Customization Remains Top Trend in Chained Consumer Foodservice
The worldwide chained consumer foodservice market was valued at around US$ 770 billion in 2018 and is anticipated to record a CAGR of ~4% during the forecast period of 2019 - 2027. Integrated techniques, better menu offerings and the general "experience more" megatrend, where customers prioritize experience over stuff, is expected to have a graceful impact on the global chained consumer foodservice market.
Chained consumer foodservice relates to the sale of food and drinks for instant consumption, take-away and home delivery. Chained consumer foodservice outlets are divided into two industries: business establishments that include fast food restaurants, catering, night clubs and recreational and non-commercial outlets, including food activities within the premises of organizations such as hospitals, colleges, military bases, etc.
Growing demand for customization and innovation in food menu choices such as inclusion of locally produced raw materials is one of the main variables driving the worldwide chained consumer foodservices industry.
In addition, commercial restaurants and cafes have become a convenient place for adolescents, families and young professionals to socialize and relax, thus propelling the growth of the chained consumer foodservice market. Furthermore, the development of on-the-go food facilities, developments in packaging, implementation of low-fat drinks, gluten-free food, etc., are also contributing immensely to the growth of the chained consumer foodservice industry.
Other variables, such as the worldwide rise in customer expenditure on restaurants, combined with the launch of fresh advertising initiatives, such as online and offline food competitions, and outreach to local food bloggers and influencers is providing important growth possibilities to the global chained consumer foodservice market.
Find Out More about the Report Coverage
- McDonald’s Corp
- Yum! Brands, Inc.
- Brinker International, Inc.,
- Compass Group PLC
- Starbucks Corporation
- Aramark Corporation
- Compass Group USA
- Restaurants Brands International, Inc.
- Darden Restaurants, Inc.
- Panera Bread Company, Inc.
- Dunkin’ Brands Group, Inc.
- Chipotle Mexican Grill, Inc.
Fast-Paced Modern Lifestyles and Rise in Demand for Convenience Foods to Assist Market Growth
As consumption of wholesome and fresh food is becoming crucial for customers, chained consumer foodservice providers are embracing local procurement with the endeavor of shortening the distance between the source of the ingredient and the restaurant. Innovation in the chained consumer foodservice market continues to be driven by key trends in consumer experience, sustainability and technology.
Chained consumer foodservice providers are continuing to be the primary innovators within the sector and other markets by offering kitchen utensils and manufacturing products in both consumer and foodservice versions.
For more value-driven brands, expect a rise in the use of technology to reduce expenses through decreased staffing and more streamlined procedures. Retailers are looking at chained consumer foodservice as a medium to enhance the overall user experience.
Bigger retail formats, such as large departmental stores and malls are converting loss-making or non-productive retail outlets more appealing by incorporating visitor-friendly, quick-service restaurants, thus aiding the global chained consumer foodservice market.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Commercial Chained Consumer Foodservice to Garner Substantial Shares in Global Market
The chained consumer foodservice establishments are divided into two industries: commercial and non-commercial foodservice. The commercial segment accounted for a significant market share. Factors such as the introduction of fresh food products on the menu in keeping with the changing tastes and preferences of consumers will add to the development of this sector in the coming years.
The commercial chained consumer foodservice system is primarily motivated by the high quality of the food provided as a result of its immediate readiness. The non-commercial chained consumer foodservice systems serve food in support of the primary function or purpose of some other establishment.
For instance, a cafeteria at a local university promotes the school's objective of teaching learners by serving meals so that they have the energy to engage in classes and events. This is adding intrinsic value to the global chained consumer foodservice market.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Competitive Landscape Influenced by Technological Intervention; Innovations Like Plant-Based Chicken Emerging as Trendsetters
The chained consumer foodservice market focuses on companies offering product differentiation to meet the increasing demand for nutritious food among clients. The chained consumer foodservice industry appears to be mildly fragmented. The existence of key players, including Brinker International Inc. and Compass Group PLC, has made the competitive climate quite intense. Some of the key developments within the global chained consumer foodservice market are:
- In 2019, KFC (Yum! Brands, Inc.), emerged as the first national U.S. quick service restaurant to test plant-based chicken, in partnership with Beyond Meat. KFC introduce a plant-based chicken, in partnership with beyond meat named “Beyond Fried Chicken” which made its debut in a limited test series.
- In 2019, Dubai Retailer Marka announced the opening of its first Deli Kitchen Restaurant in the Design District of Dubai with the idea to provide free delivery to the offices within the design district by ordering through WhatsApp.
Such developments being undertaken by competitors are likely to reflect an optimistic growth outlook for the global chained consumer foodservice market, through 2027.
Explore Persistence Market Research’s expertise in promulgation of the business !
Global Chained Consumer Foodservice Market: In-Depth Assessment on Key Segments
The global chained consumer foodservice market is segmented on the basis of service, outlet, distribution, location and region.
|Service (% of Demand)||
|Distribution (% of Demand)||