The Germany food service market size was USD 87.80 billion in 2022. The market is projected to grow from USD 96.08 billion in 2023 to USD 183.55 billion by 2030, exhibiting a CAGR of 9.69% during the forecast period. Fortune Business Insights™ shares this information in its report titled “Germany Food Service Market, 2023-2030.”

Germany is one of the largest countries in the food service market to has the wealthiest food & beverage consumers. In Germany, full-service and quick-service restaurants have the largest market shares in 2021. Key market trends in the German industry include changing health and wellness trends, convenience, and retail catering which is projected to assist in market development.

Information Source - https://www.fortunebusinessinsights.com/germany-food-service-market-107652 

Segmentation

Based on type, the market is divided into full-service restaurants, quick-service restaurants, institutes, and others.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Change in the Lifestyle of the Consumers to Progress Market Growth

Change in the lifestyle of the consumers is anticipated to drive the Germany food service market growth. An increase in the spending towards expensive food and beverage services is increasing the popularity of the food service market. Millennials are leaning towards fast food consumption, and their spending on quick service restaurants is increasing compared to the spending on traditional family restaurants. Key manufacturers and stakeholders in the industry have been expanding their business to capture the customer and increase sales in the market. The sales for the market were USD 87.80 billion in 2022 was an increase when compared to the sales of 2021 which were USD 81.12 billion.

However, the availability of ready-to-eat food products is hampering the market growth.

Competitive Landscape

Launch of Vegan Food Products and Restaurants by Key Players to Fuel Market Trend

The innovative packaging for food served in QSRs helped the companies operating to gain consumer attention and increase their market popularity. Companies have been launching and offering vegan products by going with the trend of vegan food products. This allows companies to serve the customer demand for healthy food products and drives the Germany food service market share. In May 2021, Burger King Germany opened its first plant-based restaurant in Cologne, Germany offering a plant-based menu.

Key Industry Development

• December 2022- Domino's Pizza Germany launched "Oh Jacky", a jackfruit pizza for vegan consumers which became the first QSR chain in Germany to launch a jackfruit pizza. It has already launched vegan pizzas in countries like Spain, Australia, and U.K.

List of Key Players Profiled in the Market Report

• McDonald's (U.S.)
• Starbucks Corporation (U.S.)
• Restaurant Brands International (Canada)
• Block Gruppe (Germany)
• Dominos (U.S.)
• Coffee Fellows Gmbh (Germany)
• Yum! Brands, Inc (U.S.)
• Sausalito Holding Gmbh (Germany)
• Hans im Glück Franchise GmbH (Germany)
• Darden Restaurants, Inc. (U.S.)