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global food service market is projected to grow at the CAGR of 4.1% during the forecast period.
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Vision Value Visibility Report Code :FB 1048 2016-2024 Global Food Service Industry Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 www.goldsteinresearch.com sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Executive Summary Sample Request Global Food Service Industry Market Share(%), By Region-2016-2024 Global Food Service Industry Market Size USD (Billion). 2016-2024 XX% CAGR: (2016-2024) Sample Source: Goldstein Research Source: Goldstein Research In 2016,Ready Prepared Food Service Systemaccounted for the highest market share XX% in Food Service Industry System Type Market WithXX%share in 2016, North America region dominated the collective Global Food Service Industry market Global Food Service Industry Market Share(%), By System Type-2016 Global Food Service Industry Market Share(%), By Types of Restaurants-2016 Population Growth And Dietary Changes Impact Food Demand Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Sample Request Experimenting Taste Key Findings • The global Food Service Industry market accounted for USD XX billion in 2016 and tends to reach the valuation of USD XX billion by 2024 at a CAGR of XX% over the forecast years owing to the fact that people taste and demand for extensive options in food menu has increased, and it is expected to keep growing in order to experience global food taste. • Global full service restaurants are expected to grow at a rate of XX% annually, on the back of growth in the customers recorded to enter these restaurants, inclining towards the different food and their nutritional value with authentic and sophisticated services. • Global food service industry is shifting towards sustainability. As per the analysis, 60% of restaurant kitchen use startup or shut down schedules in order to reduce the energy waste from kitchen equipment. • There have been XX number of new establishments in 2016 of international food-chain outlet in Asia-Pacific region, marking the exponential growth rate of APAC food service industry market. • In 2016 of the total food outlets globally, XX% increase in independent restaurants and food outlets was recorded, which catered XX% of global population. Increasing number of people working hours was the major impacting factor in the attraction of people towards food service providers. • Transportation and logistics plays an vital role in the success of global food service industry market, from procuring the raw materials to delivery of food to customers. Transportation and logistics sector contributed XX% market share in the progression of global food service industry market. Public Places Food Supply Logistics and Transportation Asia-Pacific & Latin America Food Service Industry Market (USD Billion) Asia-Pacific Latin America XX Billion 2016 XX Billion Nutrition Awareness XX Billion 2024 XX Billion Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Food Service Industry Market Size (USD Trillion) & Growth Analysis Global Food Service Industry Market Size (USD Trillion)-2016-2024 Global Food Service Industry Market Y-O-Y Growth (%) Analysis-2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Global Food Service market tends to increase at a CAGR of XX% over the forecast period i.e. 2016-2024 and reach the market value of USD XX Trillion by 2024. Food service industry growth is impacted by the consumers taste and preferences, share of people income spend on food consumption, food service outlet establishments worldwide, supply of raw materials along with efficiency of transportation and logistics, skilled people in food service industry, economic policies and government positive sentiments towards food service industry and attractive investments being the major impacting factors. • Globally XX% of global population was served by the food service industry in 2016. The continuous development in the establishment of new outlets and expansion of existing outlets, penetration and acceptance of various country food categories in the menu and improvement in the extended services provided to the customers are the factors that can contribute to year on year growth of global food service industry. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics Sample Request Growth Drivers Growth Barriers General Trend Highly Complex Moderately Complex Waived Advancement Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Impacting Factors of Food Service Industry Sample Request • Drivers of Food Service Industry • Growth in supporting industries such as travel and tourism industry, logistic and transportation industry are impacting the growth of global food service industry market. • Development of infrastructure benefitting the operations of food service industry, such as buildings construction, connectivity. • Personal disposable income of people, highly impact the growth of food service industry. People of high income bracket tends to spend more than the others for which they require the high quality of services rendered to them. • Changing food landscape as a result of acceptance of foreign food categories, is diversifying the food service industry operations. Restaurant scene in South East Asian countries is getting vibrant as rated by the Michelin Guide. • Franchising of local and international food services is in trend to expand the business globally and also provides business opportunities to people. • With the technology advancement, growth in online food ordering is increasing. The global food industry market is witnessing this opportunity to cater the small town that are far away to access the improving food services in developed cities. Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Full Service Restaurants Market, 2016-2024 Sample Request Global Full Service Restaurants Market Size (USD Billion)-2016-2024 Global Full Service Restaurants Market Y-O-Y Growth (%) Analysis-2016-2024 Sample Source: Goldstein Research Source: Goldstein Research • Global full service restaurants market was USD XX billion in 2016, expected to attain the growth rate of XX% over the forecast period and reach USD XX Billion by 2024. • North America dominated Food Service Industry market owing to the its large economy and established food service outlets that caters majorly the working and student population. In near future, Asia-Pacific region is expected to dominate the full service restaurants market on the back of globalization that attracts entry of new players. Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Global Food Service Industry Market Attractiveness and BPS Analysis by Type of Restaurant, 2016-2024 Sample Request Global Food Service Industry Market Attractiveness-By Product Type, 2016-2024 Global Food Service Industry Market BPS Analysis- By Product Type, 2016-2024 Limited Service Restaurants Full Service Restaurants Fast Food Restaurants Special Food Services Restaurants Source: Goldstein Research Source: Goldstein Research Sample • According to Goldstein Research, full service restaurants holds largest market owing to highly attractive to consumers to cater the food services as compared to other food service providers. Full service restaurants global market size is expected to reach USD XX million by 2024 and is most attractive market for new players to enter. • Full service restaurants tends to capture the large market share in the near future on the expense of fast food restaurants on account of declining preference for fast food from the consumers, as they have become more aware towards their diet and nutrition content. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
India Food Service IndustryMarket Size (USD Billion) & Y-O-Y growth (%), 2016-2024 Sample Request India Food Service Industry Market Size (USD Billion). 2016-2024 India Food Service Industry Market Y-O-Y Growth Rate, 2016-2024 Sample XX% CAGR: (2016-2024) Source: Goldstein Research Source: Goldstein Research • India food service industry market tends to reach the valuation of USD XX billion by 2024 at a growing CAGR of XX% over the forecast year as India .is one of the fastest growing economies in the world, providing conducive environment for entry to new players. • Indian hotels and restaurants industry in one of the most vibrant and rapid developing industry. It is growing at nearly 1.1% annually. It contributes 2.2% to the country’s GDP, thus growing the opportunities for the growth and big profits. • Indian consumers tends to eat food when it is still hot and fresh, thus approximately XX% of population prefer to dine in, when compared to XX% of people who get the food either by delivery or take away. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Porter’s Five Force Model Sample Request Customer can easily switch to substitute service. So substitutes are a threat to company. When there are actual and potential substitute services available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline. The Barriers to Entry are significantly low which means that it is not difficult for outside companies to enter the industry. New entrant is required to offer the services of high quality, customer preferable taste of the food. Government usually has little or no regulation over the entry of new players and operation of the business. Sample Threat of new entrants Bargaining Power of buyers Bargaining power of suppliers Threat of substitute products or services • Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: • There are number of equal competitors and more when there’s a clear market leader. • Customers have low switching costs • Industry is growing • Fixed cost are high resulting huge production and reduction in prices The power of Buyers is significantly high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is low as there are multiple supplier for a particular category of service and these causes, for companies to compete on price when they do not have any point of differentiation. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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Vision Value Visibility Sample Request About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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