US Foodservice Market Size, Growth, Industry, Revenue 2031

Segments - United States Foodservice Market by Category (Full Service Restaurant, Self Service Restaurant, Fast Food, Street Stall and Kiosk, Cafe and Bar, and 100% Home Delivery Restaurant) Structure (Independent Consumer Foodservice and Chained Consumer Foodservice) and Country (United States) - United States Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

United States Foodservice Market Outlook 2031

The United States foodservice market size was valued at USD 824.6 Million in 2022 and is likely to reach USD 1.99 Billion by 2031, expanding at a CAGR of 10.3% during the forecast period, 2023–2031. The growth of the market is attributed to rising digitalization of food service, as consumers find it comfortable to book prior and make payments online.

Foodservice is also known as providing food made outside the home, to the public or catering services. There are several companies in the catering business which provide such services. Food services provide packaged food service as well as real-time food service. Foodservice industry in US includes various kind of restaurants such as full-service restaurants, fast food/ quick-service restaurants, limited-service restaurants, and special food service restaurant.

The growth of commercial spaces like restaurants, café as a place to socialize and spend time with various and innovative food consumption has changed the food consumption habits owing to rising working class consisting of the millennial populations. The adoption of fast lifestyle and exclusion of home-cooking as a part of household activities has increased the demand for ready to eat foods which are non-traditional and mix of different ingredients with different tastes has increased the demand for food services market.

Restaurants and other foodservice providers have been focusing on digitalizing their operations. The rising number consumers adapting to order food online and home delivery system has been the foremost driver for the market. Online platforms to order food for delivery have been successful concepts owing to the ease of choosing food items and convenient payment procedures. Moreover, in 2018, more than 70 million consumers in the United States were engaged in ordering food online from restaurants.

The Covid-19 pandemic had an unpleasant impact on the United States foodservice market. The consumers in the market have begun to change their dining behavior and practice social distancing, which had affected the revenues and the market. The market suffered significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

United States Foodservice Market Trends, Drivers, Restraints, and Opportunities:

Increasing digitalization of food service is anticipated to fuel the United States foodservice market.
Fast food restaurants focusing on organic produce and healthy food and rising demand for fast food in US are expected to drive the market during the forecast period.
Factors such as health awareness and rising obesity among consumers are likely to impede the market growth.
R&D investment and technological advancement in the United States foodservice market are expected to offer lucrative opportunities for the market players.

Scope of United States Foodservice Market Report

The report on the United States foodservice market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Foodservice Market - United States Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Category (Full Service Restaurant, Self Service Restaurant, Fast Food, Street Stall and Kiosk, Cafe and Bar, and 100% Home Delivery Restaurant) Structure (Independent Consumer Foodservice and Chained Consumer Foodservice)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	McDonald's Corp., Yum! Brands Inc., Starbucks Corp., Doctor's Associates Inc. and Restaurant Brands International

United States Foodservice Market Segment Insights

Based on category, the United States foodservice market is segregated into full service restaurant, self service restaurant, fast food, street stall and kiosk, cafe and bar, and 100% home delivery restaurant. The fast food segment is expected to account for a key share of the market during the forecast period.

Quick service or fast food restaurants include cafeterias, limited-service eating places, fast-food restaurants, ice cream parlors, beverage bars, carryout sandwich shops, pizza-delivery establishments and carry out service shops with on-premises baking of cookies, doughnuts, and bagels. Thereby, food consumption has never been so easy and the variety of choices available in the market is likely to propel the market growth.

United States Foodservice Market Category

Based on structure, the United States foodservice market is divided into independent consumer foodservice and chained consumer foodservice. The Independent consumer foodservice segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to online food delivery services by restaurants, as well as various platforms.

United States Foodservice Market Structure

Segments

The United States foodservice market has been segmented on the basis of

Structure

Independent Consumer Foodservice
Chained Consumer Foodservice

Key Companies

McDonald's Corp.
Yum! Brands Inc.
Starbucks Corp.
Doctor's Associates Inc.
Restaurant Brands International

Competitive Landscape

Key players competing in the United States foodservice market include McDonald's Corp., Yum! Brands Inc., Starbucks Corp., Doctor's Associates Inc. and Restaurant Brands International. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,

In 2020, Yum Brands declared the agreement to acquire The Habit Burger Grill, America’s fast-casual concept, for approximately USD 375 million.
In 2019, McDonald's Corporation stated the transition of US McCafe restaurants to 100% sustainably sourced outlets.
In 2019, Subway relaunched its Ultimate Cheesy Garlic Bread, due to the high demand from consumers. The product was made available in three flavors.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Foodservice Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Foodservice Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Foodservice Market - Supply Chain
  4.5. Global Foodservice Market Forecast
     4.5.1. Foodservice Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Foodservice Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Foodservice Market Absolute $ Opportunity
5. Global Foodservice Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Foodservice Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Foodservice Demand Share Forecast, 2019-2026
6. North America Foodservice Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Foodservice Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Foodservice Demand Share Forecast, 2019-2026
7. Latin America Foodservice Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Foodservice Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Foodservice Demand Share Forecast, 2019-2026
8. Europe Foodservice Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Foodservice Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Foodservice Demand Share Forecast, 2019-2026
9. Asia Pacific Foodservice Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Foodservice Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Foodservice Demand Share Forecast, 2019-2026
10. Middle East & Africa Foodservice Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Foodservice Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Foodservice Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Foodservice Market: Market Share Analysis
  11.2. Foodservice Distributors and Customers
  11.3. Foodservice Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. McDonald's Corp. Yum! Brands Inc. Starbucks Corp. Doctor's Associates Inc.