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 popularity of ethnic cuisines, particularly those originating from East and Southeast Asian countries and the Indian subcontinent. This trend is primarily driven by the growing immigrant population in the US, with approximately 22 million Asians residing in the country. The adventurous American palate has embraced the diverse and spicy flavors introduced by this expanding demographic, leading to a market response that has been overwhelmingly favorable. The influx of immigrants, particularly from these regions, is the primary catalyst for the rising demand for spicy foods in the US foodservice industry. 

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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
  • Others
• Solution
  • Conventional
  • Centralized
  • Ready-prepared
  • Assembly-serve
• Sector
  • Commercial
  • Non-commercial
• Business Segment
  • Chains
  • Independent
• Service Model
  • Dine-In
  • Delivery
  • Takeaway
• Target Audience
  • Families
  • Millennials
  • Professionals
• Health Focus
  • Organic
  • Plant-Based
  • Gluten-Free
• 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 Foodservice Market of the US, integrating POS systems with online ordering apps streamlines operations and enhances kitchen workflow efficiency. Food waste audits, supplier relationship management, and employee engagement initiatives reduce costs. Marketing automation tools, social media marketing, and brand awareness strategies boost customer retention. Menu optimization techniques, cost accounting methods, and inventory control methods ensure profitability. Purchasing optimization, energy conservation practices, staff scheduling software, and customer communication channels enhance operational efficiency. Digital menu boards, online reputation management, loyalty program effectiveness, sales performance analysis, and pricing model optimization drive revenue growth. Delivery logistics management, customer data analytics, feedback analysis tools, profitability analysis, performance management system, operational improvement strategies, customer experience management, food safety compliance, ingredient traceability, and energy conservation practices are essential for long-term success.

Market Research Overview

The foodservice market within the US hospitality sector, encompassing companies engaged in online ordering platforms, kitchen display systems, inventory management software, and supply chain optimization for hotels, resorts, and cruise lines, is experiencing significant growth. This expansion is attributed to the burgeoning travel and tourism industry, with increasing numbers of domestic and international travelers. Technavio projects industry growth, driven by the implementation of advanced technology solutions to streamline operations, enhance customer experience, and optimize supply chain efficiency.. 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/