The food and beverage services industry comprises businesses that provide meals, snacks, and beverages to customers. This industry includes restaurants and mobile food services, catering, beverage serving providers and other food and beverage services. Companies in this industry are mainly restaurants, cafes, coffee shops, fast food outlets, catering services, pubs and bars, food service contractors and mobile food services.
The reason for the valuation of food and beverage services market at $5 trillion in 2017 is due to the impact of new cuisines, social media and busy lifestyle on the market.
In the report, the global food and beverage services market was divided into three segments. Restaurant and mobile food services occupy the major share, accounting for nearly three-fifth of the market. Catering services and food contractors occupy over one-fourth of the market share and the remaining is occupied by the bars and cafes segment.
China was the largest country in the food and beverage services market in 2017, accounting for more than one-fourth of the market share. The USA and Japan followed China as the next largest countries in the market.
The top five competitors in the market made up over 2% of the total market in 2017. Compass Group PLC was the largest competitor of the market, followed by McDonald’s, Starbucks, Marriott International and Subway. Compass Group PLC is headquartered in Chertsey, Surrey, UK and has operations in over 50 countries. The company provides contract foodservice, cleaning, and property management and support services.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
The Business Research Company
Europe: +44 207 1930708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]