Foodservice
systems such as restaurants, cafeteria, and canteens provide hygienic
food to students and working people who prefer eating outside.
Availability of a variety of quality food is generating demand from
health-conscious people from across the globe.
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The
global foodservice market is predicted to develop rapidly during the
period from 2013 to 2019. The demand for foodservice systems and
catering services has increased in the past decade. Students, the
working class, and people staying in hostels give more preference to
outside food or catering services.
North
America Foodservice Segment to Register Fastest Growth
The
global foodservice market is segmented on the basis of geography and
type of foodservice. By geography, the global foodservice market is
divided into North America, Europe, Asia Pacific, and Rest of the
World. In 2013, the North America market for foodservices registered
the highest number of restaurants, catering service providers, and
food chains. Considering the increasing demand for fast food, the
North America region is predicted to register the fastest growth by
2019. The high number of mergers and high-value transactions has
boosted the foodservice market in the North American region.
Europe
was the second largest region in the global foodservice market in
2013, followed by Asia Pacific. Some of the leading players in the
global foodservice market are Aramark Corporation, Compass Group
North America, Sodexo Inc., Guest Services, Inc., and Centerplate.
By
foodservice type, the global
foodservice market is divided into four systems, namely
centralized, assembly service, conventional, and ready prepared. The
conventional food service segment dominated the global foodservice
market in 2013 and is predicted to maintain its position during the
forecast period.
Growing
demand for foodservice systems in various areas such as schools,
universities, colleges, and restaurants is predicted to drive the
global foodservice market during the forecast period. Individuals
studying in colleges and schools and the working population often
prefer eating in college canteens or office cafeteria that follow
conventional foodservice systems. This offers convenience, with
healthy, safe food secured at relatively low prices. With the growing
variety of food products available in the market, the global
foodservice market is expected to develop rapidly by 2019.
Hygienic
Food to Generate Higher Demand by 2019
The
leading companies in the global foodservice market make sure to
supply fresh and quality food products to cafeteria and restaurants.
The high cost of maintaining the quality and hygiene of food
products, food safety, and requirement of labor are some of the
factors that will restrict the growth of the global foodservice
market throughout the forecast period. However, efforts taken by
public health service departments to maintain the hygiene of food
products is predicted to help the global foodservice market develop
rapidly. Hygienic food will be the focus of the foodservice industry
in the coming years.
The
foodservice industry is entering into supermarket operations to
multiply their customer base. Introduction of the concept of a bar
and restaurant in various clubs such as air hockey and pool and
snooker clubs has opened new opportunities for the global foodservice
market. Through such entertainment facilities, the foodservice market
attracts more customers, thus boosting the growth of the global
foodservice market.
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