Why is the global food services industry(restaurants, cafe, bars, stalls, trucks) growing?
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The global food services industry is experiencing growth due to various interconnected factors. The industry's capacity to adopt policies promoting sustainable and healthy food systems aligns with the concept of "one health" for people, animals, and the environment, making it appealing to consumers. The globalization of the food industry has created critical interdependencies, leading to lifestyle changes and transformations across nations, further driving the industry's expansion. The shift towards a service-oriented economy, propelled by technological advancements like the internet and smartphones, has also contributed to the growth of the sector, emphasizing the need for stakeholders to adapt to new trends and approaches. Additionally, the increasing services orientation of economies, driven by changing environmental conditions like deregulation, has attracted academic attention to the field of services marketing, further fueling the growth of the food services industry. The transnationalization of the global hospitality market has further solidified the industry's growth by creating stabilizing mechanisms for the world economy.
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| Papers (5) | Insight |
|---|---|
| The global food services industry is growing due to the transnationalization of the world economy, which stabilizes the market by linking segments and participants, enhancing the overall system. | |
| Not addressed in the paper. | |
| The global food service industry is growing due to its capacity to create sustainable, healthy, and profitable food systems, utilizing marketing strategies and technology partnerships to meet customer demands efficiently. | |
| Not addressed in the paper. | |
01 Oct 2019 | Not addressed in the paper. |
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