The Community Food Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Community Food Services Global Market Report 2024, 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, and 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.
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.
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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
The community food services market report table of contents includes:
1. Executive Summary
2. Community Food Services Market Characteristics
3. Community Food Services Market Trends And Strategies
4. Community Food Services Market – Macro Economic Scenario
5. Global Community Food Services Market Size and Growth
………..
31. Global Community Food Services Market Competitive Benchmarking
32. Global Community Food Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Community Food Services Market
34. Community Food Services Market Future Outlook and Potential Analysis
35. Appendix
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