Global Foodservice Market Receives Boost from Increasing Consumption of Snacks and Convenience Food Items

Transparency Market Research provides an in-depth overview of the global foodservice market through its new research report. The research report, titled “Foodservice Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” provides an assessment of the market through a SWOT analysis to highlight each segment’s strengths, weaknesses, opportunities, and threats. Furthermore, the report also gives a detailed evaluation of the bargaining power of suppliers, the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, and the intensity of competitive rivalry through Porter’s five forces analysis. The report answers questions pertaining to the scope of this market and its drivers and restraints.

According to the United States Department of Agriculture, food systems supplied food worth US$1.24 tn in 2010, of which US$594 bn was sold by foodservice facilities. The increasing consumption of meals and snacks at food service stalls and establishments by consumers is expected to have a huge impact on the overall market. The factors supporting the rising consumption of food are the growth of entertainment avenues, a wide range of convenience food items, and the growing number of services. Additionally, the introduction of several healthy choices offered through foodservice systems is also expected to boost this market in the coming years.

The global foodservice market is segmented on the basis of foodservice system, type of food offered, and geography. The types of foodservice systems are centralized, conventional, ready prepared, and assembly service. From the geographic standpoint, the global foodservice market is segmented into Europe, Asia Pacific, North America, and the Rest of the World.

Out of all the foodservice systems, the conventional foodservice systems are popularly used in places such as schools, colleges, universities, and restaurants. These systems are extensively used in places such as cafeterias in offices, colleges, and schools. According to research analysts, the global foodservice market will be challenged by the by the stringent rules and regulations of the public health service departments, which are constantly working towards improving the quality of food and complying with suggested standards.

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Some of the key companies in the global foodservice market are Sodexo, Compass Group North America, Aramark Corporation, Centerplate, and Guest Services. The research report provides a thorough take on the regulatory framework influencing the trajectory of the overall foodservice market as well as the competitive landscape of the market. The research report also details the financial overview, research and development activities, product portfolio, business and marketing strategies, expansion plans, and investment outlook of these top players for the coming few years.