Food Service Market Report 2026

The food service market size has grown rapidly in recent years. It will grow from $2.85 trillion in 2025 to $3.16 trillion in 2026 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to urbanization and lifestyle changes, growth of dining out culture, expansion of restaurant chains, rising disposable income, globalization of cuisines.

The food service market size is expected to see rapid growth in the next few years. It will grow to $4.7 trillion in 2030 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to continued growth of food delivery platforms, increasing health conscious consumers, adoption of digital ordering systems, demand for sustainable sourcing, expansion of organized foodservice. Major trends in the forecast period include growth of online food ordering platforms, rising demand for sustainable food practices, expansion of cloud and ghost kitchens, increasing focus on food safety and hygiene, personalization of menus and dining experiences.

The rising demand for convenience foods is expected to drive the growth of the food service market in the coming years. Convenience foods are pre-packaged or pre-prepared products designed for quick and easy consumption with minimal preparation, often ready to eat or requiring simple steps such as heating or mixing, making them suitable for busy lifestyles. The growing preference for convenience foods is driven by time constraints, hectic work schedules, and the need for fast and easy meal solutions. Food service providers address this demand by offering quick, ready-to-eat meal options through efficient takeaway and delivery services, enabling consumers to access quality meals with minimal effort. For example, in August 2024, according to the U.S. Department of Agriculture (USDA) Economic Research Service (ERS), a US-based government economic analysis agency, consumer spending on food away from home in the United States increased by 12% in 2023, rising from $4,004 per person in 2022 to $4,485 per person, reflecting stronger demand for convenient and prepared food options. Therefore, the growing demand for convenience foods is driving the expansion of the food service market.

Major companies operating in the food service market are focusing on developing advanced solutions, such as AI-powered personalized food and recipe platforms, to tailor offerings to individual preferences and dietary requirements while simplifying meal planning and preparation. AI-driven personalized food and recipe solutions enhance the overall dining experience by using technology to support healthier and more enjoyable eating habits based on user-specific needs. For instance, in August 2023, Samsung Electronics, a South Korea-based electronics company, introduced an AI-powered personalized food service and recipe platform that uses advanced food AI to recommend meals based on user preferences and seasonal ingredients. The platform offers access to more than 160,000 recipes, functioning as a personalized assistant that helps users discover new dishes, create customized meal plans, and order ingredients online. It also adapts recipes to align with dietary restrictions, nutritional goals, and available ingredients.

In May 2024, Restaurant Brands International Inc., a UK-based multinational fast-food holding company, acquired Carrols Restaurant Group for $1 billion. This acquisition supports Restaurant Brands International’s “Reclaim the Flame” strategy, which includes a planned $500 million investment to renovate more than 600 Carrols-operated restaurants before refranchising them over the next seven years. Through this transaction, Restaurant Brands International aims to strengthen its position in the fast-food market by integrating the largest Burger King franchisee in the United States into its operations. Carrols Restaurant Group is a US-based company that operates as a major Burger King franchisee within the quick-service restaurant sector.

Major companies operating in the food service market are Sysco Corporation, Compass Group, McDonalds Corporation, Sodexo SA, Marriott International, Dominos Pizza Inc., Aramark Corporation, Darden Restaurants Inc., Chipotle Mexican Grill Inc., Tim Hortons Inc, Yum Brands Inc., KFC Corporation, Restaurant Brands International Inc., Elior Group, Jollibee Foods Corporation, Papa Johns International Inc., Wendys Company, Whitbread PLC, Supermacs Holdings Ltd., Dunkin Brands Group Inc.

Asia-Pacific was the largest region in the food service market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food service market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the food service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The food service market includes revenues earned by entities by dine-in service, delivery service, drive-thru service, buffet service, and mobile food service. 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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