Global Foodservice Industry Revenues to Reach $2.2 trillion by 2015, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Foodservice Industry. The size of the foodservice industry, and share of the industry as a percentage of the total food-spend varies widely across different regions around the world. As such, foodservice accounts for about 45%-50% of total spending on food in the US, while the percentage in lesser-developed markets can be in the range of 10%-15% or less of total spending on food. The main contributors to growth in the industry include socio-economic conditions of people such as high disposable income, busy and increased mobile life, rise in outsourcing of non-core activities by companies and market expansion into new areas like transport and retail.
San Jose, CA (PRWEB) June 23, 2009 -- Global Foodservice Industry is projected to reach $2.2 trillion in revenues by 2015. The global foodservice market comprises of over 8 million outlets comprising of small family owned units to large multinational chains operating thousands of stores worldwide. The cost of food also varies widely depending on the outlet; with full service restaurants (FSR) having the highest cost per meal served and managed foodservice/ contract catering having the cheapest rates. Even the margins differ for each type of outlet. While FSRs tend to have higher margins, quick service/ low service restaurants and managed foodservice/ contract catering sectors have lower margins, and thrive on volumes.
The United States represent the largest market for Foodservice, as stated by the new market research report. Driven by increasing disposable incomes, and changing lifestyles, Asia-Pacific is expected to offer the highest growth potential for foodservice.
The foodservice industry is one of the largest employers around the world. Major issues affecting the industry include decreasing corporate spending, rising food costs, contamination, rising energy costs, and labor among others. Due to high competition and various challenges, there is a lot of innovation, branding and consolidation taking place in foodservice industry. New, healthy and diversified menus are being introduced combined together with branded products. The difference among channels is getting blurred and is leading to new channels like gastro pubs, satellite outlets and self-service kiosks while increasing the reach of consumers.
Quick Service Restaurants Market is the largest and the fastest growing foodservice segment. The higher value proposition, and novelty in menus offered by quick service restaurants is cushioning the segment from the present economic downturn. The global full service restaurants market is being affected by the economic downturn. As such, the market is expected to offer relatively lower growth opportunity over the period 2006-2015.
These and other market data and trends are presented in "Foodservice Industry: A Global Strategic Business Report" announced by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities affecting the industry. The global foodservice industry is analyzed in terms of revenues in US$ Billion by the following service segments - Full Service Restaurants, Quick Service Restaurants, Restaurants Attached to Hotels, Managed Foodservices, and Others. Major regional markets analyzed in the report include US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Analytics for the period 2006-2015 provide a comprehensive understanding of the market.
Dominant global players profiled in the report include Abrakebabra Limited, Agrolimen S.A., ARAMARK Corporation, Autogrill S.p.A, Bewley's Ltd, Brinker International, Inc., Burger King Holdings, Inc., Canteen Service Co., Carlson, CKE Restaurants, Inc., Comess Group SL, Compass Group PLC, Darden Restaurants, Inc., Delaware North Companies, Inc., Denny's Corp., Doctor's Associates, Inc., Domino's Pizza Inc., Doutor Coffee Co., Ltd., Dunkin' Brands, Inc, Duskin Co., Ltd, Eddie Rockets (IRL) Ltd., Elior Group, Gate Gourmet Inc, Gordon Food Service, Host America Corporate Dining Inc., IHOP Corp., International Dairy Queen, Inc., Jack in the Box, Inc., Johnsonville Sausage LLC, JOLLIBEE FOODS CORP., LSG Sky Chefs, Marché, McDonald's Corporation, Mitchells & Butlers Plc, Nissin Healthcare Food Service Co., Ltd., O'Briens Sandwich Bars Ltd, Papa John's International, PizzaExpress Limited, Plenus Co., Ltd., Quiznos Sub, Seven & i Holdings Co., Ltd, Skylark Co., Ltd., Snap Fresh Pty Ltd, SONIC Corp., Sodexo SA, Spotless Group Limited, Starbucks Corporation, Van Houtte, Inc, Wendy's/Arby's Group, Inc., Whitbread PLC, Yum! Brands, Inc, and Zena Group. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Food_Service_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/
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