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Global Food Service Market: Size, Trends
& Forecasts (2019-2023)
January 2019
Global Food Service Market : Coverage
Executive Summary and Scope
Introduction/Market Overview
Market Analysis
Dynamics
Competitive Landscape
Company Profiling
Global Food Service Market : Coverage
Attributes Details
Title Global Food Service Market : Size, Trends & Forecasts (2019-2023)
Coverage Global and Regional
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2019-2023
Competition in the Market Fragmented
Key Players Aramark, Compass Group and Sodexo Group
Scope of the Report
Global Food Service Market
Food service covers foods and beverages that are consumed outside of home. Food services are provided by various institutions/ companies that vary from commercial providers such as hotels and restaurants to the non commercial ones such as hospitals, colleges, universities etc. These services are of two types namely contract catering and the self operated ones.
The global food service market has been split on the basis of three parameters namely outlet type, system type and end user. On the basis of outlet type, the market is sub segmented into full service restaurants, quick service restaurants, café and bars and fast casual restaurants. On the basis of system type, the market has been split into conventional, centralized, ready made and assembly service systems. On the basis of end users, the market has been sub divided into commercial and non commercial.
The global food service market is forecasted to grow at a healthy rate during the projected period (2019-2023). The market is supported by various growth drivers such as growing spending on food away from home (FAFH), inflation in demand for outsourcing services, spike in number of business and industries (B&I), surging global gross national income and expanding middle class population. The market also faces challenges such as catering to client expectations, increasing food safety issues and stringent regulatory laws.
Customization in food menu, fueling demand for healthy food, growing number of mergers and acquisitions (M&A), high demand for gluten free food and emergence of online food ordering platforms are some of the latest trends existing in the market.
Executive Summary
Food Service Market : Global Analysis
Global Food Service Market by Value
The global food service market has been showcasing an increasing trend since 2014 exhibiting a CAGR of …% over the years 2014-2018 amounting to US$... billion in 2018. It is forecasted to grow to US$... billion by 2023 in comparison to US$... billion in 2019 showing a CAGR growth of …% over the years spanning 2019-2023.
CAGRs
2014-2018 Xx%
2019-2023 xx% 2014 2015 2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Global Food Service Market: Segment Analysis
Full Service Restaurant , xx%
Quick Service Restaurant , xx%
Others, xx%
Global Food Security Market by Outlet Type ; 2018
Global Food Service Market : Segment Analysis
Global Full Service Restaurant Market by Value
The global full service restaurant market grew at a CAGR of …% over the years 2014-2018 totaling to US$... billion in 2018. The market is estimated to escalate to US$... billion by 2023 in comparison to US$... billion in 2019 exhibiting a CAGR of …% during the period 2019-2023.
CAGRs
2014-2018 Xx%
2019-2023 xx% 0
20
40
60
80
100
120
2014 2015 2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Global Food Service Market : Segment Analysis
Global Quick Service Restaurant (QSR) Market by Value
The global QSR market generated a revenue worth US$... billion in 2018 in comparison to a revenue of US$... billion in 2014 demonstrating a CAGR of …% in the years 2014-2018. The market is further likely to ascend to US$... billion by 2023.
CAGRs
2014-2018 Xx%
2019-2023 xx%
2014 2015 2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Food Service Market: Regional Analysis
Asia Pacific Food Service Market by Value Europe Food Service Market by Value
Latin America Food Service Market by Value
Region CAGR
2019-2023
Asia Pacific xx%
Europe xx%
Latin America xx%
2019 2020 2021 2022 2023
US
$ B
illio
n
72
74
76
78
80
82
84
86
88
90
92
2017 2018 2019 2020 2021 2022 2023
US
$ B
illio
n
2017 2018 2019 2020 2021 2022 2023
US
$ B
illio
n
Asia Pacific Food Service Market: An Analysis
Full Service Restaurant, xx%
Quick Service Restaurant, xx%
Other, xx%
Region Share
Developed Asia xx%
Emerging Asia Xx%
Asia Pacific Food Service Market by Outlet Type; 2018
Asia Pacific Food Service Market by Region; 2018
Asia Pacific Food Service Market : Segment Analysis
Asia Pacific Full Service Restaurant Market by Value
Asia Pacific full service restaurant market totaled to US$... billion in 2018. The market is further estimated to reach to US$... billion by 2023 in contrast to a value of US$... billion in 2019 posting a CAGR of …% during the time span 2019-2023.
CAGRs
2014-2018 Xx%
2019-2023 xx% 0
5
10
15
20
25
30
35
40
45
2014 2015 2016 2017 2018
US
$ B
illio
n
36
38
40
42
44
46
48
50
52
2019 2020 2021 2022 2023
US
$ B
illio
n
Asia Pacific Food Service Market : Segment Analysis
Asia Pacific Quick Service Restaurant (QSR) Market by Value
The Asia Pacific QSR market was valued at US$... in 2014 and ascended to US$... billion in 2018 growing at a CAGR of …%. In the years 2019-2023, the market is forecasted to grow at a CAGR of …% escalating to US$... billion by 2023.
CAGRs
2014-2018 Xx%
2019-2023 xx%
2014 2015 2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Global Food Service Market : Dynamics
Growth Driver
•Growing Middle Class Population
• Rising Spending on Food Away from Home (FAFH)
Challenges
•Catering to Client Expectations
•Stringent Regulatory Laws
Market Trends
• Growing Number of Mergers and Acquisitions (M&A
• More Customization in Food Menu
Global Food Service Market : Competitive Landscape
• Aramark
• Compass Group
• Sodexo Group
Players Profiled
Note: The graphs on this slide are only for sample representation.
