Foodservice Market size in the US to grow by USD 2.06 billion from 2022 to 2027; Growth driven by the growing need for automated medical transcripts – Technavio

NEW YORK, May 31, 2023 /PRNewswire/ — The foodservice market 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. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by Increased snacking and indulgence consumption. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and the forecast period (2023-2027). Download Sample Report in minutes!

The report on the food service market in the US provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Foodservice Market In US 2023-2027 – Market Dynamics

Market Drivers

  • Increased snacking and indulgence consumption
  • Increasing demand for allergen-free dining
  • Changing lifestyles of consumers

Market Trends

  • Highly diverse population indulging in ethnic cuisine
  • The growing number of strategic alliances
  • Increasing demand for gluten-free fast foods

Market Challenges

  • Rising competition from the unorganized fast food sector
  • Potential food contamination
  • Increase the rate of at-home cooking

Foodservice Market In the US 2023-2027: Market Segmentation

The food service market analysis in the US is segmented by type (fast food service, restaurant, cafes and bars, delivery and takeaway, and others), and solution (conventional, centralized, ready prepared, and assembly-serve).

The market share growth by the fast food service segment will be significant during the forecast period. The fast food service segment was valued at USD 250.89 billion in 2017 and continued to grow until 2021. It is anticipated that the availability of non-vegetarian food products in a range of fast food items, such as pizzas, burgers, subways, and sandwiches, will significantly fuel the segment’s development during the forecast period.

Insights on the market contribution of various segments, including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027). View Sample Report

The foodservice market in the US covers the following areas:

Foodservice Market In US Sizing
Foodservice Market In US Forecast
Foodservice Market In US Analysis

Companies Mentioned

  • 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.
  • YUM Brands Inc.

dairyqueen.com– The company offers food services that includes hamburgers, chicken nuggets, fresh made salads, fries and different sides.

chick-fil-a.com– The company offers food services

chipotle.com– The company offers food services that includes signature burgers, gourmet chicken burgers, classic burgers and different other combos.

Related Reports:

Mobile Food Services Market– The mobile food services (MFS) market size is estimated to grow at a CAGR of 8.84% between 2022 and 2027. The market size is forecast to increase by USD 15.04 billion

Dining out Market– The dining out market size is estimated to grow at a CAGR of 53.21% between 2022 and 2027. The dining out market size is forecast to increase by USD 9,365.88 billion

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Foodservice Market In US Scope

Report Coverage

Details

Base year

2022

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

Performing market contribution

North America at 100%

Key countries

US and North America

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.

Key Topics Covered:

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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Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/foodservice-market-size-in-the-us-to-grow-by-usd-2-06-billion-from-2022-to-2027-growth-driven-by-the-growing-need-for-automated-medical-transcripts–technavio-301836995.html
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