The global foodservice profit sector recorded sales of $3.7 trillion in 2022. The rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% during the forecast period (2022-27). Rising investments by global chain operators such as McDonald's, Domino's, and Starbucks to expand their footprint in APAC is predicted to drive the sector's growth.
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