United States Foodservice Market Report and Forecast 2024-2032

United States Foodservice Market Size

The United States foodservice market reached around USD 703.45 billion in 2023. The market is estimated to grow at a CAGR of 10.2% between 2024 and 2032 to reach nearly USD 1,686.45 billion by 2032.

United States Foodservice Market Outlook

The United States foodservice market expansion is being aided by the increasing adoption of technological tools that are streamlining operations and enhancing consumer experience. Advanced PoS systems are driving business engagement with tech-savvy consumers and boosting overall sales. Major fast-food chains are expected to implement zero-waste policies to obtain carbon-neutral certificates to enhance their brand image and promote sales growth.

Ethical sourcing of raw materials is expected to emerge as a significant market trend, as consumers demand brands to become environmentally conscious and ensure fair labour treatment. Major food service companies are expected to adopt sustainable packaging solutions and switch to energy-efficient kitchen appliances to reduce costs and earn a higher margin of profit. This is expected to drive the United States foodservice market development in the coming years.

The Rising Demand Convenient, Affordable, and Quick Dining Options is One of the Crucial United States Foodservice Market Trends

• Quick service restaurants (QSRs) are expected to experience the highest growth, with a CAGR of 11.2%. The increasing demand for fast, convenient, and affordable dining options as well as the expansion of drive-thru and delivery services are boosting the United States foodservice market revenue. 

• Cafés and bars are estimated to grow at a CAGR of 10.8% between 2024 and 2032. The social culture surrounding coffee consumption, casual dining, and the growing popularity of speciality beverages are shaping the United States foodservice market dynamics. 

• Full-service restaurants (FSRs), with a CAGR of 9.8%, remain significant as consumers continue to seek out diverse dining experiences, though their growth is slightly slower due to the higher cost and longer dining times associated with this segment. 

• As per the United States foodservice market analysis, the 'Others' category, growing at a CAGR of 9.2%, includes various other types of foodservice establishments, contributing to the overall market by offering unique and niche dining experiences.

The Expansion of Chained Foodservice Outlets is Driving the United States Foodservice Market Growth

• Chained outlets are expected to lead with the highest growth, showing a CAGR of 11.2%. The United States foodservice market value is increasing due to the strong brand recognition of chained outlets, consistency of their product offerings, and expansive marketing strategies employed by large chains, which continue to attract a broad consumer base. 

• As per the United States foodservice industry statistics, independent outlets, growing at a CAGR of 9.2%, also play a vital role in the market, offering personalised service, unique menus, and local flavours that appeal to consumers seeking diverse and authentic dining experiences.

United States Foodservice Market Regional Analysis

• The Far West region is expected to lead with the highest CAGR of 11.8%. The United States foodservice demand growth is driven by a thriving tourism industry, a high concentration of dining establishments, and strong consumer spending on dining out. 

• The Rocky Mountain region follows with a CAGR of 11.0%, supported by increasing urbanisation and the rising popularity of diverse culinary experiences. 

• The Southwest is estimated to grow at a CAGR of 10.5% during the forecast period of 2024-2032. A growing population and robust demand for both casual and fine dining options are creating lucrative United States foodservice market opportunities. 

• The Southeast, growing at a CAGR of 10.1%, shows significant growth due to the region's vibrant hospitality industry and cultural emphasis on dining. 

• New England, with a CAGR of 9.5%, and the Mideast, with a CAGR of 8.8%, is expected to hold significant portions of the United States foodservice market share. The regions exhibit steady growth driven by established foodservice markets and continuous innovation in dining concepts. 

• The Plains region, with a CAGR of 8.2%, and the Great Lakes region, with a CAGR of 7.7%, experience moderate growth due to stable but slower market expansion in foodservice.

Key Questions Answered in This Report:

• How has the United States foodservice market performed historically, and what are the growth expectations for the future?

• What are the primary factors influencing demand and growth in the United States foodservice market?

• What are the key segments within the United States foodservice market, and how are they expected to evolve over the forecast period?

• What are the major challenges and opportunities facing stakeholders in the United States foodservice market?

• Who are the key players in the United States foodservice market, and what strategies are they employing to maintain a competitive edge?

• What are the regulatory and policy factors influencing the United States foodservice market globally or regionally?

• How competitive is the United States foodservice market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?

• What are the current trends shaping the United States foodservice market landscape, and how are they expected to evolve in the future?

• How are technological advancements impacting the United States foodservice market, and what role do innovation and R&D play in driving growth?

• What are the consumer preferences and buying behavior trends influencing the United States foodservice market?

• How sustainable are current growth rates in the United States foodservice market, and what factors could potentially disrupt these trends?

• What are the regional dynamics within the United States foodservice market, and how do they contribute to overall market growth?

• What are the economic factors influencing the United States foodservice market, such as GDP growth, inflation rates, and currency fluctuations?

• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States foodservice market?

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States foodservice market?

• What are the regulatory and legal frameworks impacting the United States foodservice market globally or in key regions?

• How are changing consumer lifestyles and preferences influencing product or service demand within the United States foodservice market?

• What are the emerging market trends and niche opportunities within the United States foodservice market that stakeholders should be aware of?

• How resilient is the United States foodservice market to external shocks or disruptions, such as geopolitical tensions or natural disasters?

• What are the potential barriers to market entry and growth for new players in the United States foodservice market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States foodservice market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States foodservice industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States foodservice market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States foodservice market landscape.

Key Highlights of the Report