United States Food Service Market, By Type (Quick Service Restaurants (QSR)), Dining Service (Hotels, Restaurants), (Pubs, Bars, Café, and Lounges (PBCL)), and Others (Cafeteria, Cloud Kitchen)), By Ownership (Chained Outlets, Independent Outlets), By Region, Competition, Forecast & Opportunities, 2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD810 Million |
| CAGR (2023-2028) | 9.15% |
| Fastest Growing Segment | Quick Service Restaurants |
| Largest Market | South Region |
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 scene in the US? It's huge, vibrant, and really fuels our economy! We're talking about tons of places where you can grab a bite – from sit-down restaurants to quick fast-food joints, not to mention cafeterias, catering companies, and even those food delivery services that bring dinner right to your door. And don't forget the pubs and bars! Plus, there are the behind-the-scenes folks feeding people in schools, hospitals, and other large institutions. All this adds up to a massive industry that keeps millions employed, from cooks and servers to kitchen staff, managers, and everyone else.
The U.S. food service market? It's absolutely massive, always a top earner. And wow, did it bounce back after COVID! Production really jumped in 2021 and 2022. The United States Department of Agriculture says we're talking about a total food supply volume of roughly USD 2.11 trillion in 2021 and USD 2.39 trillion in 2022. Food service spots accounted for USD 1.16 trillion in 2021 and a whopping USD 1.34 trillion in 2022 alone. Full-service restaurants? They chipped in USD 496 billion in 2021 and USD 468 billion in 2022. Of course, what we want to eat keeps changing, with more people craving healthier, ethically-sourced, and sustainable foods, plus a bigger appetite for international flavors.
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, café, 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 found at in American eateries is likely to further expand the US food service market over the next few years.
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 found at 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 food scene in the US is changing fast! Technology is becoming a big deal. More and more restaurants and food places are jumping on the digital bandwagon, using things like online ordering, apps on your phone, and ways to pay without touching anything. You might even see tablets at your table to make ordering easier. This is all about making things easier for you and helping businesses run smoother. Plus, everyone wants food delivered or to grab takeout – even before the pandemic hit. But now, with people wanting to stay safe, it's become even more popular. Restaurants are teaming up with delivery companies or even starting their own delivery services to keep up!
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.
Okay, so, a big reason why restaurants aren't seeing even more growth is because people are choosing to eat at home. Why? Well, some folks think eating out is unhealthy, you know, with all the carbs, sodium, and weird additives. They're worried about lifestyle diseases like obesity, diabetes, and heart problems. Plus, let's face it, takeout can really hit your wallet! On the other hand, cooking at home lets you use fresh, wholesome ingredients. All this means that as people—especially younger folks and baby boomers—get more health-conscious, the trend of home-cooked meals is likely to slow down growth in the restaurant industry. Basically, home cooking is a real challenge for the US food service market moving forward.
- In 2022, Subway introduced a comprehensive new menu, the most extensive overhaul in the company's almost six-decade-long history. The objective of the new menu is to simplify the menu options available to customers. Subway will present a new menu at its approximately 21,000 locations across the United States, which consists of twelve sandwiches in what is referred to as the "Subway Series" menu.
- In 2022, Yum! Brands' main subsidiaries, Taco Bell and KFC, have recently launched new menus, which feature a variety of plant-based options as well as traditional favorites. Pizza Hut has expanded its plant-based options to more than 15 countries, and in 2022, Taco Bell sold 23% of its vegetarian menu items. Overall, the company offers more than 30 vegetarian ingredients that can be combined into one million combinations.
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.
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, café, 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.
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.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion, and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | TypeOwnershipRegion |
| Regional Scope | South, Midwest, West, and Northeast |
| Key Companies Profiled | 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. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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
- United States Food Service Market, By Ownership
- United States Food Service Market, By Region
Competitive Landscape
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