaurants. Currently, full-service restaurants account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
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