Global Foodservice Market By Type (Dining Services, QSR Quick Service Restaurants (QSR), Pubs, Bars, Cafe and Lounges (PBCL), and Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGlobal Foodservice Market By Type (Dining Services, QSR Quick Service Restaurants (QSR), Pubs, Bars, Cafe and Lounges (PBCL), and Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026
The global foodservice market was valued at USD3093.96 billion in 2020, and it is estimated to advance with a CAGR of 4.72% in the forecast period, to reach USD3978.83 billion by the end of 2026.
Technological advancement is another key factor driving the market growth, globally. Majority of foodservice companies are using restaurant management software for the smooth functioning of their operations. This software alerts the restaurant manager about the delivery status of food, food wastage, etc. This software also serves as a handbook that needs to be followed by all chefs to refer to recipes. This software removes all the obstacles faced in the smooth running of food services and hence results in increased customer satisfaction, thereby contributing to the growth of the global food service market.
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The global foodservice market is categorized on the basis of type into dining services, QSR, PBCL, and others. Among them the QSR segment is projected to grow at the fastest rate in the forecast period. QSR is an industry given term for fast food restaurant chains such as Subway, McDonald's, Burger King, KFC, Taco Bell, Wendy’s, etc. The factors such as greater convenience, time saving, increased price consciousness and value-seeking consumer behavior, etc. have led to the rise in demand for QSRs.
In terms of region, Asia-Pacific is the one, which is expected to maintain the first position in terms of market share. It is also expected to contribute to almost 40% of the total market of 2026, followed by North America and Europe.
Today, the foodservice market has become an attractive destination for investments and several large multinational companies are entering this market. Some of the major companies are Compass Group PLC, McDonald's Corporation, Performance Food Group Company, Sodexo Group, Aramark Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., Domino's Pizza, Inc., Inspire Brands, Inc., and Starbucks Corporation.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze the historical growth rate in market size of global foodservice market from 2016 to 2020.
- To estimate and forecast the market size of global foodservice market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast global foodservice market based on by type, by ownership, by company, and by region.
- To identify dominant region or segment in the global foodservice market.
- To identify drivers and challenges for global foodservice market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global foodservice market.
- To identify and analyze the profile of leading players operating in global foodservice market.
- To identify key sustainable strategies adopted by market players in global foodservice market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of food service providers across the globe. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research could include the service providers which could not be identified due to the limitations of secondary research. marketinsights Research analyzed the service providers and presence of all major players across the globe.
marketinsights Research calculated the market
Key Target Audience
- Service providers, distributors, and end-users
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers.
- Organizations, forums, and alliances related to foodservice.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope
In this report, global foodservice market has been segmented into following categories, in addition to the industry trends which have also been detailed below
Global Foodservice Market, By Type
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o
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- Others (Cafeteria, Ghost Kitchens, Catering and Vending Companies)
Global Foodservice Market, By Ownership
- Independent Outlets
- Chained Outlets
Global Foodservice Market, By Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Russia
- Middle East and Africa
- Turkey
- Egypt
- South Africa
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles
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Company Information
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