US Foodservice Market Share is Expected to Surge to USD 269.04 Billion by 2026
The food service market share in the US is expected to grow by USD 269.04 billion, accelerating at a CAGR of 6.14% during the forecast period. Technavio's research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This detailed analysis of the market will facilitate businesses in planning a strategy for the growth of their business. Unlock Free Sample Analysis Report
Foodservice Market In the US: Market Segments and Growth Forecasts
The food service market report in the US will provide insights into the current market share of each segment along with growth projections for the next five years.
- The food service market in the US is segmented by Type (fast food service, restaurant, cafés and bars, delivery and takeaway, and others) and Market Landscape (conventional, centralized, ready-prepared, and assembly-serve).
- The market growth by the fast-food service segment will be significant during the forecast period.
- The growth of the market in the fast-food service segment is attributed to the increase in the demand for non-vegetarian food products in varied types of fast foods, such as pizzas, burgers, subways, and sandwiches.
- The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the food service market size in the US.
Foodservice Market in the US: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip businesses to design a growth strategy for their business and area of operations.
- Increased snacking and indulgence consumption will be a significant factor in driving the growth of the food service market in the US.
- Increasing demand for allergen-free dining will be instrumental in driving the market growth during the forecast period.
- The increasing popularity of food trucks is the major food service market trend in the US which will positively influence the market growth.
- Rising competition from the unorganized fast food sector is a hurdle that needs to be crossed on the path to success.
Foodservice Market in the US: Vendor Analysis
The market is fragmented due to the presence of several players. Some of the major foodservice market vendors in the US are:
- Chick-fil-A Inc.
- Doctors Associates LLC
- Dunkin Brands Group Inc.
- McDonald Corp.
- Restaurant Brands International Inc.
- Starbucks Corp.
- YUM! Brands Inc.
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Related Reports in the Foodservice Market Include:
- Food Service Market in APAC- The food service market size in APAC is expected to grow by USD 317.03 billion and record a CAGR of 5.20% during 2021-2025.
- Foodservice Market in Australia- The food service market's growth momentum in Australia will accelerate at a CAGR of 11.64% and the market share will increase to USD 30.48 billion from 2021 to 2026.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 6.14%.
- What is the incremental growth of the market?
The market is expected to grow by USD 269.04 billion.
- What is a key factor driving this market?
Increased snacking and indulgence consumption will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
The US is the key region featured in this research report.
- Who are the leading market vendors?
The leading vendors in this market are Chick-fil-A Inc., Doctors Associates LLC, Dunkin Brands Group Inc., McDonald Corp., Restaurant Brands International Inc., Starbucks Corp., and YUM! Brands Inc.
- What are the market segments covered in this report?
The market is segmented by Type (fast foodservice, restaurant, cafés and bars, delivery and take away, and others) and Market Landscape (conventional, centralized, ready-prepared, and assembly-serve).
