Food Supply for Restaurants Market Report 2024

This Food Supply For Restaurants market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The food supply for restaurants market size has grown strongly in recent years. It will grow from $485.06 billion in 2023 to $513.06 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth during the historic period can be attributed to price fluctuations, the availability and cost of food products, consumer preferences, increased awareness of food safety, and climate conditions.

The food supply for restaurants market size is expected to see strong growth in the next few years. It will grow to $645.0 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth during the forecast period can be attributed to supply chain disruptions, import and export restrictions, supplier relationships, inventory management practices, and local sourcing initiatives. Major trends in this period include a growing emphasis on sustainable sourcing practices, technology integration, ethical and fair trade products, food waste reduction, alternative packaging, and digital supply chain management.

The growth of the tourism industry is expected to propel the food supply for restaurants market. Increased consumer confidence, improved travel accessibility, and the easing of pandemic-related restrictions are driving the rise in the tourism sector. The tourism industry boosts the food supply for restaurants by increasing demand for diverse and high-quality food options, fueled by higher customer volumes and varied culinary preferences. For instance, in May 2023, according to UN Tourism, a specialized agency of the United Nations based in Spain that promotes responsible, sustainable, and universally accessible tourism, international arrivals in the first quarter of 2023 reached 80% of pre-pandemic levels. Approximately 235 million tourists traveled internationally during the first three months of the year, more than double the number from the same period in 2022. Thus, the growth of the tourism industry is driving the expansion of the food supply for restaurants market.

Major companies in the food supply for restaurants market are focusing on developing innovative solutions such as next-day delivery for small and independent restaurant operators to enhance service efficiency and meet the growing demand for fast, reliable food supply solutions. Next-day delivery ensures that a package reaches the recipient's address by the next business day after it has been shipped. For example, in April 2022, Kroger, a US-based retail company, launched a restaurant supply business offering next-day delivery to establishments in the greater Dallas area. This service offers competitive wholesale pricing to restaurants, with delivery available seven days a week. It targets small and independent restaurant operators, providing set prices and flexible delivery options, and catering to establishments struggling to meet order minimums and planned supply schedules required by traditional food service companies.

In January 2024, Raydia Food Group, a US-based food service distribution company, acquired B & B Food Distributor Inc. for an undisclosed amount. This acquisition aims to enhance Raydia's distribution capabilities and expand its product offerings within the food and beverage sector. B & B Foods Distributors Inc. is a US-based wholesale restaurant supplier and food service distributor.

Major companies operating in the food supply for restaurants market are Sysco Corporation, Performance Food Group, Tyson Foods Inc., US Foods, Gordon Food Service, Chefs' Warehouse, Reinhart Foodservice, Shamrock Foods Company, Brakes Foodservice, Jubilant FoodWorks, CHEF'STORE, What Chefs Want, Surya Foods, Total Foodservice Solutions Ltd, BlueCart Inc., Regency Foods Ltd, Pentagon Food Group, Bidfood, Collectiv Food, TGG Technologies Private Limited (ChfMart), Restaurant Depot, Hyperpure.

North America was the largest region in the food supply for restaurants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food supply for restaurants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the food supply for restaurants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Food supply for restaurants involves sourcing, purchasing, and delivering the ingredients and products needed for meal preparation and service. This process includes coordinating with various suppliers to ensure a consistent availability of fresh, quality food items. Effective management of food supply is essential for maintaining menu standards and ensuring customer satisfaction in the restaurant industry.

The primary types of food supply for restaurants include quick-service restaurants (QSRs), small and mid-size restaurants, and large hotels and restaurants. Quick-service restaurants, or QSRs, are fast-food establishments that provide limited menus, fast service, and convenient dining options. Orders can be in bulk or small to moderate quantities, covering a range of applications such as bakery items, dairy products, meat, poultry, and seafood, grains and flours, oils, sauces, dressings, condiments, canned, ready-to-cook, and packaged foods, as well as fresh and frozen vegetables and fruits, among others.

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

The food supply for restaurants market includes revenues earned by entities by providing services such as bulk ingredient supply, meat and seafood supply, and fresh produce delivery. 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.

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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