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Global foodservice revenues are forecast to rise 3.7% per year to $4.4 trillion in 2024. Despite significant short-term losses in 2020 and 2021 due to the COVID-19 pandemic, global revenues will rebound as countries reopen “nonessential” businesses, including foodservice establishments. Market growth will be supported by:
Through 2024, the Asia/Pacific region, led by China, is expected to account for 64% of global revenue gains. Foodservice markets are rapidly expanding in large developing countries such as China, India, and Indonesia, where rising incomes and Westernizing dining customs are driving new demand for foodservice. In particular, these trends support strong growth opportunities for limited-service, as global chains – including KFC, McDonald’s, Pizza Hut, Starbucks, and Taco Bell – continue to target the region for expansion.
Regional revenue growth will also be supported by healthy (if more moderate) advances in mature markets such as Australia and Japan. Although the greatest absolute gains will come from the large but slow-growing full-service dining segment, more innovative areas are growing most quickly. Opportunities exist in investments that expand the use of self-service kiosks, vending machines, and food delivery robots in China, Japan, and South Korea.
The US is by far the world’s largest foodservice market, accounting for 25% of global revenues in 2019 and registering the highest per capita spending levels of any country. Through 2024, US revenues will benefit from resurging interest in fine dining. However, the fastest growth is expected for fast casual concepts, which offer the quality of full-service and the convenience of fast food as US consumers increasingly prefer healthy, high-quality meal options that can be quickly consumed onsite or on the go.
Cloud kitchens are nonpublic brick-and-mortar foodservice facilities exclusively dedicated to producing and dispatching meals ordered online, which gained a boost of importance during shutdowns surrounding the COVID-19 pandemic. Even before the pandemic, the ability of cloud kitchens to enhance online food delivery business was leading to broad expansion efforts globally. Grab (Singapore), Uber (US), and Rebel Foods (India) announced plans to expand cloud kitchen facilities in various markets and traditional foodservice brands – including Chick-fil-A and Inspire Brands – are investing in cloud kitchen capacity.
1. Executive Summary
2. Overview
Key Findings
Foodservice Revenues by Region
Per Capita Spending on Foodservice
Foodservice Revenues by Segment
Eating & Drinking Places vs. Other Foodservice Establishments
Full-Service Restaurants
Quick-Service & Fast Casual Restaurants
Other Eating & Drinking Places
Other Foodservice Establishments
Factors That Impact the Foodservice Industry
Economic Growth & Personal Incomes
Competition & Cost-Cutting Pressures
Food Culture & Traditions
Health & Wellness Concerns
Impact of COVID-19 on the Foodservice Industry
3. Key Trends in the Foodservice Industry
Sustainability
Trends in Sustainability
Packaging
Food Waste
Sourcing
Off-Site Eating Options
Food Delivery Services
Cloud Kitchens
Catering Services
Technology & Innovation
Online & App-Based Ordering
Cashierless Restaurants/Order Kiosks/Grab & Go
Automated/Waiterless Restaurants
Robot/Drone Delivery
Menu Trends
Plant-Based Options
Limited-Service Menu Simplification
4. North America
North America: Key Findings & Market Size
North America: Foodservice Revenues by Type
United States
United States: Market Size & Key Trends
United States: Foodservice Revenues by Type
United States: Leading Foodservice Chains
Canada
Canada: Market Size & Key Trends
Canada: Foodservice Revenues by Type
Canada: Leading Foodservice Chains
Mexico
Mexico: Market Size & Key Trends
Mexico: Foodservice Revenues by Type
Mexico: Leading Foodservice Chains
5. Central & South America
Central & South America: Key Findings & Market Size
Central & South America: Foodservice Revenues by Type
Country Trends
Leading Foodservice Chains
6. Western Europe
Western Europe: Key Findings & Market Size
Western Europe: Foodservice Revenues by Type
Italy
Italy: Market Size & Key Trends
Italy: Foodservice Revenues by Type
Italy: Leading Foodservice Chains
France
France: Market Size & Key Trends
France: Foodservice Revenues by Type
France: Leading Foodservice Chains
Germany
Germany: Market Size & Key Trends
Germany: Foodservice Revenues by Type
Germany: Leading Foodservice Chains
United Kingdom
United Kingdom: Market Size & Key Trends
United Kingdom: Foodservice Revenues by Type
United Kingdom: Leading Foodservice Chains
Spain
Spain: Market Size & Key Trends
Spain: Foodservice Revenues by Type
Spain: Leading Foodservice Chains
Netherlands
Netherlands: Market Size & Key Trends
Netherlands: Foodservice Revenues by Type
Netherlands: Leading Foodservice Chains
Other Western Europe
Other Western Europe: Market Size & Key Trends
Other Western Europe: Foodservice Revenues by Type
Other Western Europe: Leading Foodservice Chains
7. Eastern Europe
Eastern Europe: Key Findings & Market Size
Eastern Europe: Foodservice Revenues by Type
Country Trends
Leading Foodservice Chains
8. Asia/Pacific
Asia/Pacific: Key Findings & Market Size
Asia/Pacific: Foodservice Revenues by Type
China
China: Market Size & Key Trends
China: Foodservice Revenues by Type
China: Leading Foodservice Chains
Japan
Japan: Market Size & Key Trends
Japan: Foodservice Revenues by Type
Japan: Leading Foodservice Chains
South Korea
South Korea: Market Size & Key Trends
South Korea: Foodservice Revenues by Type
South Korea: Leading Foodservice Chains
India
India: Market Size & Key Trends
India: Foodservice Revenues by Type
India: Leading Foodservice Chains
Indonesia
Indonesia: Market Size & Key Trends
Indonesia: Foodservice Revenues by Type
Indonesia: Leading Foodservice Chains
Australia
Australia: Market Size & Key Trends
Australia: Foodservice Revenues by Type
Australia: Leading Foodservice Chains
Thailand
Thailand: Market Size & Key Trends
Thailand: Foodservice Revenues by Type
Thailand: Leading Foodservice Chains
Taiwan
Taiwan: Market Size & Key Trends
Taiwan: Foodservice Revenues by Type
Taiwan: Leading Foodservice Chains
Other Asia/Pacific
Other Asia/Pacific: Market Size & Key Trends
Other Asia/Pacific: Foodservice Revenues by Type
Other Asia/Pacific: Leading Foodservice Chains
9. Africa/Mideast
Africa/Mideast: Key Findings & Market Size
Africa/Mideast: Foodservice Revenues by Type
Country Trends
Leading Foodservice Chains
10. List of Industry Participants
11. Appendix
Scope
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Country Lists by Region
Macroeconomic Assumptions
Economic Environment
Demographic Trends
2. Overview
Table 2-1 | Global Foodservice Revenues by Region, 2009 - 2024 (billion dollars)
Table 2-2 | Global Foodservice Revenues by Segment, 2009 - 2024 (billion dollars)
Table 2-3 | Global Full-Service Restaurant Foodservice Revenues by Region, 2009 - 2024 (billion dollars)
Table 2-4 | Global Quick-Service & Fast Casual Restaurant Foodservice Revenues by Region, 2009 - 2024 (billion dollars)
Table 2-5 | Global Other Eating & Drinking Place Foodservice Revenues by Region, 2009 - 2024 (billion dollars)
Table 2-6 | Global Other Foodservice Establishment Foodservice Revenues by Region, 2009 - 2024 (billion dollars)
4. North America
Table 4-1 | North America: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 4-2 | United States: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 4-3 | Canada: Foodservice Revenues by Type, 2009 - 2024 (billion US dollars)
Table 4-4 | Mexico: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
5. Central & South America
Table 5-1 | Central & South America: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 5-2 | Brazil: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 5-3 | Other Central & South America: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
6. Western Europe
Table 6-1 | Western Europe: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-2 | Italy: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-3 | France: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-4 | Germany: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-5 | United Kingdom: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-6 | Spain: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-7 | Netherlands: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 6-8 | Other Western Europe: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
7. Eastern Europe
Table 7-1 | Eastern Europe: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 7-2 | Russia: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 7-3 | Poland: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 7-4 | Other Eastern Europe: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
8. Asia/Pacific
Table 8-1 | Asia/Pacific: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-2 | China: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-3 | Japan: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-4 | South Korea: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-5 | India: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-6 | Indonesia: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-7 | Australia: Foodservice Revenues by Type, 2009 - 2024 (billion US dollars)
Table 8-8 | Thailand: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 8-9 | Taiwan: Foodservice Revenues by Type, 2009 - 2024 (billion US dollars)
Table 8-10 | Other Asia/Pacific: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
9. Africa/Mideast
Table 9-1 | Africa/Mideast: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 9-2 | Turkey: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
Table 9-3 | Other Africa/Mideast: Foodservice Revenues by Type, 2009 - 2024 (billion dollars)
10. List of Industry Participants
Table 10-1 | Selected Industry Participants
11. Appendix
Table 11-1 | Scope: Foodservice Establishment Examples
Table 11-2 | Relevant Industry Codes
Table 11-3 | Relevant NACE Codes
Table 11-4 | Abbreviations & Acronyms Used in Study
Table 11-5 | Countries in North America
Table 11-6 | Countries in Central & South America
Table 11-7 | Countries in Western Europe
Table 11-8 | Countries in Eastern Europe
Table 11-9 | Countries in the Asia/Pacific Region
Table 11-10 | Countries in the Africa/Mideast Region
Table 11-11 | January 2020 Global Gross Domestic Product by Region & Country, 2009 - 2024 (billion 2018 dollars)
Table 11-12 | Global Population by Region & Country, 2009 - 2024 (million persons)
1. Executive Summary
Figure 1-1 | Key Trends in the Global Foodservice Market
2. Overview
Figure 2-1 | Global Foodservice Market Overview
Figure 2-2 | Foodservice Revenue Per Capita by Country, 2019
Figure 2-3 | Global Foodservice Revenues by Segment, 2009 - 2024 (billion dollars)
Figure 2-4 | Per Capita GDP by Country, 2019
Figure 2-5 | Per Capita GDP by Country, 2019 - 2024 (% CAGR)
3. Key Trends in the Foodservice Industry
Figure 3-1 | Sustainable & Recyclable Packaging: Product Examples
Figure 3-2 | Foodservice Compositing: Examples
Figure 3-3 | Sustainable Food Sourcing Example: Starbucks
Figure 3-4 | Self-Service Technology Innovations
Figure 3-5 | Plant-Based Meat Alternatives
4. North America
Figure 4-1 | North America: Foodservice Market Key Indicators, 2019
Figure 4-2 | United States: Foodservice Market Key Indicators, 2019
Figure 4-3 | United States: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 4-4 | Canada: Foodservice Market Key Indicators, 2019
Figure 4-5 | Canada: Foodservice Revenues, 2007 - 2019 (billion US dollars)
Figure 4-6 | Mexico: Foodservice Market Key Indicators, 2019
Figure 4-7 | Mexico: Foodservice Revenues, 2007 - 2019 (billion dollars)
5. Central & South America
Figure 5-1 | Central & South America: Foodservice Market Key Indicators, 2019
6. Western Europe
Figure 6-1 | Western Europe: Foodservice Market Key Indicators, 2019
Figure 6-2 | Italy: Foodservice Market Key Indicators, 2019
Figure 6-3 | Italy: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 6-4 | France: Foodservice Market Key Indicators, 2019
Figure 6-5 | France: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 6-6 | Germany: Foodservice Market Key Indicators, 2019
Figure 6-7 | Germany: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 6-8 | United Kingdom: Foodservice Market Key Indicators, 2019
Figure 6-9 | United Kingdom: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 6-10 | Spain: Foodservice Market Key Indicators, 2019
Figure 6-11 | Spain: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 6-12 | Netherlands: Foodservice Market Key Indicators, 2019
Figure 6-13 | Netherlands: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 6-14 | Other Western Europe: Foodservice Market Key Indicators, 2019
Figure 6-15 | Other Western Europe: Foodservice Revenues, 2007 - 2019 (billion dollars)
7. Eastern Europe
Figure 7-1 | Eastern Europe: Foodservice Market Key Indicators, 2019
8. Asia/Pacific
Figure 8-1 | Asia/Pacific: Foodservice Market Key Indicators, 2019
Figure 8-2 | China: Foodservice Market Key Indicators, 2019
Figure 8-3 | China: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-4 | Japan: Foodservice Market Key Indicators, 2019
Figure 8-5 | Japan: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-6 | South Korea: Foodservice Market Key Indicators, 2019
Figure 8-7 | South Korea: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-8 | India: Foodservice Market Key Indicators, 2019
Figure 8-9 | India: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-10 | Indonesia: Foodservice Market Key Indicators, 2019
Figure 8-11 | Indonesia: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-12 | Australia: Foodservice Market Key Indicators, 2019
Figure 8-13 | Australia: Foodservice Revenues, 2007 - 2019 (billion US dollars)
Figure 8-14 | Thailand: Foodservice Market Key Indicators, 2019
Figure 8-15 | Thailand: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-16 | Taiwan: Foodservice Market Key Indicators, 2019
Figure 8-17 | Taiwan: Foodservice Revenues, 2007 - 2019 (billion dollars)
Figure 8-18 | Other Asia/Pacific: Foodservice Market Key Indicators, 2019
Figure 8-19 | Other Asia/Pacific: Foodservice Revenues, 2007 - 2019 (billion dollars)
9. Africa/Mideast
Figure 9-1 | Africa/Mideast Foodservice Market Key Indicators, 2019
11. Appendix
Figure 11-1 | Real GDP: January 2020 Forecast vs. May 2020 Revised Forecast (% annual change)
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