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Global Food Service Market 2018-2023 to Grow at a CAGR of +5% by Forecast Year, Market Research Analysis, Global Trend, Outlook and Competitive Strategies

09-17-2018 02:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Consultant

Global Food Service Market 2018-2023 to Grow at a CAGR of +5%

The global market has been elaborately explained in a research report and put on sale by Report Consultant in its repository. The report is named, “Global food service market Report 2023”. The publication has estimated the sales forecast values for the global market from 2017 to 2025. The sales growth anticipation has also been determined by the analysts at Report Consultant as the industry has demonstrated the need to throw some light upon the crucial aspects of sustaining the environment.

With people becoming more health-conscious, several restaurants, cafes and non-commercial food service outlets have started serving nutritious and healthy meals, which helps consumers in reducing their total calorie intake. Global market often serve half or full-size salads containing fresh fruits and vegetables, which not provides healthy food intake to consumers but also increases their market shares. The market is expected to witness steady growth in the coming years with the growing demand for customized food menus and fresh-quality ingredients in the foods served. Global food service market is expected to grow with CAGR value of +5% during the forecast period 2018-2023.

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The vendors in the market are coming up with innovations in packaging for the home delivery and takeaway food. They are implementing several types of innovative packaging like biodegradable packaging and compostable packaging for food products. Corrugated packaging is the most preferred form of packaging owing to their thermal properties and ability to keep the food fresh for long. The corrugated packaging also protects the food from spills and releases. Several players in the market have started using sustainable packaging and are now opting for reusable or recyclable substances.

Top key vendors:
• Aramark
• Compass Group North America
• Domino's
• Guest Services
• McDonald's
• Restaurant Brands International
• Sodexho
• Starbucks
• Yum! Brands

Other prominent vendors in the Food Service market include Abela & Co, Arby's Restaurant Group, Autogrill Group, AVI Foodsystems, Ben E. Keith, BiRite Food Service Distributors, Bon Apptit Management, Brock & Co., CulinArt, Carl's Jr. Restaurants, Church's Chicken, Dairy Queen, Del Taco Restaurants, Dicos, Gordon Food Service, In-N-Out Burger, Jack in the Box, Jollibee Foods, Little Caesars, MOS Food Services, Mr. Lee, Papa John's, Popeyes Louisiana Kitchen, Services Group of America, Sonic Drive-In, Sysco Corporation, Telepizza, Truitt Bros, Whataburger, and White Castle.

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Segmentation by sector and analysis of the Food Service market
• Commercial
• Non-commercial

The commercial Food Service segment dominated the market in 2016 and accounted for around 80% of the overall market share. The growth of this segment can be attributed to the increased demand for customized food menu offerings due to the hectic lifestyles of consumers. Many customers prefer having their food in quick service restaurants, fast-casual restaurants, and cafes that offer minimal sitting arrangements. Owing to the increasing preference for home delivery and takeaway food, vendors are increasingly investing in various convenient packaging designs to cater to the changing demands of consumers.

Geographical segmentation and analysis of the Food Service market
• APAC
• Europe
• North America
• ROW

APAC will continue to be the highest revenue-generating region in the market during the forecast period and is expected to occupy more than 42% of the overall market share by 2022. Food service market are predominantly changing their menus and are spending more on promotional activities to attract more people and expand their consumer base in APAC. Factors such as the overall economic growth of the region and increase in consumer income level will lead to an increase in the number of customer visits to restaurants, cafes, and bars for social gatherings during the forecast period.

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https://www.reportconsultant.com/enquiry_before_buying.php?id=663

If you have any special requirements, please let us know and we will offer you the report as you want.

Table of Content:
1 Global food service market size, status and forecast.
2 Competitive analysis by players
3 Company profile
4 Market size by application
5 EU market status and analysis
6 Japan market status and analysis
7 China market status and analysis
8 India market status and analysis
9 South Asia market status and analysis
10 Forecast by regions and application
11 Global food service market dynamics
12 Market Effect factor analysis

About Us:
Report consultant-A global leader in analytics, research and advisory that can assist you to renovate your business and modify your approach with us you will learn to take decision intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experience skills and verified methodologies.
Our research report will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research report and are outstandingly position to lead digital transformations. Thus we craft greater value for4 clients by presenting advance opportunity in the global market.

Contact us:
Rebecca Parker
(Report Consultant)
Akasaka Biz Tower,
5-3-1, Akasaka Minato-ku,
Tokoyo, Japan
Contact No: +81-368444299
sales@reportconsultant.com
www.reportconsultant.com

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