Top Companies in Food Service Market | Major Players of Food Service Industry Statistics, Growth Analysis by VMR
Foodservice entails the preparation, serving, and sale of ready-to-eat foods and beverages, as well as the provision of catering services to public or private end users by in-house or external operators.
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MARKET OVERVIEW
The Global Food Service Market is valued at USD 2,515.2 Billion in the year 2021 and is forecast to reach a value of USD 4,431.5 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 9.9% over the forecast period. The various food companies or hotels which prepare food outside the home for the public encompass the Food Service Market. There are many companies that provide Food Service, and the Food Service is also known as the catering industry. This food industry includes fast-food restaurants, special Food Service restaurants, limited-food restaurants, and quick-service restaurants.
The major fast-food spenders in the industry are millennials. Due to the exhausted working culture, the rise in the millennial population with changing preferences for ready food and newer food options has fueled the growth of the Food Service Market. Along with this, the innovations of different cuisines, restaurants, and cafés have also attracted the millennials. In addition, the adoption of lavish lifestyles by consumers is also the major driver of the growth of the Food Service Market.
List of Top Key Players of the Food Service Market
|
Company Name |
Revenue in USD |
|
$12 Billion |
|
$14 Billion |
|
<$5 Million |
|
$4 Billion |
|
$5 Billion |
|
$66 Billion |
|
$19 Billion |
|
$30 Billion |
|
$6 Billion |
Aramark Corporation, known commonly as Aramark, is an American Food Service, facilities, and uniform services provider to clients in areas including education, healthcare, business, prisons, and leisure. It operates in the North and an additional 20 countries, including the United Kingdom, Germany, Philippines, South Korea, Ireland, and Spain. The company is headquartered in Centre City, Philadelphia, Pennsylvania.
Compass Group plc is a British multinational contract foodservice company headquartered in Chertsey, England. It is one of the largest contracts foodservice companies in the world employing over 500,000 people. It serves meals in locations including offices and factories, schools, universities, hospitals, major sports, and cultural venues, mining camps, correctional facilities, and offshore oil platforms.
Doctor's Associates Inc., doing business as Subway, operates a chain of quick-service restaurants. The Company offers sandwiches, salads, sides, fresh bread, veggies, toppings, desserts, cookies, drinks, and beverages. Subway serves customers worldwide. Doctor's Associates owns the Subway chain of sandwich shops, one of the world's largest quick-service restaurant chains by a number of locations, surpassing burger giant McDonald's. The company boasts more than 44,000 restaurants in greater than 110 countries.
The Company's restaurants serve a locally-relevant menu of food and beverages. Its restaurants are owned and operated by independent local business owners. The Company's segments include United States (U.S.), International Operated Markets (IOM), and International Developmental Licensed Markets & Corporate (IDL).
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast food cuisine and has minimal table service. The food served in fast-food restaurants is typically part of a meat-sweet diet, offered from a limited menu, cooked in bulk in advance and kept hot, finished, and packaged to order, and usually available for taking away, though seating may be provided. Fast food restaurants are typically part of a restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels.
Seven & I Holdings Co. generates more than half its sales from convenience store operations, both in Japan and elsewhere, operating primarily under the 7-Eleven name. The company also has general merchandise superstores, department stores, and specialty stores (including Denny's restaurants), as well as a smaller division that provides financial services. All told, Seven & I Holdings owns about 23,000 stores in Japan and about 72,000 stores worldwide.
Sodexo is a French Food Services and facilities management company headquartered in the Paris suburb of Issy-les-Moulineaux. It has 428,237 employees as of 2019 and a presence in 80 countries. For the fiscal year, 2020 (ending August 2019) revenues reached €22.0 billion, with a market capitalization of €15.8 billion. Its revenues by region are 47% from North America, 38% from Europe, and 15% from other areas.
Starbucks Corporation is an American multinational chain of coffee houses reserves and roastery headquartered in Seattle, Washington. It is one of the world’s largest coffeehouse chains. As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder is licensed.
Yum! Brands, Inc., formerly Tricon Global Restaurants, Inc., is an American fast-food corporation listed on the Fortune 1000. Yum! operates the brands KFC, Pizza hut, and Tac Bell, worldwide, except in China, where the brands are operated by a separate company, Yum China. KFC and Taco Bell are operated by Collins Foods Limited in Australia, Germany, the Netherlands, Thailand, and Japan. Based in Louisville, Kentucky. Yum! is one of the world's largest fast-food restaurant companies in terms of system units. In 2016, Yum! had 43,617 restaurants, including 2,859 that were company-owned and 40,758 that were franchised, in 135 nations and territories worldwide.
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