Foodservice Industry Quarterly Market Review Q2, 2021 - Global Market Overview, Key Consumer and Innovation Trends, Deals and Case Studies
Summary
Global concern for the pandemic has driven foodservice providers to continue adapting their business operations, primarily to be more delivery-focused. This even applies to countries that have lifted COVID-19 regulations, such as China, as concern for dining on-premise remains high amongst consumers.
Scope
- Overall, the global foodservice industry is forecast to have a value growth of 23% during the 2020-21 period, an absolute growth of around US$529 million.
- The value growth has been contracted compared to previous expectations in Q1, which forecasted that foodservice value would grow by 32% during the 2020-21 period.
- This is mainly driven by social distancing restrictions for many key markets (e.g., the UK and the US) not being alleviated earlier as planned in Q2, and the roadmap to the end of the global pandemic remains uncertain
Reasons to Buy
- Assess the global market development and categories driving performance in Foodservice
- Identify the key consumer behaviors shaping Foodservice and their resulting trends
- Gain access to forward-looking recommendations and future innovation opportunities
Market Monitor
Executive Summary
Market Overview
Market Dynamics
Deals Analysis
News Analysis
New Initiatives
Take outs
Appendix
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