Future of Foodservice Industry by Channel, Trends, Profit and Cost Metrics, Outlet-Type, Transactions, Growth Dynamics and Forecast to 2027

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Explore the following trends and analysis from our ‘Future of Foodservice’ market report:

  • Identify the trends shaping the foodservice industry to enhance convenience for consumers​.
  • Analyze the major profit sector and cost sector channels used in the foodservice industry.
  • Assess the performance of each channel and get information on their historic and forecast growth or decline, key players within the channel, consumer segment analysis, case studies, and key drivers of future performance.
  • Get a regional overview of the profit sector channels.

How is our ‘Future of Foodservice’ report unique from other reports in the market?

  • Identify the emerging/declining sectors of the foodservice market over the next five years and make informed business decisions.
  • Understand the needs of the target demographics through consumer segmentations that offer details of their desires across all major foodservice channels (QSR; FSR; coffee & tea shop; and pub, club, & bar).
  • Get an in-depth evaluation of the global foodservice market, including an analysis of the key issues impacting the industry as well as opportunities for sector participants to help them gain a competitive edge.

We recommend this valuable source of information to anyone involved in:

  • Restaurant Chains
  • Retail Groups
  • Food Delivery Aggregators/Food Delivery Start-Ups
  • Head of Market Intelligence/ Management Consultants/Business Development
  • Investment firms, Equity Partners/Venture Capital firm

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Future of Foodservice Market Report Overview

The global foodservice profit sector recorded sales of $3.7 trillion in 2022. The sector witnessed a decline in sales during 2017-2022 due to pandemic-related restrictions. However, the rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% during the forecast period.

Foodservice Profit Sector Outlook 2022-2027, (USD Trillion)

Foodservice Profit Sector Outlook 2022-2027, (USD Trillion)

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The ‘Future of Foodservice’ market research report provides an in-depth evaluation of the global foodservice market, including an analysis of the key issues impacting the market and the opportunities they present for the sector participants. The report includes data and forecast of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) across geographies. It also gives an overview of market leaders within the four major profit sector channels.

Market Size (2022) $3.7 trillion
CAGR (2022-2027) >7%
Historical Period 2017-2022
Forecast Period 2023-2027
Key Profit Sector Channels ·        Full-service Restaurant (FSR)

·        Quick-service Restaurant (QSR)

·        Workplace

·        Accommodation

·        Pub, Club & Bar

Key Regions ·        Asia-Pacific

·        Eastern Europe

·        Western Europe

·        Americas

·        Middle East & Africa

Key Outlet Type ·        Dine-in

·        Takeout

Key Owner Type ·        Independent Operators

·        Chain Operators

Key Cost Sector Channels ·        Education

·        Healthcare

·        Military & Civil Defense

·        Welfare & Services

·        Complimentary Services

Key Companies ·        Yum! Brands

·        Darden Restaurants

·        Dine Brands

·        Restaurant Brands International

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Foodservice Market Trends

  • Focus on sustainability: Consumers are displaying an increased awareness of and preference for establishments that prioritize sustainability, encouraging businesses to incorporate ethical and environmentally conscious practices into their operations.
  • Digital Transformation: Operators have been investing in digital capabilities to enhance their in-store dining experience. They have been offering app-exclusive promotional deals and enabling consumers to order their food and drinks on the mobile app – customer engagement through online channels has become the norm.

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Foodservice Market Segmentation by Regions

APAC foodservice profit sector will register strong growth during 2022 and 2027

The key regions in the foodservice profit sectors are Asia-Pacific, Western Europe, Eastern Europe, the Americas, and the Middle East & Africa. APAC was the largest foodservice market in 2022 and is expected to grow at a CAGR of more than 7% during the forecast period. Rising investments by global chain operators such as McDonald’s, Domino’s, and Starbucks to expand their footprint in Asia-Pacific is predicted to drive the sector’s growth. Moreover, continuous expansion by regional chain operators to other countries, to minimize their risks due to volatile macroeconomic conditions, will drive the sector’s growth during the forecast period. For instance, Cotti Coffee, a coffee & tea shop that was launched in China in 2022, entered South Korea, Indonesia, and Japan in 2023.

Foodservice Market Analysis by Regions

Foodservice Market Analysis by Regions

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Foodservice Market Segmentation by Profit Sector Channels

The FSR was the largest profit sector channel in 2022 by value sales

The key profit sector channels in the foodservice market are FSR; QSR; accommodation; leisure; pub, club & bar; and retail. In 2022, the FSR was the leading profit sector channel, with a value share of over 38%, followed by QSR. Consumers’ desire to experiment with different cuisine types urges operators to include a variety of cuisines in their menus, driving the sector’s growth during the forecast period.

Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

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Foodservice Market Segmentation by Cost Sector Channels

Education was the largest cost sector channel in 2022

The key cost sector channels in the foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. In 2022, education was the largest cost sector, followed by healthcare, and military & civil defense.

Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

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Foodservice Market – Competitive Landscape

Yum! Brands was the largest FSR operator globally in 2022

The key foodservice companies are:

  • Yum! Brands
  • Darden Restaurants
  • Dine Brands
  • Restaurant Brands International

Yum! Brands was the largest FSR channel operator globally in 2022. Yum! Brands operates the Pizza Hut franchises and has 17,007 outlets as of December 2022. The operator offers a variety of pizza bases, such as vegan stuffed crust and classic mozzarella-packed stuffed crust. The operator focuses on increasing its footprint through new product launches. For instance, Pizza Hut collaborated with an alternative dairy brand, Violife, to deliver vegan cheese for delivery across the UK in August 2022. The partnership was made to offer more meat-free options to vegan consumers while maintaining the branding and flavor.

Foodservice Market Analysis by Competitors

Foodservice Market Analysis by Competitors

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Foodservice Market – Latest Developments

  • In January 2022, Pizza Hut introduced three new pizzas in the US, namely Spicy Double Pepperoni, Spicy Hawaiian Chicken, and Spicy Veggie, all targeting consumers who prefer spicy flavors.

Segments Covered in the Report

Foodservice Market Outlook by Profit Sector Channel (Value SGD Billion, 2017-2027)

  • Full-service Restaurants (FSR)
  • Quick-service Restaurants (QSR)
  • Pub, Club & Bar
  • Retail
  • Accommodation

Foodservice Market Outlook by Cost Sector Channels (Value, SGD Billion, 2017-2027)

  • Military & Civil Defense
  • Healthcare
  • Education
  • Welfare & Services
  • Complimentary Services

Scope

QSR was the second-largest channel in global foodservice profit sector in 2022, with a value share of 29.2%. Over 2017–22, the channel’s sales declined at a negative CAGR of 2% and totaled and totaled $1,074.4 billion in 2022.

Valued at $1,436.4 billion in 2022, FSR is the largest channel in the global foodservice profit sector. The channel accounted for a 39% share of total profit sector revenue in 2022. Due to pandemic-related restrictions, the channel decreased at a negative CAGR of 0.6% during 2017–22. Furthermore, the number of transactions declined at a negative CAGR of 1% over the period.

The coffee & tea shop channel posted value sales of $197.4 billion in 2022, after decreasing at a negative CAGR of 1.2% during 2017–22. Over the latter period, the number of transactions also fell, contracting at a negative CAGR of 0.4%, while the number of outlets achieved a CAGR of 4.2%. Milk, carbonates, and packaged water are the channel’s most popular options in terms of non-alcoholic beverages.

Pub, club & bar accounted for 8.6% of profit sector value sales in 2022. The channel contracted at a negative CAGR of 5.4% during 2017–22, from $419.3 billion to $317.5 billion. This reflected the negative impact on consumer spending of COVID-19 restrictions and high inflation.

McDonald's
Yum! Brands
Restaurant Brand International
Darden Restaurants
Starbucks
Dunkin' Brands Group
Dine Brands Global
Tim Hortons
Stonegate Group
Heineken (Star Pubs & Bars)
Greene King

Table of Contents

Introduction

Report Guide

Executive Summary

Foodservice Industry Trends

Profit Sector Metrics

Overview

Key Metric Highlights

Value Growth by Channel

Outlets and Transactions Growth by Channel

Operator Buying Volumes and Growth by Channel

Outlet-Type and Owner Type Growth Dynamics

Historic & Future Channel Performance Dynamics

Profit Sector by Channel

Quick-Service Restaurant (QSR)

Summary & Key Points

Metrics

Key Players

Who?

Why?

What?

Where?

What Next?

Full-Service Restaurant (FSR)

Summary & Key Points

Metrics

Key Players

Who?

Why?

What?

Where?

What Next?

Coffee & Tea Shop

Summary & Key Points

Metrics

Key Players

Who?

Why?

What?

Where?

What Next?

Pub, Club & Bar

Summary & Key Points

Metrics

Key Players

Who?

Why?

What?

Where?

What Next?

Cost Sector Metrics

Cost Operator Trends – Historic and Future Growth

Data and Channel Share Breakdown

Region Deep-Dive

Appendix

Frequently asked questions

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