Performance of the foodservice system segments in the global foodservice market

The global foodservice market is expected to grow at a CAGR of 4.80% during the forecast period. Based on the foodservice system the global foodservice market has been segmented into conventional, centralized, ready-prepared, and assembly-serve.

The conventional foodservice system is a traditional foodservice system that is used by most vendors. In a conventional foodservice system, the ingredients are assembled, prepared, and served on the same premises. The use of the conventional foodservice system ensures customers that the food is freshly prepared and customized to their liking. Depending on the nature of food, it is maintained in a heated or chilled state and served to customers. The food is held for a short duration before it is served to customers.

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This foodservice system is used primarily in schools, universities, restaurants, and cafeterias. Food that is prepared using the conventional system may be distributed for service directly to dining rooms or lunch counters. The system offers consumers freshly prepared food and flexible menu options. These advantages are likely to drive the growth of the conventional segment of the global foodservice market during the forecast period.