Companies
in the global foodservice market are looking at ways to expand their
consumer base. Hence, many foodservice companies are now making their
way into supermarkets to reach more consumers. For their main grocery
shopping, a growing number of households prefer supermarkets and
supercenters. This offers a good opportunity for companies to reach
new consumers. Foodservice companies operating in supermarkets offer
low-cost options to consumers to replace their home-cooked meals.
Besides
this strategy, companies in the global
foodservice market are employing other strategies such as
introducing bar and restaurant concepts in pool, snooker, and air
hockey clubs to attract more consumers by providing entertainment.
The global foodservice market is broadly segmented on the basis of
the type of foodservice system, the type of food offered, and
geography. The research study on the global foodservice market
delivers an extensive analysis of the key market segment.
Each
key segment of the global foodservice market is analyzed with its
market data. Furthermore, valuable forecasts for these segments are
mentioned in the report. In addition to this, the report examines the
fastest growing segments of the global foodservice market and
elaborates on the trends shaping these segments.
Overview
of the Global Foodservice Market
According
to the USDA, the food system, which includes foodservice and food
retailing, supplied approximately US$1.24 tn worth of food in the
U.S. in 2010, out of which approximately US$594 bn was supplied by
foodservice facilities. The global foodservice market caters to
schools, restaurants, colleges, cafeterias, and others. The growing
consumption of snacks and meals at food service establishments shows
a growing demand among consumers for different types of foods, having
an entertainment value to eating out, and the convenience offered by
these services. Furthermore, keeping with the health trend, the
global foodservice market is now also offering more healthy choices
for conscious consumers.
Currently,
there are four types of foodservice systems – conventional,
centralized, assembly service, and ready prepared. Conventional
foodservice systems are the most common type of foodservice system.
The foodservice market is increasingly finding application in
colleges, schools, restaurants, and universities. Individuals
studying in colleges, schools, or offices tend to have their daily
meals in places such as a cafeteria, which follow the conventional
foodservice system.
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Public
health service departments in the food sector ensure the quality of
the food is in compliance with the recommended standards. A high cost
is incurred to maintain the consistency and hygiene of food quality,
along with the requirements such as the large labor force and food
safety. These factors will challenge the global foodservice market to
an extent.
Region-wise,
the global foodservice market is divided into Europe, North America,
Asia Pacific, and Rest of the World. Presently, North America boasts
of the largest number of restaurants and food chains due to the
rising demand for fast food. In addition to this, the North America
market benefits from the high number of high-value transactions and
mergers in recent years. The North America market is followed by
Western Europe, where France, the U.K. Germany, Italy, and Spain hold
substantial market shares.
Companies
mentioned in the research report
The
leading companies in the global foodservice market are Sodexo,
Aramark Corporation, Compass Group North America, Guest Services, and
Centerplate.
Major
regions analyzed under this research report are:
- Europe
- North America
- Asia Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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