United States of America (USA) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

United States of America (USA) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“United States of America (USA) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the US Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The overall value of the US foodservice profit sector grew at a CAGR of 1% during 2016-21, reaching $909.3 billion in 2021. This growth was due to a substantial increase in sales from the restaurant channels, QSR and FSR. However, take-away transactions representing a significant percentage of revenue in restaurant channels, recorded a strong growth in QSR and FSR during 2016-21. QSR remained the largest foodservice channel in terms of value sales. Moreover, owing to a rise in take-away sales, the channel recorded value growth during 2016-21.

The report includes -

• Overview of US’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the US's 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 US’s 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 US population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

• The US foodservice profit sector generated a total revenue of $909.3 billion in 2021, growing marginally at a CAGR of 1% from $863.2 billion in 2016. This growth was driven by increase in sales through the QSR and FSR channels. However, the growth remained subdued due to low growth in transaction count during 2016-21, which grew slightly at a CAGR of 0.6%.
• QSR was the largest channel in the foodservice profit sector in 2021, with a 42.6% share of sales. FSR was the second-largest channel, accounting for 32.9% of the overall value in 2021. Retail was the third-largest channel in the US’s foodservice profit sector in 2021, with a share of 7.5%, followed by coffee & tea shop and accommodation channels, with shares of 4.8% and 4.1%.
• Deliveries and take-aways played a significant role in the sector during 2020 and 2021 leading to the overall marginal growth during 2016-21. Take-away sales grew at a CAGR of 4.3% during 2016-21, while dine-in sales grew at a CAGR of 0.02%.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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.