United States of America - The Future of Foodservice to 2028

"United States of America - The Future of Foodservice to 2028" published by GlobalData provides extensive insight and analysis of the US Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers.

In 2023, the US recorded annual nominal GDP per capita growth of 5.8% due to strong government and consumer spending. Exports also increased during the year.

The working-age population (aged 15-64) accounted for 63.7% of the total population in 2023. However, the proportion of working-age people is expected to decline to 62.1% by 2028. As of 2023, 18.2% of the population were under 15 years, while 18.1% were aged 65 years and above. The share of young people (0-14) will decline to 17.9% by 2028.

The report includes -

• Overview of the US macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the US foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the US foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the US population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• The US foodservice profit sector generated total revenue of $1.5 trillion in 2023, recording a compound annual growth rate (CAGR) of 6.5% from $1.1 trillion in 2018. The number of transactions registered a CAGR of 3.5%. The number of outlets recorded a CAGR of 0.5% during 2018-23. QSR led the foodservice profit sector in 2023, accounting for 45.4% of total sales.
• The foodservice profit sector is expected to reach $1.7 trillion in 2028, registering a strong CAGR of 3% during 2023-28, while the number of transactions will achieve a CAGR of 0.7%.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2023-28) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar) will allow readers understand the wants and needs of their target demographics.