Markets serviced by sector / industry

• Office
• Education
• Retail
• Manufacturing
• Government
• Real Estate
• Industrial 
• SME
• Other

Market-Leading Companies - Present Market Analysis

• Compass Group - Leader  (USD$31B, 5.5%)
• Sodexo - Competitor (USD$23B, 4.0%)
• Aramark - Leader (USD$19B, 3.3%)

Other Regional Large Players

• Baxter Storey
• Forenede
• Elior
• KSG Catering (Ireland only)
• Best Vendors
• Fooda
• ezCater

In 2023, the global food market size was 564 billion U.S. dollars and is projected to grow exhibiting a CAGR of 7-8 % during the period to 2026.

Global Food Highlights and Outlook- 2023 to 2025

• Plant-based food options are one of the highest-ranked items in the Food industry followed by meat alternatives
• The average volume per person in the Food market is expected to amount to 412kg in 2024
• Western European countries and countries such as Singapore, the UAE, and Hong Kong are now considered high-maturity markets
• Effects from the Cov-19 pandemic are now stabilised but Food hygiene remains high

     Source: Beroe 2024

Rising Service Costs Across All Markets

• The rising cost of labour  and shortage of labour across all markets
• Supply chain increases - equipment & supply costs
• Supply chain costs remain high for all food options

Market Trends

• Adaptable service models based on occupancy levels
• Healthy food options on the rise
• Touchless and Sensor technology to increase Vending options
• Plant-based options
• Meat alternatives are on the rise, especially in SEA
• Sustainable packaging is a mainstay in all food operations especially fast food outlets and grocery shopping

FS-003 Ver 2.2 (May 24)

Food Services

Global Market Analysis

Market Intelligence  

Category Spend & Industry information

Key Players

Segments Serviced In CBRE

Market Factors

Data Source-Beroe- Effective May 2024

Data Source-Beroe- Effective May 2024