The size of the Europe food service market is expected to be valued at USD 1638 billion by 2029 from USD 1026 billion in 2024, growing at a CAGR of 9.81% from 2024 to 2029.
The restaurant or food service market includes all companies that offer meals prepared outside the home, such as restaurants, school and hospital cafes, and food outlets. Mobile food services, such as the food truck industry, are also expanding in developing countries due to the increasing penetration of fast-food restaurants. While restaurant owners are optimistic about the future growth and sustainability of their businesses, challenges related to government regulations and rising labor costs are creating enormous pressure on industry players. In the United States, hiring and retaining employees is becoming a major problem for gamers in the restaurant industry. However, the implementation of the technology helps the actors of the food service industry to develop considerably, but the process is not without obstacles. The major challenge is the high-cost investment in advanced infrastructure for food chain operators.
With the increasing number of fast-food chains, organized food unions, and food outlets, the pressure on the hotel industry has increased due to quality and service. Difficult working hours spur demand for practical options in terms of cuisine and service. One of the main reasons behind this is that after a stressful and busy workday, the will and time to cook fresh meals are particularly weak. This is contributing to the growth of the food service market, which offers a low-cost replacement for home-made foods. As per the USDA, the food system that contains food services and food retail has supplied about $ 1.24 billion of food to the United States in 2010, of which approximately $ 594 billion was supplied by catering establishments. While food service providers are adjusting too many of the same factors that motivate consumers to buy food to prepare at home, the limits are blurring. Improvements and expansion in delivery options also mean that the restaurant can now come to you. Food manufacturers supplying the retail sector must be aware of competition from the restaurant sector. However, many food manufacturers cater to both sides of the market and, with catering in several countries in Europe growing faster than retail, catering to customers such as restaurants, schools and workplaces can offer a variety of opportunities. The restaurant market is aimed at schools, restaurants, colleges, cafes, and others.
The increase in the consumption of snacks and meals in food service establishments shows an increasing demand among consumers for different types of food that have an entertainment value for eating out and the convenience offered by these services. Also, in line with the health trend, the restaurant market now offers healthier options for conscious consumers. The need for functional food is increasing in the industry as people demand healthy food with great flavor. This, again, is an essential engine of growth in the European food service market. It also spurs demand for food menus, pushing players towards more innovation and improvement.
The food service market is finding increased applications in colleges, restaurants, schools, and universities. People who study in colleges, schools, or offices tend to eat their daily meals in places like a cafeteria, which follows the conventional catering system. Public health services in the food sector ensure that the quality of food meets recommended standards. A high cost is incurred to maintain consistency and hygiene in food quality, as well as requirements such as a large workforce and food safety. These factors will challenge the European market to some extent.
This research report on the Europe food service market has been segmented and sub-segmented into the following categories.
Europe Food Service Market - By Type:
Europe Food Service Market – By End-User:
Europe Food Service Market – By Country:
France is a significant contributor to the European Food Service market. France had the largest share in 2023 and should also continue to dominate in the coming years. This development can be attributed to the occurrence of a huge number of fast-food giants like Burger King, KFC, McDonald's, and Subway, among others, and several categories of restaurants across the country. The UK is the fastest-growing segment of the European Food Service Market.
The United Kingdom and France are the two main markets for the hotel and restaurant industry, which contribute most of the income to the European economy.
Furthermore, in 2016, the restaurant services sector generated sales of around € 83.3 billion in the UK alone. Poland had a considerable market share in 2018 and the same trend is expected to continue during the outlook period. The growing number of fast-food restaurants is the main driver of growth in the Food Service market in the country. Consumers choose quick-service restaurants because of their affordability and fast service, which is an important factor due to the lifestyle of busy people.
KEY MARKET PLAYERS:
Electrolux had the largest share of the European Food Service Market in terms of sales and revenue in 2018. Several of the main players in the Europe Food Service Market are Electrolux, Dover Corporation, Rational AG, Hoshizaki Electric Co., Libbey Inc., Micro Matic, Sirman, Bizerba, Cambro Manufacturing Company, Inc., Duke Manufacturing Co. Inc., Tupperware Brands Corporation, Manitowoc Foodservice Inc., Middleby Corporation, Ali Group, Coreco, Liebherr, Infrico, and Hobart Corporation.
RECENT DEVELOPMENTS IN THE EUROPEAN FOOD SERVICE MARKET:
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