The Business Research Company’s latest report Community Food Services Global Market Report 2020 covers community food services market drivers, community food services market trends, community food services market segments, community food services market growth rate, community food services market major players, and community food services market size. The report provides in-depth analysis of the impact of COVID-19 on the community food services industry, along with revised market numbers due to the effects of the coronavirus.
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Community Food Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global community food services market is expected to grow from $90.87 billion in 2019 to $95.37 billion in 2020 at a compound annual growth rate (CAGR) of 4.96%. Although the global food trade was impacted by the COVID-19 outbreak, the community food services market was resilient. The requirement for emergency food for vulnerable, elderly, and low-income people during the COVID-19 crisis has boosted the market growth. However, due to the restrictive containment measures involving social distancing and the closure of industries and the disruption of the food supply chain, the growth is considerably low. The market is then expected to recover and reach $124.63 billion in 2023 at a CAGR of 9.33%.
The report covers the community food services market’s segments-
1) By Products And Services: Soup Kitchen And On-Site Meal Provision, Food Pantry Services, Food Collection And Distribution Services, Other Services.
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