Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Global Market Study on Foodservice Disposables: Rapid Growth Linked To Increasing Traction of Online and Home Delivery Food Services"
New York, NY -- (SBWIRE) -- 10/20/2016 -- According to the latest market report published by Persistence Market Research, titled "Europe Market Study on Foodservice Disposables Distribution Systems: Impelled By Increasing Number of On the Go Consumers, Coupled With Rapid Growth of the Quick Service Restaurants, Over the Forecast Period 2016 - 2022," the europe foodservice disposables distribution systems market is estimated to be valued at US$ 1,590.9 Mn by the end of 2015 and is anticipated to expand at a CAGR of 4.9% over 2016 - 2022 in terms of value, to reach a market value of US$ 2,225.2 Mn by 2022.
The Europe (U.K. Spain, France & Switzerland) foodservice disposables distribution systems market is driven by increasing adoption of the on the go lifestyle and increasing initiatives taken by the various food disposables manufacturers to introduce food disposables with creative designs. Moreover, collaboration of various distributors with manufacturers that offer foodservice disposable products is another key factor expected to drive market growth of the food service disposables market in the region over the forecast period.
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On the basis of type, the Europe foodservice disposables distribution market has been segmented into tableware disposables, finger food disposables, and durable plastic glasses. The tableware disposables segment dominated the market with a revenue share of 85.8% in 2015 and is projected to maintain its dominance through 2022. Increasing number of cafes and takeaway formats is supporting the segment growth in the foodservice disposable distribution system market. The tableware disposable segment is further sub-segmented into plates, bowls & tubs, cutlery, trays and containers, and cups and mugs. The plate segment accounted for the significant share in 2014 and is estimated to be valued at US$ 732.2 Mn by 2022, expanding at a CAGR of 5.5% over 2016 - 2022.
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On the basis of end use, the market is segmented into hotel & other accommodation facilities, restaurants, café and bistros, bars & pubs, clubs, institutions, and foodservice providers/caterers. The restaurants segment is estimated to account for the highest value share by 2015 end and expected to remain the most dominant segment over the forecast period. The restaurants segment was valued at US$ 341.5 Mn in 2014 and is estimated to be valued at US$ 526.8 Mn by 2022, expanding at a CAGR of 5.6% over 2016 - 2022.
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