As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.
Take away and Quick service restaurants are the growing trends in the food service market. The US is the second largest market for foodservice, globally, due to the increased dining-out culture. Rising number of dual-earner households, expanding menu choices to satisfy consumer preferences are expected to propel demand for Food Services over the next five years.
US Food services market is segmented based on type, region and company. In terms of type, QSR (Quick Service Restaurants) held the lion’s share in US Food services market as QSR have fast service apart from dining restaurants and have large menu which is mostly preferred by the people there.
Some of the major players operating in the United States Food Services market are McDonald’s Corp., Doctor’s Associates Inc., Yum! Brands Inc., Burger King Worldwide Inc., TGI Friday’s, Dunkin’ Brands Group Inc., Starbucks Corp., Chipotle Mexican Grill Inc., Future Spotlight, Eleven, Inc., Pizza Hut, Inc. etc.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and forecast market size of the United States Food Services market, in terms of value as well as volume.
- To define, classify and forecast the United States Food Services market on the basis of type & regional distribution.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting United States Food Services market into four regions, namely, South-Region, West-Region, Mid-West-Region, Northeast-Region.
- To identify tailwinds and headwinds for the United States Food Services market.
- To examine competitive developments such as expansions, supply contracts, and mergers & acquisitions in the United States Food Services market.
- To evaluate trends in the United States Food Services market.
- To strategically profile the leading players, which are involved in providing Food Services in United States.
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Food Services providers in United States. Subsequently, TechSci Research conducted primary research surveys with the identified service providers. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include Food Services providers that could not be identified due to the limitations of secondary research. TechSci Research analysed type and regional presence of all major Food Services providers across the country.
TechSci Research calculated the market size for the United States Food Services market using a bottom-up approach, where food service providers’ value & volume sales data for different types of (Dinning Services, PBCL, QSR, Café & Others) Food Services was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective Food Services providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- United States Food Services Providers
- Research organizations and consulting companies
- Associations, organizations and all alliances related to Food Services
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.
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In this report, United States Food Services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- United States Food Services Market, by Type:
- United States Food Services Market
- Dinning Services
- United States Food Services Market
- United States Food Services Market, by Region:
Website : https://www.techsciresearch.com/