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Global Foodservice Market to Grow at a CAGR of 4.48% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Foodservice Market 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 07/07/2016 -- Report forecast the global foodservice market to grow at a CAGR of 4.48% during the period 2016-2020.

Foodservice refers to the sale of foods and beverages that have been prepared out-of-home for immediate consumption either on the premises from where they are purchased or for takeaway and home delivery. Over the years, commercial foodservice places like restaurants and cafés have emerged as a convenient place for teenagers, families, and young working professionals to socialize.

The report covers the present scenario and the growth prospects of the global foodservice market for 2016-2020. To calculate the market size, the report considers the revenue generated through both commercial and non-commercial foodservice sectors.

The market is divided into the following segments based on geography:
- Europe
- North America

According to the report, a key growth driver is the growing innovation and customization in food menus. The main impetus for customization is growing importance of diet — whether it is a medical condition, a food allergy, or a weight reduction plan. Consumers prefer to have the option to customize their menu choices to their tastes. Getting the exact flavor aids foodservice vendors in increasing the probability of repeat customer visits. Consumers now prefer to customize their meals to suit their needs irrespective of the time of day or what is on the menu.

Further, the report states that one challenge that could hamper market growth is the threat of contaminated raw materials.

Global Foodservice Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global foodservice market: Aramark Corporation, Compass Group North America, Domino's Guest Services, McDonald's, Restaurant Brands International, Sodexo, Starbucks, and Yum! Brands.

Other Prominent Vendors in the market are: Abela & Co, Arby's Restaurant Group, Autogrill Group, AVI Foodsystems, Ben E. Keith, BiRite Foodservice Distributors, Bon Appétit Management, Brock & Co. CulinArt, Carl's Jr. Restaurants, Church's Chicken, Dairy Queen, Del Taco Restraurants, Dicos, Gordon Food Service, In-N-Out Burger, Jack in the Box, Jollibee Foods, Little Caesars, MOS Food Services, Mr. Lee, Papa John's, Popeyes Louisiana Kitchen, Services Group of America, Sonic Drive-In, Sysco Corporation, Telepizza, Truitt Bros, Whataburger, and White Castle.

Market driver
- Growing innovation and customization in food menus
- For a full, detailed list, view our report

Market challenge
- Threat of contamination of raw materials
- For a full, detailed list, view our report

Market trend
- Embracing technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 99 pages and 52 Exhibit "Global Foodservice Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by sector, Market growth opportunity assessment for key foodservice sectors, Market growth outlook of various types of foodservice systems, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Competitor analysis.

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