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Community Food Services Market: Transformative Solutions, Impactful Initiatives, and Future Outlook on Global Food Security
Community Food Services Market
As per the report, 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 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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The Role Of Crowdfunding In Fuelling Growth Of The Community Food Services Market
The increasing crowdfunding is projected to boost the demand for the community food services market. Crowdfunding is a method of raising capital from individual investors, customers, and the general public through crowdfunding and social media platforms. For instance, JustGiving, a UK-based online fund-raising platform raised about $7,705.8 to provide emergency food for vulnerable, elderly, and low-income people during the COVID-19 crisis. This has led to a greater supply for the industry's food aid and social services, enabling industry organizations to meet the demand for food services. Thus, the growth in crowdfunding is expected to act as a major driver for the growth of the community food services market.
Launch Of Programs To Address Community Food Service Requirements
The launch of various programs to serve community food service requirements is becoming an emerging trend in the community food services market. For instance, in 2023, the Summer Food Service Program provides free meals to children during the summer months when school is not in session. The program will include a permanent, non-congregate meal service option for eligible rural communities. This program helps to reduce food insecurity among children and ensures that they have access to nutritious meals during the summer months.
The community food services market covered in this report is segmented -
1) By Products and Services: Soup Kitchen and On-site Meal Provision, Food Pantry Services, Food Collection And Distribution Services, Other Services
2) By System: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System
3) By Sector: Commercial, Non-commercial
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Major companies operating in the community food services market include Feeding America, City Harvest, Equal Heart, Volunteers Of American Co., A.D. Food Service, Gratzi Catering, CRS Employment Services, Feedmore Western New York, GIICA LLC, Chata Technologies Inc., Second Harvest Food Bank Of Greater New Orleans & Acadiana, Good Shepherd Food Bank, Good Fortune Restaurant, The Meals on Wheels Association of America, Meals on Wheels Ministry, The Dohmen Company Foundation, The Salvation Army International Trust, United Nations International Children's Emergency Fund, Sanctuary Management Ltd., World Food Programme, Food Finders Food Bank, Common Ground, The Meals on Wheels Association of America, CRS Employment Services, A.D. Food Service, Feedmore Western New York
Contents of the report:
1. Executive Summary
2. Community Food Services Market Report Structure
3. Community Food Services Market Trends And Strategies
4. Community Food Services Market - Macro Economic Scenario
5. Community Food Services Market Size And Growth
…..
27. Community Food Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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