With
a substantial number of consumers shifting towards supercenters and
supermarkets, foodservice companies are focusing on entering into
supermarkets to expand their consumer base, states Transparency
Market Research in a report titled “Foodservice Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 –
2019.”
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report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1558
The
report presents a comprehensive overview of the current market
scenario, historical growth trajectory, and future growth
opportunities of the global foodservice market. The study articulates
the trends prevailing in the foodservice market considering all
significant elements at play in the global as well as regional level.
The report presents details of the market statistics of the key
segments and the strategies, shares, and products and services
provided by companies operating in the global foodservice market. The
study provides an overview of the competition level among all the key
players through Porter’s five forces and SWOT analysis.
Owing
to the rise in the number of supermarkets, the demand for extra
services within supermarkets has also increased. To accomplish a lead
in the global foodservice market, leading foodservice companies are
establishing quick bite service stalls in supercenters and
supermarkets. Foodservice companies in supermarkets offer consumers
less expensive food products to replace homemade meals. Moreover,
companies operating in the global foodservice market are also
focusing on the introduction of restaurants and bars in air hockey,
snooker, and pool clubs in order to gain a wider consumer base.
According
to the United States Department of Agriculture, food retailing and
foodservice companies together supplied around food worth US$1.24 tn
in 2010 in the United States. Foodservice companies also cater to
restaurants, cafeterias, schools, and colleges. Due to the rise in
the consumption of meals and snacks at foodservice centers, companies
operating in the global foodservice market are aiming at providing
value-added entertainment services along with their food services to
consumers. Moreover, considering the rise in health awareness among
consumers, foodservice centers are now focusing on offering more
healthy variants for health conscious consumers.
The
high cost incurred in maintaining food standards set by the public
health service departments for ensuring the quality of food is likely
to create challenges for companies operating in the global
foodservice market. Costs incurred on requirements such as labor,
food safety, and hygiene are anticipated to further impede the growth
of the global foodservice market.
Geographically, the global foodservice market is classified into Asia Pacific, North America, Europe, and Rest of the World. North America is likely to emerge dominant with a wide range of food chains and restaurants owing to the growing demand for quick bites and fast food. North America is closely trailed by Western Europe. The key players operating in the global foodservice market are Aramark Corporation, Centerplate, Guest Services, Sodexo, and Compass Group North America.
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