About this market
Technavio's foodservice market analysis considers sales from conventional, centralized, ready-prepared, and assembly-serve foodservice systems. Our study also finds the sales of foodservice in APAC, Europe, MEA, North America, and South America. In 2019, the conventional segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the provision of freshly prepared food and flexible menu options will play a significant role in the conventional segment to maintain its market position. Also, our global foodservice market report looks at factors such as increasing demand for food away from home, growth of fast-food market, rising demand for mobile food service. However, labor shortages in foodservice sector, increasing health concerns, and stringent government regulations may hamper the growth of the foodservice industry over the forecast period.
Rising demand for mobile food service
The rising popularity of trailers, food trucks, carts, and food stands is driving the mobile foodservice market. These mobile foodservice outlets tend to succeed more compared to conventional restaurants, primarily due to low yearly overhead costs, low initial capital investments, and the rising popularity of street food among the urban young population. Furthermore, mobile foodservice establishments offer better opportunities for expansion of the customer base as well as customization of the menus to cater to a wider target audience. The growing demand for mobile food service will lead to the expansion of the global foodservice market at a CAGR of almost 5% during the forecast period.
The emergence of ghost kitchens
There has been a rapid rise in the popularity of delivery-optimized ghost kitchens in recent years. These kitchens produce food for online delivery and contain all the required kitchen equipment as well as facilities for the preparation of meals but have no dining area. With the rising number of online food orders, given the emergence of online food delivery platforms, ghost kitchens have emerged as a key business model in the foodservice industry. As a result, various major foodservice establishments across the globe are focusing on launching ghost kitchens to offer superior customer service while reducing the rent and labor costs involved in the conventional setups. Thus, emergence of ghost kitchens is one of the key trends anticipated to boost the global foodservice market growth during the forecast period.
For the detailed list of factors that will drive the global foodservice market during the forecast period 2020-2024, view our report.
With the presence of several major players, the global foodservice market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading foodservice manufacturers, that include Aramark, Compass Group Plc, Domino's Pizza Inc., Inspire Brands Inc., McDonald's Corp., Performance Food Group Co., Restaurant Brands International Inc., Sodexo Group, Starbucks Corp., and YUM! Brands Inc.
Also, the foodservice market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 08: MARKET SEGMENTATION BY FOODSERVICE SYSTEM
- Market segmentation by foodservice system
- Comparison by foodservice system
- Conventional - Market size and forecast 2019-2024
- Centralized - Market size and forecast 2019-2024
- Ready-prepared - Market size and forecast 2019-2024
- Assembly-serve - Market size and forecast 2019-2024
- Market opportunity by foodservice system
PART 09: MARKET SEGMENTATION BY SECTOR
- Market segmentation by sector
- Comparison by sector
- Commercial - Market size and forecast 2019-2024
- Non-commercial - Market size and forecast 2019-2024
- Market opportunity by sector
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- New product launches
- Growing number of strategic alliances in market
- Emergence of ghost kitchens
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Compass Group Plc
- Domino's Pizza Inc.
- Inspire Brands Inc.
- McDonald's Corp.
- Performance Food Group Co.
- Restaurant Brands International Inc.
- Sodexo Group
- Starbucks Corp.
- YUM! Brands Inc.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO