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Classified in: Covid-19 virus
Subject: MRR

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

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 -

Report Scope

Key Benefits

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Company Coverage:

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

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