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, particularly those originating from East and Southeast Asian countries and the Indian subcontinent. This shift is primarily attributed to the growing immigrant population, with approximately 22 million Asian Americans residing in the US. The adventurous American palate is embracing the diverse and often spicy flavors introduced by this expanding demographic, leading to a market response that has been highly favorable. Immigration, specifically from Asian countries, is the primary driver of this trend, as the Asian American population is the fastest-growing racial or ethnic group in the US. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Fast foodservice
  • Restaurant
  • Cafes and bars
  • Delivery and takeaway
  • Others
• Solution
  • Conventional
  • Centralized
  • Ready-prepared
  • Assembly-serve
• Sector
  • Commercial
  • Non-commercial
• Business Segment
  • Chains
  • Independent
• Geography
  • US

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

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Market Scope in Foodservice Market in US Research Report

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Research Analysis Overview

In the US Foodservice Market, consumers seek various dietary options such as Vegan, Low-sugar, and Gluten-free. Full-service restaurants cater to Nutritional diets with Pancakes and Waffles among their offerings. Online booking and payments are commonplace. Catering services, packaged food, real-time food delivery, and virtual kitchens are trending. Universities offer Food bars, Canteens, and Vending machines. Hotels provide a range of Food items. Limited-service restaurants include Foodservice, Quick-service, and Fast-food outlets. The Foodservice Industry encompasses Restaurants, Catering, and Foodservice establishments like Food bars, Canteens, and Virtual kitchens.

Market Research Overview

The Foodservice Market in the US encompasses a range of establishments, including fast food brands, full service restaurants, cafes and bars, and specialty tea and coffee shops. Key trends in this market include the increasing demand for vegan, low-sugar, and gluten-free options. These nutritional diets reflect broader consumer preferences for healthier food choices. The global Parent Market for hotels, resorts, and cruise lines, which includes companies operating in casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants, is experiencing growth driven by the expanding travel and tourism industry. Millions of people from both emerging and developed economies are traveling annually, fueling demand for diverse foodservice offerings in various sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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