Foodservice Market 2018: Commercial and Non-Commercial Foodservice Analysis in New Research Report at ReportsnReports.com
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.
Key Regions
• Americas
• Europe
• MEA
• APAC
Key Vendors
• ARAMARK Corp.
• Burger King Worldwide Inc.
• Compass Group plc
• McDonald's Corp.
• Sodexo Inc.
• YUM! Brands Inc.
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Other Prominent Vendors
• Abela & Co.
• Al Seer Group
• ASSAT Global
• Atlas Food Systems and Services Inc.
• AVI Foodsystems Inc.
• B&G Foods Inc.
• Baldwin Richardson Foods Co.
• Basic American Foods Inc.
• Ben E. Keith Co.
• BiRite Foodservice Distributors
Bon Appétit Management Co.
• Brock & Co. Inc.
• Centerplate Inc.
• CulinArt Inc.
• Delaware North Companies Inc.
• Elior UK Ltd.
• Emirates Fast Food Co. LLC
• Food Service Inc.
• Gordon Food Service Inc.
• Gourmet Services Inc.
• Guckenheimer Enterprises Inc.
• Guest Services Inc.
• Healthcare Services Group Inc.
• Integral Food Services LLC
• Jubilant FoodWorks Ltd.
• Kraft Foods Inc.
• Legends Hospitality Management LLC
• Maines Paper & Food Service Inc.
• Metz Culinary Management
• Nutrition Inc.
• Ovations Food Services LP.
• Performance Food Group Co.
• Prince Food Systems Inc.
• Quest Food Management Services Inc.
• Reinhart Foodservice LLC
• Safco International Trading Co. LLC
• Schwan's Food Service Inc.
• Services Group of America Inc.
• Shamrock Foods Co.
• Sysco Corp.
• Thompson Hospitality Corp.
• Treat America Food Services
• Truitt Bros. Inc.
• TrustHouse Services Group
• Unidine Corp.
• US Foods Inc.
• Valley Services Inc.
• Whitsons Culinary Group
• Worldwide Foodservices Inc.
• Xanterra Parks & Resorts Inc
.
Key Market Driver
• Rapid Growth in the Commercial Foodservice Sector.
Key Market Challenge
• Requirement of a Large Labor Force.
Key Market Trend
• Changing Consumer Demographics.
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.
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Priyank Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
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