an integral part of society and economy, is a business which prepares and serves food and drinks to customers in exchange for money. Consumables made of plastic and paper assists the personnel to efficiently provide food, create ambience and maintain healthy environment. Along with serving and cooking materials, products such as hand wash, air freshener, washing chemicals ensures clean, hygienic and fresh vessels, surroundings as well as people. There has been a shift from use of reusable objects towards disposable products with major focus on quality and hygiene. Customers in the developed and developing nations have been demanding clean offerings which can be ensured by the use of disposable products. However, rising concern on environmental sustainability is pressurizing restaurant entities to choose recyclable plastics.
Increased number of theme based restaurants has a huge impact on market offerings, as these specialized firms are seeking for personalized solutions that help them to delight the customers. The restaurant consumables market
is projected to grow at a CAGR of XX% to reach $XX billion by 2021. The major products used in any restaurant are the cleaning chemicals, hand wash, paper towels and disposable cutlery. The market for aforementioned products has been analyzed based on the demand from different types of restaurants including fast food joints, fast casual dining restaurants, casual dining and fine dining restaurants.
The market is also segmented on the basis of geography and the key countries in each geographical region. This market is majorly dominated by U.S. due to high concentration of restaurants and their commitment towards hygiene. The biggest fast food chains such as Domino’s, Pizzahut, McDonalds, KFC and so on are headquartered in the U.S. and hence play a major role in the restaurant consumables market. These chains have been expanding their presence in China and India at a rapid pace which provides huge opportunity to the market players. Key players in this market include:
- Sam’s West Inc. (U.S.)
- The Clark Associate Companies (U.S.)
- Cape Cuisine (South Africa)
- Basic Foods (South Africa)
- Nisbets PLC (U.K.).