Global Food And Beverage Services Market

Global Food And Beverage Services Market Size, Drivers, Trends, Opportunities And Strategies – Includes Food And Beverage Services Market Growth

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


Rising digitalization of food services is expected to drive innovation in food and beverage service manufacturing, propelling the market during the forecast period.


The global food and beverage services market is expected to grow from $3,559.94 billion in 2022 to $3,763.14 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The food and beverage services market is expected to grow to $4,651.03 billion in 2027 at a CAGR of 5.4%.


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Global Food And Beverage Services Market Segments Include:

  • 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
  • By Service: Online, Offline
  • 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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global food and beverage services market in 2021.


Major Market 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.


Modernizing restaurant technologies increases customer satisfaction, which boosts restaurant sales. Self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment, and digital entertainment such as gaming are being introduced by industry establishments. For example, McDonald’s, a fast food company based in the United States, established a team focused on digital customer engagement in 2020, as the restaurant industry continues to look to technology as a key way to boost sales. The new team is part of the fast-food company’s goal to use technology to connect with customers and increase sales. McDonald’s has installed digital self-order kiosks in its restaurants, expanded meal delivery, and made technological investments as part of this endeavour.


The Food And Beverage Services Global Market Report 2023  provides a food and beverage services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The food and beverage services market forecast analyzes food and beverage services market size, food and beverage services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Food and beverage service is the activity of preparing, displaying, and serving meals and beverages to customers. Food can take many different forms and cuisines.


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