PUBLISHER: The Business Research Company | PRODUCT CODE: 1680377
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680377
A restaurant is a venue where individuals can purchase and consume food and beverages. Mobile food services, on the other hand, represent a category of food service that involves either preparing meals within a vehicle or delivering them from a mobile unit.
Various types of restaurants and mobile food services include full-service restaurants, limited-service restaurants, cafeterias, grill buffets, buffets, and mobile food services. A cafeteria is a self-service restaurant where patrons choose their meals from a counter and settle the payment before taking the food to their table. Typically found in public facilities such as hospitals and retail establishments, cafeterias are owned by either chained or standalone entities. These services cater to a diverse price range, spanning from high-end to economy, and are accessible through both online and offline channels.
The restaurants and mobile food services market research report is one of a series of new reports from The Business Research Company that provides restaurants and mobile food services market statistics, including restaurant and mobile food services industry global market size, regional shares, competitors with a restaurant and mobile food services market share, detailed restaurant and mobile food services market segments, market trends and opportunities, and any further data you may need to thrive in the restaurants and mobile food services industry. This restaurants and mobile food services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The restaurants and mobile food services market size has grown strongly in recent years. It will grow from $3216.58 billion in 2024 to $3409.24 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the rising demand for fast foods, increased spending on dining out and the influence of digital media marketing and social media.
The restaurants and mobile food services market size is expected to see strong growth in the next few years. It will grow to $4285.96 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the increasing demand for online food delivery services, the rising population, the rising urbanization and the changing consumer preferences. Major trends in the forecast period include focus on autonomous delivery systems, quick-service restaurants (QSRS) robot-based restaurants, cloud-based technology, internet of things (IoT), sustainability and partnerships and acquisitions.
Globalization is anticipated to create opportunities for more joint ventures, foreign investments, global expansion, and multinational companies establishing facilities in high-growth regions. This trend enables restaurant operators to introduce their cuisines to customers worldwide. Globalization also simplifies access to exotic ingredients, allowing restaurants to offer a more diverse and sophisticated menu, thereby enhancing their ability to compete globally. Additionally, globalization has expanded the pool of potential vendors for restaurants, reducing supplier bargaining power and benefiting profit margins. For example, McDonald's operates in multiple countries, with franchises worldwide, and supports initiatives to adapt its products and services to suit local preferences, thereby strengthening its global brand. This increase in globalization is expected to encourage further investments, consequently driving market growth.
The growing number of restaurants is set to drive the expansion of the restaurants and mobile food services market. Restaurants are establishments providing prepared meals and beverages for dine-in, takeout, or delivery. These services are essential in offering convenient dining options, fostering social connections, and enhancing the dining experience for consumers. For instance, in October 2022, the Office for National Statistics, a UK-based statistical authority, reported 31,425 licensed restaurants in the UK, marking a 5.87% increase, or 29,680 additional establishments, from 2021. Thus, the rising number of restaurants is contributing to the growth of the restaurants and mobile food services market.
Establishments in the restaurant and mobile food service market heavily depend on recommendations and reviews, leading them to actively promote themselves through social media platforms. Mobile applications such as GrubHub and JustEat empower customers to review menus, access nutrition information, place orders, and make reservations. The use of social media enhances customer loyalty and public reputation, as patrons share photos and reviews, contributing to increased restaurant awareness. For instance, live streaming restaurant videos are adopted by some restaurants to engage online followers and foster interaction. Social media is anticipated to play a crucial role in driving the restaurant and mobile food services industry.
Major companies in the restaurants and mobile food services market are increasingly focusing on the implementation of conversational food AI platforms to optimize profitability. A conversational food AI platform leverages artificial intelligence, natural language processing, and machine learning to facilitate interactive conversations with users on various food-related aspects such as cooking, nutrition, recipes, and dining. In October 2023, Vistry, a US-based restaurant automation solutions provider, launched LumoChat, a conversational AI platform tailored for assisting customers in online food ordering across multiple channels, including the web and mobile. LumoChat utilizes ChatGPT-such as technology to offer personalized customer experiences, streamline online orders, and features convenient checkout options such as auto-filled details and secure payment methods.
Major companies operating in the restaurants and mobile food services market include Darden Restaurants, Yum China Holdings, Inc., McDonald's, Chipotle, Zensho Holdings Co Ltd, Subway, Chick-fil-A, Bloomin' Brands, Brinker International, Qummy, Bomra's, Mimi Kakushi, Orfali Bros Bistro, GrowFood, Live Menu, Zuma, PedidosYa, iFood, LPM Restaurant & Bar, Wasabi by Morimoto, Burger King, MenuDino, The Table, Flair Rooftop, Masque, Gaia, LanTing Restaurant, Salon de Ville, Bartello, Il Borro Tuscan Bistro, Broniboy, Club Domino, Uber Eats, The Handmade Cake Company Limited, Cut by Wolfgang Puck, Just Eat, YICAFE at Pudong Shangri-La, KFC, Deliveroo, La Vita e Bella, Reif Kushiyaki, Performance Food, Catery, Cracker Barrel Old Country Store, 3 Fils, Shanghai Haidilao Hot Pot, Pizza Express, Iiko, Jin Xuan Chinese Restaurant, Welldone, Restaurant Brands International Inc., Amazonico
Asia-Pacific was the largest region in the restaurants and mobile food services market in 2024. North America was the second largest region in the restaurants and mobile food services market. The regions covered in the restaurants and mobile food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the restaurants and mobile food services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The restaurants and mobile food services market includes revenues earned by entities by offering food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating, and providing food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating. The market also includes revenues earned from preparing and/or serving a specialty snack (e.g., ice cream, frozen yogurt, cookies) and/or nonalcoholic beverages (e.g., coffee, juices, sodas) for consumption on or near the premises. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Restaurants And Mobile Food Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on restaurants and mobile food services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for restaurants and mobile food services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The restaurants and mobile food services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.