“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.
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
List of Figures
2023 value sales and channel shares
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- McDonald’s
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