Future of Foodservice Industry by Channel, Trends, Profit and Cost Metrics, Outlet-Type, Transactions, Growth Dynamics and Forecast to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
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
To Get a Snapshot of the Future of Foodservice Market Report
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)
Buy the Full Report for More Insights on the Foodservice Market Forecast
Download A Free Sample Report
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 |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
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.
Buy the Full Report for more Insights into the Future of Foodservice Industry
Download A Free Sample Report
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
Buy the Full Report for More Regional Insights into the Foodservice Market
Download A Free Sample Report
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 (%)
Buy the Full Report for More Channel Insights into the Foodservice Market
Download A Free Sample Report
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 (%)
Buy the Full Report for More Information on the Cost Sectors in the Foodservice Market
Download A Free Sample Report
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
Buy the Full Report for Additional Information on the Foodservice Market Players
Download A Free Sample Report
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.
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
Frequently asked questions
-
What was the profit sector market size in 2022?
The global profit sector market size was $3.7 trillion in 2022.
-
What will the profit sector growth rate be during the forecast period?
The profit sector will grow at a CAGR of over 7% during 2022-2027.
-
Which was the leading profit sector channel in the foodservice market in 2022?
FSR was the leading profit sector channel in the global foodservice market in 2022.
-
What cost sector channel had the highest share in the foodservice market in 2022?
The education sector had the highest share in the foodservice market in 2022.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.