The community food services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Community Food Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The community food services market size has grown strongly in recent years. It will grow from $372.56 billion in 2023 to $394.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to food insecurity, donor support, hunger relief initiatives, government assistance.
The community food services market size is expected to see strong growth in the next few years. It will grow to $489.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to economic disparities, nutrition and health education, digital engagement and donor platforms, mobile food services. Major trends in the forecast period include gleaning and food recovery, community gardens and urban agriculture, youth and adolescent nutrition, sustainable food sourcing, technology for food access.
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Scope Of Community Food Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Community Food Services Market Overview
Market Drivers –
The increasing crowdfunding is projected to boost the demand for the community food services market. Crowdfunding is a method of raising capital from individual investors, customers, and the general public through crowdfunding and social media platforms. For instance, JustGiving, a UK-based online fund-raising platform raised about $7,705.8 to provide emergency food for vulnerable, elderly, and low-income people during the COVID-19 crisis. This has led to a greater supply for the industry’s food aid and social services, enabling industry organizations to meet the demand for food services. Thus, the growth in crowdfunding is expected to act as a major driver for the growth of the community food services market.
The community food services market covered in this report is segmented –
1) By Products and Services: Soup Kitchen and On-site Meal Provision, Food Pantry Services, Food Collection And Distribution Services, Other Services
2) By System: Conventional Foodservice System, Centralized Foodservice System, Ready Prepared Foodservice System, Assembly-Serve Foodservice System
3) By Sector: Commercial, Non-commercial
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Regional Insights –
Western Europe was the largest region in the community food services market in 2023. Asia-Pacific was the second-largest region in the community food services market. The regions covered in the community food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the community food services market include Feeding America, City Harvest, Equal Heart, Volunteers Of American Co., A.D. Food Service, Gratzi Catering, CRS Employment Services, Feedmore Western New York, GIICA LLC, Chata Technologies Inc., Second Harvest Food Bank Of Greater New Orleans & Acadiana, Good Shepherd Food Bank, Good Fortune Restaurant, The Meals on Wheels Association of America, Meals on Wheels Ministry, The Dohmen Company Foundation, The Salvation Army International Trust, United Nations International Children’s Emergency Fund, Sanctuary Management Ltd., World Food Programme, Food Finders Food Bank, Common Ground, The Meals on Wheels Association of America, CRS Employment Services, A.D. Food Service, Feedmore Western New York
Table of Contents
1. Executive Summary
2. Community Food Services Market Report Structure
3. Community Food Services Market Trends And Strategies
4. Community Food Services Market – Macro Economic Scenario
5. Community Food Services Market Size And Growth
…..
27. Community Food Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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