The Future of the Global Foodservice Industry to 2027, by Channel, Trends, Profit and Cost Metrics, Outlet-Type, Transactions and Growth Dynamics

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Mar 01, 2024, 12:15 ET

DUBLIN, March 1, 2024 /PRNewswire/ -- The "Future of Foodservice to 2027" report has been added to ResearchAndMarkets.com's offering.

The Future of Foodservice Industry report provides extensive insight and analysis of the Global Foodservice market over the next five years and acts as a vital point of reference for operators or suppliers.

The total revenue of the global profit sector totaled $3.7 trillion in 2022, having declined at a negative compound annual growth rate (CAGR) of 1% during 2017-22. The number of transactions declined at a negative CAGR of 1%, while the outlet count grew at a CAGR of 0.6%. The COVID-19 pandemic caused an economic slowdown that disrupted the profit sector's performance in 2020-21. In addition, foodservice sales were impacted by high inflation in 2022 due to the Russia-Ukraine invasion. In 2022, FSR was the largest foodservice channel, with a value share of 39%, followed by QSR with 29.2%. Pub, club & bar was the third-largest channel by revenue in 2022, with value sales of $317 billion, equivalent to a 8.6% share of overall sector revenue. It was followed by the accommodation channel, which held a 5.9% share.

The report includes -

Overview of Global macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Global foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Global foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Global population.
Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Report Scope

QSR was the second-largest channel in global foodservice profit sector in 2022, with a value share of 29.2%. Over 2017-22, the channel's sales declined at a negative CAGR of 2% and totaled and totaled $1,074.4 billion in 2022.
Valued at $1,436.4 billion in 2022, FSR is the largest channel in the global foodservice profit sector. The channel accounted for a 39% share of total profit sector revenue in 2022. Due to pandemic-related restrictions, the channel decreased at a negative CAGR of 0.6% during 2017-22. Furthermore, the number of transactions declined at a negative CAGR of 1% over the period.
The coffee & tea shop channel posted value sales of $197.4 billion in 2022, after decreasing at a negative CAGR of 1.2% during 2017-22. Over the latter period, the number of transactions also fell, contracting at a negative CAGR of 0.4%, while the number of outlets achieved a CAGR of 4.2%. Milk, carbonates, and packaged water are the channel's most popular options in terms of non-alcoholic beverages.
Pub, club & bar accounted for 8.6% of profit sector value sales in 2022. The channel contracted at a negative CAGR of 5.4% during 2017-22, from $419.3 billion to $317.5 billion. This reflected the negative impact on consumer spending of COVID-19 restrictions and high inflation.

Key Benefits

Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.

Key Topics Covered:

Executive Summary
Foodservice Industry Trends
Profit Sector Metrics
Key Metric Highlights
Value Growth by Channel
Outlets and Transactions Growth by Channel
Operator Buying Volumes and Growth by Channel
Outlet-Type and Owner Type Growth Dynamics
Historic & Future Channel Performance Dynamics
Profit Sector by Channel
Quick-Service Restaurant (QSR)
Full-Service Restaurant (FSR)
Coffee & Tea Shop
Pub, Club & Bar
Cost Sector Metrics
Cost Operator Trends - Historic and Future Growth
Data and Channel Share Breakdown
Region Deep-Dive

Company Coverage:

McDonald's
Yum! Brands
Restaurant Brand International
Darden Restaurants
Starbucks
Dunkin' Brands Group
Dine Brands Global
Tim Hortons
Stonegate Group
Heineken (Star Pubs & Bars)
Greene King

For more information about this report visit https://www.researchandmarkets.com/r/85zrcm

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SOURCE Research and Markets