Community Food Services in the US - Industry Market Research Report
Description
Community Food Services in the US
Community food service providers meet the needs of those with food insecurity and challenged access to food by collecting, preparing and distributing cooked and uncooked foods at community locations and homes. Industry revenue is countercyclical, meaning stressful economic times boost performance. Pre-COVID-19 was a period of declining revenue, partly in response to lower poverty and unemployment rates. COVID-19 changed the direction as increased poverty, unemployment and food insecurity boosted revenue. Individuals and families in need of services continued to seek help, while many sought assistance for the first time. Emerging from COVID-19, the economy increased employment, bringing a temporary reduction in revenues that immediately reversed to growth due to inflation pressures and government spending. Throughout this period of revenue volatility, industry-wide revenue has grown at a CAGR of 6.6% to $19.8 billion in 2023, when revenue is expected to account for 3.3% of revenue.
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. 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.
Community food service providers meet the needs of those with food insecurity and challenged access to food by collecting, preparing and distributing cooked and uncooked foods at community locations and homes. Industry revenue is countercyclical, meaning stressful economic times boost performance. Pre-COVID-19 was a period of declining revenue, partly in response to lower poverty and unemployment rates. COVID-19 changed the direction as increased poverty, unemployment and food insecurity boosted revenue. Individuals and families in need of services continued to seek help, while many sought assistance for the first time. Emerging from COVID-19, the economy increased employment, bringing a temporary reduction in revenues that immediately reversed to growth due to inflation pressures and government spending. Throughout this period of revenue volatility, industry-wide revenue has grown at a CAGR of 6.6% to $19.8 billion in 2023, when revenue is expected to account for 3.3% of revenue.
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. 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.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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