The report forecasts the global foodservice market to grow at a CAGR of 4.48% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend influencing market growth is the embracing of technology. With a large customer base, tech-savvy food service companies in the market are deploying the most recent mobile innovations to improve the dining experience. Commercial foodservice players such as fine dining restaurants and quick-service restaurants are now using beacon technology to engage customers and increase their visits.
According to the report, a key growth driver is the growing innovation and customization in food menus. The main impetus for customization is growing importance of diet - whether it is a medical condition, a food allergy, or a weight reduction plan. Consumers prefer to have the option to customize their menu choices to their tastes. Getting the exact flavor aids foodservice vendors in increasing the probability of repeat customer visits. Consumers now prefer to customize their meals to suit their needs irrespective of the time of day or what is on the menu.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Companies Mentioned Include:
Compass Group North America
Domino's Guest Services
Restaurant Brands International
Abela & Co
Arby's Restaurant Group
Ben E. Keith
BiRite Foodservice Distributors
Bon Appétit Management
Brock & Co. CulinArt
Carl's Jr. Restaurants
Popeyes Louisiana Kitchen
Services Group of America
PART 01 : Executive summary
PART 02 : Scope of the report
PART 03 : Market research methodology
PART 04 : Introduction
PART 05 : Market landscape
PART 06 : Market segmentation by sector
PART 07 : Market growth opportunity assessment for key foodservice sectors
PART 08 : Market growth outlook of various types of foodservice systems