Latest News- Foodservice Market in US: Fast foodservice is expected to lead the Type segment during 2025-2029

The Foodservice Market in US is being driven by Increased snacking and indulgence consumption

The Foodservice Market in US is expected to grow at a CAGR of 30.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3118.7 billion. The foodservice market in the US is witnessing a significant trend towards the increasing preference for ethnic cuisines, driven by the influx of immigrants and the evolving American palate. With approximately 22 million Asians residing in the US, originating from East and Southeast Asian countries and populations, as well as the Indian subcontinent, the market is experiencing a surge in demand for spicy dishes. This demographic expansion has introduced a diverse range of flavorful and piquant culinary traditions, which have received a highly favorable market response. Immigration continues to play a pivotal role in shaping the US foodservice industry's culinary landscape. 

Get more information on Foodservice Market in US by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased snacking and indulgence consumption
• Rising demand for allergen-free dining
• Changing lifestyles of consumers

However, the market also witnesses some limitations, which are as follows:

• Rising competition from unorganized fast food sector
• Potential food contamination
• Increased rate of at-home cooking

Benefits of Buying Global Foodservice Market in US Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Foodservice Market in US Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Foodservice Market in the US is witnessing a shift towards healthier options with an increasing demand for vegan, low-sugar, and gluten-free dishes. Full-service restaurants are responding by offering nutritional diets, while consumers can now book online and make payments for foodservice, catering, and packaged goods. Real-time food service is also gaining popularity with food bars, canteens, universities, and hotels. Quick-service and limited-service restaurants, vending machines, and virtual kitchens are also adapting to these trends in the ever-evolving Food Service Industry. Food items such as pancakes and waffles are being reinvented to cater to these dietary preferences.

Market Research Overview

The Foodservice market in the US is a significant segment of the larger Parent Global Hotels, Resorts and Cruise Lines industry. This market encompasses quick service restaurants, full service restaurants, cafes and bars, and specialty tea and coffee establishments. Key trends include the increasing demand for vegan, low-sugar, and gluten-free options, aligning with nutritional dietary preferences. Fast food brands are responding by expanding their menus to cater to these demands, while full service restaurants are following suit to remain competitive. The growing travel and tourism industry fuels the demand for foodservice establishments in the US, with millions of domestic and international visitors annually. The market size is calculated based on the combined revenue generated by companies in casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/