Food Service Industry The global food service industry size is likely to jump from US$ 3,483,539.5 million in 2023 to US$ 5,704,966.8 million by 2033. This projected expansion is anticipated to expand at a 5.3% CAGR in the demand for food services over the upcoming decade. Convenience, rising purchasing power, and the emergence of a variety of …
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Ready-to-Eat Food Market Forecasted to Reach US$ 391.1 Billion by 2034 with 9.2% CAGR – Growing Demand Among Busy Lifestyles and Food Service Industry
Ready-To-Eat Food Market The global Ready-To-Eat Food Market is projected to reach US$ 195.9 billion in 2024 and US$ 391.1 billion in 2034. By 2034, the ready-to-eat food demand is expected to surge at a CAGR of 9.2%. Changing social and economic patterns, increasing spending on food, and changes in dietary habits are set to drive the worldwide demand for convenient and …
Increasing consumer preference for convenience and growing disposable income are driving demand for fast food and takeout options
The global food service industry size is likely to jump from US$ 3,483,539.5 million in 2023 to US$ 5,704,966.8 million by 2033. This projected expansion is anticipated to expand at a 5.3% CAGR in the demand for food services over the upcoming decade. Well-known companies such as KFC, McDonald’s, and Domino’s dominate the global fast-food market, which …