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Foodservice

The global foodservice market is expected to witness a modest growth on account of the demand for fresh, quality, and healthy ingredients in the food served. Consumers are looking for customized food menu options and this has resulted in the serving of nutritious and healthy meals at restaurants and cafés. Vendors in the foodservice market are coming up with packaging innovations for takeaways and home deliveries. Compostable and biodegradable are the two type of packaging, which are trending. Corrugated packaging however, is the most preferred form of packaging on account of their thermal properties and protection against spills. Asia Pacific is projected to continue its dominant position in the foodservice market. An overall improvement in the economy and an increase in the number of visits to bars, cafés, and restaurants are behind the growth of the market in the region. Key players in the market are Aramark, Yum! Brands, Domino's, Guest Services, Compass Group North America, McDonald's, Sodexo, Restaurant Brands International, and Starbucks.