South Korea Foodservice Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 110.11 Billion |
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Market Size (2029) | USD 254.17 Billion |
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Largest Share by Foodservice Type | Full Service Restaurants |
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CAGR (2024 - 2029) | 18.21 % |
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Fastest Growing by Foodservice Type | Cloud Kitchen |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South Korea Foodservice Market Analysis
The South Korea Foodservice Market size is estimated at 110.11 billion USD in 2024, and is expected to reach 254.17 billion USD by 2029, growing at a CAGR of 18.21% during the forecast period (2024-2029).
110.11 Billion
Market Size in 2024 (USD)
254.17 Billion
Market Size in 2029 (USD)
4.44 %
CAGR (2017-2023)
18.21 %
CAGR (2024-2029)
Largest Segment by Foodservice Type
62.96 %
value share, Full Service Restaurants, 2023
With more than 42% of the population eating traditional Asian food like Korean and Thai, Asian cuisine covers the largest share of the FSR segment.
Largest Segment by Outlet Type
73.04 %
value share, Independent Outlets, 2023
Full service restaurants dominate the segment, with Latin American cuisines growing the fastest due to the popularity of dishes made famous by the Korean diaspora in Mexico.
Fastest-growing segment by Foodservice Type
35.63 %
Projected CAGR, Cloud Kitchen, 2024-2029
In 2021, almost 31.5% of households in South Korea placed their meal orders online regularly, and the expansion of food delivery services promotes the growth of this segment.
Fastest-growing segment by Outlet Type
19.01 %
Projected CAGR, Chained Outlets, 2024-2029
Quick service restaurants dominate the segment, which is majorly boosted by the expansive network of international franchise outlets of KFC, Lotteria, and Isaac Toast.
Leading Market Player
2.33 %
market share, Starbucks Corporation, 2022
Since entering the market in 1999, the company has more than 284 coffee chains and gets most of its sales from its broad range of coffee-based beverages.
High demand for traditional cuisines and increased spending on dining increase the sales
- Full service restaurants accounted for the largest share of the South Korean foodservice market in 2022. Asian and North American cuisines together accounted for over a 50% market share. The demand for these cuisines is attributed to the increased preference of consumers for authentic regional cuisines like kimchi and Bulgogi, along with Japanese cuisines like Sushi and Tempura. While traditional Korean foods remain popular, dietary trends are shifting in favor of new and international preferences. Thus, restaurants are introducing more vegan, low-sugar, and gluten-free options to classic Korean cuisine, contributing to the segment's rise.
- Cafes & bars are projected to record a CAGR of 15.58% by value during the forecast period in the market, supported by the rising consumption of tea and coffee in the country. Coffee consumption in South Korea accounted for about 6% of the Asia-Pacific coffee market. In 2021, South Korea consumed almost 2.5 million 60-kg bags of coffee. Its consumption has steadily increased in recent years, and it is one of the most popular drinks among Koreans. On average, Koreans consumed 12.3 cups of coffee per week, amounting to a total annual consumption of 2.3 kilograms in 2022. Ediya Co and Starbucks are among the major coffee shops in the country, with 2,200 and 1,140 outlets, respectively.
- However, the cloud kitchen segment is the fastest-growing in the South Korean foodservice market and is anticipated to register a value CAGR of 35.13% during the forecast period. The growth is expected to be boosted by the rising online food deliveries through smartphone applications. As of January 2022, there were around 46.81 million internet users in South Korea. The number of internet users increased by 543 thousand between 2021 and 2022.
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South Korea Foodservice Market Trends
Full service restaurants dominate the South Korean foodservice market, with increased demand for local and international cuisines
- Foodservice outlets in South Korea are dominated by full service restaurants, followed by cafes & bars and quick service restaurants. FSR outlets in the country are expected to record a CAGR of 4.48% during the study period. This is associated with more FSR businesses focusing on providing an adequate dine-in experience for customers, especially since people are seeking a better experience post the COVID-19 pandemic. The offering of a diverse menu by full service chains enhances the value of the on-premise dining experience. The demand for local dishes like Kimchi, Bibimbap, Bulgogi, Korean Stew, Jajangmyeon, Bibim Nengmyung, and other international cuisines has increased over recent years.
- Cloud kitchens are anticipated to grow the fastest, with the number of outlets projected to record a CAGR of 9.37% during the forecast period. The segment is expanding as a result of technological advances, which offer cloud kitchens several advantages over traditional kitchens, such as larger profit margins and greater flexibility in managing the outlet from anywhere. The increased integration of point-of-sale (POS), kitchen display systems (KDS), and inventory management technology to speed up various kitchen activities, improve communication, and avoid order-taking delays is propelling market expansion. In the cafes & bars segment, around 90% of the outlets were cafes and bars and pubs in 2022, with cafes accounting for 67% of the outlets alone. Cafes are increasing due to increased demand for take-out since social distancing measures were imposed during the pandemic. Popular chains, including Ediya Coffee, Mega Coffee, Compose Coffee, Paik's Coffee, and The Venti, have 3,000, 2,000, 1,720, 1,100, and 1,000 outlets, respectively, in the country.
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Average order value is highest in full service restaurants in South Korea, driven by Asian and North American cuisines
- In South Korea, the average order value was observed to be the highest among the FSR segment in 2022 compared to other foodservice outlet types, amounting to USD 21.4. The FSR segment in the country is dominated by Asian and North American cuisines, which held shares of 34.73% and 15.33%, respectively, in 2022. The demand for FSR is expected to increase due to the increase in tourists' preference for exploring the local cuisine of the country. Popular dishes offered by the FSR outlets are Kimchi, Bulgogi, and Kalbi, which are priced at USD 10.5, USD 8, and USD 10 per 300 gms, respectively.
- The demand for QSR is also expected to increase due to changes in consumer behavior, people's busy schedules, and growing e-commerce channel penetration. QSR chains in the country are introducing menu items tailored to local preferences, such as bulgogi burgers and kimchi pizza, to increase sales. The expansion of international chains like McDonald's, Lotteria, KFC, and Burger King in the country is influencing more young consumers, inclined toward Western preferences, to visit the outlets. Thus, the number of QSR outlets in South Korea rose by 11.78% from 2017 to 2022. Popular cuisines served in the QSR segment are burgers and pizza, priced at an average of USD 7.6 and USD 5 per 300 gm, respectively.
- The average number of orders through cafes and bars in South Korea increased by around 19.36% between 2019 and 2022. This is attributed to increased coffee consumption. South Koreans consume 367 cups of coffee annually, ranking second in the world. In South Korea, there are 1,384 coffee shops for every million residents. In 2022, around 70% of South Korean adults drank more than one cup of coffee daily. Popular servings at cafes and bars include coffee, which costs around USD 3.6 per 150 ml, and tea, which costs roughly USD 3.75 per 150 ml.
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South Korea Foodservice Industry Overview
The South Korea Foodservice Market is fragmented, with the top five companies occupying 4.97%. The major players in this market are CJ Foodville Corporation, Genesis Co. Ltd, Kyochon Food&Beverage Co. Ltd, McDonald's Corporation and Starbucks Corporation (sorted alphabetically).
South Korea Foodservice Market Leaders
CJ Foodville Corporation
Genesis Co. Ltd
Kyochon Food&Beverage Co. Ltd
McDonald's Corporation
Starbucks Corporation
Other important companies include CJ Foodville Corporation, Doctor's Associate Inc., Domino's Pizza Inc., Inspire Brands Inc., Isac Co. Ltd, Mom's Touch & Co., MP DAESAN Inc., Restaurant Brands International Inc., Royal T Group Pte Ltd., Seven & I Holdings Co., Ltd., Shinsegae Food Co. Ltd, Yum! Brands Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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South Korea Foodservice Market News
- April 2023: Shinsegae Food introduced a 100% plant-based burger called Better Burger. Instead of using animal products like milk and eggs, the burger uses substitute meat, cheese, and buns created from plant-based proteins like soybeans and cashew nuts.
- March 2023: Yum! Brands Inc. teamed up with a Korean private equity fund to acquire KFC Korea Co.
- February 2023: McDonald's Korea collaborated with NewJeans and introduced a special crispy chicken sandwich meal.
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We provide a complimentary and exhaustive set of data points on regional and country level metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various countries on number of outlets, average order values, and menu analysis by foodservice channels, cuisine specific insights related to full service restaurants and quick service restaurants, market trends and market size insights on cafes, bars & pubs, juice/smoothies bars, specialty tea and coffee shops, and cloud kitchen etc.
South Korea Foodservice Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Number Of Outlets
- 4.2 Average Order Value
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4.3 Regulatory Framework
- 4.3.1 South Korea
- 4.4 Menu Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Foodservice Type
- 5.1.1 Cafes & Bars
- 5.1.1.1 By Cuisine
- 5.1.1.1.1 Bars & Pubs
- 5.1.1.1.2 Cafes
- 5.1.1.1.3 Juice/Smoothie/Desserts Bars
- 5.1.1.1.4 Specialist Coffee & Tea Shops
- 5.1.2 Cloud Kitchen
- 5.1.3 Full Service Restaurants
- 5.1.3.1 By Cuisine
- 5.1.3.1.1 Asian
- 5.1.3.1.2 European
- 5.1.3.1.3 Latin American
- 5.1.3.1.4 Middle Eastern
- 5.1.3.1.5 North American
- 5.1.3.1.6 Other FSR Cuisines
- 5.1.4 Quick Service Restaurants
- 5.1.4.1 By Cuisine
- 5.1.4.1.1 Bakeries
- 5.1.4.1.2 Burger
- 5.1.4.1.3 Ice Cream
- 5.1.4.1.4 Meat-based Cuisines
- 5.1.4.1.5 Pizza
- 5.1.4.1.6 Other QSR Cuisines
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5.2 Outlet
- 5.2.1 Chained Outlets
- 5.2.2 Independent Outlets
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5.3 Location
- 5.3.1 Leisure
- 5.3.2 Lodging
- 5.3.3 Retail
- 5.3.4 Standalone
- 5.3.5 Travel
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 CJ Foodville Corporation
- 6.4.2 CJ Foodville Corporation
- 6.4.3 Doctor's Associate Inc.
- 6.4.4 Domino's Pizza Inc.
- 6.4.5 Genesis Co. Ltd
- 6.4.6 Inspire Brands Inc.
- 6.4.7 Isac Co. Ltd
- 6.4.8 Kyochon Food&Beverage Co. Ltd
- 6.4.9 McDonald's Corporation
- 6.4.10 Mom's Touch & Co.
- 6.4.11 MP DAESAN Inc.
- 6.4.12 Restaurant Brands International Inc.
- 6.4.13 Royal T Group Pte Ltd.
- 6.4.14 Seven & I Holdings Co., Ltd.
- 6.4.15 Shinsegae Food Co. Ltd
- 6.4.16 Starbucks Corporation
- 6.4.17 Yum! Brands Inc.
7. KEY STRATEGIC QUESTIONS FOR FOODSERVICE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- NUMBER OF OUTLET UNITS BY FOODSERVICE CHANNELS, SOUTH KOREA, 2017 - 2029
- Figure 2:
- AVERAGE ORDER VALUE BY FOODSERVICE CHANNELS, USD, SOUTH KOREA, 2017 VS 2022 VS 2029
- Figure 3:
- SOUTH KOREA FOODSERVICE MARKET, VALUE, USD, 2017 - 2029
- Figure 4:
- VALUE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, USD, SOUTH KOREA, 2017 - 2029
- Figure 5:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY FOODSERVICE TYPE, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 6:
- VALUE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, USD, SOUTH KOREA, 2017 - 2029
- Figure 7:
- VALUE SHARE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE OF FOODSERVICE MARKET VIA BARS & PUBS, USD, SOUTH KOREA, 2017 - 2029
- Figure 9:
- VALUE SHARE OF BARS & PUBS FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 10:
- VALUE OF FOODSERVICE MARKET VIA CAFES, USD, SOUTH KOREA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CAFES FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 12:
- VALUE OF FOODSERVICE MARKET VIA JUICE/SMOOTHIE/DESSERTS BARS, USD, SOUTH KOREA, 2017 - 2029
- Figure 13:
- VALUE SHARE OF JUICE/SMOOTHIE/DESSERTS BARS FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 14:
- VALUE OF FOODSERVICE MARKET VIA SPECIALIST COFFEE & TEA SHOPS, USD, SOUTH KOREA, 2017 - 2029
- Figure 15:
- VALUE SHARE OF SPECIALIST COFFEE & TEA SHOPS FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 16:
- VALUE OF CLOUD KITCHEN FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF CLOUD KITCHEN FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 18:
- VALUE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, SOUTH KOREA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 20:
- VALUE OF ASIAN FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF ASIAN FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 22:
- VALUE OF EUROPEAN FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF EUROPEAN FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 24:
- VALUE OF LATIN AMERICAN FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF LATIN AMERICAN FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 26:
- VALUE OF MIDDLE EASTERN FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF MIDDLE EASTERN FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 28:
- VALUE OF NORTH AMERICAN FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF NORTH AMERICAN FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 30:
- VALUE OF OTHER FSR CUISINES MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF OTHER FSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 32:
- VALUE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, SOUTH KOREA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 34:
- VALUE OF BAKERIES FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF BAKERIES FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 36:
- VALUE OF BURGER FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF BURGER FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 38:
- VALUE OF ICE CREAM FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF ICE CREAM FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 40:
- VALUE OF MEAT-BASED CUISINES FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF MEAT-BASED CUISINES FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 42:
- VALUE OF PIZZA FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF PIZZA FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 44:
- VALUE OF OTHER QSR CUISINES FOODSERVICE MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF OTHER QSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, SOUTH KOREA, 2022 VS 2029
- Figure 46:
- VALUE OF FOODSERVICE MARKET BY OUTLET, USD, SOUTH KOREA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY OUTLET, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 48:
- VALUE OF FOODSERVICE MARKET VIA CHAINED OUTLETS, USD, SOUTH KOREA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF CHAINED OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 50:
- VALUE OF FOODSERVICE MARKET VIA INDEPENDENT OUTLETS, USD, SOUTH KOREA, 2017 - 2029
- Figure 51:
- VALUE SHARE OF INDEPENDENT OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 52:
- VALUE OF FOODSERVICE MARKET BY LOCATION, USD, SOUTH KOREA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY LOCATION, SOUTH KOREA, 2017 VS 2023 VS 2029
- Figure 54:
- VALUE OF FOODSERVICE MARKET VIA LEISURE LOCATION, USD, SOUTH KOREA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF LEISURE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 56:
- VALUE OF FOODSERVICE MARKET VIA LODGING LOCATION, USD, SOUTH KOREA, 2017 - 2029
- Figure 57:
- VALUE SHARE OF LODGING FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 58:
- VALUE OF FOODSERVICE MARKET VIA RETAIL LOCATION, USD, SOUTH KOREA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF RETAIL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 60:
- VALUE OF FOODSERVICE MARKET VIA STANDALONE LOCATION, USD, SOUTH KOREA, 2017 - 2029
- Figure 61:
- VALUE SHARE OF STANDALONE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 62:
- VALUE OF FOODSERVICE MARKET VIA TRAVEL LOCATION, USD, SOUTH KOREA, 2017 - 2029
- Figure 63:
- VALUE SHARE OF TRAVEL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, SOUTH KOREA, 2022 VS 2029
- Figure 64:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH KOREA, 2019 - 2023
- Figure 65:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH KOREA, 2019 - 2023
- Figure 66:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH KOREA, 2022
South Korea Foodservice Industry Segmentation
Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.
- Full service restaurants accounted for the largest share of the South Korean foodservice market in 2022. Asian and North American cuisines together accounted for over a 50% market share. The demand for these cuisines is attributed to the increased preference of consumers for authentic regional cuisines like kimchi and Bulgogi, along with Japanese cuisines like Sushi and Tempura. While traditional Korean foods remain popular, dietary trends are shifting in favor of new and international preferences. Thus, restaurants are introducing more vegan, low-sugar, and gluten-free options to classic Korean cuisine, contributing to the segment's rise.
- Cafes & bars are projected to record a CAGR of 15.58% by value during the forecast period in the market, supported by the rising consumption of tea and coffee in the country. Coffee consumption in South Korea accounted for about 6% of the Asia-Pacific coffee market. In 2021, South Korea consumed almost 2.5 million 60-kg bags of coffee. Its consumption has steadily increased in recent years, and it is one of the most popular drinks among Koreans. On average, Koreans consumed 12.3 cups of coffee per week, amounting to a total annual consumption of 2.3 kilograms in 2022. Ediya Co and Starbucks are among the major coffee shops in the country, with 2,200 and 1,140 outlets, respectively.
- However, the cloud kitchen segment is the fastest-growing in the South Korean foodservice market and is anticipated to register a value CAGR of 35.13% during the forecast period. The growth is expected to be boosted by the rising online food deliveries through smartphone applications. As of January 2022, there were around 46.81 million internet users in South Korea. The number of internet users increased by 543 thousand between 2021 and 2022.
| Foodservice Type | Cafes & Bars | By Cuisine | Bars & Pubs |
| Cafes | |||
| Juice/Smoothie/Desserts Bars | |||
| Specialist Coffee & Tea Shops | |||
| Foodservice Type | Cloud Kitchen | ||
| Full Service Restaurants | By Cuisine | Asian | |
| European | |||
| Latin American | |||
| Middle Eastern | |||
| North American | |||
| Other FSR Cuisines | |||
| Quick Service Restaurants | By Cuisine | Bakeries | |
| Burger | |||
| Ice Cream | |||
| Meat-based Cuisines | |||
| Pizza | |||
| Other QSR Cuisines | |||
| Outlet | Chained Outlets | ||
| Independent Outlets | |||
| Location | Leisure | ||
| Lodging | |||
| Retail | |||
| Standalone | |||
| Travel |
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Market Definition
- FULL-SERVICE RESTAURANTS - A foodservice establishment where customers are seated at a table, give their order to a server and are served food at a table.
- QUICK SERVICE RESTAURANTS - A foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables.
- CAFES & BARS - A type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars.
- CLOUD KITCHEN - A foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers.
| Keyword | Definition |
|---|---|
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark. |
| Asian cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Chinese, Indian, Korean, Japanese, Bengali, Southeast Asian, etc. |
| Average Order Value | It is the average value of all orders made by the customers at a foodservice establishment. |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig. |
| Bars & Pubs | It is a drinking establishment that is licensed to serve alcoholic drinks for consumption on the premises. |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| BRC | British Retail Consortium |
| Burger | It is a sandwich consisting of one or more cooked beef patties, placed inside a sliced bread roll or bun roll. |
| Café | It is a foodservice establishment serving various refreshments (mainly coffee) and light meals. |
| Cafes & Bars | It is a type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars. |
| Cappuccino | It is an Italian coffee drink that is traditionally prepared with equal parts double espresso, steamed milk, and steamed milk foam. |
| CFIA | Canadian Food Inspection Agency |
| Chained Outlet | It refers to a foodservice establishment that shares brands, operates in several locations, has central management, and standardized business practices. |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Cloud Kitchen | It is a foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers. |
| Cocktail | It is an alcoholic mixed drink made with either a single spirit or a combination of spirits, mixed with other ingredients such as juices, flavored syrups, tonic water, shrubs, and bitters. |
| Edamame | It is a Japanese dish prepared with soybeans (harvested before they ripen or harden) and cooked in its pod. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Espresso | It is a concentrated form of coffee, served in shots. |
| European cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Italian, French, German, English, Dutch, Danish, etc. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Full service restaurant | It refers to a foodservice establishment where customers are seated at a table, give their order to a server, and are served food at a table. |
| Ghost Kitchen | It refers to a cloud kitchen. |
| GLA | Gross Leasable Area |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grain-fed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Independent Outlet | It refers to a foodservice establishment that operates with a single outlet or is structured as a small chain with no more than three locations. |
| Juice | It is a drink made from the extraction or pressing of the natural liquid contained in fruit and vegetables. |
| Latin American | It includes full-service offerings in restaurants that serve cuisines from cultures such as Mexican, Brazilian, Argentinian, Colombian, etc. |
| Latte | It is a milk-based coffee that is made up of one or two shots of espresso, steamed milk, and a thin layer of frothed milk. |
| Leisure | It refers to foodservice offered as a part of a recreation business, such as sports arenas, zoos, movie theaters, and museums. |
| Lodging | It refers to foodservice offerings at hotels, motels, guesthouses, holiday homes, etc. |
| Macchiato | It is an espresso coffee drink with a small amount of milk, usually foamed. |
| Meat-based cuisines | This inlcudes food items like fried chicken, steak, ribs, etc. where meat is the primary ingredient for the dish. |
| Middle Eastern cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Arabic, Lebanese, Iranian, Israeli, etc. |
| Mocktail | It is an non-alcoholic mixed drink. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| North American | It includes full-service offerings in restaurants that serve cuisines from cultures such as American, Canadian, Caribbean, etc. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| PDO | Protected Designation of Origin: It is the name of a geographical region or specific area that is recognized by official rules to produce certain foods with special characteristics related to location. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Pizza | It is a dish made typically of flattened bread dough spread with a savory mixture usually including tomatoes and cheese and often other toppings and baked. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quick service restaurant | It refers to a foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables. |
| Retail | It refers to a foodservice outlet inside a mall. shopping complex or a commercial real estate building, where there are other businesses operating as well. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kiosk | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Smoothie | It is a beverage made by placing all the ingredients in a container and processing them together, without removing the pulp. |
| Specialty coffee & tea shops | It refers to a foodservice establishment that serves only various types of tea or coffee. |
| Standalone | It refers to a restaurants that have an independent infrastructure setup and not connected to any other business. |
| Sushi | It is a Japanese dish of prepared vinegared rice, usually with some sugar and salt, accompanied by a variety of ingredients, such as seafood—often raw—and vegetables. |
| Travel | It refers to foodservice offerings such as airplane food, dining on long-distance trains, and foodservice on cruise ships. |
| Virtual Kitchen | It refers to a cloud kitchen. |
| Wagyu Beef | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for the market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market size estimations for the forecast years are in nominal terms. Inflation is considered for average order value, and it is forecasted as per predicted inflation rates in the countries.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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