Foodservice Market in US 2024-2028

Foodservice Market In US 2024-2028

The foodservice market in US is forecasted to grow by USD 2365.2 mn during 2023-2028, accelerating at a CAGR of 30.32% during the forecast period. The report on the foodservice market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased snacking and indulgence consumption, rising demand for allergen-free dining, and changing lifestyles of consumers.

Technavio's foodservice market in US is segmented as below:

By Type

• Fast foodservice
• Restaurant
• Cafes and bars
• Delivery and takeaway
• Others

By Solution

• Conventional
• Centralized
• Ready prepared
• Assembly-serve

By Sector

• Commercial
• Non-commercial

This study identifies the highly diverse population indulging in ethnic cuisine as one of the prime reasons driving the foodservice market in US growth during the next few years. Also, increasing demand for gluten-free fast foods and rise of virtual kitchens and ghost kitchens will lead to sizable demand in the market.

The report on the foodservice market in US covers the following areas:

• Foodservice market in US sizing
• Foodservice market in US forecast
• Foodservice market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading foodservice market in US vendors that include American Dairy Queen Corp., Chick fil A 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., Pret A Manger, Raising Canes Restaurants LLC, Restaurant Brands International Inc., Shamrock Foods Co., Starbucks Corp., Sysco Corp., The Subway Group, The Wendys Co., Wingstop Inc., YUM Brands Inc., and Penn Station Inc.. Also, the foodservice market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth."