The size of the global food service market reached **** trillion U.S. dollars in 2021. This figure was forecast to grow to **** trillion U.S. dollars in 2028, showing a CAGR of *** percent from 2021 to 2028.

The global food service market size was worth $3,486.58 billion in 2024 is projected to grow from $4,027.61 billion in 2025 to $6,810.86 billion by 2032

The market size of the restaurant industry in the United Kingdom was predicted to rise to ** billion British pounds in 2024, which would represent an increase of *** percent over 2023. That year, the industry's market value stood at ***** billion British pounds.

The United States Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

In 2023, the market size of the quick service restaurant industry worldwide reached *** trillion U.S. dollars, representing a slight increase over the previous year. Quick service restaurants, also known as limited service or fast food restaurants, are establishments which typically serve food to customers quickly while having minimal table service. What are the leading fast food restaurant chains worldwide? As of 2024, ********* held the title of the highest-valued restaurant brand in the world. With a brand value exceeding ** billion U.S. dollars, it was nearly double that of the second most valuable brand, **********. In the ranking of the leading food and drink service chains by global sales, ********* was among the top three, generating over ** billion U.S. dollars. The company closely followed the UK-based food service leader, *****************. Which country has the highest number of Starbucks locations? In 2023, the country with the most Starbucks stores was *************************************, where there were over *********** locations. The coffee shop chain also had a significant presence in China and Korea. In the U.S., ********* was the coffee shop chain with the highest sales, generating approximately ** billion U.S. dollars more than its closest competitor, *******. Additionally, Starbucks enjoyed popularity among U.S. consumers, receiving an average American Customer Satisfaction Index (ACSI) score of *************.

The US Foodservice Market report segments the industry into Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), Outlet (Chained Outlets, Independent Outlets), and Location (Leisure, Lodging, Retail, Standalone, Travel). Five years of historical data and five-year forecasts are included.

This statistic shows the global market size of the restaurant industry in select counties in 2016. The market size of restaurant industry in the United States was around *** billion U.S. dollars.

The Canada Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

The India Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

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US Fast Casual Restaurants Market Size 2025-2029

The US fast casual restaurants market size is valued to increase USD 84.5 billion, at a CAGR of 13.7% from 2024 to 2029. Demand for innovation and customization in food menus will drive the US fast casual restaurants market.

Major Market Trends & Insights

By Channel - Dine-in segment was valued at USD 48.90 billion in 2022
By Application - Franchised segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 148.40 billion
Market Future Opportunities: USD 84.50 billion
CAGR from 2024 to 2029 : 13.7%

Market Summary

The Fast Casual Restaurants Market in the US continues to expand, driven by consumer preferences for fresh, customizable meal options. According to recent data, the market is projected to reach a value of USD115.5 billion by 2026, growing at a steady pace. This growth is fueled by the demand for innovation and personalization in food menus, with fast casual restaurants offering a middle ground between the limited offerings of quick-service establishments and the higher prices and longer wait times of full-service restaurants. In response to this trend, fast casual chains have been increasingly focusing on digitalization, streamlining ordering processes and enhancing the customer experience through mobile apps and contactless payment options.
However, this market segment faces intense competition from quick-service restaurants, which have also been adopting similar strategies to cater to evolving consumer preferences. As a result, fast casual restaurants must continue to differentiate themselves through unique menu offerings, efficient operations, and exceptional customer service to maintain their market share. Despite these challenges, the future of the fast casual market in the US remains promising, with opportunities for growth in both urban and suburban areas and the potential to expand beyond traditional brick-and-mortar locations through delivery and catering services.

What will be the Size of the US Fast Casual Restaurants Market during the forecast period?

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How is the Fast Casual Restaurants in US Market Segmented and what are the key trends of market segmentation?

The fast casual restaurants in US industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Channel

  Dine-in
  Takeaway


Application

  Franchised
  Standalone


Food Type

  Burger/Sandwich
  Pizza/Pasta
  Asian
  Latin American
  Chicken
  Others


Target Audience

  Millennials
  Working Professionals
  Families


Distribution Channel Specificity

  Specialty Chains
  Online Platforms
  Retail Foodservice


Geography

  North America

    US

By Channel Insights

The dine-in segment is estimated to witness significant growth during the forecast period.

Fast casual restaurants in the US, a hybrid of fast food and casual dining, have been continuously evolving since their inception, offering better quality meals with less frozen or processed ingredients. Operational efficiency improvements, such as revenue management techniques and table management systems, have been key to their success. Cost control strategies, including digital menu boards, inventory management software, and marketing automation tools, help maintain profitability. Third-party delivery services and brand positioning strategies cater to the growing demand for convenience. Sustainability initiatives, like food waste reduction and customer loyalty programs, enhance the dining experience and foster long-term relationships.

Kitchen display systems, food safety management, energy efficiency measures, and wait time optimization ensure consistent quality and customer satisfaction. Sales forecasting models, employee retention strategies, labor scheduling software, and restaurant management systems facilitate efficient operations. Data analytics dashboards, social media marketing, online reputation management, and order fulfillment process enhance customer engagement. Peak hour management, online ordering platforms, guest feedback systems, and customer experience metrics provide valuable insights for continuous improvement. Supply chain optimization and employee training programs ensure consistency and quality in menu offerings. According to a recent report, fast casual restaurants account for over 5% of total US foodservice sales.

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The Dine-in segment was valued at USD 48.90 billion in 2019 and showed a gradual increase during the forecast period.

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Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and

Food Service Market Outlook

According to our latest research, the global food service market size reached USD 3.59 trillion in 2024, reflecting robust expansion across both developed and emerging economies. The market demonstrated a steady growth trajectory, recording a CAGR of 5.3% over the past year. Several key factors, including urbanization, evolving consumer preferences, and the rapid advancement of digital ordering platforms, are driving this momentum. Looking ahead, the food service market is projected to achieve a value of USD 5.69 trillion by 2033, as calculated by the current CAGR, underscoring the sector’s resilience and adaptability to changing global dynamics.

One of the primary growth drivers for the food service market is the ongoing transformation in consumer lifestyles, particularly in urban areas. The increasing prevalence of dual-income households and time-constrained consumers has led to a surge in demand for convenient, ready-to-eat, and on-the-go food options. Quick service restaurants (QSRs) and cafés have capitalized on this shift, offering fast, affordable meals without compromising on quality or variety. Furthermore, the rise of health-conscious consumers is prompting food service providers to expand their menus with nutritious, organic, and plant-based offerings, further broadening their customer base. This trend is particularly evident in metropolitan regions, where consumers are willing to pay a premium for healthier alternatives and unique dining experiences, thus propelling overall market growth.

Another significant factor influencing market expansion is the integration of technology across the food service value chain. The proliferation of online food delivery platforms, mobile applications, and digital payment solutions has revolutionized the way consumers interact with food service providers. These technological innovations not only enhance customer convenience but also enable businesses to streamline operations, reduce costs, and gain valuable insights into consumer behavior through data analytics. The COVID-19 pandemic further accelerated digital adoption, with contactless ordering and delivery becoming the norm. As a result, both established chains and independent operators are investing heavily in digital infrastructure to remain competitive and cater to the evolving preferences of tech-savvy customers.

Additionally, the expansion of the food service market is supported by the increasing globalization of cuisines and the rising popularity of experiential dining. Consumers are more adventurous than ever, seeking diverse culinary experiences that reflect global food trends. This has led to the proliferation of specialty restaurants, fusion cuisines, and themed dining establishments, particularly in cosmopolitan cities. The hospitality sector, including hotels and resorts, is also leveraging this trend by partnering with renowned chefs and launching exclusive dining concepts to attract both local and international guests. These developments, coupled with strategic investments and franchise expansions by leading brands, are fostering a dynamic and competitive market landscape.

From a regional perspective, Asia Pacific dominates the global food service market, accounting for the largest share due to its vast population, rapid urbanization, and rising disposable incomes. North America and Europe also represent significant markets, characterized by high consumer spending and a mature food service infrastructure. Meanwhile, Latin America and the Middle East & Africa are emerging as promising growth regions, driven by a burgeoning middle class and increasing tourism activities. Each region presents unique opportunities and challenges, influenced by cultural preferences, regulatory environments, and economic conditions, which collectively shape the trajectory of the global food service market.

Type Analysis

The food service market is broadly segmented into commercial and non-commercial types, each serving distinct consumer needs and operating within different bu

Market Size statistics on the Fast Food Restaurants industry in the US

The France Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

The Fine Dining Restaurants industry weathered the turbulence of the COVID-19 pandemic to return to strong growth. The industry is characterized by high-end dining establishments. As a result, growth in per capita disposable income, consumer confidence and spending and the prevalence of households earning more than $100,000 in annual income has benefited the industry, enabling consumers to opt for premium dining experiences. Nevertheless, restaurants were forced to curtail dine-in operations when the COVID-19 struck, reducing demand for fine-dining restaurants as services at these establishments involve a high degree of in-person experience. Overall, industry revenue is forecast to increase at a CAGR of 2.7% to $16.7 billion over the five years to 2024. The industry rapid recovery since the peak of COVID-19 pandemic shutdowns has stemmed from the strong increase in households that generate annual income above $100,000, as these consumers can typically afford the premium prices charged by fine dining restaurants. The number of households within this income bracket has expanded since 2021, giving fine dining restaurants a broader base for a key consumer market segment. In 2024, the industry will continue growing, with revenue projected to rise 2.4%. The restaurant industry will be defined by intense competition moving forward, especially as purchase costs are pressured by rising prices created in the aftermath of the COVID-19 pandemic. Restaurants will seek to adjust, altering menus in light of pricing pressures and adjusting to changing consumer trends. Ultimately, fine dining restaurants will benefit from the continued expansion of consumer incomes, especially of households earning more than $100,000 in annual income. As a result, industry revenue is forecast to increase at a CAGR of 2.8% to $19.2 billion over the five years to 2029. This will allow profit margins across the industry to rise.

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Food Service Market Size 2025-2029

The food service market size is forecast to increase by USD 53709.5 billion, at a CAGR of 47.5% between 2024 and 2029.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
By the Service - Conventional segment was valued at USD 1173.40 billion in 2023
By the Sector - Commercial segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 1.00 billion
Market Future Opportunities: USD 53709.50 billion 
CAGR : 47.5%
APAC: Largest market in 2023

Market Summary

The market continues to evolve, with significant shifts in consumer preferences and industry trends. According to recent studies, the sector is witnessing a notable increase in the demand for convenience and customization, leading to a surge in the adoption of off-premise dining options. In fact, off-premise sales are projected to account for over 50% of the total foodservice revenue by 2025, marking a substantial growth compared to the 35% share in 2020. Moreover, the snacking market within the foodservice industry is experiencing a remarkable expansion, with consumers opting for more frequent and diverse snacking occasions. This trend is particularly prominent among millennials and Gen Z, who are driving the demand for innovative, on-the-go snack solutions. Despite these positive developments, the foodservice sector faces challenges such as labor shortages and rising operational costs, which may impact profitability and growth. However, industry players are responding by adopting technology solutions, including automation and contactless ordering systems, to streamline operations and enhance the customer experience. Overall, the foodservice market's continuous evolution underscores the importance of staying informed about emerging trends and consumer preferences to capitalize on new opportunities.

What will be the Size of the Food Service Market during the forecast period?

Explore market size, adoption trends, and growth potential for food service market Request Free SampleThe market exhibits a consistent growth trajectory, with current industry performance registering at approximately 6% yearly expansion. Looking ahead, this trend is anticipated to continue, with future growth expectations hovering around 5%. Notably, the adoption of advanced technologies, such as online ordering platforms and kitchen workflow optimization solutions, is driving this growth. For instance, the integration of technology in food service operations has led to a 15% increase in order accuracy and a 10% reduction in wait times for customers. Furthermore, the implementation of inventory management software has resulted in a 12% decrease in food waste and a 7% improvement in overall operational efficiency. These figures underscore the significant impact technology is having on the food service industry, setting the stage for continued innovation and growth.

How is this Food Service Industry segmented?

The food service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ServiceConventionalCentralizedReady-preparedAssembly-serveSectorCommercialNon-commercialCuisine TypeAmericanItalianAsianPrice RangeBudgetMid-rangePremiumTarget AudienceFamiliesProfessionalsStudentsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Service Insights

The conventional segment is estimated to witness significant growth during the forecast period.

In the dynamic the market, energy efficiency solutions have gained significant traction, reducing operational costs by up to 15% for restaurants and cafeterias. Simultaneously, pest control procedures and equipment maintenance schedules ensure food safety and hygiene, maintaining a 20% reduction in pest infestations. Online ordering platforms and table management systems streamline operations, increasing revenue by 18% through improved customer experience and streamlined workflows. Revenue management strategies, such as dynamic pricing and demand forecasting, have become essential tools, contributing to a 21% increase in revenue for food service providers. Supply chain traceability and nutrition labeling requirements foster transparency and trust, with a reported 25% of consumers preferring establishments that provide detailed information about their offerings. Restaurant reservation systems, HACCP implementation, and ingredient sourcing strategies are crucial components of the food service industry, enabling efficient workflows and ensuring regulatory compliance. Food service technology, including kitchen w

Full-service restaurants in China account for the largest revenue share of China's catering subsector. Approximately 80% of the total catering subsector's revenue came from the Full-Service Restaurant industry. The Full-Service Restaurants industry's proportion of the total catering subsector has decreased slightly in recent years, due to the rapid growth of its main external competitor, the Fast-Food Restaurant industry. Nevertheless, industry revenue has grown steadily over the past five years. Industry revenue is expected to increase at an annualized rate of 6.6% over the five years through 2024. This includes 19.8% growth in 2024, to total $784. billion, reflecting recovery after the COVID-19 pandemic outbreak in 2020. Competition is high and the market is highly fragmented. The combined market share of the top four companies, Sichuan Haidilao Catering Company Limited; Inner Mongolia Xibei Catering Group, China Quanjude (Group) and Shaoshan Maojia Restaurant Development Co., Ltd., is estimated to be only 1.6% in 2024. Some firms that have built strong brand images over many years have begun operating at a national scale by developing chain operations. However, this development has slowed in recent years due to operating model development difficulties. The main chain-operation models used in the industry are franchising and direct management of one's own restaurants. Some of the major players have shifted toward direct management due to legal frameworks disadvantaging franchise operations and brand copyrighting. Industry revenue is projected to rise at an annualized 15.3% over the five years to 2029, to total $1.6 billion. Improvements in the legal framework for franchising and intellectual property rights will likely stimulate chain operation growth, and major players are projected to continue expanding their networks of branch restaurants and franchises. Technology changes will likely continue, primarily regarding credit card use. The development of China's financial markets and credit card businesses is forecast to strongly influence this technological change.

The India Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

The market size of the Italian restaurant sector in the United States experienced a slight increase from 2022 to 2023. In 2023, the sector's market size reached **** billion U.S. dollars, up from the previous year's total of ***** billion U.S. dollars.

According to Cognitive Market Research, the global Restaurant Software Market size was USD 4685.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1874.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1405.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1077.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 234.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 93.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.7% from 2024 to 2031.
The Restaurant Management Software is the fastest growing segment of the Global Restaurant Software Market.

Market Dynamics of Restaurant Software Market

Key Drivers for Restaurant Software Market

Significant Expansion of Restaurant Chains Worldwide to Boost Market Growth

The global restaurant industry has witnessed significant expansion in recent years, driven by changing consumer preferences and urbanization. The rise of quick-service and fast-casual dining concepts, coupled with increasing demand for diverse culinary experiences, has spurred the growth of restaurant chains across various regions. Major restaurants are aggressively expanding their presence in emerging markets such as Asia-Pacific, Latin America, and the Middle East, capitalizing on rising disposable incomes and shifting lifestyles. Additionally, the popularity of franchise models has enabled rapid scalability, allowing local entrepreneurs to invest in well-established brands, further fueling expansion. The developers operating in the restaurant software market are developing novel products to meet customer needs. For instance, in September 2024, Zomato announced the new POS developer platform to help restaurants enhance and optimize their operations. The platform offers clear documentation, real-time API testing, and a toolkit for POS partners to scale features efficiently. Overall, the global expansion of restaurant chains reflects broader economic and social trends, positioning the sector for continued growth.

Growing numbers of online food delivery platforms

The rise of online food delivery platforms is driving significant demand for restaurant software solutions to manage increasing operational complexity. As more restaurants partner with services, they require advanced software to handle the influx of online orders, process payments, and track deliveries seamlessly. This has led to greater adoption of Point-of-Sale (POS) systems that integrate with delivery platforms for real-time updates and efficient order management. Furthermore, restaurant software now needs to support multiple delivery platforms, manage complex menu synchronization, and offer tools for optimizing operations based on consumer data. Features such as inventory management, customer relationship management (CRM), and analytics are increasingly critical as restaurants leverage insights from these platforms to enhance customer experiences and improve profitability.

Restraint Factor for the Restaurant Software Market

Substantial Cost of Implementing and Maintaining Restaurant Software

The substantial cost of implementing and maintaining restaurant software can be a major challenge for businesses, particularly small and medium-sized establishments. These costs include upfront expenses such as purchasing or subscribing to software, hardware such as POS terminals, and installation fees. Additionally, ongoing maintenance involves software updates, troubleshooting, technical support, and potential integration with other systems like online ordering platforms and inventory management tools. Moreover, training staff on new systems adds to the cost. For many restaurants, balancing these investments with operational savings can be a financial strain.

Impact of Covid-19 on the Restaurant Software Market ...

The European restaurants and takeaways market has enjoyed strong demand from consumers seeking varied dining options to suit their busy lifestyles. There’s a huge number of food establishments for people to visit, providing various cuisines from all over the world. Europe's well-established out-of-home dining scene and the public’s willingness to dine out have supported revenue expansion. Industry growth has been slowed by recent challenges stemming from the COVID-19 pandemic, severe inflationary pressures and economic uncertainty. Revenue is forecast to contract at a compound annual rate of 7.9% over the five years through 2025 to €488.1 billion, including an expected 3.5% climb in 2025. Consumer habits and strong income levels encourage European consumers to frequent restaurants and order takeaways. The convenience of ordering tasty dishes to doorsteps has also fuelled demand, with platforms like Deliveroo and Just Eat reporting strong growth. However, this has also raised price competition and weighed on profit. Growing health awareness is a significant trend in the industry, encouraging restaurants and takeaways to roll out more healthy options. The industry has rebounded well since the COVID-19 pandemic damaged dine-in revenue as restrictions kept consumers at home, shifted work patterns and drastically reduced tourism. Food companies have also grappled with severe inflationary pressures, which have eaten into profit and constrained consumer spending on pricey restaurants and takeaways. Companies raised prices to protect profit but were often unable to pass on cost increases in full due to intense competition and consumer price sensitivity. Revenue is slated to swell at a compound annual rate of 7.2% over the five years through 2030 to €690.6 billion. Improving consumer finances and increasingly busy lifestyles will fuel demand for convenient grab-and-go food, as well as fast-casual restaurants. A preference for convenience will continue to support online food ordering, benefitting companies with delivery capabilities. Many will rely on food ordering platforms like Deliveroo to reach a wider consumer base. Evolving consumer tastes and intense competition will stimulate the introduction of new, healthier food options to menus, including vegan, vegetarian and organic food offerings. Investment in technology will be key to enhancing efficiency and providing a better customer experience.