Latest News- Foodservice Market in Europe: Commercial is expected to lead the Sector segment during 2025-2029

The Foodservice Market in Europe is being driven by Increased snacking and indulgence consumption

The Foodservice Market in Europe is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 247.6 billion. The European foodservice market is experiencing a significant trend towards the increasing popularity of ethnic cuisines, particularly those featuring spicy flavors. This phenomenon is primarily attributed to the influx of immigrants into Europe, which reached approximately 2-2.5 million in 2021, representing a nearly 15-20% increase from the previous year. Among these new arrivals, 45-50% were of Asian descent and 22% were of African descent, introducing a diverse range of spicy culinary traditions to the European population. The market's response has been positive, reflecting European consumers' growing appetite for adventurous and exotic flavors. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Sector
  • Commercial
  • Non-commercial
• Service
  • Conventional
  • Centralized
  • Ready-prepared
  • Assembly-serve
• Food Service Type
  • Cafes&Bars
  • CloudKitchen
  • FullServiceRestaurants
  • QuickServiceRestaurants
• Outlet
  • ChainedOutlets
  • IndependentOutlets
• Location
  • Leisure
  • Lodging
  • Retail
  • Standalone
  • Travel
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased snacking and indulgence consumption
• Increasing expansion of franchise of food brands
• Changing lifestyles of consumers

However, the market also witnesses some limitations, which are as follows:

• Labor shortages in foodservice sector
• Stringent government regulations in foodservice sector
• Growing preference for home-cooked food

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Market Scope in Foodservice Market in Europe Research Report

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Research Analysis Overview

The European food service market encompasses various segments including Cafes, Bars, Cloud Kitchens, Full Service Restaurants, Quick Service Restaurants, Chained Outlets, Independent Outlets, Leisure, Lodging, Standalone, and Food outlets. This market comprises Food trucks and the Food truck industry, Fast-food restaurants, Restaurant owners, and Food chain operators. It also includes Catering services, Mobile applications, and Sustainable practices. The European culinary heritage is a significant draw for tourists and locals alike, with Fine Dining establishments and Full-Service Restaurants offering exquisite dining experiences. Mobile food services, such as Cloud Kitchens and Food trucks, provide convenience and affordability, while Catering services cater to various events and occasions. The use of technology, including mobile applications, is transforming the food service industry in Europe. Sustainable practices are increasingly important to consumers and operators, driving the adoption of eco-friendly initiatives.

Market Research Overview

The European foodservice market encompasses various segments, including cafes, bars, cloud kitchens, full service restaurants, quick service restaurants, chained outlets, independent outlets, leisure, lodging, standalone, travel, tourism, and the immigrant population. According to Technavio, the European foodservice market is driven by the expansion of the travel and tourism industry, which is experiencing steady growth. Millions of tourists from both emerging and developed economies are traveling to Europe each year, fueling demand for foodservice establishments. Additionally, the emergence of food tech start-ups and the growing popularity of cloud kitchens and delivery services are contributing to market growth. The parent market of global hotels, resorts, and cruise lines, which includes casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants, is also experiencing growth due to the increasing travel and tourism industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/