Vision
Value
Visibility Report Code :FB 1048
2016-2024
Global Food Service Industry Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
+1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
www.goldsteinresearch.com
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Executive Summary
Sample Request Global Food Service Industry Market Share(%), By Region-2016-2024
Global Food Service Industry Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
XX%
e l p
XX%
XX%
XX%
XX%
2017e
2018f
2019f
Source: Goldstein Research
2020f
2021f
2022f
2023f
2024f
m a S
Ready Prepared Food Service Systemaccounted for the highest market share XX% in Food In 2016,
Service Industry System Type Market
Global Food Service Industry Market Share(%), By System Type-2016
XX%
XX%
XX%
XX%
Centralized Food Service System
Ready Prepared Food Service System
XX%
XX%
Assembly Food Service System
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
North America
XX%
Asia-Pacific
XX%
XX%
Source: Goldstein Research
XX%
Latin America
XX% Europe
Middle East & Africa
Source: Goldstein Research
With
XX% share in 2016, North America region dominated the collective Global Food Service Industry market
Population Growth And Dietary Changes Impact Food Demand
Global Food Service Industry Market Share(%), By Types of Restaurants-2016
Conventional Food Service System
2024
2016
XX%
2016e
XX%
Food Consumption Increase (kcal/person/day)
Population Increase by 2050 (billions)
Fast Food Restaurants Full Service Restaurants Limited Service Restaurants Special Food Services Restaurants
XX XX XX XX XX XX XX XX Developed Countries
Source: Goldstein Research
www.goldsteinresearch.com
XX XX XX XX XX XX XX XX XX
Key Findings
Sample Request
The global Food Service Industry market accounted for USD XX billion in 2016 and tends to reach the valuation of USD XX billion by 2024 at a CAGR of XX% over the forecast years owing to the fact that people taste and demand for extensive options in food menu has increased, and it is expected to keep growing in order to experience global food taste.
Experimenting Taste
Global full service restaurants are expected to grow at a rate of XX% annually, on the back of growth in the customers recorded to enter these restaurants, inclining towards the different food and their nutritional value with authentic and sophisticated services. Global food service industry is shifting towards sustainability. As per the analysis, 60% of restaurant kitchen use startup or shut down schedules in order to reduce the energy waste from kitchen equipment.
Public Places
There have been XX number of new establishments in 2016 of international food-chain outlet in Asia-Pacific region, marking the exponential growth rate of APAC food service industry market. In 2016 of the total food outlets globally, XX% increase in independent restaurants and food outlets was recorded, which catered XX% of global population. Increasing number of people working hours was the major impacting factor in the attraction of people towards food service providers.
Food Supply
Transportation and logistics plays an vital role in the success of global food service industry market, from procuring the raw materials to delivery of food to customers. Transportation and logistics sector contributed XX% market share in the progression of global food service industry market.
Asia-Pacific & Latin America Food Service Industry Market (USD Billion)
Copyright
Asia-Pacific
Latin America
2016
XX Billion
XX Billion
2024
XX Billion
XX Billion
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Logistics and Transportation
Nutrition Awareness
Global Food Service Industry Market Size (USD Trillion) & Growth Analysis Global Food Service Industry Market Size (USD Trillion)-2016-2024 XX
XX
XX% XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX%
XX
XX
XX%
XX
XX%
XX XX
XX
XX
XX XX
Global Food Service Industry Market Y-O-Y Growth (%) Analysis-2016-2024
XX
XX
XX%
m a S
XX% XX%
XX% XX% XX% XX% XX%
XX% XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
 Global Food Service market tends to increase at a CAGR of XX% over the forecast period i.e. 2016-2024 and reach the market value of USD XX Trillion by 2024. Food service industry growth is impacted by the consumers taste and preferences, share of people income spend on food consumption, food service outlet establishments worldwide, supply of raw materials along with efficiency of transportation and logistics, skilled people in food service industry, economic policies and government positive sentiments towards food service industry and attractive investments being the major impacting factors.  Globally XX% of global population was served by the food service industry in 2016. The continuous development in the establishment of new outlets and expansion of existing outlets, penetration and acceptance of various country food categories in the menu and improvement in the extended services provided to the customers are the factors that can contribute to year on year growth of global food service industry. Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
2024
Market Dynamics
Growth Drivers
Growth in online food ordering and delivering services
Sample Request
Growth Barriers
Sophisticated services for customers
General Trend
Highly Complex
Moderately Complex
Waived
Advancement Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Impacting Factors of Food Service Industry
Sample Request
Drivers of Food Service Industry Growth in supporting industries such as travel and tourism industry, logistic and transportation industry are impacting the growth of global food service industry market. Development of infrastructure benefitting the operations of food service industry, such as buildings construction, connectivity. Personal disposable income of people, highly impact the growth of food service industry. People of high income bracket tends to spend more than the others for which they require the high quality of services rendered to them. Changing food landscape as a result of acceptance of foreign food categories, is diversifying the food service industry operations. Restaurant scene in South East Asian countries is getting vibrant as rated by the Michelin Guide. Franchising of local and international food services is in trend to expand the business globally and also provides business opportunities to people.
Source: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
With the technology advancement, growth in online food ordering is increasing. The global food industry market is witnessing this opportunity to cater the small town that are far away to access the improving food services in developed cities. www.goldsteinresearch.com
Global Full Service Restaurants Market, 2016-2024 Global Full Service Restaurants Market Size (USD Billion)-2016-2024 XX
XX
Global Full Service Restaurants Market Y-O-Y Growth (%) Analysis-20162024 XX% XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX%
XX
XX
XX%
XX
XX%
XX XX
XX
XX
XX XX
Sample Request
XX
XX
XX%
m a S
XX% XX%
XX% XX% XX% XX% XX%
XX% XX%
XX%
XX
XX% XX%
XX
XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
Copyright
All Rights Reserved, Goldstein Research
2018
2019
2020
2021
2022
Source: Goldstein Research
Global full service restaurants market was USD XX billion in 2016, expected to attain the growth rate of XX% over the forecast period and reach USD XX Billion by 2024. North America dominated Food Service Industry market owing to the its large economy and established food service outlets that caters majorly the working and student population. In near future, Asia-Pacific region is expected to dominate the full service restaurants market on the back of globalization that attracts entry of new players.
2017
Global Full Service Restaurants Market Share, 2016 XX%
North America XX% Europe
XX%
Latin America Asia XX%
XX%
Source: Goldstein Research www.goldsteinresearch.com
Middle East and Africa
2023
2024
Global Food Service Industry Market Attractiveness and BPS Analysis by Type of Restaurant, 2016-2024 Sample Request Global Food Service Industry Market Attractiveness-By Product Type, 2016-2024
Global Food Service Industry Market BPS Analysis- By Product Type, 20162024 XX
XX
XX XX
XX XX%
XX XX
XX XX
XX
32.00%
XX XX
XX
XX XX
XX XX
XX
XX
XX
XX
XX
XX
Limited Service Restaurants
Full Service Restaurants
Fast Food Restaurants
Special Food Services Restaurants
Source: Goldstein Research
XX
27.00%
24.00%
2016
2024
XX
e l p
Special Food Services Restaurants Fast Food Restaurants
Limited Service Restaurants
Full Service Restaurants
Source: Goldstein Research
ďƒ˜ According to Goldstein Research, full service restaurants holds largest market owing to highly attractive to consumers to cater the food services as compared to other food service providers. Full service restaurants global market size is expected to reach USD XX million by 2024 and is most attractive market for new players to enter. ďƒ˜ Full service restaurants tends to capture the large market share in the near future on the expense of fast food restaurants on account of declining preference for fast food from the consumers, as they have become more aware towards their diet and nutrition content.
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
India Food Service Industry Market Size (USD Billion) & Y-O-Y growth (%), 20162024 Sample Request India Food Service Industry Market Size (USD Billion). 2016-2024
India Food Service Industry Market Y-O-Y Growth Rate, 2016-2024 XX
XX%
XX
CAGR: (2016-2024)
XX XX 2016f
2017f
XX
2018f
Source: Goldstein Research
XX
2019f
XX
XX%
XX
XX
m a S
2020f
2021f
2022f
2023f
2024f
2016e
e l p XX%
XX%
2017e
2018f
XX%
2019f
XX%
2020f
XX%
XX%
XX%
XX%
2021f
2022f
2023f
2024f
Y-o-Y
Source: Goldstein Research
India food service industry market tends to reach the valuation of USD XX billion by 2024 at a growing CAGR of XX% over the forecast year as India .is one of the fastest growing economies in the world, providing conducive environment for entry to new players. Indian hotels and restaurants industry in one of the most vibrant and rapid developing industry. It is growing at nearly 1.1% annually. It contributes 2.2% to the country’s GDP, thus growing the opportunities for the growth and big profits. Indian consumers tends to eat food when it is still hot and fresh, thus approximately XX% of population prefer to dine in, when compared to XX% of people who get the food either by delivery or take away.
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Porter’s Five Force Model
Customer can easily switch to substitute service. So substitutes are a threat to company. When there are actual and potential substitute services available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
The Barriers to Entry are significantly low which means that it is not difficult for outside companies to enter the industry. New entrant is required to offer the services of high quality, customer preferable taste of the food. Government usually has little or no regulation over the entry of new players and operation of the business.
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There are number of equal competitors and more when there’s a clear market leader. •Customers have low switching costs •Industry is growing •Fixed cost are high resulting huge production and reduction in prices Copyright
All Rights Reserved, Goldstein Research
e l p
Threat of new entrants
m a S Bargaining power of suppliers
Sample Request
Bargaining Power of buyers
Threat of substitute products or services
The power of Buyers is significantly high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is low as there are multiple supplier for a particular category of service and these causes, for companies to compete on price when they do not have any point of differentiation.
www.goldsteinresearch.com
Sample Request
About us Connect With Us: Published By: Goldstein Research
Vision
Value
Visibility Sample Request
About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Vision
Value
Visibility Sample Request
Contact Us: For Research & Sales Related Queries +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
Corporate Office: 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India www.goldsteinresearch.com Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Sample Request
thAnk you Connect With Us: Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com