Transparency
Market Research has published a new report, titled ‘Foodservice
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019’. As per the report, the global foodservice
market is expected to develop rapidly during the period from 2013 to
2019 owing to growing foodservice applications in restaurants,
schools, colleges, and universities.
Foodservice
comprises meals prepared outside homes and provided to the working
class or students. The foodservice industry offers food services to
educational institutes, fast-food chains, restaurants, and business
organizations. The four main types of food services are centralized,
conventional, assembly, and ready prepared. Demand for conventional
foodservice systems has increased since the past few years. Students,
the working masses, and people travelling for on-job training often
depend on cafeteria services, which follow conventional foodservice
systems. The increasing number of foodservice outlets following the
conventional system has made this segment the dominant contributor in
the global foodservice market.
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Full Report with
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Some
of the factors driving the global foodservice market are the
availability of a variety of options on the menu, fast delivery, and
high quality of food. Public health service departments make sure
that the quality of food supplied is as per the prescribed standards.
The high cost required to maintain the consistency and hygiene in the
food quality is the major factor expected to restrict the growth of
the global foodservice market in the years to come. However, the
foodservice industry making inroads into supermarket operations is
predicted to propel the global foodservice market during the forecast
period. The introduction of the restaurant and bar concept by the
foodservice industry in sports clubs such as pool and snooker clubs
and air hockey clubs is expected to increase the customer base for
the global foodservice market in the years to come.
By
geography, the global foodservice market is divided into Europe, Asia
Pacific, North America, and Rest of the World. In 2013, in terms of
the number of food chains, the global foodservice market was
dominated by North America, followed by Europe. Asia Pacific is
expected to register the fastest growth in the years to come with the
highest number of food chains. Increasing demand for fast food is
expected to generate demand for food services across all regions. The
high number of mergers and high-value transactions have boosted the
North America foodservice market in the recent past.
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Some
of the prominent foodservice management companies operating in the
global foodservice market are Aramark Corporation, Centerplate, Guest
Services, Inc, Compass Group North America, and Sodexo Inc.
Increasing competition from the emerging players is expected to
increase the challenges for the leading companies during the forecast
period.
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Transparency
Market Research (TMR) is a global market intelligence company
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provides forward-looking insight for thousands of decision makers.
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gather and analyze information.
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research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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