Euromonitor International Ltd

Euromonitor International Ltd

November 19, 2013 11:39 ET

Global Foodservice Sales Reach Us$2.6 Trillion, International Markets Leading Growth Through 2017

CHICAGO, ILLINOIS--(Marketwired - Nov. 19, 2013) - Market Research Company Euromonitor International and Nation's Restaurant News released today the top 25 performing international restaurant chains outside of North America. In 2012, worldwide foodservice sales were $2.6 trillion and are projected to reach $3.4 trillion by 2017 (including inflation). Sales growth for 2012 topped $58 billion for restaurants outside of North America.

Foodservice sales are expected to grow most rapidly in Asia Pacific by 39.1% and increase $1.5 trillion dollars in sales between 2012-2017. Latin America follows close behind with an increase of 62.1% and $175.3 billion dollars in sales over that same five-year period. However, North American restaurants are expected to see smaller growth due to fierce competition in a saturated market.

The appeal of international markets is great to many US foodservice firms and some display the largest global growth. Four of the top 25 US and Canada based chains garner more than half of global sales from outside their home markets.

"Our foodservice research offers real insights from every major market. This scope gives us a unique view of the most important trends playing out at the global level," said Michael Schaefer, Head of Beverages and Foodservice at Euromonitor International. "There is real and growing demand for unique, modern foodservice experiences, with many of the operators on this list leading the way."

For more information and access to the Top 25 list:

About Euromonitor International

Euromonitor International is the world's leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.

We deliver market research solutions to support strategic planning for today's increasingly international business environment. Our research offers in-depth market analysis on consumer goods and services industries worldwide, as well as economic, demographic and socio-economic data and insight on countries and consumers.

Euromonitor International is headquartered in London, with regional offices in Chicago, Brazil, Singapore, Shanghai, Vilnius, Santiago, Dubai, Cape Town, Tokyo, Sydney and Bangalore, and has a network of over 800 analysts worldwide.

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