Food service industry: global market size 2021-2028

Published by Statista Research Department, Apr 27, 2023
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)

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Release date

May 2022

Region

Worldwide

Survey time period

2021

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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