Restaurants and Mobile Food Services Global Market Report 2024

The restaurants and mobile food services market size has grown steadily in recent years. It will grow from $2973.89 billion in 2023 to $3119.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The expansion observed in the historical period can be credited to robust economic growth in emerging markets, an increasing appetite for fast foods, elevated expenditures on dining out, and the impact of digital media marketing and social media.

The restaurants and mobile food services market size is expected to see strong growth in the next few years. It will grow to $3896.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The anticipated growth in the forecast period can be linked to the growing request for online food delivery services, an increasing population, rising urbanization, and evolving consumer preferences. Key trends in the forecast period involve a concentration on autonomous delivery systems, quick-service restaurants (QSRs), robot-based restaurants, cloud-based technology, the Internet of Things (IoT), sustainability, and engagements in partnerships and acquisitions.

Globalization is anticipated to facilitate more joint ventures, foreign investments, global expansions, and the establishment of facilities by multi-national companies in high-growth regions. This enables restaurant operators to offer their cuisines worldwide, leveraging the availability of exotic ingredients and providing a sophisticated and diverse range of dishes. McDonald's serves as an example by operating in numerous countries and adapting its products and services to different locales, supporting its global brand. This trend is expected to drive investments in the market.

The growth of the restaurants and mobile food services market is expected to be fueled by an increasing number of restaurants. These establishments play a crucial role in providing prepared meals and beverages for dine-in, takeout, or delivery, enhancing the overall dining experience. For instance, in October 2022, the UK had 31,425 licensed restaurants, marking a 5.87% increase from 2021, and highlighting the upward trend in restaurant numbers. This growth in restaurant establishments contributes to the expansion of the restaurants and mobile food services market.


Establishments in the restaurant and mobile food service market heavily depend on recommendations and reviews, leading them to actively promote themselves through social media platforms. Mobile applications such as GrubHub and JustEat empower customers to review menus, access nutrition information, place orders, and make reservations. The use of social media enhances customer loyalty and public reputation, as patrons share photos and reviews, contributing to increased restaurant awareness. For instance, live streaming restaurant videos are adopted by some restaurants to engage online followers and foster interaction. Social media is anticipated to play a crucial role in driving the restaurant and mobile food services industry.

Major companies in the restaurants and mobile food services market are increasingly focusing on the implementation of conversational food AI platforms to optimize profitability. A conversational food AI platform leverages artificial intelligence, natural language processing, and machine learning to facilitate interactive conversations with users on various food-related aspects such as cooking, nutrition, recipes, and dining. In October 2023, Vistry, a US-based restaurant automation solutions provider, launched LumoChat, a conversational AI platform tailored for assisting customers in online food ordering across multiple channels, including the web and mobile. LumoChat utilizes ChatGPT-such as technology to offer personalized customer experiences, streamline online orders, and features convenient checkout options such as auto-filled details and secure payment methods.

Major companies operating in the restaurants and mobile food services market report are Darden Restaurants, Yum China Holdings, Inc., McDonald's, Chipotle, Zensho Holdings Co Ltd., Subway, Chick-fil-A, Berkshire Hathaway Inc., Bloomin' Brands, Brinker International, Qummy, Bomra's, Mimi Kakushi, Orfali Bros Bistro, GrowFood, Live Menu, Zuma, Olympic Oils Limited, PedidosYa, iFood, LPM Restaurant & Bar, Wasabi by Morimoto, Burger King, MenuDino, The Table, Flair Rooftop, Masque, Bon Bon Buddies Ltd., Gaia, LanTing Restaurant, Salon de Ville, Bartello, Interfood Technology Ltd., Il Borro Tuscan Bistro, Broniboy, Club Dominó, Uber Eats, The Handmade Cake Company Limited, Cut by Wolfgang Puck, Just Eat, YICAFE at Pudong Shangri-La, KFC, Deliveroo, La Vita è Bella, Reif Kushiyaki, Performance Food, Catery, Cracker Barrel Old Country Store, The Abergavenny Fine Foods Company, 3 Fils, Shanghai Haidilao Hot Pot, Pizza Express, Iiko, Jin Xuan Chinese Restaurant, Welldone, Restaurant Brands International Inc., Amazonico, Fiona Cairns Limited.

Asia-Pacific was the largest region in the restaurants and mobile food services market in 2023. North America was the second largest region in the restaurants and mobile food services market. The regions covered in the restaurants and mobile food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the restaurants and mobile food services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The restaurants and mobile food services market includes revenues earned by entities by offering food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating; and providing food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating. The market also includes revenues earned from preparing and/or serving a specialty snack (e.g., ice cream, frozen yogurt, cookies) and/or nonalcoholic beverages (e.g., coffee, juices, sodas) for consumption on or near the premises. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Various types of restaurants and mobile food services include full-service restaurants, limited-service restaurants, cafeterias, grill buffets, buffets, and mobile food services. A cafeteria is a self-service restaurant where patrons choose their meals from a counter and settle the payment before taking the food to their table. Typically found in public facilities such as hospitals and retail establishments, cafeterias are owned by either chained or standalone entities. These services cater to a diverse price range, spanning from high-end to economy, and are accessible through both online and offline channels.

The restaurants and mobile food services market research report is one of a series of new reports that provides restaurants and mobile food services market statistics, including restaurant and mobile food services industry global market size, regional shares, competitors with a restaurant and mobile food services market share, detailed restaurant and mobile food services market segments, market trends and opportunities, and any further data you may need to thrive in the restaurants and mobile food services industry. This restaurants and mobile food services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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