Food Service Market Overview:

The research conducted a micro-level examination of each country to determine the overall size of the Food Service market by countries and segments. A bottom-up approach is used to calculate the size of regional and global markets. Both paid and unpaid databases are used in the secondary research and analysis. Each participant's supply and consumption data are derived from official government databases, third-party databases, and, in the case of publicly traded companies, the company's annual reports. If a firm's annual reports are not made public, they can be obtained from the local government's tax division.

The most common foodservice type is full-service restaurants, which account for roughly half of the global market share and are driving expansion alongside the quick-service restaurant segment. The full-service restaurant market is concentrated in the top ten most populous countries, which account for more than 80% of the global market. China leads the way (37%), followed by the United States (28%), and Japan (7%), with Italy leading the way in terms of market value among European countries. When it comes to ownership (chains vs. independent), chains account for more than 30% of the global market, with Asia Pacific and Europe growing faster than the rest of the world. North America, on the other hand, has the highest chain penetration (55 percent).

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Food Service Market Research methodology:

To estimate and validate the size of the global Food Service market, top-down and bottom-up approaches are used. Players closely adhere to various industry classification criteria to compile a comprehensive list of functional and relevant players. A rigorous validation test is also carried out to identify the most relevant competitors for the survey in the Food Service market. Priority lists are ordered based on revenue generated based on the most recent reporting using paid databases such as Factiva, Bloomberg, and others.

Finally, the questionnaire was established and specifically designed to meet all requirements for gathering primary data via prior appointment, with a focus on the primary target categories, including This helps us collect data on player revenue, operational cycle and spending statistics, profit, and product or service growth, among other things. Most data—roughly 70-80 percent—is gathered through primary media and then verified through secondary sources such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and so on.

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Food Service Market COVID 19 Impact:

COVID-19 can have three major effects on the global economy: direct changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Following the COVID-19 issue, our researchers, who are monitoring the situation globally, predict that the market will present producers with enticing opportunities. The report's goal is to highlight the sector-wide effects of the current environment, the economic downturn, and COVID-19 in greater detail.

Top 10 most ordered cuisines:

Food delivery statistics in Italy exploded in 2021, with over a 30% increase in restaurant-delivery platform partnerships, a 27% increase in service territory coverage, and a coverage rate of roughly 70% of the Italian population. Millennials (58%) continue to be the most likely to order food for delivery, with a clear preference for pizza.

Along with rising demand for fast food and casual dining, rising consumer awareness of QSRs is one of the primary forces driving the growth of the chained foodservice market. In terms of event type, the Retail category leads the way, followed by Entertainment, with the spread of grocerant formats playing an important role. In terms of consumption modes, however, delivery has grown at a double-digit rate over the last five years.

Food Service Market Key players:

Aramark Corporation
Compass Group North America
Doctor’s Associates Inc.
Domino’s
McDonald’s Corp.
Restaurant Brands International
Seven & I Holdings Co. Ltd.
Sodexo
Starbucks Corporation
Yum! Brands Inc
Food Service Market Regional Analysis:

Based on geography, the Food Service market is segmented into 5 main regions, and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.

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