Food Service Market Projected to Reach USD 5,194.60 Billion by 2029 | At 10.76% CAGR During Forecast Period 2022-2029 Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) -- The global food service market size crossed USD 2,323.29 billion in 2021 . The market value is projected to rise from USD 2,540.05 billion in 2022 to USD 5,194.60 billion by 2029 at a CAGR of 10.76% during 2022-2029. Growth can be attributed to the rising disposable incomes of consumers, evolving lifestyles of consumers, particularly millennials, and the rising number of cafes, restaurants, and fast-food chains. Growing spending on non-homemade foods and a rise in online food deliveries will augment the market growth during the forecast period. Get a Sample PDF Brochure: https:||www.fortunebusinessinsights.com|enquiry|request-sample-pdf|food-service-market-106277 Companies Profiled in the Market Report McDonald''s (U.S.) Starbucks (U.S.) Yum! Brands, Inc. (U.S.) Darden Restaurants, Inc. (U.S.) Restaurant Brands International Inc. (Canada) The Wendy''s Company (U.S.) Bloomin'' Brands, Inc. (U.S.) Papa John''s International, Inc. (U.S.) Chipotle Mexican Grill, Inc. (U.S.) Domino''s (U.S.) COVID-19 Impact : Market Experienced 31.5% Decline due to Lockdowns and Travel Restrictions The food service market in North America, Europe, and Asia Pacific witnessed a major decline during the COVID-19 pandemic as hotels, restaurants, cafes, and fast-food joints were shut down.