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Food Service Channel Market Launch Innovative F&B Solutions Platform To Address Evolving Consumer Preferences And Optimize Supply Chains Trend: A Crucial Influence on the Foodservice Channel Market's Transformation in 2025
Foodservice Channel
The rise in online food ordering is expected to drive the foodservice channel market. Consumers increasingly order food online through websites or apps, driven by the need for convenience and efficiency. Online food ordering supports a wide range of restaurant and delivery options, streamlining the process of browsing, ordering, and receiving meals. For example, HotelTechreport reported that the percentage of American consumers ordering food via meal delivery apps increased from 15% in 2021 to 25% in 2023. This shift is driving the growth of the food service channel market.
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What is the projected compound annual growth rate (CAGR) of the foodservice channel market from 2025 to 2034, and what factors influence it?
The foodservice channel market has experienced exponential growth in recent years. It will rise from $962.1 billion in 2024 to $1181.97 billion in 2025, at a CAGR of 22.9%. This growth is attributed to rising online ordering, the growing popularity of alcoholic beverages, increasing demand for ready-to-eat food products, the rise of vegan products, and a surge in tourism.
The foodservice channel market is expected to experience exponential growth, reaching $2660.99 billion by 2029 at a CAGR of 22.5%. Growth is attributed to the increasing number of food courts, snacking trends, rising demand for fast food, and growing disposable income. Trends include autonomous delivery systems, innovative food preparation methods, integration of digital payments, automation in kitchens, and advanced tableware technologies.
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How are the latest trends influencing the growth of the foodservice channel market?
Companies in the foodservice channel market are developing tailored platforms, like the F&B Solutions platform, to optimize inventory management, menu planning, and supply chain operations. The platform, launched by Singapore-based Ofi in January 2024, is designed to cater to various sectors such as FMCG, retail, and QSR, addressing evolving consumer needs and offering co-creation opportunities for foodservice operators to adapt to changing trends.
What are the major segments of the foodservice channel market and their role in driving growth?
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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Which regions are key players in the growth of the foodservice channel market?
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.
Who are the key firms paving the way for growth in the foodservice channel market?
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.
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What Is Covered In The Foodservice Channel Global Market Report?
•Market Size Forecast: Examine the foodservice channel market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the foodservice channel market for a structured understanding.
•Key Players Overview: Analyze major players in the foodservice channel market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the foodservice channel market.
•Segment Contributions: Evaluate how different segments drive overall growth in the foodservice channel market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the foodservice channel market.
•Industry Challenges: Identify potential risks and obstacles affecting the foodservice channel market.
•Competitive Landscape: Review strategic developments in the foodservice channel market, including expansions, agreements, and new product launches.
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