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Foodservice Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 130
  • SKU: IRTNTR70236
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The foodservice market share in US is expected to surge to USD 269.04 billion by 2026, and the market's growth momentum will accelerate at a CAGR of 6.14%. This provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

The market vendors in the US studied and compiled in this report include Chick-fil-A Inc., Doctors Associates LLC, Dunkin Brands Group Inc., McDonald Corp., Restaurant Brands International Inc., Starbucks Corp., and YUM! Brands Inc. among others.

The market research report has been broadly categorized into the following demographic segmentations: 

  • Type - Fast food service, restaurant, cafes and bars, delivery and take away, and others
  • Service type - Conventional, centralized, ready-prepared, and assembly-serve

What will the Foodservice Market Size in US be During the Forecast Period?

Foodservice Market Size

Download the Free Report Sample to Unlock the Market Size  for the Forecast Period and Other Important Statistics

 

Foodservice Market in US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased snacking and indulgence consumption is notably driving the market growth, although factors such as rising competition from the unorganized fast-food sector may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the foodservice industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver 

One of the key factors driving the market growth is the increased snacking and indulgence consumption. Over the past ten years, the number of consumers who prefer snacks has seen a rise in the US. The hectic lifestyles often compel consumers to skip their meals and consume on-the-go food. Similarly, the consumption of bakery products, such as doughnuts, bread, rolls, pies, and other similar products for breakfast, has surged in the US. Thus, vendors in the US are offering healthy food options, such as doughnut sandwiches that include healthy ingredients. Though consumers have become more health-conscious and prefer healthy snacks, there is a steady growth in demand for premium food varieties, such as premium doughnuts, cakes, cookies, and pastries. Such factors are expected to drive market growth in the forecast period.

Key Market Trend

The increasing popularity of food trucks is one of the key market trends that is expected to impact the industry positively in the forecast period. Food trucks mainly offering ethnic foods have gained popularity in Texas state of the US, whereas the number of food trucks in North Carolina has almost tripled during the last five years. This popularity is expected to further increase during the forecast period mainly due to the convenience foods offered by food trucks. In addition, food trucks offering various cuisines such as Italian, Greek, classic American, and others are expected to gain popularity among consumers. The relatively low initial investment in food trucks is attracting more people to come up with their own food trucks. Such factors are expected to drive the concerned market growth in the coming years.

Key Market Challenge

One of the key challenges to the market growth is the rising competition from the unorganized fast-food sector. The number of unorganized fast food vendors, such as those that sell through street stalls and trucks, is exponentially increasing across the country. Such vendors offer a variety of fast food items at affordable prices, which are preferred by price-conscious customers. There are various consumer categories in the urban areas of the US, and many vendors are starting fast food businesses to tap the demand. Such factors will challenge the market growth in the coming years.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the foodservice market in the US as a part of the global specialized consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the Foodservice Market in the US?

Foodservice Market Market segmentation by region

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The market share growth by the fast-food service segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for non-vegetarian food products in varied types of fast foods, such as pizzas, burgers, subways, and sandwiches.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

Who are the Major Foodservice Market Vendors in the US?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Chick-fil-A Inc.
  • Doctors Associates LLC
  • Dunkin Brands Group Inc.
  • McDonald Corp.
  • Restaurant Brands International Inc.
  • Starbucks Corp.
  • YUM! Brands Inc.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

Product Insights and News

  • Chick-fil-A Inc. - The company ensures restaurants have the food and products they need through a seamless delivery experience that extends the Chick-fil-A culture of care. 
  • Chick-fil-A Inc. - Through the catering segment, the company offers catering services. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Foodservice Market Value Chain Analysis in the US

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

 

Foodservice Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.14%

Market growth 2022-2026

$ 269.04 billion

Market structure

Fragmented

YoY growth (%)

5.9

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Chick-fil-A Inc., Doctors Associates LLC, Dunkin Brands Group Inc., McDonald Corp., Restaurant Brands International Inc., Starbucks Corp., and YUM! Brands Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the foodservice industry in the US 
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Service Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 22: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 24: Chart on Comparison by Type
      • Exhibit 25: Data Table on Comparison by Type
    • 5.3 Fast foodservice - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Fast foodservice - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 27: Data Table on Fast foodservice - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 28: Chart on Fast foodservice - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Fast foodservice - Year-over-year growth 2021-2026 (%)
    • 5.4 Restaurant - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Restaurant - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Data Table on Restaurant - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 32: Chart on Restaurant - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Restaurant - Year-over-year growth 2021-2026 (%)
    • 5.5 Cafes and bars - Market size and forecast 2021-2026
      • Exhibit 34: Chart on Cafes and bars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Data Table on Cafes and bars - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 36: Chart on Cafes and bars - Year-over-year growth 2021-2026 (%)
      • Exhibit 37: Data Table on Cafes and bars - Year-over-year growth 2021-2026 (%)
    • 5.6 Delivery and takeaway - Market size and forecast 2021-2026
      • Exhibit 38: Chart on Delivery and takeaway - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 39: Data Table on Delivery and takeaway - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 40: Chart on Delivery and takeaway - Year-over-year growth 2021-2026 (%)
      • Exhibit 41: Data Table on Delivery and takeaway - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ billion)

    6 Market Segmentation by Service Type

    • 6.1 Market segments
      • Exhibit 47: Chart on Service Type - Market share 2021-2026 (%)
      • Exhibit 48: Data Table on Service Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Service Type
      • Exhibit 49: Chart on Comparison by Service Type
      • Exhibit 50: Data Table on Comparison by Service Type
    • 6.3 Conventional - Market size and forecast 2021-2026
      • Exhibit 51: Chart on Conventional - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Data Table on Conventional - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 53: Chart on Conventional - Year-over-year growth 2021-2026 (%)
      • Exhibit 54: Data Table on Conventional - Year-over-year growth 2021-2026 (%)
    • 6.4 Centralized - Market size and forecast 2021-2026
      • Exhibit 55: Chart on Centralized - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Data Table on Centralized - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 57: Chart on Centralized - Year-over-year growth 2021-2026 (%)
      • Exhibit 58: Data Table on Centralized - Year-over-year growth 2021-2026 (%)
    • 6.5 Ready-prepared - Market size and forecast 2021-2026
      • Exhibit 59: Chart on Ready-prepared - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Data Table on Ready-prepared - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 61: Chart on Ready-prepared - Year-over-year growth 2021-2026 (%)
      • Exhibit 62: Data Table on Ready-prepared - Year-over-year growth 2021-2026 (%)
    • 6.6 Assembly-serve - Market size and forecast 2021-2026
      • Exhibit 63: Chart on Assembly-serve - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Data Table on Assembly-serve - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 65: Chart on Assembly-serve - Year-over-year growth 2021-2026 (%)
      • Exhibit 66: Data Table on Assembly-serve - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Service Type
      • Exhibit 67: Market opportunity by Service Type ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 69: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 70: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 71: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 72: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 73: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 74: Matrix on vendor position and classification
            • 10.3 Chick fil A Inc.
              • Exhibit 75: Chick fil A Inc. - Overview
              • Exhibit 76: Chick fil A Inc. - Product / Service
              • Exhibit 77: Chick fil A Inc. - Key offerings
            • 10.4 Dominos Pizza Inc.
              • Exhibit 78: Dominos Pizza Inc. - Overview
              • Exhibit 79: Dominos Pizza Inc. - Business segments
              • Exhibit 80: Dominos Pizza Inc. - Key news
              • Exhibit 81: Dominos Pizza Inc. - Key offerings
              • Exhibit 82: Dominos Pizza Inc. - Segment focus
            • 10.5 Inspire Brands Inc.
              • Exhibit 83: Inspire Brands Inc. - Overview
              • Exhibit 84: Inspire Brands Inc. - Product / Service
              • Exhibit 85: Inspire Brands Inc. - Key offerings
            • 10.6 Marcos Franchising LLC
              • Exhibit 86: Marcos Franchising LLC - Overview
              • Exhibit 87: Marcos Franchising LLC - Product / Service
              • Exhibit 88: Marcos Franchising LLC - Key offerings
            • 10.7 McDonald Corp.
              • Exhibit 89: McDonald Corp. - Overview
              • Exhibit 90: McDonald Corp. - Product / Service
              • Exhibit 91: McDonald Corp. - Key news
              • Exhibit 92: McDonald Corp. - Key offerings
            • 10.8 Papa Johns International Inc.
              • Exhibit 93: Papa Johns International Inc. - Overview
              • Exhibit 94: Papa Johns International Inc. - Business segments
              • Exhibit 95: Papa Johns International Inc. - Key offerings
              • Exhibit 96: Papa Johns International Inc. - Segment focus
            • 10.9 Restaurant Brands International Inc.
              • Exhibit 97: Restaurant Brands International Inc. - Overview
              • Exhibit 98: Restaurant Brands International Inc. - Business segments
              • Exhibit 99: Restaurant Brands International Inc. - Key news
              • Exhibit 100: Restaurant Brands International Inc. - Key offerings
              • Exhibit 101: Restaurant Brands International Inc. - Segment focus
            • 10.10 Starbucks Co.
              • Exhibit 102: Starbucks Co. - Overview
              • Exhibit 103: Starbucks Co. - Business segments
              • Exhibit 104: Starbucks Co. - Key news
              • Exhibit 105: Starbucks Co. - Key offerings
              • Exhibit 106: Starbucks Co. - Segment focus
            • 10.11 The Wendys Co.
              • Exhibit 107: The Wendys Co. - Overview
              • Exhibit 108: The Wendys Co. - Business segments
              • Exhibit 109: The Wendys Co. - Key offerings
              • Exhibit 110: The Wendys Co. - Segment focus
            • 10.12 YUM Brands Inc.
              • Exhibit 111: YUM Brands Inc. - Overview
              • Exhibit 112: YUM Brands Inc. - Business segments
              • Exhibit 113: YUM Brands Inc. - Key news
              • Exhibit 114: YUM Brands Inc. - Key offerings
              • Exhibit 115: YUM Brands Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 116: Inclusions checklist
                • Exhibit 117: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 118: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 119: Research methodology
                • Exhibit 120: Validation techniques employed for market sizing
                • Exhibit 121: Information sources
              • 11.5 List of abbreviations
                • Exhibit 122: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Foodservice Market in US market growth will increase by $269.04 bn during 2022-2026.
              The foodservice market in us market is expected to grow at a CAGR of 6.14% during 2022-2026.
              Technavio has segmented the foodservice market in us market by type (Fast foodservice, Restaurant, Cafes and bars, Delivery and take away, and Others) ,other 1 (Conventional, Centralized, Ready-prepared, and Assembly-serve) , and geographic (US).
              American Dairy Queen Corp., Chick fil A Inc., Chipotle Mexican Grill Inc., CKE Restaurants Holdings Inc., Dominos Pizza Inc., Inspire Brands Inc., Jack in the Box Inc., Jersey Mikes Franchise Systems Inc., Marcos Franchising LLC, McDonald Corp., MTY Food Group Inc., Papa Johns International Inc., Penn Station Inc., Pret A Manger, Raising Canes Restaurants LLC, Restaurant Brands International Inc., Starbucks Co., The Wendys Co., Wingstop Inc., YUM Brands Inc. are a few of the key vendors in the foodservice market in us market.
              US will register the highest growth rate of 100% among the other regions. Therefore, the foodservice market in us market in US is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the foodservice market in us market growth are:
              • increased snacking and indulgence consumption
              • Increasing popularity of food trucks
              The foodservice market in us market vendors should focus on grabbing business opportunities from the fast foodservice segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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