Global Food Service Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Product Type (Serving Equipment, Ware Washing Equipment, Storage & Handling Equipment, And Cooking Equipment) By End Use (Catering, Quick Service Restaurants & Pubs, And Full-Service Restaurants & Hotels), And Region (North America, Europe, Asia Pacific, Latin America, Middle East And Africa And Rest Of The Region) – Industry Analysis (2024 To 2029)

Updated On: January, 2024
ID: 10860
Pages: 150

Global Food Service Market Size (2024 to 2029)

The global food service market size is estimated to grow from USD 3410.07 billion in 2024 to USD 5658.69 billion by 2029, registering a CAGR of 10.66% from 2024 to 2029.

The term "food service" describes the provision of meals to the public, including catering services. Such services are offered by numerous businesses in the catering industry. Meal services, commonly known as the catering sector or business, offer both packaged and on-demand food services. Restaurants of all types, including fast food/quick service, full-service, limited-service, and special food service restaurants, are included in the food service sector. Due to the growing working class, which is made up of the millennial population, commercial venues like cafés and restaurants have become more popular as places to mingle and spend time with varied and innovative food consumption. The acceptance of a fast lifestyle and the elimination of home cooking as a routine household activity has raised demand for ready-to-eat dishes that are unconventional and a combination of many components with various flavors. The development of home delivery services, along with the rise in the number of food dishes and menu options, has considerably accelerated the growth of the food service industry.


The growing presence of food service institutions worldwide is one of the major factors propelling the global market.

The rise in the tendency to eat out has led to changes in the food service business. The employment of cutting-edge methods and tools has also aided food service businesses in raising production and streamlining operations to improve overall effectiveness. Rapid urbanization and migration have exposed consumers to a wide variety of cuisines. Additionally, this industry has expanded because of the rise in ethnic cuisine ads and consumer interest in other cuisines. The creation of new business types that cater to the food needs of institutions, including corporate offices, nursing homes, orphanages, and hospitals, is further aided by the emergence of these businesses. Additionally, institutional catering is important in developing countries like India, Singapore and Qatar. As a result, the food service industry is growing as food service and catering are increasingly used in institutions.

The increasing expenditure on dining out is further fuelling the growth rate of the global food service market.

The increase in dual-income households and rising restaurant spending have contributed to the expansion of the global food service market. Additionally, both developing and developed regions have become more popular with the quick spread of diverse food service establishments. The millennial generation's increasing propensity for fast food consumption habits has led to an increase in their spending on the quick service restaurant business, especially franchises. Along with rising domestic consumer spending, tourists' expenditures on lodging and dining also help to fuel the expansion of numerous regional economies. To draw tourists from countries, hotels and restaurants are introducing a variety of new cuisine types in local markets as the tourism industry has grown over the past few years. This contributes to their ability to draw both domestic and foreign tourists who are interested in trying out different cuisine styles. As a result, the rising expenditure on eating out will probably spur the development of this food service business.


The rapid growth of online food delivery platforms is hampering the food service market growth.

Customers are reluctant to adopt online food ordering because of some of its drawbacks. There are some difficulties with meal delivery in addition to all the other advantages. One issue, for instance, is that when ordering meals online, the quality of the food that is delivered is frequently poorer than the quality of the meal in a restaurant. Home delivery apps also struggle when there is a lot of network load. Additionally, food from delivery services is frequently bundled in packaging, which is typically not as appetizing as food that is properly arranged on your plate in a restaurant. The fact that using these services can result in additional costs for the customers is yet another drawback of Meals on Wheels. While most countries offer free meal delivery, if an order's value is below a specific threshold, clients may still be required to pay for delivery even if the food they purchased is quite affordable.




Market Size Available

2023 to 2029

Base Year


Forecast Period

2024 to 2029



Segments Covered

By Type, Service Type, And Region.

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Aramark Corporation, Compass Group North America, Doctor’s Associates Inc., Domino’s, Restaurant Brands International, Seven & I Holdings Co. Ltd, Sodexo, Starbucks Corporation, Yum! Brands Inc.



Global Food Service Market Analysis By Type

The full-service restaurant segment is predicted to account for a substantial share of the global food service market during the forecast period. Full-service restaurants include sit-down venues that offer a full meal menu and provide clients with table service in a physical location. They offer a variety of food options, such as breakfast, lunch, and dinner. Restaurants that specialize in fine dining and casual eating make up the majority of this group.

Global Food Service Market Analysis By Service Type

The commercial segment tends to dominate the growth of the global food service market during the forecast period. The eating-out/takeaway edible service systems, quick-service restaurants, and full-service restaurants are all included in the commercial section. Examples of commercial edible services include eateries, cafes, fast food chains, food trucks, and online food ordering. Compared to commercial food service, which has existed in the business since its inception, institutional food service is a relatively recent idea that was established in the 20th century. Families have more discretionary income; thus, customers are spending more money at hotels, restaurants, cafes, and other establishments. Major fast food chains like Domino's, Pizza Hut, KFC, Starbucks, Burger King, Taco Bell, Subway, McDonald's, Wendy's, Papa John's Pizza, and Chipotle Mexican Grill are using this opportunity to mark their presence in the international market. This trend is further propelling the growth of the global food service market.


In 2023, North America held the largest global food service market share. The running costs of restaurants are rising quickly in nations like the U.S. and Canada. The profit margins of the companies are under a lot of pressure due to the increase in labor costs and the cost of raw materials. As a result, there is a strong push for automation and digitization in the industrial and service sectors.

The projection period is expected to have the highest growth rate in the Asia-Pacific region. Consumers prefer to eat in full-service restaurants in nations like Australia, Japan, and South Korea. As a result, these restaurants have a bigger market share than other kinds.

The hotel sector is enormous in Europe, one of the major players in the global market. Additionally, there are many career opportunities in the hotel sector for visitors to Europe. The expanding trend of eating out and a busier lifestyle, which boosts demand for prepared food items, are contributing factors to the expansion of the European food service business. The biggest market in Europe is Germany. Convenience, regional production, health and well-being, and Asian and ethnic cuisines are the major trends in the German food service industry.


Aramark Corporation, Compass Group North America, Doctor’s Associates Inc., Domino’s, Restaurant Brands International, Seven & I Holdings Co. Ltd, Sodexo, Starbucks Corporation and Yum! Brands Inc. are some of the major players in the global food service market.


  • New Outback Steakhouse locations with a more contemporary design for the dining area were planned to open. The business opened three new eateries, one each in Fort Worth, Steele Creek, and Polaris.


This research report on the global food service market has been segmented and sub-segmented based on type, service type, and region. 

By Type

  • Full-service restaurants
  • Quick service restaurants
  • Institutes
  • Others

By Service Type

  • Commercial
  • Institutional

By Region

  • Asia Pacific
  • Middle East and Africa
  • Latin America
  • Europe
  • North America

Please wait. . . . Your request is being processed

Frequently Asked Questions

1. What is the food service industry, and what does it encompass?

The food service industry refers to businesses and establishments that prepare, serve, and deliver food and beverages to customers for immediate consumption. It encompasses a wide range of establishments, including restaurants, cafes, bars, food trucks, catering services, institutional cafeterias, and other food-related businesses. The food service industry plays a crucial role in providing convenient dining options and culinary experiences to consumers across various settings, from casual dining to fine dining, and from quick-service to full-service establishments.

2.What are the current trends shaping the food service industry?

Health and wellness: Increasing consumer demand for healthier menu options, plant-based alternatives, and transparent sourcing practices, reflecting a growing focus on nutrition, sustainability, and well-being.

Technology integration: Adoption of digital ordering platforms, mobile apps, self-service kiosks, and contactless payment systems to enhance convenience, streamline operations, and improve the overall dining experience.

3.What are the challenges facing the food service market?

Labor shortages and workforce issues: Difficulty in recruiting and retaining skilled labor, rising labor costs, and compliance with labor regulations pose challenges for food service businesses, impacting staffing levels, service quality, and operational efficiency.

Supply chain disruptions: Disruptions in the global supply chain, including ingredient shortages, transportation delays, and price fluctuations, affect food availability, menu planning, and cost

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800

Didn’t find what you’re looking for?

Need something within your budget?


Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample