Americas Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Americas Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Summary

“Americas Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the Americas Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

Total revenue in the Americas profit sector reached $1.3 trillion in 2022, showing gradual growth with a compound annual growth rate (CAGR) of only 1.5% from 2017-22. The economic slowdown during 2021 and 2022, together with high inflation, impacted foodservice sales. The QSR channel registered the highest sales rise at 3.8%, followed by the mobile operator channel, during 2017-22. The Americas coffee & tea shop channel generated value sales of $72.6 billion in 2022. Its value sales declined at a negative CAGR of 0.4% during 2017-22.

The report includes -

• Overview of Americas' macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Americas foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Americas foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Americas population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• In 2022, QSR was the largest foodservice channel, holding a value share of 39.8%, followed by FSR with 33.3%. QSR was favored by price-sensitive consumers on account of its affordable food and drink options.
• The Americas foodservice sector recorded value sales of $1.3 trillion in 2022, yielding a CAGR of 1.5% during 2017-22. The number of transactions registered a CAGR of 0.2%, while the outlet count declined at a negative CAGR of 0.4%.
• During 2017-22, the pub, club & bar channel registered a steep decline, with value sales contracting at a negative CAGR of 8.3%, due to limited footfall owing to COVID-19 restrictions. The QSR channel registered the highest CAGR at 3.8%.
• During 2017-22, takeout and delivery services registered a CAGR of 7%. Meanwhile, dine-in services declined at a negative CAGR of 1.9%.
• Consumers prefer low-cost menu items, as they are influenced by the products’ alignment with their time and money constraints. QSR operators should prioritize offering competitively priced products to meet these consumers’ needs.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.