Food services market size grows by $157.03 billion | Market Insights highlights increased snacking and permissive consumption as a major driver | Technavio |

New YorkAnd January 3, 2022 /PRNewswire/ – According to a research report “US Foodservice Market by Type and Foodservice System – Forecast and Analysis 2021-2025”, the market will witness 62.00% annual growth in 2021 at a compound annual growth rate of 2.50% during the forecast period. Moreover, this report extensively covers the market segmentation by type (Fast Food Service, Restaurants, Cafes & Bars, Delivery & Takeaway, etc) and Food Service System (Conventional, Central, Takeaway, and Pick-up Service).

For more insights into YOY and CAGR, read our free sample report

Seller Insights

US foodservice market size is fragmented and is expected to remain fragmented as vendors deploy various organic and inorganic growth strategies to occupy the foodservice market share.

changing economic conditions. consumer buying patterns; Consumer tastes: regional, national and local economic conditions; Demographic trends affect consumer living standards and sellers’ business operations. Market suppliers should focus more on the growth prospects of the fast-growing sector while maintaining their positions in slow-growing sectors to make the most of the opportunity.

Profiles provide information on key companies’ production, competitive landscape, sustainability, and outlook, including:

  • Chick-fil-A Inc.
  • Doctor Associates LLC
  • Dunkin Brands Group Inc.
  • McDonald’s Corp.
  • Brands International Inc. Restaurant
  • Starbucks Corporation.
  • Tasty! Brands Inc.

Find out more highlights about vendor growth strategies and their product offerings, Read a free sample report.

Geographical market analysis

According to our research report, the US will contribute 100% to the growth of the global market and is expected to dominate the market until 2025. The US food service market size is divided into two branches, fast-growing regions, and slow-growing regions. The increase in the number of fast food restaurants significantly leads to the growth of the food service market in the fast-growing regions. The fast-growing food service market is driven by new technological advances. Food service operators are increasingly relying on smartphone technology to promote their establishments and to help rate online orders. The overall food service market in the United States is expected to grow at a moderate rate during the forecast period.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions. https://www.technavio.com/report/foodservice-market-in-us-industry-analysis

Major Sector Analysis

The traditional food service systems segment is expected to witness a steady growth in demand during the forecast period. Traditional food service vendors ensure that food is freshly prepared and customized according to customers’ desire. Before serving food to consumers, food is kept in containers for a short time. Schools, universities, restaurants and cafeterias are among the places where this food service system is implemented.

The main driver of a traditional food service system is:

  • Good quality food, prepared on site
  • Flexibility in the menu
  • Food is served immediately after preparation

Free sample offer: To learn more highlights and key points about different market segments and their impact in the coming years.

Key Market Drivers and Trends:

Significantly increased snacking and indulgent consumption is driving the growth of the food service market in the United States as many consumers are replacing their routine meals with snacks and snacks on the go. Vendors in the United States widely offer healthy food options, such as cakes, breads, rolls, pies, sandwiches, and other similar breakfast items that include healthy ingredients.

Although consumers are becoming more health conscious and prefer healthy snacks, the demand for premium types of foods such as cakes, cakes, biscuits and pastries is steadily increasing. Other factors driving the food service market in the United States are changing consumer lifestyles and increasing demand for allergen-free food. Moreover, the demand for gluten-free restaurants and eateries is increasing from various consumer circles, especially from people with celiac disease. Thus, eating allergen-free food will fuel the US food service market during the forecast period.

Download Free Sample To highlight market influencing factors and trends affecting the US food service market.

Customize your report

Don’t miss the chance to speak to our analyst and learn more insights about this market report. Our analysts can also help you customize this report according to your needs. Analysts and industry experts will work directly with you to understand your requirements and provide you with personalized data in a short period of time.

we offer 1,000 USD Worth free customization at time of purchase. Talk to our analyst now!

Related Reports:

Food delivery market in India By order status and payment method – forecasting and analysis 2022-2026

The food service market in the United States

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of 4%

Market Growth 2021-2025

$157.03 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

2.50

Regional Analysis

we

Market share performance

USA 100%

Main consuming countries

we

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Chick-fil-A Inc. and Doctors Associates LLC and Dunkin Brands Group Inc. and McDonald Corp. and Restaurant Brands International Inc. and Starbucks Corp. And YUM! Brands Inc.

market dynamics

Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID 19 and future consumer dynamics, Market status analysis for the forecast period,

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

about us:

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations 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 current and potential markets and to assess their competitive positions within changing market scenarios. .

Call

Technavio Research

Jesse Maeda

Marketing and Media Executive

United States: +1844364 1100

United Kingdom: +44 203893 3200

Email: media@technavio.com

Website: www.technavio.com/

View original content for multimedia download: https://www.prnewswire.com/news-releases/foodservice-market-size-to-grow-by-usd-157-03-billion-market-insights-highlights-the- – Increase-consumption-snacks-and-indulgence-as a main driver- technavio-301452244.html

The source is Technavio

.

Leave a Comment