U.S. And Europe Restaurant (Food Service) Industry Market Size By Type (Online Food Delivery Services, Point of Sale Terminal), By Restaurant Type (Quick Service Restaurants (QSRs), Cafes and Coffee Shops), By Geographic Scope And Forecast

U.S. And Europe Restaurant (Food Service) Industry Market Size And Forecast

U.S. And Europe Restaurant (Food Service) Industry Market size was valued at USD 48,086.27 Million in 2022 and is projected to reach USD 3,25,560.62 Million by 2030, growing at a CAGR of 27.32% from 2024 to 2030.

The “U.S. And Europe Restaurant (Food Service) Industry market” has been driven by factors such as the increasing popularity of Euro-American cuisine and culture increasing demand for online food delivery services. The U.S. And Europe Restaurant (Food Service) Industry Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

U.S. And Europe Restaurant (Food Service) Industry Market Definition

The broad category of companies and ventures that serve consumers with prepared foods and beverages is known as the food service industry. It includes eateries, coffee shops, fast-food chains, food trucks, caterers, cafeterias, bars, and a variety of other places where customers can eat in, carry out, or have food delivered. This vibrant industry contributes significantly to the hospitality and culinary landscape as well as the local economy, providing millions of people with job opportunities worldwide.

The success of the sector depends on elements such as menu innovation, superior ingredient quality, outstanding service, and ambiance. Digital ordering and delivery platforms have revolutionized how customers access and enjoy their meals, and they constantly adapt to shifting consumer preferences, dietary trends, and technological advancements. the meal.

U.S. And Europe Restaurant (Food Service) Industry Market Overview

The “U.S. And Europe Restaurant (Food Service) Industry Market” has been driven by factors such as the increasing popularity of Euro-American cuisine and culture increasing demand for online food delivery services, and the rest of other factors. The increasing popularity of Euro-American cuisine and culture is significantly driving the U.S. and European restaurant (Food Service) industry markets in several ways, such as diverse menu offerings, popularity of American fast food, cross-cultural dining experiences such as European-style cafés in the U.S., craft beer and cocktails and more.

This culinary fusion has led to a cross-pollination of flavors, culinary techniques, and dining experiences that appeal to a wide range of consumers. However, there are various risk factors including regulatory challenges and issues related to software applications, amongst others, that can be the major restraining factors for the market to grow. Moreover, the factors such as new opportunities from growth in international business and tourism, are creating new opportunities for the market to grow over the forecasted period.

The market size of the U.S. And Europe Restaurant (Food Service) Industry Market stood at USD 48,086.27 Million in 2022 and is projected to reach USD 3,25,560.62 Million by 2030. The Market is projected to grow at a CAGR of 27.32%. Europe accounted for the largest market share of 64.65% in 2022, with a market value of USD 31,089.65 Million, and is projected to grow at a CAGR of 25.62% during the forecast period. The U.S was the second-largest market in 2022.

U.S. And Europe Restaurant (Food Service) Industry Market Segmentation Analysis

The U.S. And Europe Restaurant (Food Service) Industry Market is segmented on the basis of Type, Restaurant Type, and Geography.

U.S. And Europe Restaurant (Food Service) Industry Market, By Type

• Online Food Delivery Services
• Point of Sale Terminal
• Restaurant Management Software

To Get a Summarized Market Report By Type-

So, when we look at the U.S. and European restaurant (food service) industry, we see the market broken down by type into a few key areasOnline Food Delivery Services, Point of Sale Terminals, and Restaurant Management Software. Right now, Online Food Delivery Services are really taking off, making it the most attractive segment. In fact, they held the biggest chunk of the market in 2022, a whopping 72.51%, which translates to USD 34,866.26 Million. And get this – they're expected to keep growing at a crazy fast rate of 28.84% during the forecast period! Point of Sale Terminals came in second in 2022, valued at USD 8,636.66 Million, and are also projected to grow significantly, with a CAGR of 24.73%.

Online food ordering is placing a meal order from a nearby restaurant or food cooperative through a website and app. Many of them let customers keep accounts with them so that routine orders may be made more quickly, such as ordering consumer goods online. The rise of dual-income households and shifting food and lifestyle habits are two factors that are predicted to support industry expansion. The expanding need for affordable food with quick availability is also fueling the rise. Online delivery services have several advantages, including steep discounts, loyalty and cashback incentives, doorstep delivery, and various payment methods.

U.S. And Europe Restaurant (Food Service) Industry Market, By Restaurant Type

• Quick Service Restaurants (QSRs)
• Cafes and Coffee Shops
• Casual and Fine Dining Restaurants
• Food Trucks and Street
• Food
• Others

To Get a Summarized Market Report By Restaurant Type-

Think about the different kinds of restaurants out there – that's how the market breaks down. You've got your fast-food joints (Quick Service Restaurants or QSRs), your cafes and coffee shops, places for a nicer sit-down meal (casual and fine dining), food trucks and street food, and then just "others" that don't quite fit. Right now, the U.S. and Europe Restaurant (Food Service) Industry Market is really loving those QSRs! They grabbed the biggest slice of the pie in 2022 with a whopping 40.75% – that's about $19,596.11 million! And get this, they're predicted to grow the fastest, with a 31.65% CAGR. Cafes and coffee shops came in second that year, worth $14,075.15 million, and they're also expected to grow nicely, at a 25.68% CAGR.

A fast food restaurant is a particular kind of eatery that serves fast food cuisine and offers little table service, often known as a quick service restaurant (QSR). They often offer a restricted menu, prepared in bulk in advance, kept hot, finished, packaged to order, and usually available for takeout, but seating may be allowed. The Food Service industry has been transformed by QSRs, which offer consumers practical dining options and are constantly developing to keep up with shifting consumer preferences and technological improvements.

U.S. And Europe Restaurant (Food Service) Industry Market, By Geography

• U.S.
• Europe

Based on Geography, The U.S. And Europe Restaurant (Food Service) Industry Market is segmented into U.S. and Europe. The U.S. And Europe Restaurant (Food Service) Industry Market is experiencing a scaled level of attractiveness in the Europe region. Europe is anticipated to account for a significant market share of 59.27% by 2030. The region is projected to gain an incremental market value of USD 1,43,841.55 Million and is projected to grow at a CAGR of 25.62% between 2024 and 2030.

One of the most common leisure activities in Europe is eating out, which has led to a thriving restaurant and Food Service sector. The vibrant and diverse dining industry in the area consists of a range of eateries, including conventional cafes and restaurants, fast-food chains, and food delivery services. The younger demographic is the target market for European digital food delivery services. Moreover, online meal ordering is becoming more and more common as a result of consumers’ increasing purchasing power and changing lifestyles.

Key Players

The “U.S. And Europe Restaurant (Food Service) Industry Market” study report will provide valuable insight with an emphasis on the market. The major players in the market are Uber Eats, Clover Network, Square Capital, DoorDash, Inc., Grubhub Inc. (Just Eat Takeaway), Lightspeed, Toast Inc., SpotOn, and TouchBistro Inc. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.

Company Market Ranking Analysis

To really understand who's leading the pack in the U.S. and European Restaurant (Food Service) Industry market, we've dug deep into the top 3 players. Our company ranking analysis isn't just a quick glance – we consider a bunch of things before deciding who comes out on top. Right now, we're looking at UberEats, Clover Network, and Square Capital. We're evaluating them based on their brand value, what they offer in terms of products (think variations, specs, features, and price), how wide their company presence is, how much they've sold in recent years, and their piece of the total revenue pie. We even study their product portfolio to see what technologies they're using or what new strategies they've cooked up to boost their presence. Plus, we check out their distribution network – both online and offline – to get a feel for their reach and grip on different Restaurant (Food Service) Industry markets in the U.S. and Europe.

Company Regional/Industry Footprint

The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. For instance, UberEats has its presence globally i.e., in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. The product portfolio of the companies is classified in terms of their diversification as well as the number of products/services that are available. The geographic reach and the market penetration are determined considering the penetration of the company’s products and services in the U.S. and Europe.

Key Developments

• In September 2023, DoorDash and ALDI, the supermarket pricing leader for the past six years, expanded their collaboration, announcing that shoppers can now get on-demand alcohol delivery from over 1,200 ALDI outlets across 21 states via DoorDash.
• In November 2022, Uber Eats, the company’s food delivery service, has announced the debut of countrywide shipping, a new offering that will allow consumers across the United States, except Alaska and Hawaii, to order specialized cuisine from chosen merchants in New York City, Miami, and Los Angeles.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the U.S. And Europe Restaurant (Food Service) Industry Market, gauge the attractiveness of a certain sector, and assess investment possibilities.