Kudryashova I.V., Pleshakova M.V. GLOBAL FOOD MARKET DEVELOPMENT FACTORS
DOI: https://doi.org/10.15688/ek.jvolsu.2025.3.16
Candidate of Sciences (Economics), Associate Professor, Department of Economic Theory, Regional Economics and Entrepreneurship, Volgograd State University, Prosp. Universitetskiy, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0001-9911-7708
Marina V. Pleshakova
Candidate of Sciences (Economics), Associate Professor, Department of Economics and Management, Moscow City University, 2-y Tulsky Lane, 4, 115191 Moscow, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-4504-1987
Abstract. Public catering, originally created to meet the food needs of people far from home, now also provides them with a place to socialize and relax, and also plays an important role in the world economy as it contributes to the creation of the global product, promotes employment and development of other spheres of the economy. Therefore, it is advisable to study the factors and their impact on the development of the global catering market. The article shows that the main driving forces that contribute to the overall positive dynamics of the world catering market in recent decades are world population growth, urbanization, improved human well-being, scientific and technological progress in the field of kitchen equipment and in ways of interaction between catering companies and their customers, growth of tourist flow in the world, as well as enhancing social function of public catering. A deviation from the positive market trend can be explained by negative global events (for example, the COVID-2019 pandemic), as well as economic downturns. It is proved that the global catering market is relatively stable, as it includes a number of segments (fast food and limited-service restaurants, public catering in medical and educational institutions) that ensure constant demand.
Key words: catering, eating out, catering industry, urbanization, disposable personal income, “third place”.
GLOBAL FOOD MARKET DEVELOPMENT FACTORS by Kudryashova I.V., Pleshakova M.V. is licensed under a Creative Commons Attribution 4.0 International License.
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