MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL FOODSERVICE MARKET FORECAST & OPPORTUNITIES 2016 – 2026
May 11, 2021
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL FOODSERVICE MARKET FORECAST & OPPORTUNITIES
2016 – 2026
2
Scope of ReportProduct of Interest (POI): Foodservice
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
Food service or catering industry defines those businesses, institutions, and companiesresponsible for any meal prepared outside the home. This industry includes restaurants,school and hospital cafeterias, catering operations, and many other formats.
Market Segmentation
TYPE
• Dining Service
• QSR
• PBCL
• Others
REGION
• Europe
• North America
• South America
• Middle East & Africa
• Asia Pacific
OWNERSHIP
• Independent Outlets
• Chained Outlets
3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors Affecting Purchase Decision
4.2. Brand Awareness
4.3. Challenges Post Purchase
4.4. Preferred Distribution Channel
5. Global Foodservice Market Outlook, 2016-2026F
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1.By Type (Dining Service, QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Cafe
and Lounges), and Others)
5.2.2. By Ownership (Independent Outlets vs. Chained Outlets)
5.2.5. By Region
5.2.6. By Company (2020)
5.3. Market Map
6. Asia-Pacific Foodservice Market Outlook, 2016-2026F
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
4
S. No. Contents Page No.
6.2.1. By Type
6.2.2. By Ownership
6.2.3. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Foodservice Market Outlook, 2016-2026F
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Ownership
6.3.2. India Foodservice Market Outlook, 2016-2026F
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Ownership
6.3.3. Japan Foodservice Market Outlook, 2016-2026F
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
Table of Contents
5
S. No. Contents Page No.
6.3.3.2.2. By Ownership
6.3.4. South Korea Foodservice Market Outlook, 2016-2026F
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Type
6.3.4.2.2. By Ownership
6.3.5. Australia Foodservice Market Outlook, 2016-2026F
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Type
6.3.5.2.2. By Ownership
7. Europe Foodservice Market Outlook, 2016-2026F
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2 By Ownership
7.2.3. By Country
Table of Contents
6
S. No. Contents Page No.
7.3. Europe: Country Analysis
7.3.1. France Foodservice Market Outlook, 2016-2026F
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Ownership
Table of Contents
7.3.2. United Kingdom Foodservice Market Outlook, 2016-2026F
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Ownership
7.3.3. Italy Foodservice Market Outlook, 2016-2026F
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Ownership
7.3.4. Germany Foodservice Market Outlook, 2016-2026F
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
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S. No. Contents Page No.
7.4.4.2.1. By Type
7.4.4.2.2. By Ownership
7.3.5. Russia Foodservice Market Outlook, 2016-2026F
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Ownership
Table of Contents
8. North America Foodservice Market Outlook, 2016-2026F
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2 By Ownership
8.2.3. By Country
8.3. North America: Country Analysis
8.3.1. United States Foodservice Market Outlook, 2016-2026F
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Ownership
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S. No. Contents Page No.
8.3.2. Mexico Foodservice Market Outlook, 2016-2026F
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Ownership
8.3.3. Canada Foodservice Market Outlook, 2016-2026F
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Ownership
9. South America Foodservice Market Outlook, 2016-2026F
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2 By Ownership
9.2.3. By Company
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Foodservice Market Outlook, 2016-2026F
9.3.1.1. Market Size & Forecast
Table of Contents
9
S. No. Contents Page No.
9.3.1.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Ownership
9.4.2. Argentina Foodservice Market Outlook, 2016-2026F
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Type
9.4.2.2.2. By Ownership
9.4.3. Colombia Foodservice Market Outlook, 2016-2026F
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Type
9.4.3.2.2. By Ownership
10. Middle East and Africa Foodservice Market Outlook, 2016-2026F
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2 By Ownership
Table of Contents
10
S. No. Contents Page No.
10.2.3. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Foodservice Market Outlook, 2016-2026F
10.3.1.1.Market Size & Forecast
10.3.1.1.1. By Value
10.3.2.2.Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Ownership
10.3.2. Saudi Arabia Foodservice Market Outlook, 2016-2026F
10.3.2.1.Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2.Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Ownership
10.3.3. UAE Foodservice Market Outlook, 2016-2026F
10.3.3.1.Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2.Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Ownership
Table of Contents
11
S. No. Contents Page No.
10.3.4. Qatar Foodservice Market Outlook, 2016-2026F
10.3.4.1.Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2.Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Ownership
Table of Contents
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Impact of COVID-19 on Global Foodservice Market
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Top 10)
14.2.1. Company details
14.2.2. Financials (As Reported)
14.2.3. Product & Services
14.2.4. Key market focus and geographical presence
14.2.5. Expansion Strategies
14.2.6. Key Management Personnel
15. Strategic Recommendations
16. About us & Disclaimer
RESEARCH METHODOLOGY
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Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the global foodservice
market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the global foodservice
market.
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
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Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global foodservice market. The team has analyzed
the outlook of various segments of this market, while considering the major influencing factors such as continuous change in consumer tastes,
increasing innovation in existing products, rapid urbanization. The study includes market forecasting, which would enable our clients to take
better decisions while planning their strategy to achieve sustainability in the global foodservice market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as foodservice companies, channel
partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 foodservice companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain
stakeholders in the global foodservice market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-
2020.
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Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by type, by ownership, by company and by each
region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across
various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various type were further
triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by type, by ownership, by company and by each region were calculated based on the responses received through primary
surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of
foodservice. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after
eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global
foodservice market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It
should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the
United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ Compass Group PLC
▪ McDonald's Corporation
▪ Performance Food Group Company
▪ Sodexo Group
▪ Aramark Corporation
▪ Restaurant Brands International Inc.
▪ Yum! Brands, Inc.
▪ Autogrill S.p.A.
▪ Domino's Pizza, Inc.
▪ Starbucks Corporation
▪ World Bank
▪ International Monetary Fund (IMF)
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
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Industry Brief
According to TechSci Research report, “Global Foodservice Market By Type (Dining Service (Hotels, Restaurants), QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Cafe and Lounges), and
Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026”, the global foodservice market is anticipated to grow from USD3093.96
billion in 2020 to USD3978.83 billion in 2026 at a CAGR of 4.72%. The growth is expected as the companies are rearranging their operations to recover the loss that occurred because of COVID-19,
which led to the tentative shutdown of commercial activities to maintain the social distancing which resulted in operational challenges and a huge loss to the foodservice industry. However, it is
expected that the foodservice market will recover from the loss across the forecast period as it is an unpredicted event, and it could not be defined through the ongoing weakness in the foodservice
market or the global economy. As the trend for socializing in cafes is increasing among the urban millennials and it is majorly the youngest population which is driving the growth of the chained
foodservice market at a much faster pace. Also, the rapid increase in infrastructural development like airports, metro services, hospital facilities, malls, and expressways in emerging countries has
given hopes to various chained outlets to increase their market share. Consequently, the growing trend for fast-food and ready to eat items has caused an immense boost to the chained foodservice
market. Moreover, the launch of low-fat drinks, gluten-free products, on-the-go foodservice and online platforms, as well as attractive packaging, are all contributing to the market's development.
Even the factors such as the increasing number of working women, decline in the practice of preparing homemade food, increasing disposable income, improving distribution channels, etc. are also
catalyzing the growth of the foodservice market. The foodservice market deals with both internal as well as external factors to meet the expectations of the target audience, such factors are heavy
chef rotations, green packaging and waste reduction, holistic dining experience, menu optimization, and cashless transactions and digitalization. Nowadays people are more demanding, not in just
terms of taste of the food or cuisine but are also concerned about the décor, environment, efficiency of the service provider, cost optimization, consistency with the food taste, and the digital mode of
transactions. Many restaurants have recently begun introducing modern technology like tablets on their tabletops to automate the process of ordering food. For example, Chili’s, an American casual
dining restaurant chain overhauled its in-store ordering system by adding more than 45000 tablets across its 823 stores. Technology-driven solutions and facilities are becoming more popular in bars
and nightclubs. Self-ordering touchscreen kiosks, smartphone applications for personalized orders and fast payment, and digital entertainment such as gaming are all being introduced by companies
in the sector. It is the dining service restaurants, which is the most widespread foodservice model (contributing to the one-third of the food-service market). But it is expected that due to pertaining
demand for the fast-food market, it will be the quick service restaurant (QSR) segment that is expected to grow at faster pace than the market of dining service restaurants in the upcoming future
market. The largest market share of the foodservice industry will be dominated by the Asia-Pacific region in the forecast period. This can be attributed to the fact that this region holds the largest
portion of the young and millennial population combined with the increase in the number of restaurants, a combination of different culture and cuisine. It is witnessed that there is an increasing
preference and demand by the people to eat outside due to which value of services provided by the restaurants gets improvised.
Compass Group PLC, McDonald's Corporation, Performance Food Group Company, Sodexo Group, Aramark Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., Autogrill S.p.A.,
Domino's Pizza, Inc., and Starbucks Corporation are some of the leading players operating in the global foodservice market. Major foodservice companies are expanding their manufacturing bases to
meet the rising demand across developing countries in North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The global foodservice market is competitive with the presence and minimal market share of domestic companies in countries such as China and India. Above all other aspects, the launching of a
new product has become the most critical strategy, due to the rapidly changing nature, taste, and preferences of the consumers. Also, businesses have embraced growth through mergers and
acquisitions by multinational companies, which has proven to be successful in making their presence stronger.
“The global foodservice market is anticipated to grow over 4.72% CAGR during the next five years due to growing consumer base and increasing disposable income. Moreover, technological up-
gradation and growing demand for ready-to-eat foods are further anticipated to positively influence the growth of the market through 2026,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
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Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2016 2020 2021E 2026F
By Value (USD Million)
Global Foodservice Market Size, By Value (USD Million), 2016–2026F
CAGR By Value
XX%CAGR By Value
YY%Asia-Pacific Foodservice Market Share, By Type, By Value, 2016–2026F
30%30%30%30%30%30%30%30%30%30%30%
30%30%30%30%30%30%30%30%30%30%30%
30%30%30%30%30%30%30%30%30%30%30%
10%10%10%10%10%10%10%10%10%10%10%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Dining Service QSR PBCL Others
40%40%40%40%40%40%40%40%40%40%40%
60%60%60%60%60%60%60%60%60%60%60%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Independent Outlets Chained Outlets
India Foodservice Market Share, By Ownership, By Value, 2016–2026F
19
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FORECAST & OPPORTUNITIES2016 – 2026
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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