Food Service Market Report 2025 (Global Edition)

Global Food Service Market Report 2025 Market Size Split by Sector (Commercial, Non-commercial), by System (Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice ...

Food Service Market Report Description

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Food Service Market Insights Video

Competitive Landscape of the Food Service Market

The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major Food Service Market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.

• In November 2023, Aramark Focuses on Delivering World Class Safety Culture for Employees, Clients, and Customers. With a firm dedication to the well-being of its employees, clients, and customers, Aramark announced a strategic focus on delivering a world-class safety culture across its operations.

(Source:www.aramark.com/newsroom/news/aramark-safety-culture-conference-1123)

Top Companies Market Share in Food Service Industry: (In no particular order of Rank)

• Aramark Corporation
• Compass Group North America
• Doctor’s Associates Inc.
• Domino’s
• McDonald’s Corp.
• Restaurant Brands International
• Seven & I Holdings Co. Ltd.
• Sodexo
• Starbucks Corporation
• Yum! Brands Inc
• Others 
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Asia Pacific dominated the market in 2023 and accounted for around 37% of the global revenue.

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 37% of the global revenue. This dominance can be attributed to several factors, including the region's large and diverse population, rapid urbanization, changing consumer lifestyles, and a growing middle class with an increased propensity to dine out. Additionally, the rich culinary traditions and a vibrant food culture in many Asia Pacific countries contribute to a thriving food service sector. The high market share underscores the significance of the Asia Pacific region as a key player in the global food service landscape, with its diverse markets ranging from established economies to emerging markets.

North America is the fastest-growing region in the market. Several factors could contribute to this region's rapid expansion, including a strong consumer culture of dining out, a high level of disposable income, and a continual demand for diverse and innovative food experiences. Additionally, the adoption of technology in the food service sector, such as online ordering, delivery services, and mobile payments, may contribute to the accelerated growth in North America. Moreover, changing consumer preferences, including a focus on health-conscious dining and sustainable food choices, could be driving growth in the food service industry in this region. 

The current report Scope analyzes Food Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Food Service Market

According to Cognitive Market Research, North America’s dominance in holding the major market share in 2023, accounting for more than 28% of the global revenue, will expand with a CAGR of 10.0% from 2023 to 2030. In North America, the cafes and bars segment has asserted dominance in the market, this dominance could be attributed to several factors, including the cultural importance of cafes and bars as social hubs, the popularity of specialty coffee and craft beverages, and the versatility of these establishments in catering to diverse consumer preferences. The anticipated growth, as indicated by the substantial CAGR, highlights North America's resilience and attractiveness for businesses within the food service sector. Factors such as a well-established culture of dining out, high consumer spending, and a continuous demand for diverse and innovative culinary experiences likely contribute to this positive trajectory. The region's ability to adapt to evolving consumer preferences and embrace technological advancements further positions North America as a key player in the global food service landscape.

Europe Food Service Market

According to Cognitive Market Research, Europe’s dominance in holding the major market share in 2023, accounting for more than 37% of the global revenue, will expand with a CAGR of 12.0% from 2023 to 2030. This dominance is further exemplified by the emergence of the street food segment as a dominant force within the market. The dominance of the street food segment can be attributed to the rich and diverse culinary traditions across Asia Pacific, where street food plays a fundamental role in local food cultures. Street food offers authentic, affordable, and convenient dining experiences, aligning with the preferences of a wide range of consumers. The popularity of street food reflects not only its cultural significance but also its adaptability to the fast-paced urban lifestyles prevalent in many Asia-Pacific countries.

Asia Pacific Food Service Market

According to Cognitive Market Research, Asia Pacific’s dominance in holding the major market share in 2023, accounting for more than 37% of the global revenue, will expand with a CAGR of 12.0% from 2023 to 2030. In Asia Pacific, the ready prepared food segment has secured dominance in the market. The ready-prepared food segment is likely meeting the preferences of consumers who seek quick and hassle-free dining solutions. This could include a variety of prepared meals, ranging from pre-packaged options available in convenience stores to freshly prepared meals for takeout or delivery. Several factors contribute to this anticipated growth, including the region's large and diverse population, rising urbanization, increased consumer spending on dining out, and the ongoing development of various markets within Asia Pacific. The substantial CAGR indicates a positive trajectory, emphasizing the region's resilience and attractiveness for businesses in the food service sector. In conclusion, The dominance of the ready-prepared food segment in this region aligns with the preferences of consumers seeking quick and convenient dining solutions, showcasing the adaptability of the industry to local needs.

South America Food Service Market

According to Cognitive Market Research, Latin America’s dominance holds the major market share in 2023, accounting for more than 5% of the global revenue. It will expand with a CAGR of 10.8% from 2023 to 2030. In Latin America, the ready-prepared foodservice system segment has established dominance in the Latin American market underscores the prominence of prepared and convenient food offerings in the region. This dominance could be influenced by factors such as changing consumer lifestyles, an increasing demand for on-the-go dining solutions, and the convenience offered by ready-prepared meals. The segment's ability to align with the preferences of Latin American consumers seeking quick and hassle-free dining experiences contributes to its established dominance in the market.

Middle East Food Service Market

According to Cognitive Market Research, MEA’s dominance in holding the major market share in 2023, accounting for more than 5% of the global revenue, will expand with a CAGR of 10.9% from 2023 to 2030. In the Middle East and Africa, the street food segment has secured dominance in the market. This indicates that street food, characterized by its diverse and often unique culinary offerings, holds a prominent position in meeting the preferences of consumers in the MEA region. Several factors may contribute to the dominance of the street food segment in this region, including the rich cultural tradition of street food, the vibrancy of local markets, and the popularity of on-the-go dining experiences. The adaptability of street food to local tastes and the potential for affordable yet flavourful food options likely contribute to its market dominance. 

Food Service Market Analysis

Food Service Sector Segment Analysis

According to Cognitive Market Research, the commercial type has emerged as the dominant player in the Food Service market, securing a significant market share over the forecast period. The commercial segment's dominance can be attributed to factors like increased consumer spending on dining out, a growing urban population, and a rising demand for diverse and convenient food options. Commercial enterprises often benefit from their ability to adapt quickly to changing consumer preferences, invest in technology, and scale operations. As a result, they have emerged as key players in shaping the trajectory of the Food Service market, underlining the significance of the commercial sector in driving overall market dynamics.

Non-commercial is emerging as the fastest-growing category. The assertion that the non-commercial category is emerging as the fastest-growing segment in the Food Service market signifies a notable shift in consumer preferences and industry dynamics. Non-commercial sectors, including institutional food service providers in settings like schools, hospitals, and workplaces, are experiencing accelerated growth. This trend could be attributed to factors such as an increasing focus on health-conscious and sustainable food choices in institutional settings, as well as the expansion of food service options beyond traditional commercial establishments. Non-commercial segments often benefit from captive audiences and the ability to tailor offerings to specific dietary needs.

• Compressor
• Absorption
• Thermoelectric

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Food Service Industry. Request a Free Sample PDF!

Food Service System Segment Analysis

According to Cognitive Market Research, the conventional foodservice system has emerged as a prominent segment in the Food Service market. The conventional foodservice system involves the direct preparation and distribution of food on-site, typically in kitchens within restaurants or food establishments. This system often emphasizes real-time cooking and immediate service to customers. The prominence of the conventional foodservice system may stem from its ability to provide a personalized and fresh dining experience, catering to consumer preferences for made-to-order meals. Additionally, it reflects the resilience of traditional culinary practices amid the technological advancements and changing trends in the broader food service industry.

The ready prepared foodservice system category has emerged as the fastest-growing segment in the Food Service market over the forecast period, and this accelerated growth can be attributed to several key factors. he ready-prepared foodservice system category's emergence as the fastest-growing segment in the Food Service market over the forecast period can be attributed to several key factors. Firstly, the increasing pace of modern lifestyles and the demand for convenience have driven a surge in the popularity of ready-to-eat and prepared meals. Consumers, with busy schedules, are seeking quick and easily accessible food options, and the ready-prepared system caters to this need effectively. Secondly, advancements in food processing and packaging technologies have improved the quality and shelf life of prepared foods, further boosting consumer confidence in this category.

• Conventional Foodservice System
• Centralized Foodservice System
• Ready Prepared Foodservice System
• Assembly-Serve Foodservice System

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Food Service Types of Restaurants Segment Analysis

According to Cognitive Market Research, the street food segment has established itself as a prominent force, commanding a significant market share in the Food Service segment. Street food has established itself by commanding a substantial market share, reflecting changing consumer preferences and a cultural shift toward more casual and experiential eating. This segment's prominence may be attributed to its ability to offer diverse and often unique culinary experiences, capturing the authenticity and Flavors of local and global cuisines. Street food's appeal lies in its accessibility, affordability, and the opportunity for consumers to explore a variety of dishes in a casual setting.

The rapid growth of quick-service restaurants (QSRs) as the fastest-growing category in the Food Service Market over the forecast period highlights the increasing consumer preference for fast, convenient, and on-the-go dining experiences. Quick-service restaurants are characterized by their efficient service model, streamlined menus, and often affordable pricing, making them particularly appealing to busy lifestyles and diverse consumer demographics. Factors contributing to the accelerated growth of QSRs include changing consumer habits, a rise in urbanization, and a desire for speed and convenience in food consumption. Additionally, advancements in technology, such as mobile ordering and delivery apps, have further facilitated the accessibility of QSR offerings.

• Cafés and bars
• Street food
• Quick service restaurants
• Full-service restaurants

Food Service Structure Segment Analysis

According to Cognitive Market Research, the chained outlets segment has established itself as a prominent force, commanding a significant market share in the Food Service segment. Chained outlets, which are part of larger franchises or brands, have demonstrated their ability to capture a substantial market share. This prominence is often attributed to the advantages associated with brand recognition, standardized operations, and the potential for economies of scale. Consumers are often drawn to the familiarity and consistency offered by chained outlets, contributing to their widespread success.

Independent outlets emerged as the fastest-growing category in the Food Service Market over the forecast period. Independent outlets, which operate without direct affiliation to larger franchises or brands, are experiencing accelerated growth, showcasing the appeal of unique and often locally-driven dining experiences. This growth can be attributed to factors such as the rising demand for authentic and artisanal offerings, a desire for diverse and niche cuisines, and the ability of independent outlets to cater to local tastes and trends. The flexibility and innovation often associated with independent establishments contribute to their popularity, appealing to consumers seeking distinctive and personalized dining experiences.

• Chained Outlets
• Independent Outlets

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion