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)
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. (December 21, 2020). Market size of the global food service industry from 2020 to 2027 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved May 26, 2022, from https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire. "Market size of the global food service industry from 2020 to 2027 (in trillion U.S. dollars)." Chart. December 21, 2020. Statista. Accessed May 26, 2022. https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire. (2020). Market size of the global food service industry from 2020 to 2027 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: May 26, 2022. https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire. "Market Size of The Global Food Service Industry from 2020 to 2027 (in Trillion U.S. Dollars)." Statista, Statista Inc., 21 Dec 2020, https://www.statista.com/statistics/1095667/global-food-service-market-size/
PR Newswire, Market size of the global food service industry from 2020 to 2027 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1095667/global-food-service-market-size/ (last visited May 26, 2022)
