Market Size of united states foodservice Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.82 Trillion |
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Market Size (2029) | USD 1.37 Trillion |
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Largest Share by Foodservice Type | Quick Service Restaurants |
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CAGR (2024 - 2029) | 10.74 % |
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Fastest Growing by Foodservice Type | Cloud Kitchen |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Foodservice Market Analysis
The United States Foodservice Market size is estimated at 0.82 trillion USD in 2024, and is expected to reach 1.37 trillion USD by 2029, growing at a CAGR of 10.74% during the forecast period (2024-2029).
0.82 Trillion
Market Size in 2024 (USD)
1.37 Trillion
Market Size in 2029 (USD)
6.12 %
CAGR (2017-2023)
10.74 %
CAGR (2024-2029)
Largest Segment by Foodservice Type
49.61 %
value share, Quick Service Restaurants, 2023
The quick service restaurants segment remains the most significant in the United States due to the country's rising consumption of traditional fast food since the pandemic.
Largest Segment by Outlet Type
64.12 %
value share, Independent Outlets, 2023
Digitization, online food delivery, availability of drive-through facilities, and innovation in product offerings have boosted the segment over the past few years.
Fastest-growing segment by Foodservice Type
20.41 %
Projected CAGR, Cloud Kitchen, 2024-2029
Key brands in the country are opting for the model due to its low operational costs and the growth of food delivery platforms, with new entrants dominating the space.
Fastest-growing segment by Outlet Type
10.87 %
Projected CAGR, Chained Outlets, 2024-2029
With many new fast-food companies entering the market, individual business owners are looking to capitalize on the trend by opening more brand franchises.
Leading Market Player
2.94 %
market share, Yum! Brands, Inc., Inc.
The company is a market leader, operating 53,000 restaurants in more than 157 countries through its KFC, Pizza Hut, Taco Bell, and Habit Burger Grill brands.
The introduction of vegan, low-sugar, and gluten-free options has fuelled the full-service restaurant's growth
- In 2022, quick service restaurants held the largest market share in the US foodservice market. The segment registered a CAGR of 10.23% during the forecast period. An important indicator of the expansion of the market is the total money that companies spent on advertising in recent years in the country. In 2021, the ad spending by key fast food brands in the United States were Domino's Pizza (USD 510 million), McDonald's (USD 409 million), Taco Bell (USD 334 million), Subway (USD 318 million), Wendy's (USD 267 million), Burger King (USD 225 million), Dunkin' (USD 135 million), Chick-fil-A (USD 129 million), Chipotle Mexican Grill (USD 105 million), and Starbucks (USD 97 million).
- The market for full service restaurants recorded a CAGR of 5.24% during the study period. North American cuisine held the largest share of the market in 2022, with a 38.10% value stake. The growth of the segment can be attributed to the introduction of vegan, low-sugar, and gluten-free options to traditional American dishes by restaurants. FSR outlets have tried to make these dishes healthier and more appealing to the consumer due to the growing demand for nutritional diets in the country. Products like pancakes, waffles, and toast are the preferred options in North American restaurants in the country.
- The cafes & bars segment in the United States is expected to register a CAGR of 9.75%, by value, during the forecast period. The growth will be supported by the rising consumption of tea and coffee in the country, especially in the specialty tea or coffee category. More than 3.9 billion gallons, or about 85 billion servings, of tea were drunk by Americans in 2021. The majority of tea consumed was black tea (about 84%), 15% was green tea, and a little oolong, white, and dark tea.
Understand The Key Trends Shaping This Market
