Community Food Services in the US
The Community Food Services industry expanded over the five years to 2018, as a result of economic improvements in the United States. This is due, in part, to growing per capita disposable income, which increased donations given to industry operators. On average, operators experienced higher costs during the period, due to expanded food services. Industry operators have also benefited from a rising number of volunteers, which reduces labor expenses. As the economy expands, corporate and individual contributions to this industry are projected to increase over the five years to 2023. As more Americans return to work, incomes are projected to grow, which will encourage more private donations. Additionally, rising incomes will translate to a growing tax base for the government, permitting federal funding for social services to potentially increase.
Industry operators collect, prepare and deliver food to the needy. This industry includes food banks, meal delivery programs and fixed and mobile soup kitchens. Generally, establishments deliver meals to persons who cannot prepare meals for themselves due to age, disability or illness. Additionally, operators may also distribute clothing and blankets. This industry excludes emergency relief services that provide food and other aid to disaster victims.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.