According to IMARC Group’s latest report, titled “Food Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 2,334 Billion in 2020. Food service represents the sale of food and beverages that are primarily prepared for immediate consumption or for takeaways and home deliveries. It includes commercial and non-commercial outlets, such as cafeterias in schools and hospitals, fine dining restaurants, etc. Food service majorly includes ready-prepared systems, where the food is prepared onsite and kept frozen until required, and assembly-serve systems, where pre-prepared foods are purchased, stored, assembled, and served to the consumer. This system offers convenience, a wide variety of food options, professional management, etc.
Request for a PDF sample of this report: https://www.imarcgroup.com/food-service-market/requestsample
The escalating demand for customized food menu options is one of the significant factors driving the food service market. Furthermore, consumers are being offered numerous alternatives to customize their meals as per their taste, dietary, and budget preferences, which is propelling the market growth. Besides this, the shifting preferences of working individuals towards hassle-free, nutritious, and hygienic food items that are readily available across diverse distribution channels are catalyzing the product demand. In addition to this, the rising penetration of commercial restaurants and cafés owing to the emerging trend of casual dining is further augmenting the growth of the food service market. Additionally, several other factors, including the increasing number of working women, inflating disposable incomes, improving distribution channels, etc., are expected to fuel the food service market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Checkout Now: https://www.imarcgroup.com/checkout?id=1310&method=1
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Sector:
Breakup by Systems:
- Conventional Foodservice System
- Centralized Foodservice System
- Ready Prepared Foodservice System
- Assembly-Serve Foodservice System
Breakup by Types of Restaurants:
- Fast Food Restaurants
- Full-Service Restaurants
- Limited-Service Restaurants
- Special Food Services Restaurants
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/food-service-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2021-2026) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
Swine Feed Market: https://www.imarcgroup.com/swine-feed-market
Banana Powder Market: https://www.imarcgroup.com/banana-powder-manufacturing-plant
United States Food Enzymes Market: https://www.imarcgroup.com/united-states-food-enzymes-market
Rice Bran Oil Market: https://www.imarcgroup.com/rice-bran-oil-processing-plant
North America Ice Cream Market: https://www.imarcgroup.com/north-america-ice-cream-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us: IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: [email protected] Tel No:(D) +91 120 433 0800 Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800