United States Food Service Market, By Type (Quick Service Restaurants (QSR)), Dining Service (Hotels, Restaurants), (Pubs, Bars, Café, and Lounges (PBCL)), and Others (Cafeteria, Cloud Kitchen)), By Ownership (Chained Outlets, Independent Outlets), By Region, Competition, Forecast & Opportunities, 2028

Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD810 Million

CAGR (2023-2028)

9.15%

Fastest Growing Segment

Quick Service Restaurants

Largest Market

South Region


United States Food Service market is expected to be driven in the anticipated period due to several factors, such as the increase in purchasing power, rising digitalization, and diversification of multiple cuisines due to increasing immigration across the country.

The term "food service" refers to any business or organization that provides food services to individuals who are not physically present in their homes. This includes all types of establishments, such as restaurants and carryout services, cafeterias, and university dining halls.  Hotels and inns are also part of the food service industry, as are rehabilitation and retirement centers.

The food service market in the United States is one of the largest and most dynamic industries in the country and is a major contributor to the nation's economic growth. The food service market consists of a broad variety of establishments that offer food service to the public, such as restaurants, cafeterias, fast-food establishments, catering services, food delivery services, pubs, bars, and institutional food services providers, such as those providing meals to schools, medical facilities, and other large-scale settings. The food service market is a major contributor to the US economy, employing millions of people in a variety of occupations, including cooks and servers, kitchen personnel, managers, and administrators.

United States Food Service Market Scope

The food service market in the United States is huge and has consistently ranked as one of the largest sectors in terms of revenue generation. The food service market significantly increased its production in 2021 and 2022, compared to the previous years, as the industry recovered from the aftereffects of COVID-19. According to a United States Department of Agriculture study, the total volume of food supplied in 2021 and 2022 amounted to approximately USD 2.11 trillion and USD 2.39 trillion, respectively. Of this total, food service establishments contributed USD 1.16 trillion in 2021 and USD 1.34 trillion in 2022. Full-service establishments provided USD 496 billion in 2021 and USD 468 billion in 2022. The food service market is influenced by changing consumer preferences and trends. In recent years, there has been a growing demand for healthier options, ethically sourced and sustainable foods, and increased interest in international cuisines.

United States Food Service Market Overview

The food service market in the United States includes a diverse array of businesses, from small independent eateries to large restaurant chains and catering companies. In 2022, the market's revenue was humongous.

The food service market caters to different consumer demands and preferences. It can be broadly categorized into several segments, including quick service restaurants (QSR), dining service (hotels and restaurants), pubs, bars, café, lounges (PBCL), and others, such as cafeterias and cloud kitchens.

The United States accounted for the largest share of the global food service market in 2022 and is expected to maintain its position over the next few years, based on GDP growth and food consumption trends in the country. Immigration has played a significant role in the expansion of the US food service sector, as the country’s cuisine has become increasingly integrated into the fusion of cuisines. The extensive variety of dishes available in American eateries is likely to further expand the US food service market over the next few years.

United States Food Service Market Drivers

Economic conditions play a significant role in the food service market in the United States. During periods of economic growth and prosperity, consumers tend to have higher disposable incomes, leading to increased spending on dining out and other food service offerings. In 2022, the average disposable income of an individual has reached USD 55,781 in the United States.  Thus, with increasing disposable income consumers tend to spend more on food services available in the market. Conversely, during economic downturns, consumers may cut back on discretionary spending, which can affect restaurant sales.

Additionally, consumer preferences and tastes are consciously evolving. As consumers become more health-conscious, there is a growing demand for healthier menu options, organic and locally sourced ingredients, and transparency in food sourcing and preparation. The obesity rate among adults in the United States reached 40 percent in 2020. Thus, the rise of dietary trends, such as plant-based diets and gluten-free options, also influences the food service market.

United States Food Service Market Trends

The United States food service market is experiencing several trends that are shaping the industry. The adoption of technology was accelerating in the food service market. Restaurants and food service establishments were increasingly embracing digital solutions, such as online ordering platforms, mobile apps, and contactless payment options. May restaurants have introduced new technology, such as tablets on tabletop to automate the food ordering process. This trend was driven by the desire to enhance customer convenience and improve operational efficiency. The demand for delivery and takeout services was rising steadily, even before the COVID-19 pandemic. However, the pandemic further accelerated this trend as consumers sought safer dining options. Restaurants were partnering with third-party delivery services or establishing their in-house delivery capabilities to meet the growing demand.

The concept of virtual kitchens, which are delivery-only food service establishments without dine-in options, has been gaining popularity in the United States. These kitchens allowed restaurants to expand their reach without the need for a traditional brick-and-mortar location, focusing solely on delivery orders. Personalization has become a significant trend in the food service industry. Restaurants are offering customizable menus and options, allowing customers to tailor their meals according to their preferences.

United States Food Service Market Challenges

The prevalence of home-cooked meals is a major obstacle to the growth of the market. Some individuals prefer to eat in their own homes rather than going out to restaurants. This is due to the perception that eating out can be unhealthy due to the high amount of carbohydrates, sodium, and artificial additives. This increases the likelihood of developing lifestyle-related diseases, such as obesity, diabetes, and heart disease. Furthermore, taking out or ordering from a restaurant can be more expensive than home-cooked meals. Furthermore, home-cooked meals are more nutrient dense due to the use of fresh and perishable ingredients, as well as clean, uncontaminated ones. This trend is expected to impede the expansion of the market as consumers, especially younger generations, and the baby boomer generation, become increasingly health conscious. Consequently, the trend towards home-cooked meals will pose a threat to the food service market in the United States over the forecast period.

Recent Developments

  • In 2022, Subway introduced a comprehensive new menu, the most extensive overhaul in the company's almost six-decade-long history. The objective of the new menu is to simplify the menu options available to customers. Subway will present a new menu at its approximately 21,000 locations across the United States, which consists of twelve sandwiches in what is referred to as the "Subway Series" menu.
  • In 2022, Yum! Brands' main subsidiaries, Taco Bell and KFC, have recently launched new menus, which feature a variety of plant-based options as well as traditional favorites. Pizza Hut has expanded its plant-based options to more than 15 countries, and in 2022, Taco Bell sold 23% of its vegetarian menu items. Overall, the company offers more than 30 vegetarian ingredients that can be combined into one million combinations.

United States Food Service Market Opportunities

The United States food service market offers a variety of growth and innovation opportunities. Despite the challenges, there are several ways for restaurants and food service establishments to take advantage of evolving consumer needs and market trends. Utilizing social media and digital marketing platforms can help restaurants, cafes, hotels, and other eateries. to establish a robust online presence, interact with customers, and addition of new customers. Thus, influencer partnerships and online marketing campaigns can boost the visibility and presence of restaurants.

Furthermore, offering diverse international cuisines and fusion dishes can appeal to customers seeking unique and exotic flavors. Expanding menu options to include a variety of culinary influences can attract a broader audience. With the help of marketing and social media and the diversification of international cuisine, the United States food service market will grow at a fast rate during the forecast period.

Download Free Sample Report

Market Segmentation

The United States food service market is segmented based on type, end ownership, region, and competitional landscape. Based on type the market is further fragmented into quick service restaurants (QSR), dining services (hotels and restaurants), pubs, bars, café, and lounges (PBCL), and others, including cafeterias and cloud kitchens. Based on ownership, the market is segmented into chain outlets and independent outlets. Based on region, the market is divided into South, Midwest, Northeast, and West.

Company Profiles

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., and MTY Food Group Inc. are among the key players in the United States food service market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Ownership

Region

Regional Scope

South, Midwest, West, and Northeast

Key Companies Profiled

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., and MTY Food Group Inc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, the United States food service market has been segmented by the following categories, in addition to the industry trends which have also been detailed below:

  • United States Food Service Market, By Type:

o   Quick Service Restaurants (QSR)

o   Dining Service (Hotels, Restaurants)

o   Pubs, Bars, Café, and Lounges (PBCL)

o   Others (Cafeteria, Cloud Kitchen)

  • United States Food Service Market, By Ownership:

o   Chained Outlets

o   Independent Outlets

  • United States Food Service Market, By Region:

o   South

o   Midwest

o   West

o   Northeast

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the United States food service market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

United States Food Service Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Service Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis

4.1.  Respondent Demographics

4.1.1. By Gender

4.1.2. By Age

4.1.3. By Occupation

4.2.  Brand Awareness

4.3.  Brand Satisfaction

4.4.  Frequency of Visit

5.    United States Food Service Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Type Market Share Analysis (Quick Service Restaurants (QSR)), Dining Service (Hotels, Restaurants), Pubs, Bars, Café, and Lounges (PBCL)), and Others (Cafeteria, Cloud Kitchen))

5.2.2. By Ownership Market Share Analysis (Chained Outlets, Independent Outlets)

5.2.3. By Regional Market Share Analysis

5.2.3.1.        South Market Share Analysis

5.2.3.2.        Midwest Market Share Analysis

5.2.3.3.        West Market Share Analysis

5.2.3.4.        Northeast Market Share Analysis

5.2.4. By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  United States Food Service Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Ownership Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6.    United States Quick Service Restaurants (QSR) Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Ownership Market Share Analysis

7.    United States Dining Service (Hotels, Restaurants) Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Ownership Market Share Analysis

8.    United States Pubs, Bars, Café, and Lounges (PBCL) Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Ownership Market Share Analysis

9.    Market Dynamics

9.1.  Drivers

9.1.1. Diversification of multiple cuisines

9.1.2. Increasing purchasing power

9.1.3. Shift towards convenience

9.2.  Challenges

9.2.1. High competition

9.2.2. Prevalence of home-cooked meals

10.  Impact of COVID-19 on United States Food Service Market

10.1.   Impact Assessment Model    

10.1.1.              Key Segments Impacted

10.1.2.              Key Regions Impacted

11.  Market Trends & Developments

11.1.   Digitalization of the food service market

11.2.   Customization and personalization of meals

11.3.   Surging marketing tactics

11.4.   Expansion of e-commerce channel

11.5.   Demand for healthier menu options

12.  SWOT Analysis

12.1.   Strength

12.2.   Weakness

12.3.   Opportunities

12.4.   Threat

13.  United States Economic Profile

14.  Policy & Regulatory Landscape

15.  Competitive Landscape

15.1.   Company Profiles

15.1.1.              Performance Food Group, Inc.

15.1.1.1.     Company Details

15.1.1.2.     Services

15.1.1.3.     Financial (As per availability)

15.1.1.4.     Key Market Focus

15.1.1.5.     Recent Development

15.1.1.6.     Key Management Personnel

15.1.2.              Compass Group USA, Inc.

15.1.2.1.     Company Details

15.1.2.2.     Services

15.1.2.3.     Financial (As per availability)

15.1.2.4.     Key Market Focus

15.1.2.5.     Recent Development

15.1.2.6.     Key Management Personnel

15.1.3.              McDonald's USA LLC

15.1.3.1.     Company Details

15.1.3.2.     Services

15.1.3.3.     Financial (As per availability)

15.1.3.4.     Key Market Focus

15.1.3.5.     Recent Development

15.1.3.6.     Key Management Personnel

15.1.4.              Sodexo, Inc.

15.1.4.1.     Company Details

15.1.4.2.     Services

15.1.4.3.     Financial (As per availability)

15.1.4.4.     Key Market Focus

15.1.4.5.     Recent Development

15.1.4.6.     Key Management Personnel

15.1.5.              Yum! Brands, Inc.

15.1.5.1.     Company Details

15.1.5.2.     Financial (As per availability)

15.1.5.3.     Key Market Focus

15.1.5.4.     Recent Development

15.1.5.5.     Key Management Personnel

15.1.6.              ARAMARK Corporation

15.1.6.1.     Company Details

15.1.6.2.     Services

15.1.6.3.     Company Details

15.1.6.4.     Services

15.1.6.5.     Financial (As per availability)

15.1.6.6.     Key Market Focus

15.1.6.7.     Recent Development

15.1.6.8.     Key Management Personnel

15.1.7.              Starbucks Corporation

15.1.7.1.     Company Details

15.1.7.2.     Services

15.1.7.3.     Financial (As per availability)

15.1.7.4.     Key Market Focus

15.1.7.5.     Recent Development

15.1.7.6.     Key Management Personnel

15.1.8.              Brands International, Inc.

15.1.8.1.     Company Details

15.1.8.2.     Services

15.1.8.3.     Financial (As per availability)

15.1.8.4.     Key Market Focus

15.1.8.5.     Recent Development

15.1.8.6.     Key Management Personnel

15.1.9.              Domino’s Pizza, Inc.

15.1.9.1.     Company Details

15.1.9.2.     Services

15.1.9.3.     Financial (As per availability)

15.1.9.4.     Key Market Focus

15.1.9.5.     Recent Development

15.1.9.6.     Key Management Personnel

15.1.10.            MTY Food Group Inc.

15.1.10.1.   Services

15.1.10.2.   Financial (As per availability)

15.1.10.3.   Key Market Focus

15.1.10.4.   Recent Development

15.1.10.5.   Key Management Personnel

16.  Strategic Recommendations/Action Plan

16.1.   Key Focus Areas

16.2.   Target Type

16.3.   Target Ownership

17.  About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

down-arrow

Quick-service restaurants provide fast and convenient meals, often with limited table service. They typically offer a menu of standardized, inexpensive items and are known for their efficiency.

down-arrow

The emerging trends of Food Service in the United States include digitalization of the food service market, surging marketing strategies, and customization and Personalization of meals.

down-arrow

The key factors driving the United States food service market are the diversification of multiple cuisines, increasing purchasing power, and a shift toward convenience.

down-arrow

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., and MTY Food Group Inc. are some of the major players operating in the market.

Related Reports

profile

Parvati Sharma

Account Manager BD
Press Release

United States Food Service Market to be Led by Quick Service Restaurants Segment

Aug, 2023

The growing trend of digitalization of food service and the availability of diverse cuisines are the leading factors expected to drive the United States food service market during the forecast period

Why Choose Us