The size of the global food service market reached 2.52 trillion U.S. dollars in 2021. This figure was forecast to grow to 4.43 trillion U.S. dollars in 2028, showing a CAGR of 9.9 percent from 2021 to 2028.
Market size of the global food service industry in 2021, with a forecast for 2028
(in trillion U.S. dollars)
Characteristic
Market size in trillion U.S. dollars
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Foodservice refers to the sale of food and beverages that are prepared for immediate consumption or for takeaways and home deliveries. Foodservice outlets are classified into two sectors: commercial establishments which include fast-food restaurants, catering, nightclubs and recreational outlets. Non-commercial outlets which include food operations that run inside the premises of an organizations such as hospitals, schools, military bases, etc.
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PR Newswire. (May 24, 2022). Market size of the global food service industry in 2021, with a forecast for 2028 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved August 16, 2024, from https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire. "Market size of the global food service industry in 2021, with a forecast for 2028 (in trillion U.S. dollars)." Chart. May 24, 2022. Statista. Accessed August 16, 2024. https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire. (2022). Market size of the global food service industry in 2021, with a forecast for 2028 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: August 16, 2024. https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire. "Market Size of The Global Food Service Industry in 2021, with a Forecast for 2028 (in Trillion U.S. Dollars)." Statista, Statista Inc., 24 May 2022, https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire, Market size of the global food service industry in 2021, with a forecast for 2028 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1095667/global-food-service-market-size/ (last visited August 16, 2024)
Market size of the global food service industry in 2021, with a forecast for 2028 (in trillion U.S. dollars) [Graph], PR Newswire, May 24, 2022. [Online]. Available: https://www.statista.com/statistics/1095667/global-food-service-market-size/
