Foodservice Market in the US to Grow by USD 3.12 Trillion from 2025-2029, Driven by Rising Snacking and Indulgence Trends, Report on How AI is Driving Market Transformation - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The foodservice market in US and it is set to grow by USD 3.12 trillion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 30.6% during the forecast period, according to Technavio. The foodservice market in US is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  American Dairy Queen Corp., Chick fil A Inc., CKE Restaurants Holdings Inc., Dominos Pizza Inc., Inspire Brands Inc., Jack in the Box Inc., Marcos Franchising LLC, McDonald Corp., MTY Food Group Inc., Papa Johns International Inc., Penn Station Inc., Pret A Manger, Raising Canes Restaurants LLC, Restaurant Brands International Inc., Shamrock Foods Co., Starbucks Corp., Sysco Corp., The Subway Group, The Wendys Co., Wingstop Inc., and YUM Brands Inc. Are some of the major market participants -. To know about the vendor offerings -Request a sample report

Foodservice Market in US 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The foodservice market in us report covers the following areas:

• Foodservice Market in US Size
• Foodservice Market in US Trends
• Foodservice Market in US Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The foodservice market in US is fragmented, and the degree of fragmentation will accelerate. The increased snacking and indulgence consumption will offer immense growth opportunities. However, the Rising competition from unorganized fast food sector will hamper the market growth

Foodservice Market in US 2025-2029: Drivers & Challenges

The foodservice market in the US has witnessed a notable change in consumer behavior towards snacking. Over the past decade, the preference for snacks and light meals has grown, with one in five Americans reporting they consume three or more snacks daily. In North America, snack food categories include nuts and seeds, finger foods, potato-based snacks, meat snacks, snack mixes, and fruit-based snacks. Between January 2021 and June 2022, nearly 40% of new product launches fell into these categories. This shift underscores the importance of catering to the evolving snacking trends in the US foodservice industry.

The unorganized fast food sector in the US, comprised of vendors selling from carts and trucks, is experiencing significant growth. This trend poses a challenge to the foodservice market, as these vendors offer affordable fast food options that cater to price-conscious consumers. The presence of diverse consumer segments in urban areas, particularly those with lower income levels, fuels this trend. Consequently, an increasing number of entrepreneurs are entering the fast food industry to meet the demand. This segment's growth is projected to continue, potentially hindering the expansion of the formal foodservice market in the US during the forecast period.

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Segment Overview 

This foodservice market in US report extensively covers market segmentation by  

• Type
• Fast Foodservice
• Restaurant
• Cafes And Bars
• Delivery And Takeaway
• Others
• Solution
• Conventional
• Centralized
• Ready-prepared
• Assembly-serve
• Sector
• Commercial
• Non-commercial
• Business Segment
• Chains
• Independent
• Geography
• North America

1.1 Fast foodservice-  Fast foodservice restaurants in the US offer quick and convenient dining options, with many introducing new vegetarian and non-vegetarian menu items. McDonald's and Burger King are among the vendors providing vegetarian burgers, which are gaining popularity due to their health benefits and convenience. Non-vegetarian fast food, such as pizzas, burgers, and sandwiches, is also in high demand due to their protein content and ease of consumption. Vendors like Subway, Chick fil A, Dominos Pizza, Inspire Brands, and Marcos Franchising ensure efficient delivery processes and diverse menu offerings to cater to the increasing demand for fast food services in the US. Despite the presence of online food ordering platforms and third-party delivery companies, the fast foodservice market is expected to grow due to the convenience and variety offered by these vendors.

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Foodservice Market in US 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist foodservice market in US growth during the next five years
• Estimation of the foodservice market in US size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the foodservice market in US across US
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of foodservice market in US vendors

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio