The restaurant and mobile food service industry is boosted by globalization


Global Restaurants and Mobile Food Service Market Report 2021: Impact of COVID-19 and Recovery to 2030

The Business Research Company Global Restaurant and Food Service Market 2021 Report: Impact of COVID-19 and Recovery to 2030

LONDON, GREATER LONDON, United Kingdom, June 30, 2021 / – Globalization is expected to pave the way for more joint ventures, foreign investment, global expansion, and multinational company facilities in high growth regions, thus enabling restaurateurs to offer their kitchens to customers across the country. whole world. Globalization also makes it easier for restaurants to source exotic ingredients and hence to offer a more sophisticated and wider variety of dishes to their customers, thus giving restaurants the opportunity to compete on a global scale. In addition, globalization has increased the number of potential sellers for restaurants, reducing the bargaining power of suppliers and thus improving results. For example, McDonald’s produces in many countries and has franchises around the world. It invests and supports initiatives to tailor its products and services to different locations to ensure its global brand. This rise in globalization is likely to stimulate investment and therefore drive the market forward.

Large companies in catering and mobile catering industry include McDonald’s, Subway, Darden Restaurants Inc, Yum China Holdings Inc.

The global mobile restaurants and foodservice market is expected to grow from $ 2,193.94 billion in 2020 to $ 2,619.27 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The growth is mainly driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that have resulted in operational challenges. The market is expected to reach $ 3,331.62 billion in 2025 at a CAGR of 6%.

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Asia Pacific is the largest region in the global restaurant and mobile food service market, accounting for 51% of the market in 2020. North America is the second largest region accounting for 24% of the global market. Africa is the smallest region in the global catering and mobile catering services market.

The global restaurants and mobile food service market is segmented by type into full service restaurants, limited service restaurants, cafeterias, grill buffets and buffets, mobile food services, by property in chain market, autonomous market and by price in high prices. end, economy.

Global Restaurants and Mobile Food Service Market Report 2021: COVID-19 Impact and Recovery to 2030 is part of a series of new reports from The Business Research Company that provides restaurant and mobile food services market overview, restaurant market size and growth forecast and mobile catering services for the entire market, restaurants and mobile catering services market segments and geographies, restaurant and mobile catering market trends, restaurant and mobile catering market drivers, restraints, revenues, profiles and market shares of the main competitors.

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