Global Foodservice Market Size, Value, Main Segmentation and Analysis of Affecting Factors

Pune India - March 14, 2018 /MarketersMEDIA/ —

The global foodservice industry had total revenues of $3,628.6bn in 2016, representing a compound annual growth rate (CAGR) of 4.5% between 2012 and 2016. Industry consumption volume increased with a CAGR of 3.1% between 2012 and 2016, to reach a total of 526.2 billion transactions in 2016. Strong competition and a trend towards cheaper food will likely result in slower growth in the forecast period.
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The food service industry is valued according to total sales of all food and drink (soft and alcoholic) in or through accommodation outlets, pubs, clubs, and bars, full service restaurants, quick service restaurants and fast food, and other. The accommodation segment includes food and drinks sales in bed and breakfasts, guest houses, holiday parks, hostels, and hotels and motels. The pub, club and bar segment includes food and drink sales at nightclubs, private member and social clubs, and pubs and bars. The other segment includes food and drink sales in leisure venues, such as visitor attractions; mobile operators, such as vans and other mobile operators; retailers, such as bakeries, convenience stores, delicatessens, department stores, garden centers, service station forecourts, supermarkets and hypermarkets, and other retail sales. Market volume is defined as the total number of transactions. All currency conversions were carried out at constant 2016 average annual exchange rates.
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Reasons To Buy
• What was the size of the global foodservice market by value in 2016?
• What will be the size of the global foodservice market in 2021?
• What factors are affecting the strength of competition in the global foodservice market?
• How has the market performed over the last five years?
• What are the main segments that make up the global foodservice market?
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