Dec 13, 2019 (Market Insight Reports via COMTEX) --
Global Food Service Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
Global Food Service Market was valued at USD 3.1 Trillion in 2018 and is projected to reach USD 4.5 Trillion by 2026, growing at a CAGR of 3.2% from 2019 to 2026.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
McDonald’s, Restaurant Brands International, Sodexo, Starbucks, Yum!Brands, Aramark, Compass Group North America, Domino’s, Dicos, In-N-Out Burger, The Little Caesars, Jollibee Foods, Mr. Lee’s, White Castle Management, Carl’s Junior Restaurant, American Dairy Queen, MOS Food Services, Services Group of America
Market segment by Type, the product can be split into
Conventional Foodservice System
Centralized Food Service System
Ready-Prepared Foodservice System
Assembly Serve Foodservice System
Market segment by Application, split into
Food Service Market Overview-
Food Service refers to catering services or providing food made outside the home, to the public. There are various companies in catering business which provide such services. Food services also called as catering industry or business provide packaged food service as well as real time food service. Food service industry includes various kind of restaurants such as fast food/ quick service restaurants, full-service restaurants, limited service restaurants and special food service restaurants.
Foodservice is also known as catering service. It includes all companies that engage in serving meals prepared outside homes. It includes restaurants, school and hospital cafeterias, and catering outlets. Foodservice restaurants are classified into two sectors: commercial and non-commercial foodservice.
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The commercial segment accounted for the major shares of the foodservice market. Factors such as the introduction of new food items on the menus and evolving consumer tastes and preferances will contribute to the growth of this industry segment in the coming years. The conventional foodservice system is mainly driven by the high quality of offered food due to its instant preparation. The conventional foodservice system offers flexibility in the menu that largely attracts consumers. Another major benefit of this system is the option of inspecting food items to confirm their quality and safety.
Market segment by Regions/Countries, this report coversNorth America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
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Food Service Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers