Food Services and Drinking Places Market Report 2026

The food services and drinking places market size has grown rapidly in recent years. It will grow from $2.96 trillion in 2025 to $3.27 trillion in 2026 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to urbanization, growth of eating out culture, expansion of quick service restaurants, rising disposable income, increase in working population.

The food services and drinking places market size is expected to see rapid growth in the next few years. It will grow to $4.8 trillion in 2030 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growth of cloud kitchens, demand for convenience dining, expansion of foodservice franchises, focus on cost optimization, adoption of smart kitchen technologies. Major trends in the forecast period include growth of online food ordering and delivery, expansion of chain based foodservice brands, rising demand for experiential dining concepts, increasing focus on sustainable food practices, adoption of digital payments and automation.

The growing number of food courts and malls is anticipated to drive the growth of the food services and drinking places market in the future. Food courts and food malls are designated areas within shopping centers or complexes that host a variety of food and beverage vendors, providing a communal dining space for visitors. This increase is driven by rising consumer demand for diverse dining options and the convenience of having multiple meal choices in one location. Food services and drinking places cater to these needs by offering a range of dining and beverage options in a centralized setting, improving convenience and variety for customers. For example, in March 2023, SingStat, a Singapore-based government organization, reported year-on-year sales growth across all food and beverage service industries. Food caterers saw the highest growth at 80.1%, restaurants grew by 16.4%, and sales for cafes, food courts, other eating places, and fast-food outlets increased by 13.2% and 11.1%, respectively. On a seasonally adjusted month-over-month basis, restaurant sales rose by 5.7% and food caterers by 2.5%. Thus, the increasing number of food courts and malls is fueling the growth of the food services and drinking places market.

Major companies in the food services and drinking places market are focusing on innovative solutions, such as one-stop-shop restaurant service hubs, to streamline operations, enhance customer experiences, and support the integration of various services. A one-stop-shop restaurant service hub provides a comprehensive range of services and amenities for the restaurant industry, helping restaurant owners, managers, and staff operate efficiently by offering supplies, equipment, and professional support. For instance, in July 2024, Zomato, an India-based food delivery and restaurant discovery company, launched a one-stop-shop service hub for quick service restaurants (QSRs) in India. This hub aims to streamline restaurant operations by connecting them with suitable vendors and assisting with Food Safety and Standards Authority of India (FSSAI) registration, goods and services tax (GST) registration, and trademark registration. Future services will include point-of-sale (POS) integrations and hygiene audits to support restaurants throughout their business journey.

In April 2024, Compass Group plc, a UK-based food service company, acquired CH&Co for £475 million ($607 million). This acquisition is intended to expand Compass Group’s presence in the food services sector, enhance its service offerings, diversify its portfolio, and strengthen its market position by leveraging CH&Co's expertise in catering and food services. CH&Co Catering Group Limited is a UK-based company operating in the food services and drinking places sector.

Major companies operating in the food services and drinking places market are Sysco Corporation, Performance Food Group, US Foods Holding Corp., Starbucks Corporation, Compass Group plc, Sodexo Group, McDonald's Corporation, Subway IP LLC, Gordon Food Service, Chipotle Mexican Grill Inc., Elior Group SA, Ben E. Keith Company, Shamrock Foods Company, Delaware North, Chefs' Warehouse, Reinhart Foodservice LLC, Metz Culinary Management Inc., AVI Foodsystems Inc., Thompson Hospitality Corporation, Guckenheimer (ISS), Valley Services Inc., Creative Dining Services, Guest Services Inc., Bon Appétit Management Company, Centerplate Inc., Unidine Corporation, Brock & Company Inc.

North America was the largest region in the food services and drinking places market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food services and drinking places 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 services and drinking places market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The food services and drinking places market includes revenues earned by entities by providing services such as fast-food services, food delivery and takeout, food trucks, and event planning and management. 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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