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Foodservice Market will Showcase Negative Impact during 2020-2024 | Rising Demand For Mobile Foodservice to Boost the Market Growth | Technavio

·5 mins read

Technavio has been monitoring the foodservice market and it is poised to grow by USD 985.78 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201002005035/en/

Technavio has announced its latest market research report titled Global Foodservice Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aramark, Compass Group Plc, Domino’s Pizza Inc., Inspire Brands Inc., McDonald's Corp., Performance Food Group Co., Restaurant Brands International Inc., Sodexo Group, Starbucks Corp., and YUM! Brands Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rising demand for mobile foodservice has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Foodservice Market 2020-2024: Segmentation

Foodservice Market is segmented as below:

  • Foodservice System

    • Conventional

    • Centralized

    • Ready-prepared

    • Assembly-serve

  • Sector

    • Commercial

    • Non-commercial

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

Foodservice Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The foodservice market report covers the following areas:

  • Foodservice Market Size

  • Foodservice Market Trends

  • Foodservice Market Industry Analysis

This study identifies emergence of ghost kitchens as one of the prime reasons driving the foodservice market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Foodservice Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist foodservice market growth during the next five years

  • Estimation of the foodservice market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the foodservice market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of foodservice market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface

  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market outlook

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 08: MARKET SEGMENTATION BY FOODSERVICE SYSTEM

  • Market segmentation by foodservice system

  • Comparison by foodservice system

  • Conventional - Market size and forecast 2019-2024

  • Centralized - Market size and forecast 2019-2024

  • Ready-prepared - Market size and forecast 2019-2024

  • Assembly-serve - Market size and forecast 2019-2024

  • Market opportunity by foodservice system

PART 09: MARKET SEGMENTATION BY SECTOR

  • Market segmentation by sector

  • Comparison by sector

  • Commercial - Market size and forecast 2019-2024

  • Non-commercial - Market size and forecast 2019-2024

  • Market opportunity by sector

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 12: MARKET TRENDS

  • New product launches

  • Growing number of strategic alliances in market

  • Emergence of ghost kitchens

PART 13: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Aramark

  • Compass Group Plc

  • Domino’s Pizza, Inc.

  • Inspire Brands, Inc.

  • McDonald's Corp.

  • Performance Food Group Co.

  • Restaurant Brands International Inc.

  • Sodexo Group

  • Starbucks Corp.

  • YUM! Brands Inc.

PART 15: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201002005035/en/

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