SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market
study published by Global Industry Analysts Inc., (GIA) the premier
market research company, today released its report
titled "Food Service Industry - Global Market Trajectory &
Analytics". The report presents fresh perspectives on opportunities
and challenges in a significantly transformed post COVID-19
marketplace.
FACTS AT A GLANCE
Edition: 15; Released: April 2021
Executive Pool: 3957
Companies: 424 - Players covered include Aramark
Corporation; Arby's Restaurant Group, Inc.; Autogrill S.p.A.; AVI
Foodsystems, Inc.; Carl's Jr. Restaurants LLC; Cheney Brothers, Inc.; Compass Group PLC; Del
Taco LLC; Domino's Pizza, Inc.; Food Services of America; Gordon
Food Service; Guest Services, Inc.; Labatt Food Service; McDonald's
Corporation; Papa John's International, Inc.; Performance Food
Group; Reinhart Foodservice LLC; Restaurant Brands International
Inc.; Shamrock Foods Company; Sodexo Group; Starbucks Coffee
Company; Sysco Corporation; US Foods, Inc.; Yum! Brands, Inc. and
Others.
Coverage: All major geographies and key segments
Segments: System Type (Conventional Food Service,
Centralized Food Service, Ready Prepared Food Service, and Assembly
Food Service); Type of Restaurant (Fast Food Restaurants, Full
Service Restaurants, Limited Service Restaurants, and Special Food
Services Restaurants)
Geographies: World; United
States; Canada;
Japan; China; Europe
(France; Germany; Italy; United
Kingdom; Spain;
Russia; and Rest of Europe); Asia-Pacific (Australia; India; South
Korea; and Rest of Asia-Pacific); Latin
America (Argentina;
Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel;
Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing
global program. Preview our research program before you make a
purchase decision. We are offering a complimentary access to
qualified executives driving strategy, business development, sales
& marketing, and product management roles at featured
companies. Previews provide deep insider access to business trends;
competitive brands; domain expert profiles; and market data
templates and much more. You may also build your own bespoke report
using our MarketGlass™ Platform which offers thousands of data
bytes without an obligation to purchase our report. Preview
Registry
ABSTRACT-
Global Food Service Industry Market to Reach $4.1 Trillion by 2026
Amid the COVID-19 crisis, the global market for Food Service
Industry estimated at US$3.5 Trillion
in the year 2020, is projected to reach a revised size of
US$4.1 Trillion by 2026, growing at a
CAGR of 2.7% over the analysis period. Conventional Food Service,
one of the segments analyzed in the report, is projected to record
a 3.1% CAGR and reach US$1.7 Trillion
by the end of the analysis period. After a thorough analysis of the
business implications of the pandemic and its induced economic
crisis, growth in the Centralized Food Service segment is
readjusted to a revised 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $962.8
Billion in 2021, While China is Forecast to Reach
$809.3 Billion by 2026
The Food Service Industry market in the U.S. is estimated at
US$962.8 Billion in the year 2021.
China, the world`s second largest
economy, is forecast to reach a projected market size of
US$809.3 Billion by the year 2026
trailing a CAGR of 5% over the analysis period. Among the other
noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2%
respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately
1.2% CAGR.
Ready Prepared Food Service Segment to Reach US$810.9 Billion by the year 2026
In the global Ready Prepared Food Service segment, USA, Canada,
Japan, China and Europe will drive the 2.4% CAGR estimated for
this segment. These regional markets accounting for a combined
market size of US$523.5 Billion in
the year 2020 will reach a projected size of US$617.2 Billion by the close of the analysis
period. China will remain among
the fastest growing in this cluster of regional markets.
More
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center
that is custom configurable to today`s busy business executive`s
intelligence needs! This influencer driven interactive research
platform is at the core of our primary research engagements and
draws from unique perspectives of participating executives
worldwide. Features include - enterprise-wide peer-to-peer
collaborations; research program previews relevant to your company;
3.4 million domain expert profiles; competitive company profiles;
interactive research modules; bespoke report generation; monitor
market trends; competitive brands; create & publish blogs &
podcasts using our primary and secondary content; track domain
events worldwide; and much more. Client companies will have
complete insider access to the project data stacks. Currently in
use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible
from our website www.StrategyR.com or via our just released mobile
application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned
market research publisher the world`s only influencer driven market
research company. Proudly serving more than 42,000 clients from 36
countries, GIA is recognized for accurate forecasting of markets
and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com
LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
Info411@strategyr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/valued-to-be-4-1-trillion-by-2026--food-service-industry-slated-for-steady-growth-worldwide-301379341.html
SOURCE Global Industry Analysts, Inc.