Global Foodservice Market Forecast 2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

GLOBAL FOODSERVICE MARKET FORECAST & OPPORTUNITIES

2016 – 2026

2

Scope of ReportProduct of Interest (POI): Foodservice

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

Food service or catering industry defines those businesses, institutions, and companiesresponsible for any meal prepared outside the home. This industry includes restaurants,school and hospital cafeterias, catering operations, and many other formats.

Market Segmentation

TYPE

• Dining Service

• QSR

• PBCL

• Others

REGION

• Europe

• North America

• South America

• Middle East & Africa

• Asia Pacific

OWNERSHIP

• Independent Outlets

• Chained Outlets

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Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors Affecting Purchase Decision

4.2. Brand Awareness

4.3. Challenges Post Purchase

4.4. Preferred Distribution Channel

5. Global Foodservice Market Outlook, 2016-2026F

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1.By Type (Dining Service, QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Cafe

and Lounges), and Others)

5.2.2. By Ownership (Independent Outlets vs. Chained Outlets)

5.2.5. By Region

5.2.6. By Company (2020)

5.3. Market Map

6. Asia-Pacific Foodservice Market Outlook, 2016-2026F


6.1.1. By Value


4


6.2.1. By Type

6.2.2. By Ownership

6.2.3. By Country

6.3. Asia Pacific: Country Analysis

6.3.1. China Foodservice Market Outlook, 2016-2026F

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. India Foodservice Market Outlook, 2016-2026F


6.3.2.1.1. By Value


6.3.2.2.1. By Type


6.3.3. Japan Foodservice Market Outlook, 2016-2026F


6.3.3.1.1. By Value


6.3.3.2.1. By Type

Table of Contents

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6.3.4. South Korea Foodservice Market Outlook, 2016-2026F


6.3.4.1.1. By Value


6.3.4.2.1. By Type


6.3.5. Australia Foodservice Market Outlook, 2016-2026F


6.3.5.1.1. By Value


6.3.5.2.1. By Type


7. Europe Foodservice Market Outlook, 2016-2026F


7.1.1. By Value


7.2.1. By Type

7.2.2 By Ownership

7.2.3. By Country

Table of Contents

6


7.3. Europe: Country Analysis

7.3.1. France Foodservice Market Outlook, 2016-2026F


7.3.1.1.1. By Value


7.3.1.2.1. By Type


Table of Contents

7.3.2. United Kingdom Foodservice Market Outlook, 2016-2026F


7.3.2.1.1. By Value


7.3.2.2.1. By Type


7.3.3. Italy Foodservice Market Outlook, 2016-2026F


7.3.3.1.1. By Value


7.3.3.2.1. By Type


7.3.4. Germany Foodservice Market Outlook, 2016-2026F


7.3.4.1.1. By Value


7


7.4.4.2.1. By Type


7.3.5. Russia Foodservice Market Outlook, 2016-2026F


7.3.5.1.1. By Value


7.3.5.2.1. By Type


Table of Contents

8. North America Foodservice Market Outlook, 2016-2026F


8.1.1. By Value


8.2.1. By Type

8.2.2 By Ownership

8.2.3. By Country

8.3. North America: Country Analysis

8.3.1. United States Foodservice Market Outlook, 2016-2026F


8.3.1.1.1. By Value


8.3.1.2.1. By Type


8


8.3.2. Mexico Foodservice Market Outlook, 2016-2026F


8.3.2.1.1. By Value


8.3.2.2.1. By Type


8.3.3. Canada Foodservice Market Outlook, 2016-2026F


8.3.3.1.1. By Value


8.3.3.2.1. By Type


9. South America Foodservice Market Outlook, 2016-2026F


9.1.1. By Value


9.2.1. By Type

9.2.2 By Ownership

9.2.3. By Company

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Foodservice Market Outlook, 2016-2026F


Table of Contents

9


9.3.1.1.1. By Value


9.3.1.2.1. By Type


9.4.2. Argentina Foodservice Market Outlook, 2016-2026F


9.4.2.1.1. By Value


9.4.2.2.1. By Type


9.4.3. Colombia Foodservice Market Outlook, 2016-2026F


9.4.3.1.1. By Value


9.4.3.2.1. By Type


10. Middle East and Africa Foodservice Market Outlook, 2016-2026F


10.1.1. By Value


10.2.1. By Type

10.2.2 By Ownership

Table of Contents

10


10.2.3. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Foodservice Market Outlook, 2016-2026F

10.3.1.1.Market Size & Forecast

10.3.1.1.1. By Value

10.3.2.2.Market Share & Forecast

10.3.2.2.1. By Type


10.3.2. Saudi Arabia Foodservice Market Outlook, 2016-2026F


10.3.2.1.1. By Value


10.3.2.2.1. By Type


10.3.3. UAE Foodservice Market Outlook, 2016-2026F


10.3.3.1.1. By Value


10.3.3.2.1. By Type


Table of Contents

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10.3.4. Qatar Foodservice Market Outlook, 2016-2026F


10.3.4.1.1. By Value


10.3.4.2.1. By Type


Table of Contents

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Impact of COVID-19 on Global Foodservice Market

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles (Top 10)

14.2.1. Company details

14.2.2. Financials (As Reported)

14.2.3. Product & Services

14.2.4. Key market focus and geographical presence

14.2.5. Expansion Strategies

14.2.6. Key Management Personnel

15. Strategic Recommendations

16. About us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ 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

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ 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

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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 continuous change in consumer tastes,

increasing innovation in existing products, rapid urbanization. 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 15 – 20 foodservice companies, 100 – 120 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.

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• Respondents were asked about the current and future market growth rates, market shares by type, by ownership, by company and by each

region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across

various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various type were further

triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by type, by ownership, by company and by each region 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. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after

eliminating the outliers.

Methodology Followed for Forecasting:

• 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

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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 the demand and to reach accurate market numbers. 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

▪ Sodexo Group

▪ Aramark Corporation

▪ Restaurant Brands International Inc.

▪ Yum! Brands, Inc.

▪ Autogrill S.p.A.

▪ Domino's Pizza, Inc.

▪ Starbucks Corporation

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Foodservice Market By Type (Dining Service (Hotels, Restaurants), QSR (Quick Service Restaurants), PBCL (Pubs, Bars, Cafe and Lounges), and

Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026”, the global foodservice market is anticipated to grow from USD3093.96

billion in 2020 to USD3978.83 billion in 2026 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. As the trend for socializing in cafes is increasing among the urban millennials and it is majorly the youngest population which is driving the growth of the chained

foodservice market at a much faster pace. Also, the rapid increase in infrastructural development like airports, metro services, hospital facilities, malls, and expressways in emerging countries has

given hopes to various chained outlets to increase their market share. Consequently, the growing trend for fast-food and ready to eat items has caused an immense boost to the chained foodservice

market. Moreover, 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. The foodservice market deals with both internal as well as external factors to meet the expectations of the target audience, such factors are heavy

chef rotations, green packaging and waste reduction, holistic dining experience, menu optimization, and cashless transactions and digitalization. Nowadays people are more demanding, not in just

terms of taste of the food or cuisine but are also concerned about the décor, environment, efficiency of the service provider, cost optimization, consistency with the food taste, and the digital mode of

transactions. 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. It is the dining service restaurants, which is the most widespread foodservice model (contributing to the one-third of the food-service market). But it is expected that due to pertaining

demand for the fast-food market, it will be the quick service restaurant (QSR) segment that is expected to grow at faster pace than the market of dining service restaurants in the upcoming future

market. The largest market share of the foodservice industry will be dominated by the Asia-Pacific region in the forecast period. This can be attributed to the fact that this region holds the largest

portion of the young and millennial population combined with the increase in the number of restaurants, a combination of different culture and cuisine. It is witnessed that there is an increasing

preference and demand by the people to eat outside due to which value of services provided by the restaurants gets improvised.

Compass Group PLC, McDonald's Corporation, Performance Food Group Company, Sodexo Group, Aramark Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., Autogrill S.p.A.,

Domino's Pizza, Inc., and Starbucks Corporation are some of the leading players operating in the global foodservice market. Major foodservice companies are expanding their manufacturing bases to

meet the rising demand across developing countries in North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

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.

“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.

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

By Value (USD Million)

Global Foodservice Market Size, By Value (USD Million), 2016–2026F

CAGR By Value

XX%CAGR By Value

YY%Asia-Pacific Foodservice Market Share, By Type, By Value, 2016–2026F

30%30%30%30%30%30%30%30%30%30%30%

30%30%30%30%30%30%30%30%30%30%30%

30%30%30%30%30%30%30%30%30%30%30%

10%10%10%10%10%10%10%10%10%10%10%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Dining Service QSR PBCL Others

40%40%40%40%40%40%40%40%40%40%40%

60%60%60%60%60%60%60%60%60%60%60%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Independent Outlets Chained Outlets

India Foodservice Market Share, By Ownership, By Value, 2016–2026F

19

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FORECAST & OPPORTUNITIES2016 – 2026

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number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

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model of a country, regional and global industry prospects. Combined with the detailed analysis of 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 considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions 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 thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize 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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