Foodservice Market in US by Type and Foodservice System - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70236
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The foodservice market share in US is expected to increase by USD 157.03 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.11%.

This foodservice market research report of US provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers foodservice market segmentation in US by type (fast foodservice, restaurant, cafés and bars, delivery and take away, and others) and foodservice system (conventional, centralized, ready-prepared, and assembly-serve). The foodservice market report of US also 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., and YUM! Brands Inc. among others.

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

Download the Free Report Sample to Unlock the Foodservice Market Size in US 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 foodservice market growth in US, although factors such as rising competition from the unorganized fast-food sector may impede 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 Foodservice Market Driver in US

Food consumption patterns and preferences have undergone a notable change, as many consumers are replacing their routine meals with on-the-go snacks and light meals. Over the past ten years, the number of consumers who prefer snacks has seen a rise in the US. Fast-paced 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 extensively 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. A large percentage of consumers prefer premium and prepared snacks and are open to trying new and different flavors. Consequently, the demand for snacking at cafes and bars has increased significantly in the US.

Key Foodservice Market Trend in US

One of the trends that are expected to drive the growth of the market during the forecast period is the increasing popularity of food trucks among consumers. Food trucks mainly offering ethnic foods have gained popularity in the 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. Also, 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 of food trucks is attracting more people to come up with their own food trucks. Therefore, the number of food trucks in the US is expected to increase during the forecast period. 

Key Foodservice Market Challenge in US

The foodservice market in US is experiencing a challenge from the growth of 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 (based on income levels) in the urban areas of the US, and many vendors are starting fast food businesses to tap the demand. The growth of this segment is expected to increase during the forecast period, which will affect the foodservice market in US negatively.

This foodservice market analysis report of US 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 2021-2025.

Parent Market Analysis

The growth in the global restaurants market will be driven by factors such as the increase in online food ordering, implementation of innovative technologies to enhance customer experience, increasing focus on younger generation customers, and growing popularity of global cuisines. 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 foodservice market in US during the forecast period.

Who are the Major Foodservice Market Vendors in 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 foodservice market in US encompasses successful business strategies deployed by the key vendors. The foodservice market in US is fragmented and the vendors are deploying growth strategies such as differentiating their products and services through a clear and unique value proposition to compete in the market.

Product Insights and News

  • Chick-fil-A Inc. - The company offers a range of chicken fast food products such as chick fill chicken sandwich, chik fil deluxe sandwich, and others.

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 foodservice market forecast report of US 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 US

Our report provides extensive information on the value chain analysis for the foodservice market in US, 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.

The value chain of restaurants market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

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

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The foodservice market share growth in US by the fast foodservice segment will be significant during the forecast period. Many fast foodservice vendors in the US are offering veg burgers as healthy fast food and breakfast options. The availability of non-vegetarian food products in varied types of fast foods, such as pizzas, burgers, subways, and sandwiches, is expected to propel the growth of the segment significantly during the forecast period.

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

 

Foodservice Market Scope in US

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.11%

Market growth 2021-2025

$ 157.03 billion

Market structure

Fragmented

YoY growth (%)

2.50

Regional analysis

US

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

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What are the Key Data Covered in this Foodservice Market Report of US?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive foodservice market growth in US during the next five years
  • Precise estimation of the foodservice market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of foodservice market vendors in US

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Fast foodservice - Market size and forecast 2020-2025
    • Restaurant - Market size and forecast 2020-2025
    • Cafés and Bars - Market size and forecast 2020-2025
    • Delivery and takeaway - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • COVID-19 pandemic impact and recovery in the market
    • Market opportunity by Type

    Market Segmentation by Foodservice system

    • Market segments
    • Comparison by Foodservice system
    • Conventional - Market size and forecast 2020-2025
    • Centralized - Market size and forecast 2020-2025
    • Ready-prepared - Market size and forecast 2020-2025
    • Assembly-serve - Market size and forecast 2020-2025
    • Market opportunity by Foodservice system

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Chick-fil-A Inc.
    • Doctors Associates LLC
    • Domino's Pizza Inc.
    • Dunkin Brands Group Inc.
    • Marco's Franchising LLC
    • McDonald Corp.
    • Papa John's International Inc.
    • Restaurant Brands International Inc.
    • Starbucks Corp.
    • YUM! Brands Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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
    Interested in this report?
    Get your FREE sample now!
    The foodservice market growth will increase by $157.03 billion during 2020-2025.
    The foodservice market is expected to grow at a CAGR of 4.11% during 2020-2025.
    Technavio has segmented the foodservice market by type (Fast foodservice, Restaurant, Cafés and Bars, Delivery and take away, and Others) ,other1 (Conventional, Centralized, Ready-prepared, and Assembly-serve) , and geographic (US).
    Chick-fil-A Inc., Doctors Associates LLC, Dunkin Brands Group Inc., McDonald Corp., Restaurant Brands International Inc., Starbucks Corp., YUM! Brands Inc. are a few of the key vendors in the foodservice market.
    US will register the highest growth rate of 100.00% among the other regions. Therefore, the foodservice market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the foodservice market growth are:
    • Increased snacking and indulgence consumption
    The foodservice 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.
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