Foodservice Market – Global Industry Size, Share, Trend and Forecast 2026

1. 2016 – 2026 GLOBAL FOODSERVICE MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING PUBLISHED: JULY 2021

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10. Service Overview

11. Scope of Report Service of Interest (POI): Foodservice Food service or catering industry defines those businesses, institutions, and companies responsible for any meal prepared outside the home. This industry includes restaurants, school and hospital cafeterias, catering operations, and many other formats. GLOBAL FOODSERVICE MARKET BY OWNERSHIP Market Segmentation BY TYPE Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 • Independent Outlets • Chained Outlets • Dining Services • Quick Service Restaurants (QSR) • Pubs, Bars, Cafe and Lounges (PBCL) • Others Year Range BY REGION • Europe • North America • Asia-Pacific • South America • Middle East & Africa

12. Research Methodology

13. Research Methodology Data Collection Data Validation Market Profiling Data Analysis Developing list of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the global foodservice market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global foodservice market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers 13

14. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global foodservice market. The team has analyzedthe outlook of various segments of this market, while considering the major influencing factors such as change in consumer taste preferences, innovation in existing service offerings, urbanization, disposable income, number of women as part of workforce and more such factors. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global foodservice market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as foodservice companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 20–25 foodservice companies, 300 end users, and 15–20 industry experts and other value chain stakeholders in the global foodservice market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 14

15. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by ownership, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of foodservice. Methodology Followed for Forecasting: • Market shares by type, by ownership, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of foodservice segments. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global foodservice market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis 15

16. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long-term period to estimate and analyze the market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. 16

17. Industry Brief Change in consumer lifestyle coupled with rise in online food delivery services to drive the global foodservice market during the forecast period. According to TechSci Research report, “Global Foodservice Market By Type (Dining Services, QSR Quick Service Restaurants (QSR), Pubs, Bars, Cafe and Lounges (PBCL), and Others), By Ownership (Independent Outlets vs. Chained Outlets), By Region, Competition, Forecast & Opportunities, 2026”, the global foodservice market is projected to grow from USD3093.96 billion in 2020 to USD3978.83 billion in 2026, growing at a CAGR of 4.72%. The growth is expected as the companies are rearranging their operations to recover the loss that occurred because of COVID-19, which led to the tentative shutdown of commercial activities to maintain the social distancing which resulted in operational challenges and a huge loss to the foodservice industry. However, it is expected that the foodservice market will recover from the loss across the forecast period as it is an unpredicted event, and it could not be defined through the ongoing weakness in the foodservice market or the global economy. To remain competitive in the market, food service companies across the globe are entering into strategic alliances and improving their product line and hence, developing an edge over their competitors. In the year 2018, Starbucks Corporation formed a global coffee alliance with Nestlé S.A. to accelerate and grow the global reach of Starbucks brand in consumer packaged goods and foodservices. With a shared commitment to ethical and sustainable sourcing of coffee, this strategic alliance between Starbucks and Nestlé S.A. will transform, expand and elevate both, at the home and away-from-home coffee and related categories around the world. Moreover, another trend observed across the world is the decline in the volume of cash transactions. Online transactions and card payments are rising due to convenience for both consumers and foodservice companies. Due to digitization, the person who takes orders in the restaurant can directly tap or swipe to add items and then subsequently send orders to the kitchen in less time without leaving the floor. All the food service companies across the globe are accepting online transactions to provide a better customer experience by offering discounts to retain customers. Thus, leading to the increasing demand for food services across the globe. Furthermore, the launch of low-fat drinks, gluten-free products, on-the-go foodservice and online platforms, as well as attractive packaging, are all contributing to the market's development. Even the factors such as the increasing number of working women, decline in the practice of preparing homemade food, increasing disposable income, improving distribution channels, etc. are also catalyzing the growth of the foodservice market. Many restaurants have recently begun introducing modern technology like tablets on their tabletops to automate the process of ordering food. For example, Chili’s, an American casual dining restaurant chain overhauled its in-store ordering system by adding more than 45000 tablets across its 823 stores. Technology-driven solutions and facilities are becoming more popular in bars and nightclubs. Self-ordering touchscreen kiosks, smartphone applications for personalized orders and fast payment, and digital entertainment such as gaming are all being introduced by companies in the sector. Asia-Pacific was the highest revenue generating region in the global foodservice market in 2020. Furthermore, the region is estimated to remain the most dominating region in the forecast period as well, owing to the factors such as increased internet connectivity, modern and changing lifestyles and preferences, increasing disposable income of middle income group, etc. The growth of the region is attributed to the high population density, growing industrialization and increasing food joints and restaurants in the region. Furthermore, the countries in the region like India, Japan, South Korea, Australia, etc. exhibit huge growth potential owing to the presence of large urban agglomerations, which results in the increasing demand for foodservices. Moreover, improving lifestyles and rising purchasing power and growing per capita income in the region, due to growing working population are further leading to the higher demand for foodservices in the region. The global foodservice market is competitive with the presence and minimal market share of domestic companies in countries such as China and India. Above all other aspects, the launching of a new product has become the most critical strategy, due to the rapidly changing nature, taste, and preferences of the consumers. Also, businesses have embraced growth through mergers and acquisitions by multinational companies, which has proven to be successful in making their presence stronger. Some of the leading players in the market are Compass Group PLC, McDonald's Corporation, Performance Food Group Company, Sodexo Group, Aramark Corporation, Restaurant Brands International Inc., Yum! Brands, Inc., Inspire Brands, Inc., Domino's Pizza, Inc., and Starbucks Corporation. Major foodservice companies are expanding their businesses to meet the rising demand across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. “The global foodservice market is anticipated to grow over 4.72% CAGR during the next five years due to growing consumer base and increasing disposable income. Moreover, technological up-gradation and growing demand for ready-to-eat foods are further anticipated to positively influence the growth of the market through 2026,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

18. Sample Data - Snapshot Global Foodservice Market Size, By Value (USD Billion), 2016-2026F CAGR 2016-2020 By Value: xx% CAGR 2021E-2026F By Value: xx% North America Foodservice Market Share, By Type, By Value, 2016-2026F United States Foodservice Market Share, By Ownership, By Value, 2016-2026F

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