United States Foodservice Market to Reach USD 658.08 Billion by 2026
Growing trend of
digitalization of food service and increasing purchasing power to drive the United
States foodservice market during the forecast period.
According to TechSci Research report, “United
States Foodservice Market By Type QSR (Quick Service
Restaurants), Dining Service (Hotels, Restaurants), PBCL (Pubs, Bars, Cafe and
Lounges), and Others (Cafeteria, Ghost Kitchens, Catering and Vending Companies)),
By Ownership (Chained Outlets vs. Independent Outlets), By
Region, Competition, Forecast & Opportunities, 2026”, the United States foodservice
market had grown to approximately USD520 billion in the year 2020 and it is
further anticipated to grow with the CAGR of 4.10% by 2026F. United States
foodservice industry is said to be the largest foodservice industry at the
global level, which includes all those businesses that deal in the meals which
are prepared outside the home. United States foodservice industry contributes to
approximately 10% of total employment within the United States. In the year
2019, the people working in this foodservice sector were counted to be around 2 million within California
state alone, with the largest share of waiters and waitresses in terms of
employment. It has also been analyzed that the market of foodservice has
retained the market growth despite many challenges, due to the driving factors
like takeout, delivery, and food trucks.
Browse 17 market data Figures spread through 70 pages and an in-depth
TOC on "United States Foodservice Market"
https://www.techsciresearch.com/report/united-states-foodservice-market/7945.html
The COVID-19 pandemic has impacted the foodservice business. Fast food
businesses were forced to close momentarily due to the lockout of several
eateries. People working in the foodservice industry experienced challenges due
to mismanagement of operations, supply chains, business model recreation,
digitization, and other unforeseen consequences. It was due to pandemic as well
as the pressure of rising labor costs and high rate of turnover, most of the service providers are now
opting for new technology (such as mobile ordering, delivery apps, and
self-ordering kiosks) to meet the customer demand. Companies like Dunkin' Brands
Group, Inc., through its Dunkin' Donuts brand last year in August, announced a
USD100 million investment to strengthen its capacity to provide service to consumers
who order from mobile devices. The firm aimed to establish 50 pilot locations
as a part of the initiative, that would have dedicated pickup areas, digital
kiosks, and enlarged drive-thru windows that prioritize orders placed through
the company's mobile app.
The United States Foodservice market consists of the following segments,
type, ownership, region,
and company. In terms of Type,
the United States foodservice market is segmented into QSR (Quick
Service Restaurants), dining service (Hotels, Restaurants), PBCL (Pubs, Bars,
Cafe, and Lounges), and others (Cafeteria, Ghost Kitchens, Catering and Vending
Companies). Among which, it is the QSR segment that holds the prominent share
of around 35% in the United States foodservice market followed by dining service
(hotels, restaurants), PBCL (Pubs, Bars, Cafe and Lounges), and others which
includes cafeteria, ghost kitchens, catering and vending companies. Quick
service restaurants segment is also the only segment that records the largest
number of outlets within the United States market owing to the consumption
pattern in the United States, which is highly dependent upon the instant
service restaurants.
In terms of region, the United States foodservice market is segmented into
south, west, mid-west, and north-east. Among these, the west region of the United States is the fastest growing
within the United States foodservice market, with a CAGR of around 4.40% and is
expected to maintain its dominance throughout the forecast period.
Major Companies operating in the United States foodservice market are Performance Food Group Company,
Compass Group USA, Inc., McDonald’s USA, LLC, Aramark Corporation, Sodexo,
Inc., YUM! BRANDS, INC. (KFC, Pizza Hut, Taco Bell), Starbucks Corporation,
Restaurant Brands International Inc., Domino's Pizza, Inc., and HMSHOST CORP.
(USA). To remain competitive in the United States foodservice market
companies are continuously launching new services and changing marketing
strategies to capture the majority of the consumer base across the country.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7945
Customers can also request 10% free customization on this report.
“The rising demand for online food ordering channels is contributing to
the growth of the foodservice market. The foodservice market is highly
fragmented due to the presence of various giant players and local players such
as McDonald's Corporation, YUM!
BRANDS, INC. (KFC, Pizza Hut, Taco Bell), Starbucks Corporation, Domino's
Pizza, Inc., and other companies. The market experts must be updated
with the changing consumer taste & preferences and satisfy their needs and due to factors the foodservice providers
may have to face difficulty in staying on top in the market.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“United States Foodservice Market By Type QSR (Quick Service Restaurants), Dining Service (Hotels,
Restaurants), PBCL (Pubs, Bars, Cafe and Lounges), and Others (Cafeteria,
Ghost Kitchens, Catering and Vending Companies)), By Ownership (Chained Outlets
vs. Independent Outlets), By Region, Competition,
Forecast & Opportunities, 2026” has evaluated the future growth potential
of foodservice market in the United States and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment decision. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in the United States foodservice market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com/