+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

United States of America - The Future of Foodservice to 2028

  • PDF Icon

    Report

  • 123 Pages
  • May 2024
  • Region: United States
  • GlobalData
  • ID: 5979251
“United States of America - The Future of Foodservice to 2028” published by the analyst provides extensive insight and analysis of the US Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers.

In 2023, the US recorded annual nominal GDP per capita growth of 5.8% due to strong government and consumer spending. Exports also increased during the year.

The working-age population (aged 15-64) accounted for 63.7% of the total population in 2023. However, the proportion of working-age people is expected to decline to 62.1% by 2028. As of 2023, 18.2% of the population were under 15 years, while 18.1% were aged 65 years and above. The share of young people (0-14) will decline to 17.9% by 2028.

The report includes :

  • Overview of the US macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the US foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
  • Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the US foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
  • Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the US population.
  • Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

  • The US foodservice profit sector generated total revenue of $1.5 trillion in 2023, recording a compound annual growth rate (CAGR) of 6.5% from $1.1 trillion in 2018. The number of transactions registered a CAGR of 3.5%. The number of outlets recorded a CAGR of 0.5% during 2018-23. QSR led the foodservice profit sector in 2023, accounting for 45.4% of total sales.
  • The foodservice profit sector is expected to reach $1.7 trillion in 2028, registering a strong CAGR of 3% during 2023-28, while the number of transactions will achieve a CAGR of 0.7%.

Reasons to Buy

  • Specific forecasts of the foodservice market over the next five years (2023-28) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
  • Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.

Table of Contents

  • Introduction
  • Report Guide
  • Executive Summary
  • Macroeconomic Context
  • Macroeconomic Overview
  • Trends Landscape
  • Profit Sector - Consumer Behavior
  • Profit Sector Metrics
  • Key Metric Highlights
  • Value Share and Growth by Channel
  • Outlets and Transactions Growth by Channel
  • Operator Buying Volumes and Growth by Channel
  • Channel Historic and Future Growth Dynamics
  • Outlet-Type and Owner-Type Growth Dynamics
  • Quick-Service Restaurant (QSR)
  • Summary & Key Points
  • Metrics
  • Key Players
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Full-Service Restaurant (FSR)
  • Summary & Key Points
  • Metrics
  • Key Players
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Coffee & Tea Shop
  • Summary & Key Points
  • Metrics
  • Key Players
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Pub, Club & Bar
  • Summary & Key Points
  • Metrics
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Cost Sector Metrics
  • Cost Operator Trends - Historic and Future Growth
  • Data and Channel Share Breakdown
  • Education
  • Growth Dynamics & Drivers
  • What Next?
  • Healthcare
  • Growth Dynamics & Drivers
  • What Next?
  • Military & Civil Defense
  • Growth Dynamics & Drivers
  • What Next?
  • Welfare & Services
  • Growth Dynamics & Drivers
  • What Next?
  • Appendix
List of Tables
  • Profit Sector Metrics
  • Restaurant outlet types: value growth (CAGR 2023-28)
  • Restaurant owner types: value growth (CAGR 2023-28)
  • QSR: Metrics: Growth Dynamics
  • QSR: What? Food & Drink Split: Operator buying price value
  • FSR: Metrics: Growth Dynamics
  • FSR: What? Food & Drink Split: Operator buying price value
  • Coffee & Tea Shop: Metrics: Growth Dynamics
  • Coffee & Tea Shop: What? Food & Drink Split: Operator buying price value
  • Pub, Club & Bar: Metrics: Growth Dynamics
  • Pub, Club & Bar: What? Food & Drink Split: Operator buying price value
  • Cost Operators: Data and Channel Share Breakdown
  • Education historic and future value growth
  • Military & civil defense historic and future value growth
  • Healthcare historic and future value growth
  • Welfare & services historic and future value growth
List of Figures
  • GDP per capita
  • Consumer price inflation (%)
  • Population (millions)
  • Population by age group (%)
  • Households’ share of income distribution, 2023
  • Unemployment rate
  • Which of the following features has the greatest influence on your choices of products/services in the current situation? “Always or often influences my choices
  • In light of the rising cost of living, how have your shopping habits changed for each of the following types of products?
  • How often do you consume food and drinks at the following locations?
  • How do consumers describe their spend at the following outlets?
2023 value sales and channel shares
  • Historic and future performances (value performance)
  • Historic and future outlet number dynamics
  • Historic and future performances (transactions)
  • Profit channels’ historic and future buying volume performances (liter m)
  • Profit channels’ historic and future buying volume performances (kg m)
  • Channel dynamics in the profit sector, 2018-23
  • Channel dynamics in the profit sector, 2023-28
  • Restaurant outlet types: 2023 value
  • Restaurant owner types 2023: value
  • QSR: Operator share of sales, 2023
  • How often do you consume food and drinks at QSRs? By age group
  • How often do you consume food and drinks at QSRs? By gender
  • QSR: Annual household income distribution of frequent consumers
  • Influential factors for frequent consumers on choice of food/drinks at QSR- always/often
  • Important factors for frequent consumers when deciding to make a purchase at QSR - essential/nice-to-have
  • QSR: Case study: How important are each of the following features when deciding to make a purchase?: Essential/nice to have1
  • QSR: Case study: How important is the “smartphone app connectivity” feature when deciding to make a purchase? Essential/nice to have1
  • QSR: Total profit sector OSP by channel 2023
  • QSR cuisine by number of outlets
  • QSR: Top cuisine by maturity - by number of outlets (listed on online platforms), 2024
  • QSR: Top five food dishes’ penetration in QSR, 2024
  • QSR: Top 10 ingredients’ penetration in QSR, 2024
  • QSR by cuisine type, 2023 OSP
  • QSR by location type, 2023 OSP
  • FSR: Operator share of sales, 2023
  • How often do you consume food and drinks at FSRs? By age group
  • How often do you consume food and drinks at FSRs? By gender
  • FSR: Annual household income distribution of frequent consumers
  • Influential factors for frequent consumers on choice of food/drinks at FSR- always/often
  • FSR: case study: Which of the following features do you actively look for when making a purchase?: New experiences associated with product purchases
  • FSR: case study: Which of the following features always/often influence on your choices of products/services in the current situation?
  • FSR cuisine by number of outlets
  • FSR: Top cuisine by maturity - by number of outlets (listed on online platforms), 2024
  • FSR: Top five food dishes’ penetration in QSR, 2024
  • FSR: Top 10 ingredients’ penetration in QSR, 2024
  • FSR by cuisine type, 2023 OSP
  • FSR by location type, 2023 OSP
  • Coffee & tea shop: Operator share of sales, 2023
  • How often do you consume food and drinks at coffee & tea shops? By age group
  • How often do you consume food and drinks at coffee & tea shops? By gender
  • Coffee & tea shop: Annual household income distribution of frequent consumers
  • Influential factors for frequent consumers on choice of food/drinks at coffee & tea shops - always/often
  • Important factors for frequent consumers when deciding to make a purchase at coffee & tea shops - essential/nice-to-have
  • Coffee & tea shop by location type, 2023 OSP
  • Pub, club & bar: Operator share of sales, 2023
  • How often do you consume food and drinks at pub, club & bar? By age group
  • How often do you consume food and drinks at pub, club & bar? By gender
  • Pub, club & bar: Annual household income distribution of frequent consumers
  • Influential factors for frequent consumers on choice of food/drinks at pub, club & bar - always/often
  • Important factors for frequent consumers when deciding to make a purchase at pub, club & bar - essential/nice-to-have
  • Pub, club & bar by location type, 2023 OSP
  • Channel dynamics in the cost sector, 2023-28
  • Channel dynamics in the cost sector, 2023-28
  • Cost Operators: Data and Channel Share Breakdown
  • US Population under 15 years
  • US population aged 65+ years
  • Number of outlets, by sub-channel type

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • McDonald’s
Restaurant Brands International
Chick-fil-A
Yum! Brands
Wendy's
Darden
Dine Brands
Pizza Hut
Texas Roadhouse
Roark Capital Group
Starbucks
Dunkin'
Dutch Bros.
JAB Holding
Scooter's Coffee
BJ's Restaurants
Nord Bay Capital
Front Burner Restaurants
McMenamins Pubs & Breweries