Press release
Who Leads the Food Service Industry Sector? M&A Battles, Brand Growth & Regional Trends
Food Service Industry
Samsung Electronics launched Samsung Food, an AI-powered recipe and meal planning platform available in 104 countries and 8 languages. With 160,000+ recipes, it offers personalized cooking guidance, custom meal plans, and online ingredient ordering.
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M & A in Food Service Sector
DoorDash (United States) acquired Deliveroo plc (United Kingdom) for USD 3.89 billion (expected to close Q4 2025).
Bakkavor Group plc (United Kingdom) was acquired by Greencore Group plc (Ireland) for USD 1.55 billion.
Sizzling Platter, LLC (United States) was acquired by Bain Capital, LP (United States) for USD 1.00 billion.
SpartanNash Company (United States) was acquired by C&S Wholesale Grocers, LLC (United States) for USD 1.77 billion.
Key Players:
Food Service Company, Compass Group India, Sodexo, US FOODS, INC., Saval Foodservice, Shamrock Foods, Food Services, Inc., Gordon Food Service, A & A Food Service, and Creed Foodservice.
Key Development:
On February 20, 2024, Airport Dimensions, SSP, and Travel Food Services announced a partnership to launch Kyra, an exclusive lounge at Hong Kong International Airport's Terminal 1 Central Concourse, set to open in summer 2024.
On April 29, 2024, Meituan launched its first overseas food-delivery platform, KeeTa, in Riyadh, Saudi Arabia, targeting global growth.
On January 25, 2024, Swiggy expanded to Lakshadweep, starting food delivery on Agatti island.
On May 23, 2024, restaurateur Alex Xu opened Kung Fu Burger in Chinatown London, inspired by ESEA street food culture.
On February 15, 2023, Travel Food Services launched Dilli Streat at Indira Gandhi International Airport's Domestic Departure area. Spanning 340 sq. mt., it offers travelers a unique dining experience with diverse cuisines unlike any other airport setup.
Growth Forecast Projected:
The Global Food Service Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Food Service Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type of Service: (Quick Service Restaurants, Full-Service Restaurants, Cafés and Bars, Others)
By Sector: (Commercial, Non-commercial)
By Type of Establishment: (Independent Outlets, Chain Restaurants, Franchises)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.
Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.
Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.
Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.
Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.
Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.
Chapter 8 :Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.
Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.
Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.
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FAQ's
Q1: What is the current size of the Food Service Market?
A: The Food Service Market was valued at US$ 2116.92 billion in 2023 and is forecasted to reach US$ 4513.21 billion by 2031
Q2: How rapidly will the Market expand?
A: The Food Service market is projected to grow at a CAGR of 9.82% between 2025 and 2032.
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