USA | The US foodservice market is expected to grow significantly between 2024 and 2028, as detailed in new industry research.
The foodservice market in the US is estimated to grow by USD $204.8 billion from 2024 to 2028, according to a study by Technavio. The market is estimated to grow at a CAGR of 4.4 percent during the forecast period.
Fast foodservice markets in the US are experiencing growth due to the convenience and diversity they offer. Numerous fast-food vendors are expanding their presence by opening new stores and introducing novel food options, including vegetarian burgers. These vegetarian options cater to health-conscious consumers who require quick meals on the go.
However, the rise of online food ordering applications and third-party delivery services may hinder market growth. Non-vegetarian fast food, such as burgers, sandwiches, and pizzas, remains popular among the working population. Vendors like Subway, Chick-fil-A, Dominos Pizza, and Inspire Brands offer a range of non-vegetarian options with high protein content and convenient delivery services. These strategies contribute to the growth of the fast foodservice segment in the US.
Chick-fil-A ensures efficient restaurant operations, Dominos delivers pizza and pasta swiftly, and Inspire Brands provides a diverse portfolio of franchises. Marcos Franchising offers delivery, carryout, and dine-in services. These vendors' efforts have significantly driven the growth of the fast foodservice segment in the US.
The Foodservice Market in the US is experiencing significant growth as consumers increasingly demand vegan, low-sugar, and gluten-free options. Full-service restaurants are responding by offering nutritional menus with pancakes and waffles made from alternative ingredients. Online booking and payment systems are becoming standard for reservations and ordering.
Foodservice providers offer catering services, packaged food solutions, and real-time delivery for businesses and events. Quick-service and limited-service restaurants, food bars, canteens, universities, hotels, and vending machines also cater to various dietary needs. Virtual kitchens and foodservice technology are revolutionising the industry, providing efficient and convenient solutions for consumers. The Foodservice Industry continues to evolve, meeting the diverse needs of consumers while maintaining high-quality food offerings.
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