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
