The restaurants and mobile food services industry provides food services through full service restaurants, limited service restaurants, cafeterias, grill buffets and buffets, and mobile food services.
The market is valued at $3 trillion in 2017 due to the economic growth in developed nations and increasing globalization.
In the report, the global restaurant and mobile food services market is divided into four segments. Full service restaurants occupy the major share, accounting for more than half of the market share. Limited service restaurants was the second largest segment, accounting for less than half of the market and the remaining share is occupied by the other two segments, namely, cafeterias, grill buffets and buffets and mobile food services.
China was the largest country in the restaurants and mobile food services market in 2017, accounting for nearly one-fourth of the market share. The USA and Japan followed China as the next largest countries in the market.
The restaurant and mobile food services market is fragmented with a number of large and small organizations. The top five competitors in the market made up about 2% of the total market in 2017. McDonald’s was the largest competitor of the market, followed by Subway, Chick fil A, Darden Restaurants, Inc. and Yum China Holdings, Inc. McDonald is headquartered in Illinois, USA. The company is located across 119 countries and has over 36,525 outlets as of 2015.
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