Global Foodservice Market is estimated to be 4.4 Trillion by 2024 with a CAGR of 4.1% during the forecasted period.
Growing number of working women, reduced practice of preparing home-cooked meals, improving distribution channels, rising disposable incomes, etc. are also supporting the growth of the market. The global foodservice market accounted for US$ 3.4 trillion in 2018 and is estimated to be 4.4 trillion by 2024 and is anticipated to register a CAGR of 3.6%. The report. " Global Foodservice Market, By Sector (Commercial and Non-commercial), By Systems (Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, and Assembly-Serve Foodservice System), By Types of Restaurants (Fast Food Restaurants, Full-Service Restaurants, Limited Service Restaurants, and Special Food Services Restaurants), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030” . Key highlights: In August 2019, Aramark, a worldwide leader in food, facilities management and uniforms, declared the