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United States Food Service Market, By Type (Quick Service Restaurants (QSR)), Dining Service (Hotels, Restaurants), (Pubs, Bars, Cafй, and Lounges (PBCL)), and Others (Cafeteria, Cloud Kitchen)), By Ownership (Chained Outlets, Independent Outlets), By Region, Competition, Forecast & Opportunities, 2028

October 2023 | 82 pages | ID: U07B523E5E4DEN
TechSci Research

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United States Food Service market is expected to be driven in the anticipated period due to several factors, such as the increase in purchasing power, rising digitalization, and diversification of multiple cuisines due to increasing immigration across the country.

The term 'food service' refers to any business or organization that provides food services to individuals who are not physically present in their homes. This includes all types of establishments, such as restaurants and carryout services, cafeterias, and university dining halls. Hotels and inns are also part of the food service industry, as are rehabilitation and retirement centers.

The food service market in the United States is one of the largest and most dynamic industries in the country and is a major contributor to the nation's economic growth. The food service market consists of a broad variety of establishments that offer food service to the public, such as restaurants, cafeterias, fast-food establishments, catering services, food delivery services, pubs, bars, and institutional food services providers, such as those providing meals to schools, medical facilities, and other large-scale settings. The food service market is a major contributor to the US economy, employing millions of people in a variety of occupations, including cooks and servers, kitchen personnel, managers, and administrators.

United States Food Service Market Scope

The food service market in the United States is huge and has consistently ranked as one of the largest sectors in terms of revenue generation. The food service market significantly increased its production in 2021 and 2022, compared to the previous years, as the industry recovered from the aftereffects of COVID-19. According to a United States Department of Agriculture study, the total volume of food supplied in 2021 and 2022 amounted to approximately USD 2.11 trillion and USD 2.39 trillion, respectively. Of this total, food service establishments contributed USD 1.16 trillion in 2021 and USD 1.34 trillion in 2022. Full-service establishments provided USD 496 billion in 2021 and USD 468 billion in 2022. The food service market is influenced by changing consumer preferences and trends. In recent years, there has been a growing demand for healthier options, ethically sourced and sustainable foods, and increased interest in international cuisines.

United States Food Service Market Overview

The food service market in the United States includes a diverse array of businesses, from small independent eateries to large restaurant chains and catering companies. In 2022, the market's revenue was humongous.

The food service market caters to different consumer demands and preferences. It can be broadly categorized into several segments, including quick service restaurants (QSR), dining service (hotels and restaurants), pubs, bars, cafй, lounges (PBCL), and others, such as cafeterias and cloud kitchens.

The United States accounted for the largest share of the global food service market in 2022 and is expected to maintain its position over the next few years, based on GDP growth and food consumption trends in the country. Immigration has played a significant role in the expansion of the US food service sector, as the country’s cuisine has become increasingly integrated into the fusion of cuisines. The extensive variety of dishes available in American eateries is likely to further expand the US food service market over the next few years.

United States Food Service Market Drivers

Economic conditions play a significant role in the food service market in the United States. During periods of economic growth and prosperity, consumers tend to have higher disposable incomes, leading to increased spending on dining out and other food service offerings. In 2022, the average disposable income of an individual has reached USD 55,781 in the United States. Thus, with increasing disposable income consumers tend to spend more on food services available in the market. Conversely, during economic downturns, consumers may cut back on discretionary spending, which can affect restaurant sales.

Additionally, consumer preferences and tastes are consciously evolving. As consumers become more health-conscious, there is a growing demand for healthier menu options, organic and locally sourced ingredients, and transparency in food sourcing and preparation. The obesity rate among adults in the United States reached 40 percent in 2020. Thus, the rise of dietary trends, such as plant-based diets and gluten-free options, also influences the food service market.

United States Food Service Market Trends

The United States food service market is experiencing several trends that are shaping the industry. The adoption of technology was accelerating in the food service market. Restaurants and food service establishments were increasingly embracing digital solutions, such as online ordering platforms, mobile apps, and contactless payment options. May restaurants have introduced new technology, such as tablets on tabletop to automate the food ordering process. This trend was driven by the desire to enhance customer convenience and improve operational efficiency. The demand for delivery and takeout services was rising steadily, even before the COVID-19 pandemic. However, the pandemic further accelerated this trend as consumers sought safer dining options. Restaurants were partnering with third-party delivery services or establishing their in-house delivery capabilities to meet the growing demand.

The concept of virtual kitchens, which are delivery-only food service establishments without dine-in options, has been gaining popularity in the United States. These kitchens allowed restaurants to expand their reach without the need for a traditional brick-and-mortar location, focusing solely on delivery orders. Personalization has become a significant trend in the food service industry. Restaurants are offering customizable menus and options, allowing customers to tailor their meals according to their preferences.

United States Food Service Market Challenges

The prevalence of home-cooked meals is a major obstacle to the growth of the market. Some individuals prefer to eat in their own homes rather than going out to restaurants. This is due to the perception that eating out can be unhealthy due to the high amount of carbohydrates, sodium, and artificial additives. This increases the likelihood of developing lifestyle-related diseases, such as obesity, diabetes, and heart disease. Furthermore, taking out or ordering from a restaurant can be more expensive than home-cooked meals. Furthermore, home-cooked meals are more nutrient dense due to the use of fresh and perishable ingredients, as well as clean, uncontaminated ones. This trend is expected to impede the expansion of the market as consumers, especially younger generations, and the baby boomer generation, become increasingly health conscious. Consequently, the trend towards home-cooked meals will pose a threat to the food service market in the United States over the forecast period.

United States Food Service Market Opportunities

The United States food service market offers a variety of growth and innovation opportunities. Despite the challenges, there are several ways for restaurants and food service establishments to take advantage of evolving consumer needs and market trends. Utilizing social media and digital marketing platforms can help restaurants, cafes, hotels, and other eateries. to establish a robust online presence, interact with customers, and addition of new customers. Thus, influencer partnerships and online marketing campaigns can boost the visibility and presence of restaurants.

Furthermore, offering diverse international cuisines and fusion dishes can appeal to customers seeking unique and exotic flavors. Expanding menu options to include a variety of culinary influences can attract a broader audience. With the help of marketing and social media and the diversification of international cuisine, the United States food service market will grow at a fast rate during the forecast period.

Market Segmentation

The United States food service market is segmented based on type, end ownership, region, and competitional landscape. Based on type the market is further fragmented into quick service restaurants (QSR), dining services (hotels and restaurants), pubs, bars, cafй, and lounges (PBCL), and others, including cafeterias and cloud kitchens. Based on ownership, the market is segmented into chain outlets and independent outlets. Based on region, the market is divided into South, Midwest, Northeast, and West.

Company Profiles

Performance Food Group, Inc., Compass Group USA, Inc., McDonald's USA LLC, Sodexo, Inc., Yum! Brands, Inc., ARAMARK Corporation, Starbucks Corporation, Restaurant Brands International, Inc., Domino’s Pizza, Inc., and MTY Food Group Inc. are among the key players in the United States food service market.

Report Scope:

In this report, the United States food service market has been segmented by the following categories, in addition to the industry trends which have also been detailed below:
  • United States Food Service Market, By Type:
    • Quick Service Restaurants (QSR)
    • Dining Service (Hotels, Restaurants)
    • Pubs, Bars, Cafй, and Lounges (PBCL)
    • Others (Cafeteria, Cloud Kitchen)
  • United States Food Service Market, By Ownership:
    • Chained Outlets
    • Independent Outlets
  • United States Food Service Market, By Region:
    • South
    • Midwest
    • West
    • Northeast
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the United States food service market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Service Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments

4. VOICE OF CUSTOMER ANALYSIS

4.1. Respondent Demographics
  4.1.1. By Gender
  4.1.2. By Age
  4.1.3. By Occupation
4.2. Brand Awareness
4.3. Brand Satisfaction
4.4. Frequency of Visit

5. UNITED STATES FOOD SERVICE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Type Market Share Analysis (Quick Service Restaurants (QSR)), Dining Service (Hotels, Restaurants), Pubs, Bars, Cafй, and Lounges (PBCL)), and Others (Cafeteria, Cloud Kitchen))
  5.2.2. By Ownership Market Share Analysis (Chained Outlets, Independent Outlets)
  5.2.3. By Regional Market Share Analysis
    5.2.3.1. South Market Share Analysis
    5.2.3.2. Midwest Market Share Analysis
    5.2.3.3. West Market Share Analysis
    5.2.3.4. Northeast Market Share Analysis
  5.2.4. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. United States Food Service Market Mapping & Opportunity Assessment
  5.3.1. By Type Market Mapping & Opportunity Assessment
  5.3.2. By Ownership Market Mapping & Opportunity Assessment
  5.3.3. By Regional Market Mapping & Opportunity Assessment

6. UNITED STATES QUICK SERVICE RESTAURANTS (QSR) MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Ownership Market Share Analysis

7. UNITED STATES DINING SERVICE (HOTELS, RESTAURANTS) MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Ownership Market Share Analysis

8. UNITED STATES PUBS, BARS, CAFЙ, AND LOUNGES (PBCL) MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Ownership Market Share Analysis

9. MARKET DYNAMICS

9.1. Drivers
  9.1.1. Diversification of multiple cuisines
  9.1.2. Increasing purchasing power
  9.1.3. Shift towards convenience
9.2. Challenges
  9.2.1. High competition
  9.2.2. Prevalence of home-cooked meals

10. IMPACT OF COVID-19 ON UNITED STATES FOOD SERVICE MARKET

10.1. Impact Assessment Model
  10.1.1. Key Segments Impacted
  10.1.2. Key Regions Impacted

11. MARKET TRENDS & DEVELOPMENTS

11.1. Digitalization of the food service market
11.2. Customization and personalization of meals
11.3. Surging marketing tactics
11.4. Expansion of e-commerce channel
11.5. Demand for healthier menu options

12. SWOT ANALYSIS

12.1. Strength
12.2. Weakness
12.3. Opportunities
12.4. Threat

13. UNITED STATES ECONOMIC PROFILE


14. POLICY & REGULATORY LANDSCAPE


15. COMPETITIVE LANDSCAPE

15.1. Company Profiles
  15.1.1. Performance Food Group, Inc.
    15.1.1.1. Company Details
    15.1.1.2. Services
    15.1.1.3. Financial (As per availability)
    15.1.1.4. Key Market Focus
    15.1.1.5. Recent Development
    15.1.1.6. Key Management Personnel
  15.1.2. Compass Group USA, Inc.
    15.1.2.1. Company Details
    15.1.2.2. Services
    15.1.2.3. Financial (As per availability)
    15.1.2.4. Key Market Focus
    15.1.2.5. Recent Development
    15.1.2.6. Key Management Personnel
  15.1.3. McDonald's USA LLC
    15.1.3.1. Company Details
    15.1.3.2. Services
    15.1.3.3. Financial (As per availability)
    15.1.3.4. Key Market Focus
    15.1.3.5. Recent Development
    15.1.3.6. Key Management Personnel
  15.1.4. Sodexo, Inc.
    15.1.4.1. Company Details
    15.1.4.2. Services
    15.1.4.3. Financial (As per availability)
    15.1.4.4. Key Market Focus
    15.1.4.5. Recent Development
    15.1.4.6. Key Management Personnel
  15.1.5. Yum! Brands, Inc.
    15.1.5.1. Company Details
    15.1.5.2. Financial (As per availability)
    15.1.5.3. Key Market Focus
    15.1.5.4. Recent Development
    15.1.5.5. Key Management Personnel
  15.1.6. ARAMARK Corporation
    15.1.6.1. Company Details
    15.1.6.2. Services
    15.1.6.3. Company Details
    15.1.6.4. Services
    15.1.6.5. Financial (As per availability)
    15.1.6.6. Key Market Focus
    15.1.6.7. Recent Development
    15.1.6.8. Key Management Personnel
  15.1.7. Starbucks Corporation
    15.1.7.1. Company Details
    15.1.7.2. Services
    15.1.7.3. Financial (As per availability)
    15.1.7.4. Key Market Focus
    15.1.7.5. Recent Development
    15.1.7.6. Key Management Personnel
  15.1.8. Brands International, Inc.
    15.1.8.1. Company Details
    15.1.8.2. Services
    15.1.8.3. Financial (As per availability)
    15.1.8.4. Key Market Focus
    15.1.8.5. Recent Development
    15.1.8.6. Key Management Personnel
  15.1.9. Domino’s Pizza, Inc.
    15.1.9.1. Company Details
    15.1.9.2. Services
    15.1.9.3. Financial (As per availability)
    15.1.9.4. Key Market Focus
    15.1.9.5. Recent Development
    15.1.9.6. Key Management Personnel
  15.1.10. MTY Food Group Inc.
    15.1.10.1. Services
    15.1.10.2. Financial (As per availability)
    15.1.10.3. Key Market Focus
    15.1.10.4. Recent Development
    15.1.10.5. Key Management Personnel

16. STRATEGIC RECOMMENDATIONS/ACTION PLAN

16.1. Key Focus Areas
16.2. Target Type
16.3. Target Ownership

17. ABOUT US & DISCLAIMER

(Note: The companies list can be customized based on the client requirements.)


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