A new market research report by Transparency Market Research,
titled “Foodservice Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019,” offers an in-depth
analysis of the market and also evaluates the growth potential of the
market. The study encapsulates the trends, opportunities, and market
size of the global
foodservice market. The major product developments and the
predicted innovations that are poised to take place in this market
are also presented in this study.
The major players operating in this market coupled with their product
launches, market shares, and key strategies have also been presented
under the competitive landscape section of this study. The market for
food services is broadly segmented in terms of type of food offered,
type of foodservice system, and geography. Hence, this report is a
comprehensive document providing answers to distributors, suppliers,
and marketing managers in the global foodservice market.
The food service market includes the institutions, hospital and
school cafeterias, catering operations, restaurants, businesses, and
companies that serve snacks and meals. A number of food service
companies have now moved to supermarkets for growing their customer
base. The food service companies dominant within supermarkets present
cost-effective options for consumers, hence providing good
substitutes for home-cooked meals.
The market for food service is experiencing growth owing to the
rising count of hotels, quick service operators, and the increasing
casual dining globally. In addition, the changing food preferences of
consumers and their shift towards greater variety of food choices is
also boosting the global food service market. On the other hand, the
soaring costs involved in maintaining the hygiene and consistency of
food quality coupled with the rising need for labor may impede the
growth of the market in forthcoming years.
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There are mainly four kinds of food service systems, namely
centralized, conventional, ready prepared, and assembly service. Of
these, conventional foodservice systems emerged as the most common
kind of foodservice system. The market for foodservice is
increasingly being implemented in schools, universities, colleges,
and restaurants wherein students tend to take their daily meals in
cafeterias. These cafeterias work on the conventional foodservice
system.
On the basis of geography, the report segments the global foodservice
market into Asia Pacific, North America, Europe, and Rest of the
World (RoW). Of these, North America has the largest count of food
chains and restaurants owing to the increasing demand for fast food.
Western Europe trailed North America and held the second-largest
share in the market. The UK, Germany, Spain, and Italy are the major
markets for food service within Western Europe.
Aramark Corporation, Sodexo, Compass Group North America,
Centerplate, and Guest Services, among others are the major companies
in the global foodservice market, as per this study.
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