Unlocking the Potential: Unveiling the Dynamic Landscape of the Chained Consumer Foodservice Market and its Culinary Revolution

The chained consumer foodservice industry is expected to increase from US$ 928.6 billion in 2023 to US$ 1,279.3 billion in 2033, according to PMR. From 2023 to 2033, this translates into a compound annual growth rate (CAGR) of 3.8%.

The adoption of technology is enabling the chained consumer foodservice industry, which involves expensive investment in cutting-edge buildings and door-to-door meal delivery, to expand significantly.

The global chained consumer foodservice market is anticipated to be positively impacted by integrated procedures, improved menu options, and the overarching "experience more" megatrend, where people value experiences over things.

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The sale of food and beverages for immediate consumption, takeout, and home delivery is referred to as chained consumer foodservice. Chained consumer foodservice establishments fall into two categories: commercial establishments, such as fast food restaurants, caterers, nightclubs, and recreational outlets, like food activities on the grounds of institutions like hospitals, colleges, and military bases.

The chained consumer foodservice sector is expanding because commercial restaurants and cafes have developed into handy gathering places for young people, families, and young professionals. The rise of the chained consumer foodservice business is also greatly aided by the development of on-the-go food facilities, packaging advancements, the use of low-fat drinks, gluten-free meals, etc.

Growing investments in online food delivery applications is leveraging the global chained consumer foodservice market. Moreover, expenditure on quick service restaurants (QSRs) and hotels is increasing globally, which is expected to boost the growth of the chained consumer foodservice market during the forecast period.

Highly Individualized Eating Experiences and Increasing Number of Fast Food Kiosks in Favor of Market Growth

Increasing consumer awareness of quick-service restaurants is one of the key drivers expected to boost the chained consumer foodservice market's development in the coming years. With the increasing demand for fast food, there has been a substantial increase in the development of fast food chains, especially in markets of developing countries. Chained consumer foodservice competitors are beginning to adopt self-service kiosks which is achieving key objectives by not only improving speed of service but also enhancing cost-effectiveness.

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The global chained consumer foodservice market has significant growth opportunities due to other factors like the increase in consumer spending on restaurants combined with the introduction of new advertising initiatives like online and offline food competitions and outreach to local food bloggers and influencers.

Companies Covered in This Report : Chained Consumer Foodservice Market

McDonald's Corp
Yum! Brands, Inc.
Brinker International, Inc.,
Compass Group PLC
Starbucks Corporation
Aramark Corporation
Compass Group USA
Sodexo
Restaurants Brands International, Inc.
Darden Restaurants, Inc.
Panera Bread Company, Inc.
Dunkin' Brands Group, Inc.
Chipotle Mexican Grill, Inc.
Autogrill

Potential Product Shortages and Price Uncertainty May Continue to Halt Market Growth

Fluctuating food commodity prices are detrimental to the global chained consumer foodservice market. The shortage of raw material supplies may have a negative impact on the market during the forecast period. Shortages are mainly due to poor weather conditions and natural disasters which are expected to hinder the growth of the chained consumer foodservice market during the forecast period. Moreover, PMR says that a paradigm shift has been noted in relation to the chained consumer foodservice market from the perspective of the masses. People are now preferring more nutritious, fat-free, and sugar-free products, and are usually more conscious about their health.

Stakeholders Invest Efforts in Reaching out to Varied Consumer Demographics

The chained consumer foodservice market is focused on businesses concentrating on providing product differentiation to satisfy the growing demand for nutritious food among customers. The chained consumer foodservice market seems to be moderately fragmented. The presence of a number of companies, including Brinker International Inc. and Compass Group PLC, makes the competitive environment quite intense. There are many overlapping and conflicting requirements from domestic regulators all over the globe. Different rules on allergens, trace components and pesticides have proved to be a hurdle for the global chained consumer foodservice market. Moreover, due to strong demand, location prices are expected to rise gradually, mostly within premium areas, thus offering more investment opportunities to the chained consumer foodservice market at the expense of independent players.

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Market Segmentation : Chained Consumer Foodservice Market

Chained Consumer Foodservice Market : Service (% of Demand)

Convenient Foodservice
Ready-Prepared Foodservice
Commissary Foodservice
Assembly / Serve Foodservice

Chained Consumer Foodservice Market : Outlet

Cafes/Bars
Full Service Restaurants
Fast Food
100% Home Delivery / Takeaway
Self Service Cafeterias
Street Stalls / Kiosks

Chained Consumer Foodservice Market : Distribution (% of Demand)

Eat-in Restaurants
Take Away Restaurants (Excl. Drive-through restaurants)
Online Food Delivery
Drive-through Restaurants

Chained Consumer Foodservice Market : Location

Standalone
Retail
Travel
Leisure
Hotels

Chained Consumer Foodservice Market : Region

North America
Latin America
Europe
Middle East Africa
APAC

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This release was published on openPR.