Americas Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

Americas Foodservice Market Report Overview

The Americas profit sector recorded sales of $1.3 trillion in 2022 and is forecast to record a CAGR of over 5% during 2022-2027. The Americas foodservice industry is leveraging technology to improve the way it operates. For instance, in Canada, Restaurants Canada, a not-for-profit representative body, announced in 2022 that it would develop the first metaverse marketplace for the industry. The project, called 365 Marketplace, will be developed in partnership with Nextech AR Solutions.

Americas Foodservice Profit Sector Outlook 2022-2027, (USD Trillion)

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The Americas’ foodservice market research report provides extensive insight and analysis of the market during the historical and forecast periods and acts as a vital point of reference for operators or suppliers. The report includes an overview of Americas’ macro-economic landscape, growth dynamics, customer segmentation, and an overview of the market leaders. The report also includes details of profit sector channels, outlet types and owner types of restaurants, and the latest developments within the foodservice market.

Americas Foodservice Market Trends

• The sustainability trend gettingprominent in the Americas. Young consumers are at the forefront of the movement towards “sustainable eating” and “mindful drinking”, signifying a shift in consumer behavior from mere reduction or elimination of certain elements to a more proactive preference for healthy food and beverages.
• The popularity of food delivery and takeout services, particularly when ordered through third-party apps, has risen substantially in the Americas. Third-party apps have provided an extensive array of restaurant choices and streamlined ordering processes. This shift in consumer behavior has had a lasting impact on the restaurant industry, leading many establishments to expand their delivery and takeout services to meet the increasing demand.

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Americas Foodservice Market Segmentation by Profit Sector Channels

QSR was the largest profit sector channel in 2022.

The key profit sector channels in the Americas foodservice market are QSR, FSR, retail, coffee & tea shop, accommodation, pub, club & bar, leisure, and workplace among others. QSR was favored by price-sensitive consumers on account of its affordable food and drink options. The number of transactions increased in 2022 due to the rising preference for fast-food options among consumers. Channel sales are expected to grow due to the greater popularity of takeout and home delivery services after the pandemic broke out.

Americas Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

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Americas Foodservice Market Segmentation by Cost Sector Channels

The key cost sector channels in the Americas foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. Education was the largest cost sector in 2022, healthcare, and military & civil defense.

Americas Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

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Americas Foodservice Market – Competitive Landscape

McDonald’s was the largest QSR operator in the country.

Some of the key foodservice companies in Americas are:

• McDonald’s
• Yum! Brands
• CFA Properties
• Darden Restaurants
• Dine Brands Global

Yum! Brands and CFA Properties were the second and third largest QSR operators in Americas respectively.

Americas Foodservice Market Analysis by Competitors

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Americas Foodservice Market – Latest Developments

• McDonald’s claims to be promoting sustainable practices in its daily operations to reduce its overall carbon footprint. In October 2022, McDonald’s Canada announced that it was testing Kenworth tractors fueled by renewable natural gas (RNG) in British Columbia. The operator did this in collaboration with Martin Brower, its distribution partner, to explore the possibility of using RNG power in its supply chain.
• In November 2022, Dunkin’ added new holiday season items to its menu in the US, which included Cookie Butter Cold Brew, Cookie Butter Donut, and Pancake Wake-Up Wrap. The chain also reintroduced Free Coffee Mondays for Dunkin’ Rewards members for the holiday season.

Segments Covered in the Report

Americas Foodservice Market Outlook by Profit Sector Channel (Value USD Trillion, 2017-2027)

• Full-service Restaurants (FSR)
• Quick-service Restaurants (QSR)
• Pub, Club & Bar
• Coffee & Tea Shop
• Retail
• Accommodation
• Workplace
• Leisure
• Ice Cream Parlor
• Travel
• Mobile Operator

Americas Foodservice Market Outlook by Cost Sector Channels (Value, USD Trillion, 2017-2027)

• Military & Civil Defense
• Healthcare
• Education
• Welfare & Services
• Complimentary Services

Scope

The report includes –

• Overview of Americas’ macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Americas foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Americas foodservice market, including the value of the market, number of transactions, number of outlets, and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Americas population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers to understand the wants and needs of their target demographics.