According to a market report by Lucintel, the future of the global food service market looks promising with opportunities in the commercial and non-commercial markets. The global food service market is expected to reach an estimated $3.4 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are shifting consumer tastes and evolving lifestyles, increase in the number of millennial professionals in the workforce, and emerging technological innovations transforming the global food sector.
In this market, fast
food restaurants, full-service restaurants, limited service restaurants, and
special food services restaurants are the major segments of global food service
market by type. Lucintel forecasts that full-service restaurants are expected
to be the largest segment over the forecast period because they helps in
presenting an abundant and varied array of menu choices, accommodating a broad
spectrum of palates and desires, as well as affording patrons the opportunity
to relish a holistic culinary journey all under a single roof.
Within this market, commercial
will remain the larger segment due to its diversified offerings, extensive
clientele, expert administration, and forward-thinking methodology and it also
provide the business enterprises with a broad spectrum of dining choices and
gastronomic adventures.
APAC will remain the
largest region over the forecast period due to rapid urbanization, rising
disposable income, adoption of western culture, and increasing desire for
dining out and embarking on fresh culinary experience in the region.
Aramark Corporation, Doctor’s Associates,
Domino’s, McDonald’s, Restaurant Brands International, Seven & I Holdings,
Sodexo, Starbucks Corporation, Yum! Brands, and Westlife Development are the
major suppliers in the global food service market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports:
1. United States Residential Humidifier Market
2. Virtual Reality Headset Market
3. Household Appliances Market
9. LED Market:
No comments:
Post a Comment