Dallas, Texas (PRWEB) April 16, 2014
The aging population is interested in healthy and ready-made foods to reduce the time spent in food preparation. Mid-lifers, i.e. people in the 28-49 year age group, are also switching to foodservice providers because of increasing workloads and parenthood pressures. A decrease in the average household size in North America and Europe to one or two people and a rise in the working women population have also increased the need for ready-made foods. The changing lifestyles of the global population have increased the demand for foodservices such as restaurants, cafés, and fast food chains. Growing disposable income in developing countries has also increased the consumption of these products. Therefore, changing consumer demographics is expected to lead to the growth of the Global Foodservice market during the forecast period.
Analysts forecast the Global Foodservice market will grow at a CAGR of 5.78 percent in terms of revenue and 5.57 percent in terms of volume over the period 2013-2018. According to the report, one of the main drivers of the market is the rapid growth of the Commercial Foodservice segment. High growth in the sub-segments of the Commercial Foodservice segment such as the Restaurant and Café sub-segments is indirectly helping the growth of the Global Foodservice market.
The Global Foodservice market can be divided into two segments: Commercial Foodservice and Non-commercial Foodservice.
Global Foodservice Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, Europe, and the MEA and APAC regions; it also covers the Global Foodservice market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Purchase Report @ http://www.reportsnreports.com/purchase.aspx?name=280666.
Other Prominent Vendors
Bon Appétit Management Co.
Key Market Challenge
Key Market Trend
Further, the report states that the requirement for a large labor force is a major hindrance to market growth because of the high labor costs in developed nations and high labor turnover ratio.
Explore other new reports on Infiniti Research @ http://www.reportsnreports.com/publisher/infiniti-research-limited/.
ReportsnReports.com is an online market research reports library of 200,000+ reports and in-depth studies of 5000+ micro markets. Call +1 888 391 5441 with your industry research requirements or email the details on sales at reportsandreports.com.