United States (US) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
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United States (US) Foodservice Market Report Overview
The US profit sector recorded sales of $1,087.1 billion in 2022 and is forecast to record a CAGR of over 3% during 2022-2027. This growth can be attributed to the increase in consumer demand for restaurant dining and eating outside of the home after the removal of COVID-19 restrictions was one of the major drivers of foodservice in the US.
US Foodservice Profit Sector Outlook 2022-2027, (USD Billion)
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The US foodservice market research report provides an in-depth evaluation of the foodservice market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the US foodservice market and gives an overview of market leaders within the four major channels.
Market Size (2022) | $1,087.1 billion |
CAGR (2022-2027) | >3% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Profit Sector Channels | · QSR
· FSR · Retail · Coffee & Tea Shop · Accommodation |
Key Outlet Type | · Dine-in
· Takeout |
Key Owner Type | · Independent Operators
· Chain Operators |
Key Cost Sector Channels | · Military & Civil Defense
· Healthcare · Education · Welfare & Services · Complimentary Services |
Key Companies | · McDonald’s Corporation
· Yum! Brands · CFA Properties · Darden Restaurants · Dine Brands Global |
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US Foodservice Market Trends
- Revival of the market: Post the easing out of COVID-19 induced restrictions, consumers’ demand for dine-in and social gatherings increased significantly in 2022.
- Value for money: Consumers remain highly price conscious and thus will seek value-for-money offerings as they are struggling with rising prices and inflation.
- Trustworthy and familiarity: Consumers prioritize product or service that they are familiar with and has built trust over time.
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US Foodservice Market Segmentation by Profit Sector Channels
The QSR was the largest profit sector channel in 2022 by value sales.
The key profit sector channels in the US foodservice market are FSR, QSR, accommodation, leisure, pub, club & bar, and retail. The QSR was the leading profit sector channel in 2022, followed by FSR. Growth can be attributed to increased takeouts and home delivery, along with a rise in footfall across dine-in outlets post the pandemic. Doorstep deliveries and takeout services significantly helped operators mitigate their losses. Furthermore, key operators in the channel focused on improving their sales and generating consumer interest by periodically launching new products and menus.
Furthermore, all channels are projected to register growth during 2022–27, with the mobile operator channel set to record the strongest increase in value. The growth in these channels can be partly attributed to increased tourism.
US Foodservice Market Analysis by Profit Sector Channels, 2022 (%)
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US Foodservice Market Segmentation by Cost Sector Channels
The key cost sector channels in the US foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. Education was the largest cost sector accounting for over 59% of the total cost sector’s value in 2022. The closure of schools and other educational institutions for most of 2020 and 2021 and the reopening of schools with limited capacity in 2022 led to a severe drop in the consumption of food in the education channel. However, continuous government support to students by providing meals will aid in the growth of the overall foodservice sector in the education channel.
US Foodservice Market Analysis by Cost Sector Channels, 2022 (%)
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US Foodservice Market – Competitive Landscape
McDonald’s Corporation was the largest QSR operator in the country.
Some of the key foodservice companies in US are:
- McDonald’s Corporation
- Yum! Brands
- CFA Properties
- Darden Restaurants
- Dine Brands Global
US Foodservice Market Analysis by Competitors
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US Foodservice Market – Latest Developments
- The US government has allocated a budget of USD2 million ($2.1 million) for 2022 and 2023 to make up for lost teaching hours during the pandemic. Schools can request funding to provide free cultural and sporting activities, summer camps, and learning support for students.
- In 2022, Roadhouse Grill introduced new appetizers, such as crispy spicy chicken and bunmeat, as part of its menu. Its bunmeat offerings included potato bun with brisket, fried chicken burger, and Philly cheese steak. These menu additions aligned with the brand’s goal of combining innovative dining with traditional American tastes.
Segments Covered in the Report
US Foodservice Market Outlook by Profit Sector Channel (Value USD Billion, 2017-2027)
- Full-service Restaurants (FSR)
- Quick-service Restaurants (QSR)
- Pub, Club & Bar
- Retail
- Accommodation
US Foodservice Market Outlook by Cost Sector Channels (Value, USD Billion, 2017-2027)
- Military & Civil Defense
- Healthcare
- Education
- Welfare & Services
- Complimentary Services
Scope
The report includes –
- Overview of US’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the US 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 US 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 US 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.
Yum! Brands
CFA Properties
Restaurant Brand International
Roark Capital Group
Darden Restaurants
Dine Brands Global
Golden Gate Capital
Texas Roadhouse Corporation
Table of Contents
Frequently asked questions
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What was the US profit sector market size in 2022?
The US profit sector market size in US was $1,087.1 billion in 2022.
-
What is the US profit sector growth rate?
The profit sector in the US will grow at a CAGR of over 3% during 2022-2027.
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Which was the leading profit sector channel in the US foodservice market in 2022?
QSR was the leading profit sector channel in the US foodservice market in 2022.
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What cost sector channel had the highest share in the US foodservice market in 2022?
The education sector had the highest share in the US foodservice market in 2022.
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