Kings Research has recently published its report on the global Food Service market, which finds that the market revenue is expected to reach USD 6,791.31 billion by 2030 from USD 5,461.17 billion in 2022, with a remarkable 2.82 % CAGR over the forecast period from 2023 to 2030.
This comprehensive research study on the global Food Service market gives detailed insights into the sector, offering a detailed analysis of market trends, prominent drivers, and future growth prospects. To make wise business decisions, it gives readers an extensive understanding of the market environment. Furthermore, the report covers several aspects, such as estimated market sizing, strategies employed by leading companies, restraining factors, and challenges faced by market participants.
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Food Service Market Definition-
Food service refers to the industry and process of preparing, serving, and delivering food and beverages to consumers. It encompasses a wide range of establishments, from restaurants, cafes, and fast-food outlets to catering services, food trucks, and institutional dining facilities.
Market Forecast and Trends:-
The report’s precise market forecasts and identification of emerging trends will allow readers to foresee the industry’s future and outline their tactics for the following years accordingly. Understanding market trends can help in gaining a competitive edge and staying ahead in a fast-paced business environment.
Investment and Expansion Opportunities:-
The research report supports strategic decision-making by revealing prospective areas for investment and business growth in the global Food Service market. This report is a great tool for finding markets that are foreseen to grow substantially for aiding readers who want to expand into new and untapped markets or launch new products.
Competitive Analysis:-
The research report comprises an in-depth competitive analysis, which profiles major market competitors and evaluates their tactics, weaknesses, and market shares. These key players employ top business strategies, such as partnerships, alliances, mergers, acquisitions, product innovations, and product development, to establish a competitive advantage. Industry participants may use this information to measure their business against rivals and develop winning strategies for distinguishing themselves in the market.
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- Amoy Food Limited
- Aramark Corporation
- Compass Group PLC
- Darden Concepts, Inc.
- Domino’s IP Holder LLC
- Mitchells & Butlers
- McDonald’s
- Starbucks Coffee Company
- Wendy’s Company (Quality Is Our Recipe, LLC)
The Global Food Service Market is divided into the following segments:
By Service Type
- Commercial
- Non-commercial
By System Type
- Conventional
- Ready Prepared
- Centralized
- Assembly Serve
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
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Regional and Segment Analysis:-
The study on the global Food Service market will aid industry participants find high-growth regions and profitable market segments through region-specific and segment-by-segment analysis. This information helps in implementing better marketing strategies and product lineups to meet the preferences and needs of various target audiences. The major regions covered in this comprehensive analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Why Buy This Report?
● Obtain an in-depth understanding of market trends and growth catalysts.
● Utilize precise market forecasts for informed decision-making.
● Outperform competitors through extensive competitive analysis.
● Identify and leverage profitable regional and segment prospects.
● Strategically plan investments and expansions in the global Food Service market.
Key Developments
August 2022 (Acquisition)– Cliff Bar & Company, a large manufacturer of nutritious energy and snack bars, was acquired by Mondelēz International, Inc. The motive for the acquisition was to expand the business line across the region.
December 2022 (Acquisition) — An agreement was signed by Wells Enterprises and Ferrero Group for the acquisition of Wells Enterprises by Ferrero Group. Wells Enterprises is a large-scale ice cream brand expert. Ferrero Group aims for strategic expansion with this acquisition.
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Table of Content-
1 Introduction of the Global Food Service Market
2 Executive Summary
3 Research Methodology
4 Global Food Service Market Outlook
5 Impact of Russia-Ukraine War
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