Foodservice Market Size to grow by USD 269.04 BN | Market Insights highlights the increased snacking and indulgence consumption as a key driver | Technavio

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Jul 07, 2022, 19:40 ET

NEW YORK, July 7, 2022 /PRNewswire/ -- According to the research report "Foodservice Market in the US by Type and Foodservice System - Forecast and Analysis", the market will witness a YOY growth of 5.9% in 2022 at a CAGR of 6.14% during the forecast period.

The foodservice market in US research report has been broadly categorized into the following demographic segmentations:

Technavio has announced its latest market research report titled Foodservice Market in US by Type and Foodservice System - Forecast and Analysis 2022-2026

Type - Fast food service, restaurant, cafes and bars, delivery and take away, and others
Service type - Conventional, centralized, ready-prepared, and assembly-serve

For more insights on YOY and CAGR, Read Sample Report

Vendor Insights

The foodservice market size in the US is fragmented and it is expected to remain fragmented as the vendors are deploying various organic and inorganic growth strategies to occupy the foodservice market share.

The changing economic conditions, consumer purchase patterns, consumer tastes: regional, national, and local economic conditions, and demographic trends affect the consumer living standards and the business operations of vendors. Market suppliers should focus more on the fast-growing segment's growth prospects while preserving their positions in the slow-growing sectors to make the most of the opportunity.

The profiles offer information on the main companies' production, competitive landscape, sustainability, and prospects, including:

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

Find additional highlights on the growth strategies adopted by vendors and their product
offerings, Read Sample Report.

Geographical Market Analysis

According to our research report, the US will contribute 100% of the global market growth and is expected to dominate the market through 2026. The foodservice market size in the US is bifurcated into two branches - fast-growing regions and slow-growing regions.

The increase in the number of fast-casual restaurants is notably driving the foodservice market growth in fast-growing regions. The fast-growing foodservice market is being driven by new technological advances.

Foodservice operators are increasingly relying on smartphone technology to promote their establishments and to help the rate of online orders. The overall foodservice market in the US is expected to grow at a moderate rate during the forecast period.

Know more about this market's geographical distribution along with a detailed analysis
of the top regions. Request for Sample Report Now!

Key Segment Analysis

The conventional foodservice system segment is expected to witness steady demand growth during the forecast period. Conventional foodservice vendors ensure that the food is freshly prepared and customized according to customers' liking. Before being served to consumers, the 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 key driver for conventional food service system is:

Good quality food, as it is prepared on-site
Flexibility in the menu
Foods are served right after preparation

View Sample: to know additional highlights and key points on various market segments
and their impact in coming years.

Key Market Drivers & Trends:

Increased snacking and indulgence consumption is notably driving the foodservice market growth in the US as many consumers are replacing their routine meals with on-the-go snacks and light meals. Vendors in the US are extensively offering healthy food options, such as doughnuts, bread, rolls, pies, sandwiches, and other similar products for breakfast that include healthy ingredients.

Though consumers have become more health-conscious and prefer healthy snacks, the demand for premium food kinds such as premium doughnuts, cakes, cookies, and pastries has been steadily increasing. The other factors driving the foodservice market in the US are changing lifestyles of consumers and increasing demand for allergen-free dining.

Furthermore, the demands for gluten-free restaurants and eateries are increasing from different consumer quarters, especially from people affected with celiac disease. Thus, allergen-free dining will fuel the foodservice market in the US during the forecast period.

Download sample for highlights on market Drivers & Trends affecting the foodservice
market in the US.

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Specialty Coffee Shops Market by Type and Geographic Landscape - Forecast and Analysis 2022-2026

Foodservice Market Scope in US
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.14%
Market growth 2022-2026	$ 269.04 billion
Market structure	Fragmented
YoY growth (%)	5.9
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Chick-fil-A Inc., Doctors Associates LLC, Dunkin Brands Group Inc., McDonald Corp., Restaurant Brands International Inc., Starbucks Corp., and YUM! Brands Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Country Market Characteristics
Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
Exhibit 05: Executive Summary – Chart on Market Segmentation by Service Type
Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 09: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 10: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 15: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments

Exhibit 22: Chart on Type - Market share 2021-2026 (%)
Exhibit 23: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type

Exhibit 24: Chart on Comparison by Type
Exhibit 25: Data Table on Comparison by Type

5.3 Fast foodservice - Market size and forecast 2021-2026

Exhibit 26: Chart on Fast foodservice - Market size and forecast 2021-2026 ($ billion)
Exhibit 27: Data Table on Fast foodservice - Market size and forecast 2021-2026 ($ billion)
Exhibit 28: Chart on Fast foodservice - Year-over-year growth 2021-2026 (%)
Exhibit 29: Data Table on Fast foodservice - Year-over-year growth 2021-2026 (%)

5.4 Restaurant - Market size and forecast 2021-2026

Exhibit 30: Chart on Restaurant - Market size and forecast 2021-2026 ($ billion)
Exhibit 31: Data Table on Restaurant - Market size and forecast 2021-2026 ($ billion)
Exhibit 32: Chart on Restaurant - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Restaurant - Year-over-year growth 2021-2026 (%)

5.5 Cafes and bars - Market size and forecast 2021-2026

Exhibit 34: Chart on Cafes and bars - Market size and forecast 2021-2026 ($ billion)
Exhibit 35: Data Table on Cafes and bars - Market size and forecast 2021-2026 ($ billion)
Exhibit 36: Chart on Cafes and bars - Year-over-year growth 2021-2026 (%)
Exhibit 37: Data Table on Cafes and bars - Year-over-year growth 2021-2026 (%)

5.6 Delivery and takeaway - Market size and forecast 2021-2026

Exhibit 38: Chart on Delivery and takeaway - Market size and forecast 2021-2026 ($ billion)
Exhibit 39: Data Table on Delivery and takeaway - Market size and forecast 2021-2026 ($ billion)
Exhibit 40: Chart on Delivery and takeaway - Year-over-year growth 2021-2026 (%)
Exhibit 41: Data Table on Delivery and takeaway - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 42: Chart on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Type

Exhibit 46: Market opportunity by Type ($ billion)

6 Market Segmentation by Service Type

6.1 Market segments

Exhibit 47: Chart on Service Type - Market share 2021-2026 (%)
Exhibit 48: Data Table on Service Type - Market share 2021-2026 (%)

6.2 Comparison by Service Type

Exhibit 49: Chart on Comparison by Service Type
Exhibit 50: Data Table on Comparison by Service Type

6.3 Conventional - Market size and forecast 2021-2026

Exhibit 51: Chart on Conventional - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Data Table on Conventional - Market size and forecast 2021-2026 ($ billion)
Exhibit 53: Chart on Conventional - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on Conventional - Year-over-year growth 2021-2026 (%)

6.4 Centralized - Market size and forecast 2021-2026

Exhibit 55: Chart on Centralized - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Data Table on Centralized - Market size and forecast 2021-2026 ($ billion)
Exhibit 57: Chart on Centralized - Year-over-year growth 2021-2026 (%)
Exhibit 58: Data Table on Centralized - Year-over-year growth 2021-2026 (%)

6.5 Ready-prepared - Market size and forecast 2021-2026

Exhibit 59: Chart on Ready-prepared - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Data Table on Ready-prepared - Market size and forecast 2021-2026 ($ billion)
Exhibit 61: Chart on Ready-prepared - Year-over-year growth 2021-2026 (%)
Exhibit 62: Data Table on Ready-prepared - Year-over-year growth 2021-2026 (%)

6.6 Assembly-serve - Market size and forecast 2021-2026

Exhibit 63: Chart on Assembly-serve - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Data Table on Assembly-serve - Market size and forecast 2021-2026 ($ billion)
Exhibit 65: Chart on Assembly-serve - Year-over-year growth 2021-2026 (%)
Exhibit 66: Data Table on Assembly-serve - Year-over-year growth 2021-2026 (%)

6.7 Market opportunity by Service Type

Exhibit 67: Market opportunity by Service Type ($ billion)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 69: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 70: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 71: Overview on factors of disruption

9.4 Industry risks

Exhibit 72: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 73: Vendors covered

10.2 Market positioning of vendors

Exhibit 74: Matrix on vendor position and classification

10.3 Chick fil A Inc.

Exhibit 75: Chick fil A Inc. - Overview
Exhibit 76: Chick fil A Inc. - Product / Service
Exhibit 77: Chick fil A Inc. - Key offerings

10.4 Dominos Pizza Inc.

Exhibit 78: Dominos Pizza Inc. - Overview
Exhibit 79: Dominos Pizza Inc. - Business segments
Exhibit 80: Dominos Pizza Inc. - Key news
Exhibit 81: Dominos Pizza Inc. - Key offerings
Exhibit 82: Dominos Pizza Inc. - Segment focus

10.5 Inspire Brands Inc.

Exhibit 83: Inspire Brands Inc. - Overview
Exhibit 84: Inspire Brands Inc. - Product / Service
Exhibit 85: Inspire Brands Inc. - Key offerings

10.6 Marcos Franchising LLC

Exhibit 86: Marcos Franchising LLC - Overview
Exhibit 87: Marcos Franchising LLC - Product / Service
Exhibit 88: Marcos Franchising LLC - Key offerings

10.7 McDonald Corp.

Exhibit 89: McDonald Corp. - Overview
Exhibit 90: McDonald Corp. - Product / Service
Exhibit 91: McDonald Corp. - Key news
Exhibit 92: McDonald Corp. - Key offerings

10.8 Papa Johns International Inc.

Exhibit 93: Papa Johns International Inc. - Overview
Exhibit 94: Papa Johns International Inc. - Business segments
Exhibit 95: Papa Johns International Inc. - Key offerings
Exhibit 96: Papa Johns International Inc. - Segment focus

10.9 Restaurant Brands International Inc.

Exhibit 97: Restaurant Brands International Inc. - Overview
Exhibit 98: Restaurant Brands International Inc. - Business segments
Exhibit 99: Restaurant Brands International Inc. - Key news
Exhibit 100: Restaurant Brands International Inc. - Key offerings
Exhibit 101: Restaurant Brands International Inc. - Segment focus

10.10 Starbucks Co.

Exhibit 102: Starbucks Co. - Overview
Exhibit 103: Starbucks Co. - Business segments
Exhibit 104: Starbucks Co. - Key news
Exhibit 105: Starbucks Co. - Key offerings
Exhibit 106: Starbucks Co. - Segment focus

10.11 The Wendys Co.

Exhibit 107: The Wendys Co. - Overview
Exhibit 108: The Wendys Co. - Business segments
Exhibit 109: The Wendys Co. - Key offerings
Exhibit 110: The Wendys Co. - Segment focus

10.12 YUM Brands Inc.

Exhibit 111: YUM Brands Inc. - Overview
Exhibit 112: YUM Brands Inc. - Business segments
Exhibit 113: YUM Brands Inc. - Key news
Exhibit 114: YUM Brands Inc. - Key offerings
Exhibit 115: YUM Brands Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 116: Inclusions checklist
Exhibit 117: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 118: Currency conversion rates for US$

11.4 Research methodology

Exhibit 119: Research methodology
Exhibit 120: Validation techniques employed for market sizing
Exhibit 121: Information sources

11.5 List of abbreviations

Exhibit 122: List of abbreviations

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