Global Foodservice Market: Companies Focusing on Healthy Options to Drive Sales, finds TMR

A recently added report by Transparency Market Research (TMR) offers important information about the global market for foodservice such as its size, competitive dynamics, and growth prospects going forward. The report is titled, “Foodservice Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016–2024.”

The report finds that companies in the global market for foodservice are keen to increase their consumer base. In order to do so, many are purveying their products via supermarkets at ultra-competitive prices. Another popular technique with savvy companies, wanting to drive up sales, is setting up of restaurants and bars in snooker, pool, and air hockey clubs.

As per the United States Department of Agriculture (USDA), the food system, including foodservice and food retailing, provided food in the U.S. worth about US$1.24 tn in 2010. From that, almost US$594 bn was provided by foodservice facilities. The different end use segments in the global market for foodservice are restaurants, schools, colleges, cafeterias, etc. The demand for various kinds of foods among consumers, the growing trend of eating out, and the convenience accorded by these services explains the rising consumption of meals and snacks at food service establishments. In order to further their sales, companies are also coming up with healthy options to win over discerning customers who are concerned about their health.

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The four kinds of foodservice systems listed in the report are centralized, conventional, assembly service, and ready meals. Among them, the conventional foodservice systems are the most prevalent. The rising number of schools, colleges, restaurants, and universities are providing a fillip to the foodservice systems market worldwide.

One factor posing a drawback to the global market for foodservice systems is the compliance standards imposed by the public health service departments in the food sector to make sure there is no compromise on the quality front. This often drives up costs for companies operating in the market as it requires additional investment in trained professionals and machines to maintain a certain standard in hygiene.

From a geographical standpoint, North America holds a leading position in the global market for foodservice systems due to being home to maximum number of restaurants and food chains and also because a large number of high-value transactions and mergers that has taken place in the past couple of years. Western Europe, powered by Germany, France, Italy, the U.K., and Spain, trails North America in terms of market share.

Some of the key players operating in the global market for foodservices that have been profiled in the report are Sodexo, Guest Services, Aramark Corporation, Compass Group North America, and Centerplate.

Global Foodservice Market: Increasing Demand for Customized Food Menus to Act as Growth Driver, Says TMR

A new study by Transparency Market Research (TMR), titled “Foodservice Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019,” offers an all-inclusive market assessment by evaluating the key trends, opportunities, challenges, and future prospects of this market. The market’s past and the current performance has also been examined thoroughly while preparing this study.

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As per the research report, the increasing demand for customized food menus, together with fresh ingredients in the food, is likely to propel the global market for foodservices in the coming years remarkably. However, the high cost incurred in maintaining the hygiene, quality, and the consistency of food, alongside the need for a large workforce, is anticipated to hamper the growth of this market to some extent in the near future. The implementation of several government regulations pertaining to food safety is also expected the act as a restraining factor.

The global foodservice market can be studied on the basis of the foodservice system, end-use application, and the geography. Based on the foodservice system, the market can be categorized into conventional, assembly service, centralized, and ready prepared. According to the research study, the most favored among them are conventional foodservice systems. However, ready prepared foodservice systems are likely to gain momentum across the world significantly over the next few years.

Based on the end-use application, the worldwide foodservice market can be classified into restaurants, schools and colleges, corporate office, and universities. Over the years, school and colleges have been registering an extensive application of foodservices, states the report.

Geographically, the market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World. Currently, North America holds the leading position on account of a large pool of restaurants and food chains. Europe and Asia Pacific are also projected to witness steady growth in this market over the forecast period, notes the study.

The research report also studies the competitive landscape of the global market for foodservices at length. It reviews the profiles of the key foodservice providers in order to identify the current market hierarchy. As per the report, Guest Services, Sodexo, Compass Group, Aramark Corp., and Centerplate are some of the leading providers of food services across the world.

Other prominent players in this market are Abela & Co., Yum! Brands, Starbucks, McDonald's, Restaurant Brands International, Domino's, Autogrill Group, BiRite Foodservice Distributors, CulinArt, Bon Appétit Management, Gordon Food Service, Jollibee Foods, Popeyes Louisiana Kitchen, Papa John's, Sysco Corp., Truitt Bros, White Castle, Jack in the Box, and AVI Foodsystems.

Increasing Demand for Easy Bites to Drive Growth of Foodservice Industry, says TMR

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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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. 

Foodservice Market to Rise due to Changing Food Preferences of Consumers Globally

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.

Global Foodservice Market Impelled by Rising Trend among Young Consumers to Eat Frequently at Cafeterias

A new market intelligence study by Transparency Market Research presents a detailed overview of the global foodservice market. The report is titled “Foodservice Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” The market research study provides a comprehensive analysis of the growth drivers, factors challenging growth, future trends, and projections of the market for the period from 2013 to 2019.

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Foodservice is the part of the food industry that caters to schools, colleges, restaurants, cafeterias, and others. There are majorly four types of foodservice systems – conventional, assembly service, centralized, and ready prepared. The most common type of food service system is the conventional system. The rising trend among individuals studying in schools, colleges, and universities or those working in offices to eat their daily meals at cafeterias and restaurants is the primary growth driver of the foodservice market.

The growing consumption of meals and snacks at food service establishments is fueling the demand for different types of foods. Eating out offers convenience, thus fueling the foodservice market. Moreover, foodservice operators are now offering healthier choices for health-conscious consumers, further fueling the market across the globe.

The challenges faced by the global foodservice market include the necessity to comply with public health service departments to ensure quality food, as per recommended standards. The high cost incurred to maintain the consistency of food quality along with hygiene is also expected to curb the growth of the market. Considerable expenses are also incurred by foodservice providers due to the large labor force required. Thus, these factors are obstructing the growth of the market to an extent.

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The report segments the global foodservice market on the basis of geography into Europe, Asia Pacific, North America, and the Rest of the World. Of these, North America is currently dominant in the foodservice market due to a high number of restaurants and food chains. The rising demand for fast food is also one of the prime reasons for the growth of the market in the region. Moreover, North America benefits from a high number of mergers that have occurred in the recent past, thus fueling the growth of the market in the region. Western Europe follows North America in size. Countries such as Germany, France, the U.K., Spain, and Italy hold significant market shares in the Western Europe regional segment.

The report profiles some of the leading players operating in the foodservice market, such as: Guest Services, Compass Group North America, Aramark Corporation, Centerplate, and Sodexo.

Foodservice Market Will Increase Strongly Through 2019

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

Global Foodservice Market to Grow Rapidly by 2019 due to Increasing Number of Restaurants and Food Chains

Transparency Market Research has published a new report, titled ‘Foodservice Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’. As per the report, the global foodservice market is expected to develop rapidly during the period from 2013 to 2019 owing to growing foodservice applications in restaurants, schools, colleges, and universities.

Foodservice comprises meals prepared outside homes and provided to the working class or students. The foodservice industry offers food services to educational institutes, fast-food chains, restaurants, and business organizations. The four main types of food services are centralized, conventional, assembly, and ready prepared. Demand for conventional foodservice systems has increased since the past few years. Students, the working masses, and people travelling for on-job training often depend on cafeteria services, which follow conventional foodservice systems. The increasing number of foodservice outlets following the conventional system has made this segment the dominant contributor in the global foodservice market.

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Some of the factors driving the global foodservice market are the availability of a variety of options on the menu, fast delivery, and high quality of food. Public health service departments make sure that the quality of food supplied is as per the prescribed standards. The high cost required to maintain the consistency and hygiene in the food quality is the major factor expected to restrict the growth of the global foodservice market in the years to come. However, the foodservice industry making inroads into supermarket operations is predicted to propel the global foodservice market during the forecast period. The introduction of the restaurant and bar concept by the foodservice industry in sports clubs such as pool and snooker clubs and air hockey clubs is expected to increase the customer base for the global foodservice market in the years to come.

By geography, the global foodservice market is divided into Europe, Asia Pacific, North America, and Rest of the World. In 2013, in terms of the number of food chains, the global foodservice market was dominated by North America, followed by Europe. Asia Pacific is expected to register the fastest growth in the years to come with the highest number of food chains. Increasing demand for fast food is expected to generate demand for food services across all regions. The high number of mergers and high-value transactions have boosted the North America foodservice market in the recent past.

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Some of the prominent foodservice management companies operating in the global foodservice market are Aramark Corporation, Centerplate, Guest Services, Inc, Compass Group North America, and Sodexo Inc. Increasing competition from the emerging players is expected to increase the challenges for the leading companies during the forecast period.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Foodservice Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Meals that are prepared outside the homes and catered to students, or the working masses is known as food service. Food service industry offers its services to schools, colleges, cafeterias, restaurants among others. The four types of foodservice systems are conventional, centralized, ready prepared and assembly service. The most common system is conventional foodservice system. The ingredients are collected from various outlets required for preparing the food and is prepared onsite. Foodservice finds growing applications especially in schools, colleges, universities and restaurants. People studying in schools or colleges or in offices often have their daily meals in the cafeteria which follow the conventional system.

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Varieties of options available in the food menu and high degree of quality attracting the health conscious people are some of the key drivers. Public health service departments ensure the quality of the food comply with the prescribed standards. High cost incurred to maintain the hygiene and consistency in food quality coupled with requirement of large labor force and food safety are some of the restraints acting as barriers to the market. Foodservice industries are now making their way into supermarket operations looking forward to increase their customer base. Foodservice industries are introducing bar and restaurant concept in air hockey, pool and snooker clubs, in order to attract more customers through such entertainment ways.

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North America has the largest number of food chains and restaurants owing to the rising demand for fast food. The majority of the high value transactions and mergers have bolstered the North American market. It is followed by Western Europe wherein France, Spain, U.K, Italy and Germany hold the key market share. Some of the top foodservice management companies are Compass Group North America, Aramark Corporation, Sodexo Inc., Centerplate, Guest Services, Inc among others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

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