Global Foodservice Sector Snippet
The foodservice market has seen a 36.4% increase in deal value from 2016 to 2017.
118 worldwide deals were completed in the foodservice industry in 2017.
Foodservice, defined as the industry serving food outside the home (HoReCa), as well as the service providers – food wholesalers, logistics providers and the like – that cater to the HoReCa industry, is a thriving sector everywhere in the world.
Currently Asia Pacific is the world’s leading foodservice market, accounting for 43% of the market share, driven by rising demand in India and China.
Europe is the third largest foodservice market with France, Germany, Italy, the UK, and Spain as major foodservice submarkets.
Borders between the different market segments are becoming increasingly blurred. Traditional HoReCa suppliers are increasingly challenged by Cash & Carry players and Logistics & Transport segments.
The total foodservice sales value worldwide is estimated at USD 3.4 trillion growing at 4.6% p.a. in 2016 and 2017 (est. CAGR 2015-20 is 3.4%), and the industry is estimated to employ 10.8 million people (many on a part-time basis).