The Food Service Industry size was valued at USD 998.96 Billion in 2024 and the total Food Service revenue is expected to grow at a CAGR of 10.2% from 2025 to 2032, reaching nearly USD 2172.71 Billion.

Market Definition:

During 2024, the foodservice (FS) market continued to perform well, both in terms of value and transaction volume. Foodservice (FS) showed remarkable dynamism in terms of sector development, bringing new paradigms and cross-pollination with adjacent businesses. After all, the foodservice industry is one of the most important contributors to global and national GDP, especially when considering the whole volume of business influenced by its induced value.

Ask for Sample to Know US Tariff Impacts on Food Service Industry @ https://www.maximizemarketresearch.com/request-sample/99373/

Market Dynamics:

Full-service restaurants are the most common foodservice type, accounting for about half of the global market share and driving expansion alongside the quick-service restaurant segment. The full-service restaurant market is concentrated in the top ten nations by population, which account for more than 80% of the global. China (37%) is first, followed by the United States (28%), and Japan (7%), while Italy is first among Europe countries in terms of market value. When it comes to ownership (chains vs. independent), chains account for over 30% of the global market, with Asia Pacific and Europe driving quicker development than the overall average. On the other hand, North America has the largest chain penetration (55 percent).

Chefs and Foodservice operators

Suppliers will raise prices to partially compensate for the decline in the volume of business, which will affect chefs and food service operators. Furthermore, government responses to sanitary emergencies will have a substantial impact on the capacity available on the premises. In this environment, customers will adopt a "homebody" mentality and minimize social events, both for the sake of acquiring information and for the sake of modifying their lifestyles.

Food & Beverage producers & distributors

Foodservice and Away from Home channels are major volume drivers for food and beverage product manufacturers and distributors. Along with branding drivers, bars, coffee shops, and restaurants are important consumer touchpoints for product discovery and experience. Due to the closure of several eateries and a drop in business volume, Covid-19 will have an impact on this segment. Because of the lack of diversification compared to other channels, small and local producers are likely to suffer the most (e.g. retail).

Top 10 most ordered cuisines:

In 2024, food delivery stats in Italy exploded, with more than a 30% increase in restaurant-delivery platform partnerships, a 27% increase in service territory coverage, and a coverage rate of about 70% of the Italian population. Millennials (58 percent) are still the most likely to order food for delivery, with a significant preference for pizza.

Along with growing demand for quick food and casual dining, increasing consumer awareness of QSRs is one of the primary forces driving the chained foodservice market's growth. Focusing on the type of event, the Retail category leads the way, followed by Entertainment, with the spread of grocerant formats playing a key role. Instead, delivery has grown at a double-digit rate in the last five years in terms of consumption modes.

Explore key trends, innovations & market forecasts: https://www.maximizemarketresearch.com/market-report/global-foodservice-market/99373/

Segmentation Analysis

The global food service market can be segmented as follows:

by Type

Full-Service Restaurants
Quick Service Restaurants
Institutes
Others

by Service Type

Commercial
Institutional

Delivery platforms

The only players that will benefit from the Covid-19 situation are delivery platforms and operators. There could be a manpower/rider scarcity, as well as a lack of fulfillment centers. These players will have more opportunities in the aftermath of the pandemic. The objective of the report is to present a comprehensive analysis of the global Food Service to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

Competitive Landscape (Commutator Analysis)

1.Aramark Corporation
2. Compass Group North America
3. Doctor’s Associates Inc.
4. Domino’s
5.McDonald’s Corp.
6. Restaurant Brands International
7. Seven & I Holdings Co. Ltd.
8. Sodexo
9. Starbucks Corporation
10. Yum! Brands Inc
11. Others

Press Release Conclusion

The global food service industry is entering a vibrant growth phase, poised to surpass USD 2.17 trillion by 2032. Demand for convenience, digital innovation, health-oriented offerings, and sustainable business practices is reshaping the competitive landscape. Full-service and quick-service restaurants continue to dominate market share, while cloud kitchens and delivery-focused models rapidly gain ground.

Established markets like the United States and Germany showcase a strong culture of dining-out complemented by growing health and sustainability trends, while emerging economies present abundant growth prospects. Businesses agile enough to integrate new technologies, embrace evolving consumer preferences, and invest in sustainable operations will lead the charge in this dynamic and expanding industry.

About Us

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Maximize Market Research

MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
[email protected]