Increased Online Ordering Supports Foodservice Channel Expansion: Key Factor Driving The Growth In The Foodservice Channel Market

The Foodservice Channel Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Foodservice Channel Market Size During the Forecast Period?
The foodservice channel market has experienced exponential growth in recent years. It is expected to grow from $962.1 billion in 2024 to $1181.97 billion in 2025, at a CAGR of 22.9%. This growth is driven by the rise of online ordering, the increasing popularity of alcoholic beverages, growing demand for ready-to-eat food products, a surge in vegan food offerings, and the expansion of the tourism industry.

The foodservice channel market is anticipated to see explosive growth, reaching $2660.99 billion by 2029, with a CAGR of 22.5%. This growth is due to the increasing number of food courts, rising snacking and indulgence consumption, preference for fast food, higher disposable income, and growing demand for convenience foods. Key trends in the forecast period include autonomous delivery systems, innovative food preparation methods, digital payments, kitchen automation, and technological advancements in tableware.

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What Are the High-Growth Segments in the Foodservice Channel Market?
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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What Key Drivers Are Expected to Influence Future Foodservice Channel Market Growth?
The growing trend of online food ordering is projected to drive the expansion of the foodservice channel market. Online food ordering involves customers selecting and purchasing meals via websites or mobile apps from restaurants or food delivery services, offering a direct and convenient way to order and pay without needing to visit in person. The rise in online food ordering is fueled by the growing need for convenience and efficiency, facilitated by widespread smartphone use and improved internet access, alongside a preference for quick meal solutions. The foodservice channel plays a key role by offering a wide selection of restaurants and delivery services accessible through digital platforms, simplifying the ordering process and allowing customers to browse menus, place orders, and receive timely deliveries. For instance, in March 2024, HotelTechreport, a US-based platform for hotel technology, reported that U.S. consumers ordering through meal delivery apps increased from 15% in 2021 to 25% in 2023. Thus, the growing online food ordering trend is driving the foodservice channel market.

Which Companies Hold the Largest Share Across Different Foodservice Channel Market Segments?
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 Trends Are Expected to Dominate the Foodservice Channel Market in the Next 5 Years?
Key players in the foodservice channel market, like Ofi, a company based in Singapore that produces sustainable food ingredients, are prioritizing the creation of innovative platforms. These platforms, such as the newly launched Food and Beverage Solutions (F&B), are designed to offer tailored solutions that address inventory management, menu planning, and supply chain optimization. To cater to the changing tastes of consumers and varied customer requirements, firms are utilizing platforms like F&B Solutions. This platform, launched in January 2024, is especially beneficial to the foodservice channel, aiming to cater to the needs of both global and regional clients across a range of sectors, including quick-service restaurants (QSR), retail, and fast-moving consumer goods (FMCG). The focus on co-creation and innovative product ideas aligns with the demands of foodservice operators to enhance their services and adapt to evolving consumer trends.

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What Are the Emerging Geographies for The Foodservice Channel Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Foodservice Channel Market?
2. What is the CAGR expected in the Foodservice Channel Market?
3. What Are the Key Innovations Transforming the Foodservice Channel Industry?
4. Which Region Is Leading the Foodservice Channel Market?

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