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The United States Foodservice Market is segmented by Type (Full Service Restaurant, Self Service Restaurant, Fast Food, Street Stall and Kiosk, Cafe and Bar, and 100% Home Delivery Restaurant), and Structure (Independent Consumer Foodservice and Chained Consumer Foodservice).
Full Service Restaurants
Fastest Growing Segment:
The US foodservice market is estimated to reach USD 731.8 billion by 2024, witnessing a CAGR of 3.7%, during the forecast period (2019 - 2024).
The scope of the US foodservice market includes segmentation of foodservice providers in the country by type (full service restaurant, self service restaurant, fast food, street stall and kiosk, cafe and bar, and 100% home delivery restaurant). Further segmentation is done on the basis of foodservice structure (independent consumer foodservice and chained consumer foodservice).
|Full Service Restaurant|
|Self Service Restaurant|
|Street Stall and Kiosk|
|Cafe and Bar|
|100% Home Delivery Restaurant|
|Independent Consumer Foodservice|
|Chained Consumer Foodservice|
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Quick service restaurants (QSRs) are fast food restaurants, set apart from full service or table restaurants by their limited menus, minimal table service and, as their name implies, fast service. QSRs are popular in the United States, it was estimated that there were 194,723 quick service restaurant franchise establishments in 2018. Quick service restaurants include limited-service eating places, cafeterias, fast-food restaurants, beverage bars, ice cream parlors, pizza-delivery establishments, carryout sandwich shops, and carry out service shops with on-premises baking of donuts, cookies, and bagels. Contemplating the ease of food consumption in QSRs has lead people US population to spend in these restaurants and therefore, driving the country's foodservice market.
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The online food delivery services by restaurants as well as various platforms have surged the foodservice market in the United States. Restaurants and other food service providers have been actively engaging in digitalizing their operations and furthermore, there has been a rise in the number of consumers who prefer to order food online and the number expected to grow as well. The home delivery system mainly in the case of pizza has been another major driver for the market. Online platforms to order food for delivery have been successful concept due to the ease of choosing the food items and convenient payment procedure. Notably, in 2018, more than 70 million consumers in the United States engaged in ordering food online from restaurants.
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The major players in the United States foodservice market are Mcdonald's Corp., Yum! Brands Inc., Burger King Worldwide Inc., Starbucks Corp., Chipotle Mexican Grill Inc., Doctor's Associates Inc., Seven & I Holdings Co. Ltd., Dunkin' Donuts, Sonic Drive-In, and Papa John's. The chained consumer foodservice segment is growing at a fast rate, due to the increased investments by international brands, such as the United Kingdom and China, and restaurants in the United States. Introducing new, exotic flavors and mixes is the strategy adopted by the companies to gain a competitive advantage in the market. According to the latest consumer trend, the introduction of organic food products in the market is likely to raise the prospects of the companies in the same.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Full Service Restaurant
5.1.2 Self Service Restaurant
5.1.3 Fast Food
5.1.4 Street Stall and Kiosk
5.1.5 Cafe and Bar
5.1.6 100% Home Delivery Restaurant
5.2 By Structure
5.2.1 Independent Consumer Foodservice
5.2.2 Chained Consumer Foodservice
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 McDonald's Corp.
6.4.2 Yum! Brands Inc.
6.4.3 Doctor's Associates Inc.
6.4.4 Seven & I Holdings Co. Ltd.
6.4.5 Burger King Worldwide Inc.
6.4.6 Starbucks Corp.
6.4.7 Chipotle Mexican Grill Inc.
6.4.8 Papa John's
6.4.9 Dunkin' Donuts
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
* List Not Exhaustive