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MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL FOODSERVICE MARKET
FORECAST AND OPPORTUNITIES
2016 – 2026
PUBLISHED: JULY 2021
© TechSci Research 2
Table of Contents
S. No. Contents
1. Service Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors Affecting Purchase Decision
4.2. Source of Information
5. Global Foodservice Market Outlook, 2016-2026
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1.
By Type (Dining Services, QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Café
and Lounges) and Others
5.2.2. By Ownership (Independent Outlets vs. Chained Outlets)
5.2.3. By Region
5.2.4. By Company (2020)
5.3. Market Map (By Type, By Region)
6. North America Foodservice Market Outlook, 2016-2026
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
© TechSci Research 3
S. No. Contents
6.2.2. By Ownership
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Foodservice Market Outlook, 2016-2026
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Ownership
6.3.2. Canada Foodservice Market Outlook, 2016-2026
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Ownership
6.3.3. Mexico Foodservice Market Outlook, 2016-2026
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Ownership
Table of Contents
© TechSci Research 4
S. No. Contents
7. Europe Foodservice Market Outlook, 2016-2026
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Ownership
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. France Foodservice Market Outlook, 2016-2026
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Ownership
7.3.2. United Kingdom Foodservice Market Outlook, 2016-2026
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Ownership
Table of Contents
© TechSci Research 5
S. No. Contents
7.3.3. Italy Foodservice Market Outlook, 2016-2026
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Ownership
7.3.4. Germany Foodservice Market Outlook, 2016-2026
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Ownership
7.3.5. Russia Foodservice Market Outlook, 2016-2026
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Ownership
8. Middle East & Africa Foodservice Market Outlook, 2016-2026
8.1. Market Size & Forecast
8.1.1. By Value
Table of Contents
© TechSci Research 6
S. No. Contents
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Ownership
8.2.3. By Country
8.3. Middle East & Africa: Country Analysis
8.3.1. Turkey Foodservice Market Outlook, 2016-2026
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Ownership
8.3.2. Egypt Foodservice Market Outlook, 2016-2026
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Ownership
8.3.3. South Africa Foodservice Market Outlook, 2016-2026
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
Table of Contents
© TechSci Research 7
S. No. Contents
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Ownership
8.3.4. UAE Foodservice Market Outlook, 2016-2026
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Ownership
9. South America Foodservice Market Outlook, 2016-2026
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Ownership
9.2.3. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Foodservice Market Outlook, 2016-2026
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
Table of Contents
© TechSci Research 8
S. No. Contents
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Ownership
9.3.2. Argentina Foodservice Market Outlook, 2016-2026
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Ownership
9.3.3. Colombia Foodservice Market Outlook, 2016-2026
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Ownership
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends and Developments
Table of Contents
© TechSci Research 9
S. No. Contents
12. Impact of COVID-19 on Global Foodservice Market
13. Competitive Landscape
13.1. Compass Group Plc
13.2. McDonald's Corporation
13.3. Performance Food Group Company
13.4. Sodexo Group
13.5. Aramark Corporation
13.6. Starbucks Corporation
13.7. Restaurant Brands International Inc.
13.8. Yum! Brands, Inc.
13.9. Domino's Pizza, Inc.
13.10. Inspire Brands, Inc.
14. Strategic Recommendations
15. About us & Disclaimer
Table of Contents
ServiceOverview
© TechSci Research 11
Scope of Report
Service of Interest (POI): Foodservice
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
GLOBAL FOODSERVICE MARKET
BY TYPE
• Dining Services
• Quick Service
Restaurants (QSR)
• Pubs, Bars, Cafe and
Lounges (PBCL)
• Others
BY REGION
• Europe
• North America
• Asia-Pacific
• South America
• Middle East & Africa
Food service or catering industry defines those businesses, institutions, and
companies responsible for any meal prepared outside the home. This industry
includes restaurants, school and hospital cafeterias, catering operations, and
many other formats.
Market Segmentation
BY OWNERSHIP
• Independent Outlets
• Chained Outlets
ResearchMethodology
13
© TechSci Research
Research Methodology
13
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing list
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global foodservice
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global foodservice
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research
14
© TechSci Research
Research Methodology
14
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global foodservice market. The team
has analyzed the outlook of various segments of this market, while considering the major influencing factors such as change in
consumer taste preferences, innovation in existing service offerings, urbanization, disposable income, number of women as part of
workforce and more such factors. The study includes market forecasting, which would enable our clients to take better decisions
while planning their strategy to achieve sustainability in the global foodservice market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information
collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as
foodservice companies, channel partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 20–25 foodservice companies, 300 end users, and 15–20 industry experts and other value
chain stakeholders in the global foodservice market to obtain the overall market size from 2016 to 2020, which was validated by
the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market
size data during 2016-2020.
15
© TechSci Research
Research Methodology
15
• Respondents were asked about the current and future market growth rates, market shares by type, by ownership, by region and
by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares
generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across
various segments were further triangulated from other stakeholders depending upon the type of foodservice.
Methodology Followed for Forecasting:
• Market shares by type, by ownership, by region and by company were calculated based on the responses received through
primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated
from various types of foodservice segments. The final shares were calculated by taking the geometric mean of the responses
gathered from key opinion leaders after eliminating the outliers.
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey
results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
Global foodservice market, TechSci Research used various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis
16
© TechSci Research
Research Methodology
16
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci
Research also used the impact analysis during short, medium and long-term period to estimate and analyze the market demand
scenario. It should be noted that the figures compiled are only for the organized market including market share data. The currency
used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
 Compass Group PLC
 McDonald's Corporation
 Performance Food Group Company
 Restaurant Brands International Inc.
 Yum! Brands, Inc.
 Aramark Corporation
 Sodexo Group
 Domino's Pizza, Inc.
 Starbucks Corporation
 Inspire Brands, Inc.
 World Bank
 TechSci Research Proprietary Database & Knowledge
Repository
 Company Annual Reports
 Industry Magazines
 BP Statistics
 Industry Reports
 News Dailies
 Credible Paid Databases
© TechSci Research 17
Industry Brief
Change in consumer lifestyle coupled with rise in online food delivery services to drive the global foodservice market during the forecast period.
According to TechSci Research report, “Global Foodservice Market By Type (Dining Services, QSR Quick Service Restaurants (QSR), Pubs, Bars, Cafe and Lounges (PBCL),
and Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026”, the global foodservice market is projected to
grow from USD3093.96 billion in 2020 to USD3978.83 billion in 2026, growing at a CAGR of 4.72%. The growth is expected as the companies are rearranging their operations to
recover the loss that occurred because of COVID-19, which led to the tentative shutdown of commercial activities to maintain the social distancing which resulted in operational
challenges and a huge loss to the foodservice industry. However, it is expected that the foodservice market will recover from the loss across the forecast period as it is an
unpredicted event, and it could not be defined through the ongoing weakness in the foodservice market or the global economy. To remain competitive in the market, food service
companies across the globe are entering into strategic alliances and improving their product line and hence, developing an edge over their competitors. In the year 2018,
Starbucks Corporation formed a global coffee alliance with Nestlé S.A. to accelerate and grow the global reach of Starbucks brand in consumer packaged goods and
foodservices. With a shared commitment to ethical and sustainable sourcing of coffee, this strategic alliance between Starbucks and Nestlé S.A. will transform, expand and
elevate both, at the home and away-from-home coffee and related categories around the world.
Moreover, another trend observed across the world is the decline in the volume of cash transactions. Online transactions and card payments are rising due to convenience for
both consumers and foodservice companies. Due to digitization, the person who takes orders in the restaurant can directly tap or swipe to add items and then subsequently send
orders to the kitchen in less time without leaving the floor. All the food service companies across the globe are accepting online transactions to provide a better customer
experience by offering discounts to retain customers. Thus, leading to the increasing demand for food services across the globe.
Furthermore, the launch of low-fat drinks, gluten-free products, on-the-go foodservice and online platforms, as well as attractive packaging, are all contributing to the market's
development. Even the factors such as the increasing number of working women, decline in the practice of preparing homemade food, increasing disposable income, improving
distribution channels, etc. are also catalyzing the growth of the foodservice market.
Many restaurants have recently begun introducing modern technology like tablets on their tabletops to automate the process of ordering food. For example, Chili’s, an American
casual dining restaurant chain overhauled its in-store ordering system by adding more than 45000 tablets across its 823 stores. Technology-driven solutions and facilities are
becoming more popular in bars and nightclubs. Self-ordering touchscreen kiosks, smartphone applications for personalized orders and fast payment, and digital entertainment
such as gaming are all being introduced by companies in the sector.
Asia-Pacific was the highest revenue generating region in the global foodservice market in 2020. Furthermore, the region is estimated to remain the most dominating region in
the forecast period as well, owing to the factors such as increased internet connectivity, modern and changing lifestyles and preferences, increasing disposable income of middle
income group, etc. The growth of the region is attributed to the high population density, growing industrialization and increasing food joints and restaurants in the region.
Furthermore, the countries in the region like India, Japan, South Korea, Australia, etc. exhibit huge growth potential owing to the presence of large urban agglomerations, which
results in the increasing demand for foodservices. Moreover, improving lifestyles and rising purchasing power and growing per capita income in the region, due to growing
working population are further leading to the higher demand for foodservices in the region.
The global foodservice market is competitive with the presence and minimal market share of domestic companies in countries such as China and India. Above all other aspects,
the launching of a new product has become the most critical strategy, due to the rapidly changing nature, taste, and preferences of the consumers. Also, businesses have
embraced growth through mergers and acquisitions by multinational companies, which has proven to be successful in making their presence stronger. Some of the leading
players in the market are Compass Group PLC, McDonald's Corporation, Performance Food Group Company, Sodexo Group, Aramark Corporation, Restaurant Brands
International Inc., Yum! Brands, Inc., Inspire Brands, Inc., Domino's Pizza, Inc., and Starbucks Corporation. Major foodservice companies are expanding their businesses to meet
the rising demand across North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
“The global foodservice market is anticipated to grow over 4.72% CAGR during the next five years due to growing consumer base and increasing disposable income. Moreover,
technological up-gradation and growing demand for ready-to-eat foods are further anticipated to positively influence the growth of the market through 2026,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
© TechSci Research 18
Sample Data - Snapshot
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Value (USD Billion)
Global Foodservice Market Size, By Value (USD Billion), 2016-2026F
CAGR 2016-2020
By Value: xx%
CAGR 2021E-2026F
By Value: xx%
North America Foodservice Market Share, By Type, By Value, 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Dining Service 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
QSR 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
PBCL 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Others 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
United States Foodservice Market Share, By Ownership, By Value, 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Chained Outlets 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%
Independent Outlets 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
© TechSci Research 19
Report Ordering
Report Name: GLOBAL FOODSERVICE MARKET
FORECAST AND OPPORTUNITIES
2016 – 2026
To View Sample OR Purchase Report
License Type Price
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible
for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
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Foodservice Market – Global Industry Size, Share, Trend, Opportunity and Forecast 2026 | TechSci Research

  • 1. MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL FOODSERVICE MARKET FORECAST AND OPPORTUNITIES 2016 – 2026 PUBLISHED: JULY 2021
  • 2. © TechSci Research 2 Table of Contents S. No. Contents 1. Service Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Factors Affecting Purchase Decision 4.2. Source of Information 5. Global Foodservice Market Outlook, 2016-2026 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Type (Dining Services, QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Café and Lounges) and Others 5.2.2. By Ownership (Independent Outlets vs. Chained Outlets) 5.2.3. By Region 5.2.4. By Company (2020) 5.3. Market Map (By Type, By Region) 6. North America Foodservice Market Outlook, 2016-2026 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Type
  • 3. © TechSci Research 3 S. No. Contents 6.2.2. By Ownership 6.2.3. By Country 6.3. North America: Country Analysis 6.3.1. United States Foodservice Market Outlook, 2016-2026 6.3.1.1. Market Size & Forecast 6.3.1.1.1. By Value 6.3.1.2. Market Share & Forecast 6.3.1.2.1. By Type 6.3.1.2.2. By Ownership 6.3.2. Canada Foodservice Market Outlook, 2016-2026 6.3.2.1. Market Size & Forecast 6.3.2.1.1. By Value 6.3.2.2. Market Share & Forecast 6.3.2.2.1. By Type 6.3.2.2.2. By Ownership 6.3.3. Mexico Foodservice Market Outlook, 2016-2026 6.3.3.1. Market Size & Forecast 6.3.3.1.1. By Value 6.3.2.2. Market Share & Forecast 6.3.2.2.1. By Type 6.3.2.2.2. By Ownership Table of Contents
  • 4. © TechSci Research 4 S. No. Contents 7. Europe Foodservice Market Outlook, 2016-2026 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Ownership 7.2.3. By Country 7.3. Europe: Country Analysis 7.3.1. France Foodservice Market Outlook, 2016-2026 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Type 7.3.1.2.2. By Ownership 7.3.2. United Kingdom Foodservice Market Outlook, 2016-2026 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Type 7.3.2.2.2. By Ownership Table of Contents
  • 5. © TechSci Research 5 S. No. Contents 7.3.3. Italy Foodservice Market Outlook, 2016-2026 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Type 7.3.3.2.2. By Ownership 7.3.4. Germany Foodservice Market Outlook, 2016-2026 7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value 7.3.4.2. Market Share & Forecast 7.3.4.2.1. By Type 7.3.4.2.2. By Ownership 7.3.5. Russia Foodservice Market Outlook, 2016-2026 7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By Type 7.3.5.2.2. By Ownership 8. Middle East & Africa Foodservice Market Outlook, 2016-2026 8.1. Market Size & Forecast 8.1.1. By Value Table of Contents
  • 6. © TechSci Research 6 S. No. Contents 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Ownership 8.2.3. By Country 8.3. Middle East & Africa: Country Analysis 8.3.1. Turkey Foodservice Market Outlook, 2016-2026 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Type 8.3.1.2.2. By Ownership 8.3.2. Egypt Foodservice Market Outlook, 2016-2026 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Type 8.3.2.2.2. By Ownership 8.3.3. South Africa Foodservice Market Outlook, 2016-2026 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value Table of Contents
  • 7. © TechSci Research 7 S. No. Contents 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Type 8.3.3.2.2. By Ownership 8.3.4. UAE Foodservice Market Outlook, 2016-2026 8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Type 8.3.4.2.2. By Ownership 9. South America Foodservice Market Outlook, 2016-2026 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Ownership 9.2.3. By Country 9.3. South America: Country Analysis 9.3.1. Brazil Foodservice Market Outlook, 2016-2026 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value Table of Contents
  • 8. © TechSci Research 8 S. No. Contents 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Type 9.3.1.2.2. By Ownership 9.3.2. Argentina Foodservice Market Outlook, 2016-2026 9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Type 9.3.2.2.2. By Ownership 9.3.3. Colombia Foodservice Market Outlook, 2016-2026 9.3.3.1. Market Size & Forecast 9.3.3.1.1. By Value 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Type 9.3.3.2.2. By Ownership 10. Market Dynamics 10.1. Drivers 10.2. Challenges 11. Market Trends and Developments Table of Contents
  • 9. © TechSci Research 9 S. No. Contents 12. Impact of COVID-19 on Global Foodservice Market 13. Competitive Landscape 13.1. Compass Group Plc 13.2. McDonald's Corporation 13.3. Performance Food Group Company 13.4. Sodexo Group 13.5. Aramark Corporation 13.6. Starbucks Corporation 13.7. Restaurant Brands International Inc. 13.8. Yum! Brands, Inc. 13.9. Domino's Pizza, Inc. 13.10. Inspire Brands, Inc. 14. Strategic Recommendations 15. About us & Disclaimer Table of Contents
  • 11. © TechSci Research 11 Scope of Report Service of Interest (POI): Foodservice Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 Year Range GLOBAL FOODSERVICE MARKET BY TYPE • Dining Services • Quick Service Restaurants (QSR) • Pubs, Bars, Cafe and Lounges (PBCL) • Others BY REGION • Europe • North America • Asia-Pacific • South America • Middle East & Africa Food service or catering industry defines those businesses, institutions, and companies responsible for any meal prepared outside the home. This industry includes restaurants, school and hospital cafeterias, catering operations, and many other formats. Market Segmentation BY OWNERSHIP • Independent Outlets • Chained Outlets
  • 13. 13 © TechSci Research Research Methodology 13  Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews Data Collection Developing list of Respondents Formulating Questionnaire Market Profiling Data Validation Data Analysis In-depth secondary research was conducted to determine top players in the global foodservice market, overall market size and segmental market size. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global foodservice market. Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion  Market Participants  Key Strengths  LinkedIn  TechSci Internal Database  Factiva  Hoovers Paid Sources  Company Websites  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body  Associations, etc. Secondary Research Primary Research
  • 14. 14 © TechSci Research Research Methodology 14 Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global foodservice market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as change in consumer taste preferences, innovation in existing service offerings, urbanization, disposable income, number of women as part of workforce and more such factors. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global foodservice market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as foodservice companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 20–25 foodservice companies, 300 end users, and 15–20 industry experts and other value chain stakeholders in the global foodservice market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
  • 15. 15 © TechSci Research Research Methodology 15 • Respondents were asked about the current and future market growth rates, market shares by type, by ownership, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of foodservice. Methodology Followed for Forecasting: • Market shares by type, by ownership, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of foodservice segments. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global foodservice market, TechSci Research used various forecast techniques such as:  Moving Average  Time Series Analysis  Regression Analysis  Econometric and Judgmental Analysis
  • 16. 16 © TechSci Research Research Methodology 16 TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long-term period to estimate and analyze the market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources  Compass Group PLC  McDonald's Corporation  Performance Food Group Company  Restaurant Brands International Inc.  Yum! Brands, Inc.  Aramark Corporation  Sodexo Group  Domino's Pizza, Inc.  Starbucks Corporation  Inspire Brands, Inc.  World Bank  TechSci Research Proprietary Database & Knowledge Repository  Company Annual Reports  Industry Magazines  BP Statistics  Industry Reports  News Dailies  Credible Paid Databases
  • 17. © TechSci Research 17 Industry Brief Change in consumer lifestyle coupled with rise in online food delivery services to drive the global foodservice market during the forecast period. According to TechSci Research report, “Global Foodservice Market By Type (Dining Services, QSR Quick Service Restaurants (QSR), Pubs, Bars, Cafe and Lounges (PBCL), and Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026”, the global foodservice market is projected to grow from USD3093.96 billion in 2020 to USD3978.83 billion in 2026, growing at a CAGR of 4.72%. The growth is expected as the companies are rearranging their operations to recover the loss that occurred because of COVID-19, which led to the tentative shutdown of commercial activities to maintain the social distancing which resulted in operational challenges and a huge loss to the foodservice industry. However, it is expected that the foodservice market will recover from the loss across the forecast period as it is an unpredicted event, and it could not be defined through the ongoing weakness in the foodservice market or the global economy. To remain competitive in the market, food service companies across the globe are entering into strategic alliances and improving their product line and hence, developing an edge over their competitors. In the year 2018, Starbucks Corporation formed a global coffee alliance with Nestlé S.A. to accelerate and grow the global reach of Starbucks brand in consumer packaged goods and foodservices. With a shared commitment to ethical and sustainable sourcing of coffee, this strategic alliance between Starbucks and Nestlé S.A. will transform, expand and elevate both, at the home and away-from-home coffee and related categories around the world. Moreover, another trend observed across the world is the decline in the volume of cash transactions. Online transactions and card payments are rising due to convenience for both consumers and foodservice companies. Due to digitization, the person who takes orders in the restaurant can directly tap or swipe to add items and then subsequently send orders to the kitchen in less time without leaving the floor. All the food service companies across the globe are accepting online transactions to provide a better customer experience by offering discounts to retain customers. Thus, leading to the increasing demand for food services across the globe. Furthermore, the launch of low-fat drinks, gluten-free products, on-the-go foodservice and online platforms, as well as attractive packaging, are all contributing to the market's development. Even the factors such as the increasing number of working women, decline in the practice of preparing homemade food, increasing disposable income, improving distribution channels, etc. are also catalyzing the growth of the foodservice market. Many restaurants have recently begun introducing modern technology like tablets on their tabletops to automate the process of ordering food. For example, Chili’s, an American casual dining restaurant chain overhauled its in-store ordering system by adding more than 45000 tablets across its 823 stores. Technology-driven solutions and facilities are becoming more popular in bars and nightclubs. Self-ordering touchscreen kiosks, smartphone applications for personalized orders and fast payment, and digital entertainment such as gaming are all being introduced by companies in the sector. Asia-Pacific was the highest revenue generating region in the global foodservice market in 2020. Furthermore, the region is estimated to remain the most dominating region in the forecast period as well, owing to the factors such as increased internet connectivity, modern and changing lifestyles and preferences, increasing disposable income of middle income group, etc. The growth of the region is attributed to the high population density, growing industrialization and increasing food joints and restaurants in the region. Furthermore, the countries in the region like India, Japan, South Korea, Australia, etc. exhibit huge growth potential owing to the presence of large urban agglomerations, which results in the increasing demand for foodservices. Moreover, improving lifestyles and rising purchasing power and growing per capita income in the region, due to growing working population are further leading to the higher demand for foodservices in the region. The global foodservice market is competitive with the presence and minimal market share of domestic companies in countries such as China and India. Above all other aspects, the launching of a new product has become the most critical strategy, due to the rapidly changing nature, taste, and preferences of the consumers. Also, businesses have embraced growth through mergers and acquisitions by multinational companies, which has proven to be successful in making their presence stronger. Some of the leading players in the market are Compass Group PLC, McDonald's Corporation, Performance Food Group Company, Sodexo Group, Aramark Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., Inspire Brands, Inc., Domino's Pizza, Inc., and Starbucks Corporation. Major foodservice companies are expanding their businesses to meet the rising demand across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. “The global foodservice market is anticipated to grow over 4.72% CAGR during the next five years due to growing consumer base and increasing disposable income. Moreover, technological up-gradation and growing demand for ready-to-eat foods are further anticipated to positively influence the growth of the market through 2026,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
  • 18. © TechSci Research 18 Sample Data - Snapshot 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Billion) Global Foodservice Market Size, By Value (USD Billion), 2016-2026F CAGR 2016-2020 By Value: xx% CAGR 2021E-2026F By Value: xx% North America Foodservice Market Share, By Type, By Value, 2016-2026F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Dining Service 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% QSR 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% PBCL 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Others 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% United States Foodservice Market Share, By Ownership, By Value, 2016-2026F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Chained Outlets 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% Independent Outlets 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
  • 19. © TechSci Research 19 Report Ordering Report Name: GLOBAL FOODSERVICE MARKET FORECAST AND OPPORTUNITIES 2016 – 2026 To View Sample OR Purchase Report License Type Price Single User License $4900 Multi-User License $5900 Custom Research License $8900
  • 20. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Organic Food Market, By Product Type (Fruits & Vegetables; Meat, Poultry & Dairy; Processed Food and Others), By Distribution Channel (Store-based Retail and Non-Store-based Retail), By Region, Competition, Forecast & Opportunities, 2026 • Saudi Arabia Online Food Ordering and Delivery Market, By Operation Type (Food Aggregators and Restaurant-Based), By Source {Online (Mobile App and Web) and Offline}, By Payment (Mobile Wallet, Card Payment, Cash on Delivery and Net Banking), By Region, Competition Forecast & Opportunities, 2026 • Brazil Food Services Market, By Sector (Commercial v/s Non-Commercial), By System (Conventional, Centralized, Ready Prepared, Assembly- Served), By Restaurant Type (Quick-Service Restaurants, Full-Service Restaurants, Cafes/Bars and 100% Home Delivery), By Structure (Chained Outlets v/s Independent Outlets), By Region, Competition, Forecast & Opportunities, 2025 The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com