The Business Research Company’s report goes into great detail on the food and beverage services market size and growth, food and beverage services market regional analysis, food and beverage services market competitive landscape, and other critical information needed to excel in the food and beverage services industry.

Major players in the food and beverage services market include Compass group plc, Starbucks, Sodexo, Aramark corporation, McDonald’s, Darden Restaurants, Yum China Holdings Inc., Chipotle, Berkshire Hathaway Inc. and Subway.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global food and beverage services market size is expected to grow from $3,232.94 billion in 2021 to $3,678.61 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The growth in the food and beverage services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The food and beverage services market is expected to reach $5,235.52 billion in 2026 at a CAGR of 9.2%.

Asia Pacific is the largest region in the global food and beverage services market, accounting for 47% of the market in 2021.

The food and beverage services market consists of sales of food and beverage services and related goods by entities (organizations, sole traders and partnerships) that provide meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.

The food and beverage services market is expected to benefit from rising digitalization of food services. Consumers are increasingly preferring to order food online for home deliveries.

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Modernizing technologies in restaurants improves customer satisfaction, thereby boosting restaurant sales. Establishments in the industry are introducing self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment and digital entertainment such as gaming.

TBRC’s global food and beverage services market report is segmented:
By Type: Restaurants And Mobile Food Services, Bars And Cafes, Catering Services And Food Contractors

By Ownership: Chain Market, Standalone Market

By Pricing: High-End, Economy

Subsegments Covered: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services, Snack And Nonalcoholic Beverage Bars, Drinking Places (Alcoholic Beverages), Food Service Contractors, Catering Services

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa

The Food And Beverage Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the food and beverage services market globally and regionally, analyzes and forecasts market size, share, food and beverage services market players, food and beverage services market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Bars And Cafes Global Market Report 2022

Restaurants And Mobile Food Services Global Market Report 2022

Catering Services And Food Contractors Global Market Report 2022

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