What Is The Current and Historic Market Size Analysis Of Restaurants And Mobile Food Services Market?
The restaurants and mobile food services market has seen considerable growth due to a variety of factors.
• The sector of restaurants and mobile food services has seen robust expansion in the past few years. The market size is projected to surge from $3216.58 billion in 2024 to $3409.24 billion in 2025, with a Compound annual growth rate (CAGR) of 6.0%.
Factors such as significant economic development in emerging markets, growing preference for fast foods, heightened expenditure on eating out, along with the impacts of social media and digital marketing have contributed to its growth in the historical period.
How Does the Forecast Look for the Restaurants And Mobile Food Services Market?
The restaurants and mobile food services market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for significant expansion in the restaurants and mobile food services market over the upcoming years. This growth is predicted to reach $4285.96 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%.
This anticipated growth during the forecast period is largely due to the surge in demand for online food delivery services, population growth, increasing urbanization, and changes in consumer tastes. The prominent trends during this forecast period are predicted to be autonomous delivery systems, quick-service restaurants (QSRS) employing robot-based technologies, the adoption of cloud-based technology, the Internet of Things (IoT), sustainability efforts, and strategic partnerships and acquisitions.
What Are The Primary Growth Drivers In The Restaurants And Mobile Food Services Market?
The trend of globalization is anticipated to lay the groundwork for increased partnerships, overseas funding, international scaling, and transnational corporations establishing bases in rapidly growing areas. This allows restaurant businesses to present their variety of dishes to a global audience. Globalization is simplifying the process of obtaining unique ingredients, providing restaurants with the capability to offer a more refined and larger selection of meals to their clientele, thereby presenting opportunities for them to compete on a global scale. Additionally, it broadens the base of potential vendors for restaurants, which reduces the negotiating power of suppliers and favors the financial ending. An illustration of this is McDonald's, which has set up production in various countries and owns franchises globally. McDonald's investment and backing in projects to localize its product offerings and services help to maintain its international brand reputation. This surge in globalization is predicted to stimulate investments and thus propel the market forward.
How Are The Segments Defined Within The Global Restaurants And Mobile Food Services Market?
The restaurants and mobile food services market covered in this report is segmented –
1) By Type: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services
2) By Ownership: Chain Market, Standalone Market
3) By Pricing: High-End, Economy
4) By Service Type: Online Booking, Offline Booking
Subsegments:
1) By Full-Service Restaurants: Fine Dining, Casual Dining, Family Style, Theme Restaurants
2) By Limited-Service Restaurants: Fast Food, Fast Casual, Coffee Shops And Cafés, Quick Service Restaurants, Cafeterias
3) By Cafeterias: Workplace Cafeterias, Hospital Cafeterias
4) By Grill Buffets And Buffets: All-You-Can-Eat Buffets, Specialty Buffets
5) By Mobile Food Services: Food Trucks, Food Carts, Pop-Up Restaurants, Catering Services
Pre-Book The Restaurants And Mobile Food Services Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Expected To Influence The Growth Of The Restaurants And Mobile Food Services Market?
Entities within the restaurant and mobile food service domain greatly depend on endorsements and reviews. Consequently, restaurants are marketing themselves via social media channels. Apps such as GrubHub and JustEat enable users to post reviews, view the menu as well as nutritional content, and place orders or reserve dining slots. Social media bolsters customer allegiance and community image as patrons share images and reviews, thus enhancing the visibility of restaurants. For instance, restaurants are incorporating live streaming of restaurant footage to captivate their online audience and foster communication with them. Social media is predicted to play a crucial role in propelling the restaurant and mobile food services sector forward.
Who Are the Key Players in the Restaurants And Mobile Food Services Market?
Major companies operating in the restaurants and mobile food services market include:
• Darden Restaurants
• Yum China Holdings. Inc.
• McDonald's
• Chipotle
• Zensho Holdings Co Ltd
• Subway
• Chick-fil-A
• Bloomin' Brands
• Brinker International
• Qummy
• Bomra's
• Mimi Kakushi
• Orfali Bros Bistro
• GrowFood
• Live Menu
• Zuma
• PedidosYa
• iFood
• LPM Restaurant & Bar
• Wasabi by Morimoto
• Burger King
• MenuDino
• The Table
• Flair Rooftop
• Masque
• Gaia
• LanTing Restaurant
• Salon de Ville
• Bartello
• Il Borro Tuscan Bistro
• Broniboy
• Club Dominó
• Uber Eats
• The Handmade Cake Company Limited
• Cut by Wolfgang Puck
• Just Eat
• YICAFE at Pudong Shangri-La
• KFC
• Deliveroo
• La Vita è Bella
• Reif Kushiyaki
• Performance Food
• Catery
• Cracker Barrel Old Country Store
• 3 Fils
• Shanghai Haidilao Hot Pot
• Pizza Express
• Iiko
• Jin Xuan Chinese Restaurant
• Welldone
• Restaurant Brands International Inc.
• Amazonico
What Is The Most Dominant Region In The Restaurants And Mobile Food Services Market?
Asia-Pacific was the largest region in the restaurants and mobile food services market in 2024. North America was the second largest region in the restaurants and mobile food services market. The regions covered in the restaurants and mobile food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
