Food Service

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The Food Service market, often referred to as Food Away From Home (FAFH), comprises all businesses that prepare, serve, and sell food and beverages for immediate consumption. This expansive sector includes commercial establishments like Full-Service Restaurants (FSRs), Quick-Service Restaurants (QSRs), cafes, bars, catering services, and cloud/ghost kitchens, as well as institutional outlets (e.g., schools, hospitals). (2026-2033)

Global Food Service market size is projected to increase from approximately USD 3.12 trillion in 2026 to about USD 7.06 trillion by 2033. This translates to a strong Compound Annual Growth Rate (CAGR) of around 10.76% over the forecast period, reflecting high demand for convenience and out-of-home dining experiences globally.

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