United States Food Service Market - Global Industry Size, Share, Trends, Opportunity, And Forecast, 2018-2028

Posted by TechSci Research on February 22nd, 2024

The digitalization of food service and the availability of diverse cuisines are key drivers expected to propel the US food service market in the forecast period.

TechSci Research's report, "US Food Service Market – Region, Competition, Forecast, and Opportunity, 2028" forecasts significant growth in the US food service market due to evolving consumer preferences, urbanization, appealing food packaging, hectic lifestyles, changing routines, and flavor variety.

The focus in the food service sector now emphasizes developing functional and sustainable food, catering to customers' desires for organic, tailored diets, nutritious snacks, and fresh, unprocessed products. This shift responds to increased demand for fast, convenient, and attractive options.

The COVID-19 pandemic heightened health and safety concerns in the food service industry, prompting implementation of contactless ordering, payment systems, and enhanced sanitation protocols for safer dining experiences.

In the modern foodservice industry, emphasis lies on researching and creating functional and organic food products to meet the growing demand for healthier options. Consumers' focus on health and wellness drives demand for plant-based, vegetarian, gluten-free, and allergen-friendly menu options.

The US food service market is highly competitive, with large chains and independent establishments vying for market share through menu offerings, pricing, and overall dining experiences.

Ownership categories include chained outlets, part of larger chains or franchises, benefiting from standardized menus and corporate support. Examples include McDonald's, Subway, and Starbucks. Independent outlets, standalone businesses with unique menus and concepts, have the flexibility to adapt quickly to changing trends without corporate constraints.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on the "United States Food Service Market."

The US food service market is categorized by type, ownership, region, and competition. Types include quick service restaurants (QSR), dining services (hotels and restaurants), pubs, bars, café, and lounges (PBCL), and others such as cafeterias and cloud kitchens. Ownership is divided into chained outlets and independent outlets. Regions include South, Midwest, Northeast, and West.

Key market players in the United States food service market include:

·         Performance Food Group, Inc.

·         Compass Group USA, Inc.

·         McDonald's USA LLC

·         Sodexo, Inc.

·         Yum! Brands, Inc.

·         ARAMARK Corporation

·         Starbucks Corporation

·         Restaurant Brands International, Inc.

·         Domino’s Pizza, Inc.

·         MTY Food Group Inc.

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"The digitalization of the food service market is a significant trend poised to drive growth in the forecast period. Advancements in technology, evolving consumer preferences, and the diversification of cuisines will positively impact the market. Increasing demand for healthier menus, effective marketing strategies, and the popularity of e-commerce channels will further fuel growth," stated Mr. Karan Chechi, Research Director at TechSci Research.

"US Food Service Market: Types (QSR, Hotels, Restaurants, PBCL, Others), Ownership (Chained, Independent), Region, Competition, Forecast & Opportunities, 2028" assesses the future growth potential of the US food service market, offering insights on structure, size, and trends. The report provides cutting-edge market intelligence for decision-makers, identifying emerging trends, drivers, challenges, and opportunities in the US food service market.

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