, /PRNewswire/ — According to the research report, the Food Service Market will witness a YOY growth of 27.98% in 2022 against a CAGR of 28.15% during the forecast period. The food service market report also provides information on several vendors in the market, including Abela and Co. LLC, Aramark, Chick-fil-A Inc., Compass Group Plc, Dominos Pizza Inc., FOOD AND LIFE COMPANIES Ltd., Inspire Brands Inc., Jack in the Box Inc., Jollibee Foods Corp., McDonald Corp., MOS Food Services Inc., Papa Johns International Inc., Performance Food Group Co., and YUM Brands Inc. and others.
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APAC will account for 43% of the market growth APAC’s largest markets for food services are China, Japan, and India. The market in this region will grow faster than other markets in other regions. With more and more time-consuming and busy consumers, there is a growing demand for convenience, which in turn affects the demand for fast food alternatives that will support the expansion of the APAC foodservice market while during the forecast period.
The traditional segment will significantly increase its market share in the food service industry. A traditional food service approach ensures that food is freshly prepared based on customer preferences.
The traditional method of food preparation allows it to be served directly in the dining room or at the lunch table. Customers can choose from a variety of menu items and fresh meals prepared for this system. During the forecast period, these benefits are likely to fuel the growth of the traditional segment of the global food service market. Purchase a Sample Report.
The global food service market is fragmented, and vendors are deploying various organic and inorganic growth strategies to compete in the market.
The report analyzes the market competitive landscape and provides information on several market vendors, including:
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APAC, North America, Europe, South America, and the Middle East and Africa
US, China, Japan, India, and Germany
Leading companies, competitive strategies, scope of customer engagement
Abela and Co. LLC, Aramark, Chick-fil-A Inc., Compass Group Plc, Dominos Pizza Inc., FOOD AND LIFESTYLE COMPANIES Ltd., Inspire Brands Inc., Jack in the Box Inc., Jollibee Foods Corp., Little Caesar Enterprises Inc. , McDonald Corp., MOS Food Services Inc., Papa Johns International Inc., Food Performance Group Co., Restaurant Brands International Inc., Sodexo SA, Starbucks Co., Sysco Corp., Wendys Co., and YUM Brands Inc.
Parent market analysis, market growth drivers and challenges, fast and slow growing segment analysis, impact of COVID-19 and recovery analysis and future consumer dynamics, and market situation analysis for the forecast period.
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5 Food Service System Market Segmentation
9 Drivers, Challenges, and Trends
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