NEW YORK, April 25, 2023 /PRNewswire/ -- The foodservice market size in the US is set to grow by USD 290.55 billion from 2022 to 2027, progressing at a CAGR of 6.25% during the forecast period, according to Technavio research report. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. For more insights on CAGR and YOY growth rate, Download Sample Report 

Foodservice Market in US 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The foodservice market in the US report covers the following areas:

• Foodservice Market in US Size

• Foodservice Market in US Trends

• Foodservice Market in US Industry Analysis

Frequently Asked Questions:

• Based on segmentation by Type, which is the leading segment in the market?
  Based on segmentation by type, fast food services segment is leading in the market.

• What are the major trends in the market? 
  Highly diverse population indulging in ethnic cuisine, growing number of strategic alliances, and increasing demand for gluten-free fast foods are emerging trends in the market.

• Who are the top players in the market?
  American Dairy Queen Corp., Chick fil A Inc., Chipotle Mexican Grill Inc. are the top 3 players in the market.

Foodservice Market in US 2023-2027: Segmentation

Foodservice Market in the US is segmented as below:

• Type

The market share growth by the fast foodservice segment will be significant for the market growth during the forecast period. Fast foodservice restaurants provide fast service and frequently have a drive-through alternative, which are a preference among time-crunched customers because of their quick service. This results in a large number of market players opening new stores in different places and adding creative and diverse food choices to their menus. It is anticipated that the availability of non-vegetarian food products in a range of fast food items will significantly fuel the segment's development during the forecast period.

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This study identifies highly diverse population indulging in ethnic cuisine as one of the prime reasons driving the foodservice market in the US growth during the next few years.

Foodservice Market in the US 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Dairy Queen Corp., Chick fil A Inc., Chipotle Mexican Grill Inc., CKE Restaurants Holdings Inc., Dominos Pizza Inc., Inspire Brands Inc., Jack in the Box Inc., Marcos Franchising LLC, McDonald Corp., MTY Food Group Inc., Papa Johns International Inc., Penn Station Inc., Pret A Manger, Raising Canes Restaurants LLC, Restaurant Brands International Inc., Starbucks Corp., The Subway Group, The Wendys Co., Wingstop Inc., and YUM Brands Inc. are some of the major market participants.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

• Global competitiveness and key competitor positions

• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy Now!

Foodservice Market in the US 2023-2027: Driver

• The increasing demand for allergen-free dining is a major driver for the market growth of food services during the forecast period.

• In spite of the majority of consumers not having negative reactions, dietary allergens can have serious health effects on sensitive people.

• For instance, in the US, 6% of young infants and nearly 3% of adults reported having one or more food allergies in 2022. This results in eateries creating brand-new menus to satisfy the unique dietary requirements of their patrons, such as gluten- and allergen-free menus.

• Moreover, it has been noted that those who are gluten intolerant, frequently eat at gluten-free establishments.

• Therefore, allergen-free dining will drive the market in the United States over the forecast period.

Foodservice Market in the US 2023-2027: Challenge

• A major challenge hindering the growth of the foodservices market in the US is the increasing rate of at-home cooking.

• Some people prefer to dine at home as opposed to going out to eat because they believe that eating out is harmful due to the high amounts of carbohydrates, added sugar, sodium, unhealthy fats, and artificial food additives present in it. This results in the chance of lifestyle-related illnesses like obesity, diabetes, and heart disease rising.

• Moreover, getting takeout or eating out is more expensive than ordering meals from home. Home-cooked dishes are also more nutrient-dense as a result of fresh, perishable, hygienic, and uncontaminated ingredients. It is likely to limit market expansion as consumers, particularly millennials and baby boomers, become more health concious.

• Hence, the trend towards healthy cooking will pose a potential threat to the foodservice market in the US during the forecast period.

Foodservice Market in the US 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027

• Detailed information on factors that will assist foodservice market in us growth during the forecast period

• Estimation of the foodservice market in the US size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the foodservice market across US

• Analysis of the market's competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of foodservice market in the US vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Foodservice market in US 2017 - 2021

• 4.2 Type Segment Analysis 2017 - 2021

• 4.3 Solution Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Type

• 6.1 Market segments

• 6.2 Comparison by Type

• 6.3 Fast foodservice - Market size and forecast 2022-2027

• 6.4 Restaurant - Market size and forecast 2022-2027

• 6.5 Cafes and bars - Market size and forecast 2022-2027

• 6.6 Delivery and takeaway - Market size and forecast 2022-2027

• 6.7 Others - Market size and forecast 2022-2027

• 6.8 Market opportunity by Type

7 Market Segmentation by Solution

• 7.1 Market segments

• 7.2 Comparison by Solution

• 7.3 Conventional - Market size and forecast 2022-2027

• 7.4 Centralized - Market size and forecast 2022-2027

• 7.5 Ready prepared - Market size and forecast 2022-2027

• 7.6 Assembly-serve - Market size and forecast 2022-2027

• 7.7 Market opportunity by Solution

8 Customer Landscape

• 8.1 Customer landscape overview

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape

• 10.3 Landscape disruption

• 10.4 Industry risks

11 Vendor Analysis

• 11.1 Vendors covered

• 11.2 Market positioning of vendors

• 11.3 American Dairy Queen Corp.

• 11.4 Chick fil A Inc.

• 11.5 Chipotle Mexican Grill Inc.

• 11.6 CKE Restaurants Holdings Inc.

• 11.7 Dominos Pizza Inc.

• 11.8 Inspire Brands Inc.

• 11.9 Jack in the Box Inc.

• 11.10 Marcos Franchising LLC

• 11.11 McDonald Corp.

• 11.12 MTY Food Group Inc.

• 11.13 Papa Johns International Inc.

• 11.14 Restaurant Brands International Inc.

• 11.15 Starbucks Corp.

• 11.16 The Wendys Co.

• 11.17 YUM Brands Inc.

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist

• 12.3 Currency conversion rates for US$

• 12.4 Research methodology

• 12.5 List of abbreviations

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