Foodservice Market 2020 Global Demand and Business Insights- Aramark, Compass Group, Sodexo

The report entitled “Global Foodservice Market: Size, Trends & Forecasts (2019-2023)”provides analysis of the Global Foodservice, with detailed analysis of market size and growth. The analysis includes the market by value, by region, by segment, volume by region and by end uses. The report also provides the analysis of the Global Foodservice market of Asia Pacific (APAC), North America, Europe, Middle East & Africa (EMEA), and South America regions.

Market includes analysis of the Global Foodservice market in terms of value followed by analysis of its various segments. A Global analysis of the larger logistics market has also been included in the report in order to highlight the position of Foodservice with respect to the overall market.

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Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall Foodservice market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Regional Coverage
Asia Pacific
Europe
Latin America

Company Coverage
Aramark
Compass Group
Sodexo

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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, cafe 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.

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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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