Increased Online Ordering Supports Foodservice Channel Expansion: A Key Factor Shaping the Future of the Foodservice Channel Market in 2025

"What Are the Projections for the Size and Growth Rate of the Foodservice Channel Market?
In recent times, there has been a significant expansion in the size of the foodservice channel market. It is projected to escalate from $962.1 billion in 2024 to $1181.97 billion in 2025, manifesting a compound annual growth rate (CAGR) of 22.9%. The historical growth can be attributed to factors such as an increase in online ordering, mounting popularity of alcoholic drinks, expansion of ready-to-eat food products, surge in vegan products, and growth in tourism.

Anticipated expansion in the foodservice channel market size is on the cards for the forthcoming years, with predictions suggesting a swell to $2660.99 billion by 2029, showcasing a compound annual growth rate (CAGR) of 22.5%. This upswing in the forecast duration is likely due to the expanding presence of food courts, a surge in casual eating and indulgent intake, enhanced preference for fast food, escalating disposable income, and a growing need for convenience foods. Key trends set to punctuate the forecast period involve the evolution of autonomous delivery systems, the introduction of groundbreaking food preparation techniques, the incorporation of digital payment facilities, advancements in automated kitchen technology and pioneering tableware technologies.

What Factors Are Propelling the Expansion of the Foodservice Channel Market?
The anticipated spur in the foodservice channel market is largely attributable to the surge in online food ordering. This computerized process, where consumers choose and pay for meals via restaurant or food delivery websites and applications, eliminates the need for physical presence at the eateries. The rise in online food orders can be credited to expanding convenience and efficiency needs, fuelled by the prevalence of smartphones and improved internet accessibility, and buttressed by the consumers' partiality towards simple, fast meal alternatives. Online food ordering is facilitated by the foodservice channel by offering a plethora of restaurant and delivery choices available digitally, smoothing out the ordering process, and enabling consumers to effortlessly scan through menus, place their orders, and get their orders delivered promptly. For example, data from HotelTechreport, an American digital platform committed to hotel technology, revealed in March 2024 that the percentage of American consumers ordering food via meal delivery applications experienced a jump from 15% in 2021 to 25% in 2023. Consequently, the escalation of online food ordering propels the food service channel market.

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Which Businesses Are at the Forefront of Foodservice Channel Market Development?
Major companies operating in the foodservice channel market are McDonald's Corporation, Darden Restaurants Inc., Chipotle Mexican Grill Inc., Yum! Brands Inc., Restaurant Brands International Inc., Panera Bread Company, Domino's Pizza Inc., Bloomin' Brands Inc., Texas Roadhouse Inc., Brinker International Inc., Zaxby's Franchising Inc., Wendy's Company, BJ's Restaurants Inc., Shake Shack Inc., Cheesecake Factory Incorporated, First Watch Restaurant Group Inc., White Castle System Inc., Cava Group Inc., Noodles & Company, El Pollo Loco Holdings Inc., Sweetgreen Inc., Wingstop Inc., Fogo de Chão Inc., Dunkin' Brands Group Inc.

What Are the Latest Innovations in the Foodservice Channel Market?
Key players in the foodservice channel market are directing their efforts towards creating novel platforms such as the food and beverage solutions (F&B) platform. This new platform enables specialized solutions geared towards effective inventory management, strategic menu planning, and supply chain enhancement. Its primary objective is to focus keenly on the changing consumer preferences and cater to a broad range of customer requirements. Specifically, in January 2024, a Singaporean firm known as Ofi, renowned for producing sustainable food ingredients, rolled out the F&B solutions platform. This platform prioritizes shifting consumer needs and supporting varied customer demands. The F&B solutions platform holds significant relevance in the foodservice industry as it caters to the demands of both global and regional clients in diverse sectors such as fast-moving consumer goods (FMCG), retail, and quick-service restaurants (QSR). Its devotion to progressive product ideation and co-creation aligns perfectly with the necessities of food service operators to evolve their offerings and keep up with the dynamic consumer trends.

How Is the Foodservice Channel Market Segmented?
The foodservice channel market covered in this report is segmented -

1) By Channel Outlook: Accommodation, Leisure, Mobile Operators, Pubs, Clubs, And Bars, Restaurants, Retail, Travel, Workplace
2) By Service: Commercial, Non-Commercial
3) By Systems: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System

Subsegments:
1) By Accommodation: Hotels And Resorts, Bed And Breakfasts (B And Bs), Motels, Hostels, Lodges And Inns
2) By Leisure: Amusement Parks And Theme Parks, Zoos And Aquariums, Entertainment Complexes, Sports Venues (Stadiums, Arenas), Cruise Ships And Resorts
3) By Mobile Operators: Food Delivery Apps, Online Food Ordering Platforms, Virtual Kitchens, On-demand Food Services
4) By Pubs, Clubs, And Bars: Public Houses (Pubs), Nightclubs And Dance Bars, Cocktail Bars And Lounges, Beer Gardens, Karaoke Bars
5) By Restaurants: Quick Service Restaurants (Qsrs), Full-Service Restaurants, Casual Dining, Fine Dining, Fast-Casual Chains
6) By Retail: Supermarkets And Hypermarkets, Convenience Stores, Food Retailers, Meal Kits And Grocery Stores, Online Food Retail Platforms
7) By Travel: Airports And Airlines, Railways And Bus Stations, Travel Plazas And Service Areas, Travel And Tourism Centers, Train Dining Cars
8) By Workplace: Corporate Cafeterias, Office Building Food Courts, Employee Meal Programs, On-Site Catering Services, Staff Dining Facilities

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Where Is the Foodservice Channel Market Growth Most Prominent?
North America was the largest region in the foodservice channel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the foodservice channel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Foodservice Channel Global Market Report?

- Market Size Analysis: Analyze the Foodservice Channel Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Foodservice Channel Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Foodservice Channel Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Foodservice Channel Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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