Global Foodservice Disposable Distribution Systems Market to Surpass US$ 78.1 Billion by 2025 – Coherent Market Insights

SEATTLE, May 28, 2018 (GLOBE NEWSWIRE) -- The global foodservice disposable distribution systems market was valued at US$ 54.9 Billion in 2016 and is projected to exhibit a CAGR of 3.61% over the forecast period (2018 – 2025). Key factors driving demand for foodservice disposable distribution systems include rising fast food restaurants coupled with the rising number of working population. According to Coherent Market Insights, in 2017, the fast food industry in the U.S. was valued at approximately US$ 122.33 Bn. Furthermore, increasing initiatives taken by regulating bodies for using eco-friendly products, in order to reduce environment pollution is another major factor fuelling demand for biodegradable foodservice disposables, which in turn is fuelling growth of the global foodservice disposable distribution systems market.

To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/foodservice-disposable-distribution-system-market-1703

Key trends and analysis of the foodservice disposable distribution systems Market:

• Among product types, the tableware disposables segment accounted for major market share of 43.2% in 2016 and is expected to retain market dominance throughout the forecast period. High demand for these key end-users is a key factor driving growth of this segment.
• Among distribution channels, the wholesale segment held the major market share in 2016, on account of high preference for foodservice disposables through this mode of distribution.

Key Market Takeaways:

• North America held the dominated position in the market in 2016, accounting for a market share of over 34.3% in 2016 and is expected to retain market dominance throughout the forecast period. The U.S. is major growth engine in North America market. Emergence of several fast food chains in the country is a major driving factor for growth of this market.
• Furthermore, Canada is another lucrative market for foodservice disposable distribution systems. According to Coherent Market Insights, the number of fast food establishments in Canada increased from 23,667 in 2012 to 26,987 in 2016. Some of the notable fast food chains in Canada include Pizza Hut, Domino's, and KFC among others. According to Coherent Market Insights, the revenue generated by quick service restaurants in Canada was valued at over US$ 25 billion in 2015.

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