United States Food Services Market to Grow with a CAGR of 6.73% through 2030F
The United States Food Services Market is expanding due to
rising demand for convenience, growing consumer preference for diverse dining
options, technological advancements, and increased consumer spending on food
experiences.
According
to TechSci Research report, “United States Food Services Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the United States Food Services Market was
valued at USD 1.02 Trillion in 2024 and is expected to reach USD 1.53 Trillion by
2030 with a CAGR of 6.73% during the forecast period. The United States food services market is a highly dynamic
and competitive sector that plays a critical role in the country’s economy. As
one of the largest and most diverse food markets globally, it encompasses a
wide range of dining experiences, from fast food and casual dining to fine
dining and catering services. This market is driven by evolving consumer
preferences, economic factors, and innovations in technology that continuously
shape the landscape of food services. Over recent years, the market has seen
substantial growth, fueled by rising consumer spending, the increasing demand
for convenience, and the rapid integration of technology in foodservice
operations. This sector also represents a significant portion of the U.S.
employment base, with millions of people employed in various roles ranging from
chefs to delivery drivers.
Several consumer trends are influencing
the growth of the United food services market. Among the most significant is
the increasing demand for convenience. As lifestyles become busier and more
time-constrained, consumers are increasingly turning to quick-service
restaurants (QSRs), delivery services, and mobile ordering platforms to fulfill
their dining needs. The convenience trend is further amplified by the growth of
food delivery services like DoorDash, Uber Eats, and Grubhub, which provide
customers with the ability to order food from a wide variety of restaurants
without leaving home. Additionally, consumers are looking for more customized
and flexible dining options, such as plant-based foods, gluten-free meals, and
healthy alternatives, further influencing food service providers to diversify
their menus and meet these changing demands. Health-conscious eating is another
significant trend. With rising awareness of the links between diet and overall
health, there has been a noticeable shift toward healthier dining options.
Consumers are increasingly seeking out restaurants that offer fresh, organic,
and sustainably sourced ingredients. This shift is driving the demand for
plant-based protein alternatives, organic foods, and low-calorie menu options.
Additionally, dietary preferences such as vegetarianism, veganism, and keto
diets are influencing restaurant offerings. Food service operators are
responding by incorporating more health-conscious options, allowing them to
cater to the growing number of consumers who prioritize their well-being in
their food choices.
Technological advancements are playing a
pivotal role in shaping the future of the United States food services market.
One of the key trends is the integration of digital technology into foodservice
operations. The adoption of online ordering systems, mobile apps, and
contactless payments has revolutionized how customers interact with food
service establishments. Consumers now expect a seamless experience, whether
they are ordering via their smartphones, reserving a table, or paying through
digital wallets. For example, fast-casual and quick-service chains have
invested heavily in user-friendly apps that allow for easy ordering,
customization, and payment, which enhances the customer experience and reduces
wait times. Automation is also making its mark in the food services industry.
From robotic chefs to self-service kiosks, automation is being adopted to
improve operational efficiency, reduce labor costs, and increase consistency in
food preparation. Several chains are experimenting with robotic systems to prepare
and cook food, helping to speed up processes and reduce human error.
Furthermore, AI-powered technologies are being used to forecast demand,
optimize inventory management, and personalize dining experiences based on
consumer data. These technological innovations not only streamline operations
but also offer customers more control over their dining experience, aligning
with the broader trend of consumer preference for convenience and
customization.
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" United States Food Services Market”
The United
States Food Services Market is segmented into food service type, outlet and regional
distribution.
Based
on food
service type, Cloud
kitchens, also known as ghost kitchens, are the fastest-growing segment in the
United States food services market. These kitchens operate without a
traditional storefront, focusing solely on food preparation for delivery and
takeout. The rise of online food delivery platforms, combined with changing
consumer preferences for convenience, has fueled the growth of cloud kitchens.
They offer lower overhead costs, allowing businesses to expand quickly and
reach a wider customer base. With the increasing demand for food delivery, cloud
kitchens are becoming a key player in the foodservice industry, driving
innovation and profitability in an increasingly digital market.
Based on region, West region is the fastest-growing
segment in the United States food services market, driven by its large, diverse
population and a strong economy. States like California, Washington, and Oregon
have seen a surge in foodservice demand, fueled by a growing trend toward
health-conscious eating, sustainable food practices, and a thriving restaurant
culture. The region’s affinity for innovative food trends, including
plant-based options and fusion cuisines, contributes to this growth. Additionally,
the West benefits from a tech-savvy consumer base, with mobile ordering and
delivery services further boosting the region’s food services market expansion.
Major companies
operating in United States Food Services Market are:
- Bloomin'
Brands, Inc.
- Brinker
International, Inc.
- Chipotle
Mexican Grill, Inc.
- Darden
Restaurants, Inc.
- Doctor's
Associates, Inc.
- Domino's
Pizza Inc.
- Inspire
Brands, Inc.
- McDonald's
Corporation
- MTY
Food Group Inc.
- Northland Properties Corporation
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“The United States food services market
is a dynamic and ever-evolving sector, driven by changing consumer preferences,
technological innovations, and economic factors. As consumers increasingly
demand convenience, healthier dining options, and digital experiences,
foodservice operators are adapting to these trends through technological
advancements, diverse menu offerings, and improved customer service. While
economic factors such as labor shortages and rising costs pose challenges, the
market remains robust, with growth opportunities in various segments, including
QSRs, fast casual, and catering services. As the industry continues to recover
from the impacts of the COVID-19 pandemic, the focus on innovation and
customer-centric strategies will be key to shaping the future of the U.S. food
services market”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“United States Food
Services Market By Food Service Type (Cafes & Bars, Cloud
Kitchen, Full Service Restaurants, Quick Service Restaurants), By Outlet (Chained
Outlets, Independent Outlets), By Region, Competition, Forecast &
Opportunities, 2020-2030F”, has evaluated the future growth potential of United
States Food Services Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the United
States Food Services Market.
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