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Foodservice Market in the United States of America (USA) to 2025 - Market Assessment, Channel Dynamics, Customer Segmentation and Key Players

Foodservice Market in the United States of America (USA) to 2025 - Market Assessment, Channel Dynamics, Customer Segmentation and Key Players

  • July 2021
  • 120 pages
  • ID: 6128807
  • Format: PDF
  • GlobalData

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Foodservice Market in the United States of America (USA) to 2025 - Market Assessment, Channel Dynamics, Customer Segmentation and Key Players

Summary
“Foodservice Market in the United States of America (USA) to 2025” published provides extensive insight and analysis of the USA Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.

The USA foodservice profit sector contracted by a CAGR of 3% from 2015-2020.The closure of restaurants, bars, cafés, and other outlets owing to the lockdown imposed in the country to prevent the spread of COVID-19 adversely impacted the growth of the channel in 2020.

However, the foodservice industry is expected to stage a sharp rebound over the forecast period, supported by economic growth the need for convenient channels, and digitization.

The report includes -
- Overview of the USA’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the USA’s 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 Shops, Pubs, Clubs and Bars) within India’s 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
- QSR is the largest channel in the USA foodservice profit sector by revenue, representing 37.2% of total sector revenue in 2020. FSR, retail, and coffee & tea shop are among other prominent channels, with market shares of 33.8% and 9.2%, 6.3%, respectively 2020.
- QSR also led in terms of the number of outlets in 2020. Most of the channels recorded a decline in outlet numbers during the review period, except QSR, coffee & tea shop, and mobile operator channels, which registered growth. The numbers reflect challenges faced by the US foodservice operators due to the pandemic.
- Delivery and takeaway transactions surged in 2020 owing to the restrictions on the operation of restaurants and cafes and the implementation of social distancing norms amid the pandemic.

Reasons to Buy
- Specific forecasts of the foodservice market over the next five years (2020-2025) 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 shops, Pubs, Clubs & Bars) will allow readers understand the wants and needs of their target demographics.

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