Global Food Service Market 2018-2023

Report ID : RC-663 Category : Food And Beverages
Published Date : Sep-18 Pages : 113 Format : PDF
Overview of the global Food Service market         
Technavio?s market research analyst predicts the global Food Service market to grow at a CAGR of more than 5% by 2022. With people becoming more health-conscious, several restaurants, caf?s, and non-commercial food service outlets have started serving nutritious and healthy meals, which helps consumers in reducing their total calorie intake. They often serve half or full-size salads containing fresh fruits and vegetables, which not provides healthy food intake to consumers but also increases their market shares. The market is expected to witness steady growth in the coming years with the growing demand for customized food menus and fresh-quality ingredients in the foods served.

The vendors in the market are coming up with innovations in packaging for the home delivery and takeaway food. They are implementing several types of innovative packaging like biodegradable packaging and compostable packaging for food products. Corrugated packaging is the most preferred form of packaging owing to their thermal properties and ability to keep the food fresh for long. The corrugated packaging also protects the food from spills and releases. Several players in the market have started using sustainable packaging and are now opting for reusable or recyclable substances. 

Segmentation by sector and analysis of the Food Service market
The commercial Food Service segment dominated the market in 2016 and accounted for around 80% of the overall market share. The growth of this segment can be attributed to the increased demand for customized food menu offerings due to the hectic lifestyles of consumers. Many customers prefer having their food in quick service restaurants, fast-casual restaurants, and caf?s that offer minimal sitting arrangements. Owing to the increasing preference for home delivery and takeaway food, vendors are increasingly investing in various convenient packaging designs to cater to the changing demands of consumers.

Geographical segmentation and analysis of the Food Service market
North America
APAC will continue to be the highest revenue-generating region in the market during the forecast period and is expected to occupy more than 42% of the overall market share by 2022. Food Service outlets are predominantly changing their menus and are spending more on promotional activities to attract more people and expand their consumer base in APAC. Factors such as the overall economic growth of the region and increase in consumer income level will lead to an increase in the number of customer visits to restaurants, caf?s, and bars for social gatherings during the forecast period.

Competitive landscape and key vendors
This market is highly fragmented because of the presence of numerous small and large market players. The presence of multiple market players in both commercial, as well as non-commercial Food Service sectors, has made it difficult to retain customers' loyalty. The market is heterogeneous in nature and comprises of vendors who compete in terms of pricing strategy, product and packaging innovation, service, quality of food, menu variation as well the calories intake per meals. The growing competition in the market has propelled Food Service companies to come up with customized solutions, menus, and services coupled with attractive customer loyalty-based offers to retain high-value customers.

Key vendors in the market are -

Compass Group North America
Guest Services
Restaurant Brands International
Yum! Brands

Other prominent vendors in the Food Service market include Abela & Co, Arby's Restaurant Group, Autogrill Group, AVI Foodsystems, Ben E. Keith, BiRite Food Service Distributors, Bon App?tit Management, Brock & Co., CulinArt, Carl's Jr. Restaurants, Church's Chicken, Dairy Queen, Del Taco Restaurants, Dicos, Gordon Food Service, In-N-Out Burger, Jack in the Box, Jollibee Foods, Little Caesars, MOS Food Services, Mr. Lee, Papa John's, Popeyes Louisiana Kitchen, Services Group of America, Sonic Drive-In, Sysco Corporation, Telepizza, Truitt Bros, Whataburger, and White Castle.
PART 01: Executive summary

Macroeconomic trends in Food Service industry
Key performance operational parameters for growth of the food service industry
Marketing mix for Food Service industry
PART 02: Scope of the report

Market overview
PART 03: Market research methodology

Research methodology
Economic indicators
PART 04: Introduction

Key market highlights
PART 05: Market landscape

Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by sector

Global Food Service market by sector
Global commercial Food Service market
Global non-commercial Food Service market
PART 07: Market growth opportunity assessment for key Food Service sectors

Opportunity analysis for key Food Service sectors
PART 08: Market growth outlook of various types of Food Service systems

Overview of Food Service systems
Conventional Food Service system
Centralized Food Service system
Ready prepared Food Service system
Assembly-serve Food Service system
PART 09: Geographical segmentation

Global Food Service market by geography
Food Service market in APAC
Food Service market in North America
Food Service market in Europe
Food Service market in ROW
PART 10: Key leading countries

PART 11: Market drivers

Growing innovation and customization in food menus
Introduction of nutritious meals in food menus
Increase in marketing initiatives
Growing demand for gluten-free dining
Changing lifestyles and demand for on-the-go food
PART 12 : Impact of drivers

PART 13 : Market challenges

Fluctuations in food commodities prices
Threat of contamination of raw materials
Home-cooked meals as a potential substitute
Adherence to stringent regulations and guidelines
Risks associated with suppliers
PART 14 : Impact of drivers and challenges

PART 15 : Market trends

Innovations in packaging for home delivery and takeaway food
Embracing technology
Growing popularity of fast-casual restaurants
Dual-income households in emerging economies
PART 16 : Competitor analysis

Competitive scenario
Key news
Key market players
Competitive positioning assessment for commercial Food Service players
Competitive positioning assessment for non-commercial Food Service players
Aramark Corporation
Compass Group North America
Guest Services
Restaurant Brands International
Yum! Brands
Other prominent market players

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