Press release
Analysis of Key Market Segments Influencing the Food Away From Home Market
Food Away From Home Market
Expected Market Size and Growth Projection for the Food Away From Home Market
The food away from home market is forecasted to expand steadily, reaching a valuation of $5677.68 billion by 2029. This growth corresponds to a compound annual growth rate (CAGR) of 4.1%. Several elements contribute to this positive outlook, including regulatory frameworks, economic trends, increased interest in culinary experiences, the surge of online food delivery services, and increasingly busy lifestyles. Key trends anticipated during the forecast period include the rise of contactless and digital ordering systems, the proliferation of ghost kitchens and virtual restaurant brands, a stronger focus on sustainability and environmentally friendly practices, integration of advanced technologies, and growing demand for plant-based and alternative protein options.
Download a free sample of the food away from home market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17153&type=smp
Prominent Players Leading the Food Away From Home Industry
The food away from home market features numerous influential companies that dominate the landscape. Notable names include Starbucks Corporation, Compass Group PLC, Sodexo, McDonald's, Aramark, Subway IP LLC, Darden Concepts Inc., Chipotle Mexican Grill, Yum Brands, Restaurant Brands International Inc., Zensho Holdings Co. Ltd., Whataburger, Domino's Pizza, Panda Restaurant Group Inc., Brinker International Inc., Greene King, SATS Ltd., Burger King Company LLC, Papa John's International Inc., Shake Shack, and Jubilant FoodWorks.
A significant recent development occurred in May 2024 when Restaurant Brands International Inc., a Canadian quick-service restaurant giant, acquired Carrols Restaurant Group, Inc. for $1.0 billion. This acquisition strengthens RBI's presence in the United States fast food hamburger and chicken sectors. Plans to refurbish and refranchise the acquired outlets aim to boost RBI's brand visibility and improve relationships with franchisees. Carrols Restaurant Group operates over 1,000 Burger King and Popeyes restaurants across the US, positioning RBI for enhanced market penetration.
View the full food away from home market report:
https://www.thebusinessresearchcompany.com/report/food-away-from-home-global-market-report
Technology-Driven Trends Shaping the Future of the Food Away From Home Market
Leading companies in this sector are actively adopting cutting-edge technology by embracing an "AI-first" strategy to optimize operational efficiency and support their workforce. This approach involves embedding artificial intelligence throughout fast-food chains to lower costs, speed up processes, and enhance customer service.
For example, in April 2024, Yum! Brands unveiled its SuperApp platform, an AI-driven smartphone application designed specifically for restaurant managers. This tool is already deployed in more than 8,700 Pizza Hut and KFC locations. The app allows staff to interact with a generative AI chatbot to resolve operational questions, like adjusting oven temperatures, without relying on traditional manuals. Additionally, employees can manage schedules and place supply orders through the app, streamlining restaurant operations.
Detailed Market Segmentation and Forecast for the Global Food Away From Home Industry
This market analysis breaks down the food away from home industry into several key segments for better insight:
1) Occasion Type: Entertainment, Travel, Retail, Freestanding
2) Ownership Type: Independent establishments and Chains
3) Delivery Model: Dine-In, Takeaway, Home Delivery
4) Application: Restaurants, Schools and Colleges, Hotels and Motels, Retail Stores and Vending, Other Uses
Further subcategories include:
- Entertainment: Theater dining, concert and event catering, amusement park food services, sports venue concessions, cinema food and beverage services
- Travel: Airport dining, railway station outlets, highway rest stop restaurants, onboard catering (airlines, trains, cruises), hotel restaurants
- Retail: Food courts, in-store cafes, supermarket and grocery deli counters, convenience store food services, specialty retail cafes like those in bookstores
- Freestanding: Casual and fine dining restaurants, fast food outlets, food trucks and street vendors, coffee shops and cafés
This detailed segmentation provides a comprehensive framework to understand market dynamics and opportunities within the food away from home sector worldwide.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Analysis of Key Market Segments Influencing the Food Away From Home Market here
News-ID: 4324958 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Food
Food Ultrasound Market Food Ultrasound Market
According to a new report by InsightAce Analytic, the "Food Ultrasound Market" in terms of revenue was estimated to be worth $156.24 Mn in 2023 and is poised to reach $310.45 Mn by 2031, growing at a CAGR of 9.14% from 2024 to 2031.
Request For Free Sample Pages:
https://www.insightaceanalytic.com/request-sample/1551
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global Food Ultrasound Market are:
• Food Safety and Quality Assurance.
• Increasing Consumer…
Prepared Food Market To Witness Huge Growth By 2028 | HSL Food, HelloFresh, Syne …
The Latest survey report on Prepared Food Market sheds lights on changing dynamics in Food & Beverages Sector and elaborates market size and growth pattern of each of Prepared Food segments. As the shift to value continues, the producers are tackling challenges to personalized nutrition and match taste profiles. A wide list of manufactuerers were considered in the survey; to include mix bag of leaders and emerging manufacturers for company…
Cookies for Food Services Market Is Booming Worldwide | Finsbury Food Group, Mon …
Cookies for Food Services Market: The extensive research on Cookies for Food Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Cookies for Food Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Global Sports Food Market By Type (Protein Sports Food, Energy Sports Food, Misc …
The Global Sports Food Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Sports Food Market report aims to provide an overview of Sports Food Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Sports Food Market Economy…
Global Packed Food Market 2018 Analysis By Key Players – JBS Food, Kraft Food, …
Summary
WiseGuyReports.com adds “Packed Food Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
This report provides in depth study of “Packed Food Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Packed Food Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as…
Pet Food Market (By Food Type, By Animal Type, By Region, By Country) of Food Ty …
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global pet food market on the basis of Food Type (Dry, Wet, Snacks, Mixers); Animal Type (Dog Food, Cat Food, Fish Food, Others), By Region (North America, Europe, APAC, ROW) and By Country (U.S.A, Canada, UK, Germany, Japan, India, China, France).
Global Pet Food…
