The restaurants and mobile food services market consists of sales of restaurants and mobile food services and related goods by entities (organizations, sole traders and partnerships) that provide food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating; provide food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating; or prepare and/or serve 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. This market includes revenues from sales by restaurants to a delivery service but not the revenues of the delivery service itself. The restaurants and mobile food services market is segmented into full-service restaurants; limited-service restaurants; cafeterias, grill buffets, and buffets and mobile food services.
The global restaurants and mobile food services market is expected to grow from $2193.94 billion in 2020 to $2619.27 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3331.62 billion in 2025 at a CAGR of 6%.
