North America Foodservice Market Size

Statistics for the 2023 & 2024 North America Foodservice market size, created by Mordor Intelligence™ Industry Reports. North America Foodservice size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of north america foodservice Industry

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North America Foodservice Market Summary
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Icons Lable Value Study Period 2017 - 2029 Market Size (2024) USD 1.05 Trillion Market Size (2029) USD 1.81 Trillion Largest Share by Foodservice Type Quick Service Restaurants CAGR (2024 - 2029) 11.65 % Largest Share by Country United States

Major Players


*Disclaimer: Major Players sorted in no particular order

Key Players



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North America Foodservice Market Analysis

The North America Foodservice Market size is estimated at 1.05 trillion USD in 2024, and is expected to reach 1.81 trillion USD by 2029, growing at a CAGR of 11.65% during the forecast period (2024-2029).

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1.05 Trillion

Market Size in 2024 (USD)

1.81 Trillion

Market Size in 2029 (USD)

6.71 %

CAGR (2017-2023)

11.65 %

CAGR (2024-2029)

Largest Country

79.14 %

value share, United States , 2023

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The rapid growth of major brands such as KFC, Domino's, McDonald's, and Pizza Hut and their standard offerings in the United States have led to the market's growth.

Fastest-growing Country

17.96 %

Projected CAGR, Canada , 2024-2029

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The consistent rise in immigrants settling across the country over the past few decades has developed a space for multinational cuisines for Canadian residents.

Largest Segment by Foodservice Type

49.62 %

value share, Quick Service Restaurants , 2023

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Meat-based cuisines and burgers led to the growth of quick service restaurants. These segments together held around 53% of the total QSR market value in 2022.

Fastest-growing segment by Foodservice Type

20.13 %

Projected CAGR, Cloud Kitchen , 2024-2029

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Technological innovations such as mobile ordering and delivery that provide convenience and improve consumer satisfaction have boosted the demand for cloud kitchens.

Leading Market Player

2.59 %

market share, Yum! Brands, Inc. , 2022

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The company has a significant presence in the region due to its brand recognition in the market, as it provides chicken, pizza, and Mexican-style meals through its popular brands.

Consumer inclination towards Asian cuisine and technological advancement in the sector, boost the growth of the market

  • The quick service restaurants segment was the largest segment in North America in 2022. The market recorded a CAGR of 5.33% from 2017 to 2022, primarily because the QSR industry adapted quickly to the region's poor economy due to the COVID-19 pandemic and inflation. Factors contributing to the popularity of QSRs are low cost and quality, especially in chained outlets. For instance, between September 2021 and January 2022, menu prices in QSR restaurants increased by 1.3%. The average order value in QSRs remained below USD 26 in 2022, whereas the average order value for FSRs was nearly double that value.
  • The full service restaurant segment has witnessed sizable growth in the region in recent years. The growth is due to the segment providing various cuisines to various cultures and expanding the menu accordingly. Asian food is said to be one of the fastest-growing cuisines in the United States in both the FSR and QSR segments. The country had more than 38,000 Chinese restaurants, 25,000 Japanese restaurants, and 5,000 Thai restaurants in 2021.
  • The cloud kitchens segment is anticipated to see the fastest growth during the forecast period, as it is projected to record a CAGR of 19.35% by value. The cloud kitchen industry has grown owing to technological advancements. The major industry players are also influenced by numerous advancements in database management systems to track the trends in their category. A challenge for the industry in developing economies in the region is that cloud kitchen operators are dependent on the customer base of the delivery platforms they sell on. This becomes a barrier in countries like Mexico, Puerto Rico, and the Dominican Republic, where internet penetration is not sufficiently high.
North America Foodservice Market

Expansion of food delivery platforms and demand for Asian restaurants favor the market

  • The primary reason for the expansion of the market in North American countries is the services provided by food delivery platforms and the convenience they provide to both restaurants and customers. These delivery platforms have progressed beyond the Silicon Valley competition in recent years and have grown throughout the United States. These platforms have reached more than 20 million daily active users in North America and have become major industry stakeholders. Some major platforms in North America include DoorDash, GrubHub, Uber Eats, Foodpanda, Instacart, Deliveroo, Postmates, Seamless, and Gopuff.
  • The United States held the largest share of the North American foodservice market. The US market recorded a CAGR of 4.13%, by value, during 2017-2022. The growth was attributed to the expansion of the full service restaurants and cloud kitchens, both of which recorded CAGRs of 4.35% and 12.92%, by value, respectively, during 2017-2022.
  • The full service restaurants segment in the United States and Canada has seen tremendous growth over the past few years, mainly due to the vast immigrant population in the country. This has increased the demand for cuisines like Asian (especially Indian, Chinese, and Japanese), European, and Middle Eastern over recent years. For instance, Canada accepted a record 431,645 immigrants as permanent residents in 2022. Therefore the Canadian foodservice market is projected to record the fastest CAGR of 17.99%, by value, during the forecast period.
  • The post-pandemic recovery of the industry may help in the expansion of the foodservice industry in Mexico. By the end of the forecast period, the country is expected to have over a million QSR outlets and close to 792 cloud kitchens.

North America Foodservice Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029