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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.

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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

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Company Coverage:

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

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SOURCE Research and Markets


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