According to the latest report of the IMARC group, the global food service market will reach US$ 3,629 Billion by 2027, showing a growth rate (CAGR) of 3.85%.
SHERIDAN, WYOMING, UNITED STATES, October 26, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Food Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The global foodservice market size will reach US$ 2,750 Billion in 2021. In anticipation, IMARC Group expects the market to reach US$ 3,629 Billion by 2027, indicating a CAGR of 3.85 % during 2022-2027.
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who plan to enter the market of any kind.
Food service refers to the sale of food and beverages prepared for take-out, home delivery, or immediate consumption. In terms of systems, they can be classified into standard, centralized, ready-made, and assembly service components. This variety of food service proves to be very useful for individuals with a fast lifestyle as they ensure a wide variety of food, cost-effective, real-time delivery of delicious food under hygienic standards. acceptable, etc. including education, government, health care, etc.
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Note: We are constantly monitoring the direct impact of COVID-19 on the market, along with the indirect impact on related industries. These observations will be incorporated into the report.
Increasing urbanization and the preference for switching and the invention of menu options, where customers are offered a wide variety of options to customize their meals according to their tastes, dietary habits, and budgets, are primarily driving the food service market. In addition, the growing working population that requires hassle-free, hygienic, and nutritious food that is readily available is also positively affecting the global market. In addition, the increasing number of commercial restaurants and cafes that have emerged as suitable places for young professionals, young people, and families, to socialize and relax and promote the use of advanced technology for food service providers to enhance their productivity and processing. General efficiency acts as a significant growth factor. In addition to this, the development of e-commerce or online platforms and ongoing food services that facilitate improved distribution are further fueling the growth of the market. Additionally, the introduction of low-fat beverages and vegetarian and gluten-free foods and the launch of new packaging are expected to drive the foodservice market over the forecast period.
The report has segmented the market on the basis of segment, systems and types of restaurants.
Standard Food Service System Centralized Food Service System Prepared for Food Service System
Types of Restaurants:
Fast Food Restaurants Full-Service Restaurants Limited
Asia Pacific North America Europe Middle East and Africa Latin America
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Key points of the report:
Market Performance (2016-2021) Market Outlook (2022-2027) Market Trends Market Drivers and Success Factors Impact of COVID-19 Market Value Chain Analysis Overview
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