Foodservice Market size in the US to grow at a CAGR of 6.25% from 2022 to 2027, The increasing demand for allergen-free dining to drive the market growth – Technavio

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:

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 
    • Fast Foodservice
    • Restaurant
    • Cafes And Bars
    • Delivery And Takeaway
    • Others

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. 

To learn more about all the listed market segments and their key analysis, request a sample report!

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 RussiaUkraine 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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Foodservice Market In US Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.25%

Market growth 2023-2027

USD 290.55 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.07

Regional analysis

US

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 11: Chart on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 12: Data Table on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
    • Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Foodservice market in US 2017 – 2021 
    • Exhibit 15: Historic Market Size – Data Table on Foodservice market in US 2017 – 2021 ($ billion)
  • 4.2 Type Segment Analysis 2017 – 2021 
    • Exhibit 16: Historic Market Size – Type Segment 2017 – 2021 ($ billion)
  • 4.3 Solution Segment Analysis 2017 – 2021 
    • Exhibit 17: Historic Market Size – Solution Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 25: Chart on Type – Market share 2022-2027 (%)
    • Exhibit 26: Data Table on Type – Market share 2022-2027 (%)
  • 6.2 Comparison by Type
    • Exhibit 27: Chart on Comparison by Type
    • Exhibit 28: Data Table on Comparison by Type
  • 6.3 Fast foodservice – Market size and forecast 2022-2027 
    • Exhibit 29: Chart on Fast foodservice – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 30: Data Table on Fast foodservice – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 31: Chart on Fast foodservice – Year-over-year growth 2022-2027 (%)
    • Exhibit 32: Data Table on Fast foodservice – Year-over-year growth 2022-2027 (%)
  • 6.4 Restaurant – Market size and forecast 2022-2027 
    • Exhibit 33: Chart on Restaurant – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 34: Data Table on Restaurant – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Chart on Restaurant – Year-over-year growth 2022-2027 (%)
    • Exhibit 36: Data Table on Restaurant – Year-over-year growth 2022-2027 (%)
  • 6.5 Cafes and bars – Market size and forecast 2022-2027 
    • Exhibit 37: Chart on Cafes and bars – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 38: Data Table on Cafes and bars – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Chart on Cafes and bars – Year-over-year growth 2022-2027 (%)
    • Exhibit 40: Data Table on Cafes and bars – Year-over-year growth 2022-2027 (%)
  • 6.6 Delivery and takeaway – Market size and forecast 2022-2027 
    • Exhibit 41: Chart on Delivery and takeaway – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 42: Data Table on Delivery and takeaway – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 43: Chart on Delivery and takeaway – Year-over-year growth 2022-2027 (%)
    • Exhibit 44: Data Table on Delivery and takeaway – Year-over-year growth 2022-2027 (%)
  • 6.7 Others – Market size and forecast 2022-2027 
    • Exhibit 45: Chart on Others – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 46: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 47: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 48: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by Type 
    • Exhibit 49: Market opportunity by Type ($ billion)
    • Exhibit 50: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Solution

  • 7.1 Market segments
    • Exhibit 51: Chart on Solution – Market share 2022-2027 (%)
    • Exhibit 52: Data Table on Solution – Market share 2022-2027 (%)
  • 7.2 Comparison by Solution 
    • Exhibit 53: Chart on Comparison by Solution
    • Exhibit 54: Data Table on Comparison by Solution
  • 7.3 Conventional – Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Conventional – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Conventional – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Conventional – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Conventional – Year-over-year growth 2022-2027 (%)
  • 7.4 Centralized – Market size and forecast 2022-2027 
    • Exhibit 59: Chart on Centralized – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 60: Data Table on Centralized – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 61: Chart on Centralized – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Centralized – Year-over-year growth 2022-2027 (%)
  • 7.5 Ready prepared – Market size and forecast 2022-2027 
    • Exhibit 63: Chart on Ready prepared – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 64: Data Table on Ready prepared – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 65: Chart on Ready prepared – Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Ready prepared – Year-over-year growth 2022-2027 (%)
  • 7.6 Assembly-serve – Market size and forecast 2022-2027 
    • Exhibit 67: Chart on Assembly-serve – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 68: Data Table on Assembly-serve – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 69: Chart on Assembly-serve – Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Assembly-serve – Year-over-year growth 2022-2027 (%)
  • 7.7 Market opportunity by Solution 
    • Exhibit 71: Market opportunity by Solution ($ billion)
    • Exhibit 72: Data Table on Market opportunity by Solution ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 74: Impact of drivers and challenges in 2022 and 2027
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 75: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 76: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 77: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 78: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 79: Matrix on vendor position and classification
  • 11.3 American Dairy Queen Corp. 
    • Exhibit 80: American Dairy Queen Corp. – Overview
    • Exhibit 81: American Dairy Queen Corp. – Product / Service
    • Exhibit 82: American Dairy Queen Corp. – Key offerings
  • 11.4 Chick fil A Inc.
    • Exhibit 83: Chick fil A Inc. – Overview
    • Exhibit 84: Chick fil A Inc. – Product / Service
    • Exhibit 85: Chick fil A Inc. – Key offerings
  • 11.5 Chipotle Mexican Grill Inc. 
    • Exhibit 86: Chipotle Mexican Grill Inc. – Overview
    • Exhibit 87: Chipotle Mexican Grill Inc. – Product / Service
    • Exhibit 88: Chipotle Mexican Grill Inc. – Key news
    • Exhibit 89: Chipotle Mexican Grill Inc. – Key offerings
  • 11.6 CKE Restaurants Holdings Inc. 
    • Exhibit 90: CKE Restaurants Holdings Inc. – Overview
    • Exhibit 91: CKE Restaurants Holdings Inc. – Product / Service
    • Exhibit 92: CKE Restaurants Holdings Inc. – Key offerings
  • 11.7 Dominos Pizza Inc.
    • Exhibit 93: Dominos Pizza Inc. – Overview
    • Exhibit 94: Dominos Pizza Inc. – Business segments
    • Exhibit 95: Dominos Pizza Inc. – Key news
    • Exhibit 96: Dominos Pizza Inc. – Key offerings
    • Exhibit 97: Dominos Pizza Inc. – Segment focus
  • 11.8 Inspire Brands Inc.
    • Exhibit 98: Inspire Brands Inc. – Overview
    • Exhibit 99: Inspire Brands Inc. – Product / Service
    • Exhibit 100: Inspire Brands Inc. – Key offerings
  • 11.9 Jack in the Box Inc.
    • Exhibit 101: Jack in the Box Inc. – Overview
    • Exhibit 102: Jack in the Box Inc. – Product / Service
    • Exhibit 103: Jack in the Box Inc. – Key offerings
  • 11.10 Marcos Franchising LLC 
    • Exhibit 104: Marcos Franchising LLC – Overview
    • Exhibit 105: Marcos Franchising LLC – Product / Service
    • Exhibit 106: Marcos Franchising LLC – Key offerings
  • 11.11 McDonald Corp.
    • Exhibit 107: McDonald Corp. – Overview
    • Exhibit 108: McDonald Corp. – Business segments
    • Exhibit 109: McDonald Corp. – Key news
    • Exhibit 110: McDonald Corp. – Key offerings
    • Exhibit 111: McDonald Corp. – Segment focus
  • 11.12 MTY Food Group Inc.
    • Exhibit 112: MTY Food Group Inc. – Overview
    • Exhibit 113: MTY Food Group Inc. – Business segments
    • Exhibit 114: MTY Food Group Inc. – Key offerings
    • Exhibit 115: MTY Food Group Inc. – Segment focus
  • 11.13 Papa Johns International Inc. 
    • Exhibit 116: Papa Johns International Inc. – Overview
    • Exhibit 117: Papa Johns International Inc. – Business segments
    • Exhibit 118: Papa Johns International Inc. – Key offerings
    • Exhibit 119: Papa Johns International Inc. – Segment focus
  • 11.14 Restaurant Brands International Inc. 
    • Exhibit 120: Restaurant Brands International Inc. – Overview
    • Exhibit 121: Restaurant Brands International Inc. – Business segments
    • Exhibit 122: Restaurant Brands International Inc. – Key news
    • Exhibit 123: Restaurant Brands International Inc. – Key offerings
    • Exhibit 124: Restaurant Brands International Inc. – Segment focus
  • 11.15 Starbucks Corp.
    • Exhibit 125: Starbucks Corp. – Overview
    • Exhibit 126: Starbucks Corp. – Business segments
    • Exhibit 127: Starbucks Corp. – Key news
    • Exhibit 128: Starbucks Corp. – Key offerings
    • Exhibit 129: Starbucks Corp. – Segment focus
  • 11.16 The Wendys Co.
    • Exhibit 130: The Wendys Co. – Overview
    • Exhibit 131: The Wendys Co. – Business segments
    • Exhibit 132: The Wendys Co. – Key offerings
    • Exhibit 133: The Wendys Co. – Segment focus
  • 11.17 YUM Brands Inc.
    • Exhibit 134: YUM Brands Inc. – Overview
    • Exhibit 135: YUM Brands Inc. – Business segments
    • Exhibit 136: YUM Brands Inc. – Key news
    • Exhibit 137: YUM Brands Inc. – Key offerings
    • Exhibit 138: YUM Brands Inc. – Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 139: Inclusions checklist
    • Exhibit 140: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 141: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 142: Research methodology
    • Exhibit 143: Validation techniques employed for market sizing
    • Exhibit 144: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 145: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/foodservice-market-size-in-the-us-to-grow-at-a-cagr-of-6-25-from-2022-to-2027–the-increasing-demand-for-allergen-free-dining-to-drive-the-market-growth—technavio-301805733.html
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