Food Service Market to Depict a CAGR of 7.13% from 2025 to 2032; Rising Fast Food Consumption and Expanding Regional Cuisine Demand Bolsters Market Growth

The global food service market size was valued at USD 3,738.84 billion in 2024. The market is projected to grow from USD 3,982.24 billion in 2025 to USD 6,450.30 billion by 2032, exhibiting a CAGR of 7.13% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Food Service Market Size, Share & Industry Analysis, By Type (Full Service Restaurants, Quick Service Restaurants, Institutes, and Others), By Restaurant Type (Chained and Independent), By Service Type (Dine-In, Takeaway, and Delivery), and Regional Forecast, 2025-2032”

Food service establishments prepare and sell food for takeout, on-premise consumption, and delivery. This sector includes food service retailers as well as counter and table service providers. The market is witnessing rapid expansion in global fast food consumption, fueled by increasing household incomes, the rising female working population, and the convenience of available food options. Additionally, a surge in opportunities for international food exporters to enter the HRI sector with rise in demand for various regional ethnic cuisines is anticipated to foster food service market growth.

Starbucks India Sets Pace to set up 1,000 Stores by 2028 to consolidate its Industry Standing

In April 2025, Starbucks India shared plans to double down its footprint by expanding its stores, intending to reach 1,000 stores by 2028. The company would continue with its strategy, emphasizing localized menus, Arabica coffee, store counts, and store formats and is keen to strengthen its foothold in the Indian market.

Rising Expenditure on Out-of-Home Food Consumption to Impel Market Growth

Shifts in consumer behavior,  evolving lifestyles, and rising incomes in developing countries are key drivers influencing the growing dining out trend. Additionally, the surging number of working women contributes to families opting for restaurant visits or ordering coffee and snacks from food service businesses. With fast food gaining popularity among younger consumers, many international quick-service and hospitality brands are expanding their efforts to reach new markets, fueling industry expansion. Furthermore, as the demand for regional and ethnic foods rises, opportunities for foreign food exporters in the HRI sector continue to depict an upward trajectory.

However, issues such as reduced food quality during delivery, nutrient loss over long distances, and unappealing plastic packaging could hamper the market expansion.

Key Players Deploy Franchising, Digital innovation, and Sustainability Efforts to Gain Foot

The global food service market is diverse and highly competitive, with a mix of both large international chains and small local businesses. Dominant industry players comprise Restaurant Brands International, McDonald’s, Domino’s Pizza Yum! Brands, Inc., and Darden Restaurants, Inc. Significant leaders are prioritizing franchising, digital delivery, sustainability, and innovative menu offerings to secure their market positions. 

List of Key Players Profiled in the Report

• McDonald’s Corporation (U.S.)
• Starbucks Corporation (U.S.)
• Restaurant Brands International Inc. (Canada)
• Costa Limited (U.K.)
• Tim Hortons (Canada)
• Dominos Pizza Inc. (U.S.)
• KFC Corporation (U.S.)
• Supermac’s (Ireland)
• Jollibee (Philippines)
• Baskin-Robbins (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/food-service-market-106277

Key Industry Development

• July 2025 – McDonald’s India (West & South) joined the rising protein trend with the launch of its latest ‘Protein Plus Range’ with a plant-based ‘Protein Slice’ being central to this offering. The slice can be added to any burger to offer an extra 5 grams of protein. This product is offered throughout McDonald’s outlets in South and West India.

Further Report Findings

• Asia Pacific holds the largest food service market share with a value of USD 1,593.84 billion in 2024. This growth is primarily driven by China, India, Japan, and South Korea, which lead the region in consumption due to their high population densities, frequent dining-out habits, and lively street food cultures.
• North America is primarily influenced by the U.S., with the market set to reach USD 1,784.87 billion by 2032, driven by the popularity of fast-food consumption and the dominance of QSR. In this region, the U.S. is the largest market for food service and hosts the major food chains globally.

Table of Segmentation