Community Food Services in the US - Industry Market Research Report

Community Food Services in the US - Industry Market Research Report

Community Food Services in the US

Community food service providers meet the needs of those with food insecurity and challenged access to food by collecting, preparing and distributing cooked and uncooked foods at community locations and homes. Industry revenue is countercyclical, meaning stressful economic times boost performance. Pre-COVID-19 was a period of declining revenue, partly in response to lower poverty and unemployment rates. COVID-19 changed the direction as increased poverty, unemployment and food insecurity boosted revenue. Individuals and families in need of services continued to seek help, while many sought assistance for the first time. Emerging from COVID-19, the economy increased employment, bringing a temporary reduction in revenues that immediately reversed to growth due to inflation pressures and government spending. Throughout this period of revenue volatility, industry-wide revenue has grown at a CAGR of 6.6% to $19.8 billion in 2023, when revenue is expected to account for 3.3% of revenue.

Industry operators collect, prepare and deliver food to the needy. This industry includes food banks, meal delivery programs and fixed and mobile soup kitchens. Generally, establishments deliver meals to persons who cannot prepare meals for themselves due to age, disability or illness. Operators may also distribute clothing and blankets. This industry excludes emergency relief services that provide food and other aid to disaster victims.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.