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Food service industry: global market size 2020-2027

Published by S. Lock, Jan 19, 2021
The size of the global food service market reached 3.5 trillion U.S. dollars in 2020. This figure is forecast to grow to 4.2 trillion U.S. dollars in 2027, showing a CAGR of 2.7 percent from 2020 to 2027.

Market size of the global food service industry from 2020 to 2027 (in trillion U.S. dollars)

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Source

Release date

December 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

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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