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Community Food Services Market 2024 To 2033 Industry Trends, Share, Size, Growth, Opportunity And Forecast
Community Food Services Market
The Business Research Company's Community Food Services Global Market Report 2024 identifies The increasing consumption of nutritious foods as the major driver for the Community Food Services market's growth in the forecast period. Nutritious food refers to food items that provide essential nutrients, such as vitamins, that are necessary for the proper functioning of the human body. Community food service plays a vital role in providing nutritious foods because it provides well-balanced and health-promoting meals to support the nutritional needs of the community, fostering better health and overall well-being. For instance, in 2022, according to a survey report by the International Food Information Council, a US-based nonprofit organization, 52% of Americans reported that they followed a diet or eating pattern, a significant increase from the past year.
The community food services market size has grown strongly in recent years. It will grow from $372.56 billion in 2023 to $394.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to food insecurity, donor support, hunger relief initiatives, government assistance.The community food services market size is expected to see strong growth in the next few years. It will grow to $489.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
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Major competitors in the Community Food Services market are Feeding America, City Harvest, Equal Heart, Volunteers Of American Co., A.D. Food Service
A key trend in the Community Food Services market includes Innovative Initiatives. Major companies operating in the community food services market are focusing on the launch of food programs such as Feds Feed Families 2023 for various contribution purposes, such as food. 'Feds Feed Families' is an annual federal government-wide food drive in the United States that typically takes place during the summer months
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The Community Food Services market is segmented -
•By Products and Services: Soup Kitchen and On-site Meal Provision, Food Pantry Services, Food Collection And Distribution Services, Other Services
•By System: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System
•By Sector: Commercial, Non-commercial
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Community Food Services market.
The Business Research Company's "Global Community Food Services Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Community Food Services Market Include:
1. Executive Summary
2. Community Food Services Market Characteristics
3. Community Food Services Market Trends And Strategies
4. Community Food Services Market - Macro Economic Scenario
5. Global Community Food Services Market Size and Growth
................
31. Global Community Food Services Market Competitive Benchmarking
32. Global Community Food Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Community Food Services Market
34. Community Food Services Market Future Outlook and Potential Analysis
35. Appendix
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