{"id":129492,"date":"2024-04-04T08:42:33","date_gmt":"2024-04-04T12:42:33","guid":{"rendered":"https:\/\/d5t8g5d.farmpresstheme.com\/restaurants\/foodservice-market-in-europe-size-is-set-to-grow-by-usd-265-9-bn-from-2024-2028-increased-snacking-and-indulgence-consumption-boost-the-market-technavio\/"},"modified":"2024-04-04T08:42:33","modified_gmt":"2024-04-04T12:42:33","slug":"foodservice-market-in-europe-size-is-set-to-grow-by-usd-265-9-bn-from-2024-2028-increased-snacking-and-indulgence-consumption-boost-the-market-technavio","status":"publish","type":"post","link":"https:\/\/d5t8g5d.farmpresstheme.com\/restaurants\/foodservice-market-in-europe-size-is-set-to-grow-by-usd-265-9-bn-from-2024-2028-increased-snacking-and-indulgence-consumption-boost-the-market-technavio\/","title":{"rendered":"Foodservice Market In Europe size is set to grow by USD 265.9 bn from 2024-2028, increased snacking and indulgence consumption boost the market- Technavio"},"content":{"rendered":"

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NEW YORK<\/span><\/span>, March 28, 2024<\/span><\/span> \/PRNewswire\/ — The global foodservice market in europe<\/a> \u00a0size is estimated to grow by USD 265.9 bn<\/span> from 2024-2028,<\/b> according to Technavio. The market is estimated to grow at a CAGR of \u00a06.48%\u00a0\u00a0during the forecast period.\u00a0 The European foodservice industry is undergoing digital transformation with cloud kitchens, food tech start-ups, and delivery apps like Deliveroo, Just Eat, Uber Eats, GrubHub, Glovo, and Trendyol disrupting traditional cafes & bars and fast-food chains. Consumers, including immigrant populations, now prefer contactless digital menus and online ordering via smartphones for dishes like Arabian appetizers, pizza, hamburgers, chicken teriyaki, quinoa bowls, poulet tandoori, bouillabaisse, and cultural favorites. E-commerce channels offer plant-based, vegetarian, and vegan options, catering to dietary preferences and tech-fluent consumers. McDonald’s, Subway, and cheesecake purveyors adapt, offering digital menus and online ordering with contactless payment options as standard practices.<\/p>\n

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\n\"Technavio<\/a>
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\nTechnavio has announced its latest market research report titled Foodservice Market in Europe 2024-2028
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For more insights on the historic (2018 – 2022) and forecast market size–\u00a0<\/b>Request a sample report<\/b><\/a><\/p>\n

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Foodservice Market In Europe Scope<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

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Report Coverage<\/span><\/p>\n<\/td>\n

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Details<\/span><\/p>\n<\/td>\n<\/tr>\n

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Base year<\/span><\/p>\n<\/td>\n

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2023<\/span><\/p>\n<\/td>\n<\/tr>\n

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Historic period<\/span><\/p>\n<\/td>\n

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2018 – 2022<\/span><\/p>\n<\/td>\n<\/tr>\n

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Forecast period<\/span><\/p>\n<\/td>\n

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2024-2028<\/span><\/p>\n<\/td>\n<\/tr>\n

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Growth momentum & CAGR<\/span><\/p>\n<\/td>\n

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Accelerate at a CAGR of 6.48%<\/span><\/p>\n<\/td>\n<\/tr>\n

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Market growth 2024-2028<\/span><\/p>\n<\/td>\n

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USD 265.9 billion<\/span><\/p>\n<\/td>\n<\/tr>\n

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Market structure<\/span><\/p>\n<\/td>\n

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Fragmented<\/span><\/p>\n<\/td>\n<\/tr>\n

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YoY growth 2022-2023 (%)<\/span><\/p>\n<\/td>\n

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5.45<\/span><\/p>\n<\/td>\n<\/tr>\n

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Regional analysis<\/span><\/p>\n<\/td>\n

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Europe<\/span><\/p>\n<\/td>\n<\/tr>\n

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Performing market contribution<\/span><\/p>\n<\/td>\n

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Europe at 100%<\/span><\/p>\n<\/td>\n<\/tr>\n

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Key countries<\/span><\/p>\n<\/td>\n

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Germany, France, UK, Italy, and Rest of Europe<\/span><\/p>\n<\/td>\n<\/tr>\n

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Key companies profiled<\/span><\/p>\n<\/td>\n

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AmRest Holdings SE, Compass Group Plc, Costa Group Holdings Ltd., Dominos Pizza Inc., Elior Group SA, gategroup Holding AG, Greggs Plc, Groupe Bertrand, LE DUFF Group, LSG Group, Mitchells and Butlers plc, PizzaExpress Restaurants Ltd., QSR Platform Holding SCA, Restalia Grupo de Eurorestauracion SL, Restaurant Brands International Inc., Sodexo SA, Starbucks Corp., The Restaurant Group PLC, Whitbread PLC., and YUM Brands Inc.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

Segment Overview<\/b><\/p>\n

This foodservice market in europe report extensively covers market segmentation by Sector (Commercial, Non-commercial) Service (Conventional, Centralized, Ready-prepared, Assembly-serve) Geography (Europe<\/span>)<\/p>\n

Market segmentation by Sector<\/b><\/p>\n

The Foodservice Market in Europe<\/span> experienced significant growth in 2023, with Commercial segment leading, driven by the convenience of Quick-Service Restaurants (QSRs) offering Arabian appetizers, pizza, hamburgers, chicken teriyaki, and red meat consumption. E-commerce channels like Trendyol and Yemeksepeti have become essential, with digital transformation and technological advancements shaping the industry. Digital menus, online ordering platforms, and contactless payment options have become standard practices for tech-fluent consumers. Dietary preferences and cultural tastes continue to influence menus, with plant-based options, vegetarian options, and vegan options gaining popularity due to health considerations and ethical considerations. The cost sector channels, including military & civil defense, healthcare, education, welfare & services, and complimentary services, accounted for the largest sales in the foodservice industry. Consumer behavior is influenced by tourism, with ventures in the foodservice sector attracting venture capital investments. McDonald’s, Subway, and other establishments offer cheesecake, baguettes, and other diverse options to cater to various tastes. The foodservice industry continues to evolve, adapting to changing consumer preferences and technological advancements.<\/p>\n

Geography Overview<\/b><\/p>\n

The European foodservice industry, including Germany<\/span>, is undergoing digital transformation with technological advancements shaping consumer behavior. Foodservice establishments are adapting to tech-fluent consumers by offering digital menus, online ordering platforms, and contactless payment options. Standard practices now include catering to dietary preferences, cultural tastes, and ethical considerations, with plant-based, vegetarian, and vegan options increasingly popular due to health and ethical considerations. The largest cost sectors, such as military & civil defense, healthcare, education, and welfare & services, are major consumers. Venture capital is fueling the growth of food tech start-ups, including cloud kitchens, which are disrupting the industry. Digital platforms like Deliveroo, Just Eat, Uber Eats, GrubHub, and Glovo are expanding reach, while smartphone applications enable on-the-go ordering. The European Union’s largest markets, including tourism, are significant sales drivers. Immigrant populations bring diverse culinary influences, further enriching the industry. Fast-food chains also play a role, but the trend is towards more personalized, tech-driven experiences.<\/p>\n

Insights on the market contribution of various segments including country and region wise, historic (2018 – 2022) and forecast market size– <\/b>Download a Sample Report<\/b><\/a><\/p>\n