Food Service Market to Reach US$ 3,787.4 Billion by 2028 at Growth Rate (CAGR) of 3.8%

According to IMARC Group's latest report, titled "𝐅𝐨𝐨𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global food service market size reached US$ 2,880.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,787.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.

Food or catering services consist of preparing and serving foods and beverages in restaurants and other dining settings. These outlets are classified into commercial establishments, such as fast-food restaurants, catering, nightclubs, and recreational outlets, and non-commercial outlets, including hospitals, bases, schools, and the military. They help deliver quality cuisines through supply channels, save time, offer convenience, provide a better customer experience, and generate profitable revenue. As a result, food services are largely deployed in special food, fast food, limited services, and full-service restaurants.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/food-service-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐅𝐨𝐨𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The primary factor driving the global food service market is the increasing consumer expenditure power and surging demand for customization and innovation in food menu options. In line with this, the rising working populace has surged the need for readily available nutritious, hassle-free, and hygienic food, which is creating a positive outlook for the market.

Moreover, the rapidly expanding food and beverage (F&B) industry and the emerging trend of socializing at restaurants and bars are providing a considerable thrust to the market growth. Apart from this, key market players are introducing low-fat beverages and gluten-free food products with innovative packaging to increase their consumer base, which is accelerating the market growth. Other factors, such as the rapid expansion of online platforms, availability of healthier fast-food alternatives, and improving distribution channels, are positively contributing to the market growth.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=1310&method=1

In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on sector, systems and types of restaurants.

Breakup by Sector:
• Commercial
• Non-commercial

Breakup by Systems:
• Conventional Foodservice System
• Centralized Foodservice System
• Ready Prepared Foodservice System
• Assembly-Serve Foodservice System

Breakup by Types of Restaurants:
• Fast Food Restaurants
• Full-Service Restaurants
• Limited-Service Restaurants
• Special Food Services Restaurants

Breakup Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The report has also analysed the competitive landscape of the market along with the profiles of the key players operating in the market.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=1310&flag=C

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Coconut Water Market: https://www.imarcgroup.com/coconut-water-market

Food Grade Gases Market: https://www.imarcgroup.com/food-grade-gases-market

Food Additives Market: https://www.imarcgroup.com/food-additives-market

Instant Noodles Market: https://www.imarcgroup.com/prefeasibility-report-on-an-instant-noodle-processing-plant

Banana Powder Market: https://www.imarcgroup.com/banana-powder-manufacturing-plant

Rice Bran Oil Market: https://www.imarcgroup.com/rice-bran-oil-processing-plant

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This release was published on openPR.