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Foodservice Market in the US 2017-2021

Foodservice Market in the US 2017-2021

About Foodservice

Foodservice refers to the sales of food and beverages that have been prepared out-of-home for immediate consumption and distributed either through the foodservice outlet or through take away/home delivery. The foodservice sector offers its services to cafeterias, hospitals, cafés, pubs, nightclubs, bars, and hotels. Foodservice market is also booming in educational institutions and office complexes, as students and employees are increasingly buying lunches and snacks instead of bringing home-cooked food.

Technavio’s analysts forecast the foodservice market in the US to grow at a CAGR of 5.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the foodservice market in the US for 2017-2021. To calculate the market size, the report considers the sales, volume, and value.

Technavio's report, Foodservice Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Dunkin’ Brands Group
  • McDonald’s
  • Restaurant Brands International
  • Starbucks
  • Yum Brands
Other prominent vendors
  • Chick-fil-A
  • Coffee Beanery
  • Domino’s Pizza
  • Gloria Jean’s Coffees
  • Jersey Mike's Sub
  • Krispy Kreme Doughnuts
  • Marco's Pizza
  • Raising Cane's
  • Subway
  • Tully’s Coffee Corp
  • Wingstop
Market driver
  • Effective marketing campaigns
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material prices
  • For a full, detailed list, view our report
Market trend
  • Increasing popularity of food trucks
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Foodservice Market in the US 2017-2021

Technavio recognizes the following companies as the key players in the foodservice market in the US: Dunkin’ Brands Group, McDonald’s, Restaurant Brands International, Starbucks, and Yum Brands.

Other Prominent Vendors in the market are: Chick-fil-A, Coffee Beanery, Domino’s Pizza, Gloria Jean’s Coffees, Jersey Mike's Sub, Krispy Kreme Doughnuts, Marco's Pizza, Raising Cane's, Subway, Tully’s Coffee Corp, and Wingstop.

Commenting on the report, an analyst from Technavio’s team said: “Increasing popularity of food trucks. One of the trends that are expected to drive the growth of the market during the forecast period is the increasing popularity of food trucks among consumers. Food trucks mainly offering ethnic foods have gained popularity in the Texas state of the US. Whereas, the number of food trucks in the North Carolina has almost tripled during the last five years. Thus, indicating the popularity of the food trucks among consumers.”

According to the report, one of the major drivers for this market is effective marketing campaigns. Fast food restaurants; cafés; QSRs; and other commercial foodservice outlets heavily depend on effective marketing; advertising; and product campaigns by the players, to maximize the sales of their brands and to make consumers aware of their new product offerings. Many major players in the market regularly advertise their products/food items via electronic and print media. However, in this ongoing era of digitalization, many companies like McDonald's; Taco Bell; Pizza Hut; Dominos; and KFC are inching toward digital and online marketing methods.

Further, the report states that one of the major factors hindering the growth of this market is fluctuations in raw material prices. A major challenge for almost all the types of foodservice outlets is the fluctuation in the prices of food commodities and raw materials such as sugar and dairy products, which are vital for the preparation of coffee; tea; and others. In 2015, El Niño brought about floods in Southeast Asia and downpours in South America. Crops of sugar and palm oil, in particular, were destroyed. During the last quarter of 2015, the global sugar prices shot up considerably. Also, in 2015, the prices of meat and vegetables surged to 3%-5% compared to 2014.

Companies Mentioned

Dunkin’ Brands Group, McDonald’s, Restaurant Brands International, Starbucks, Yum Brands, Chick-fil-A, Coffee Beanery, Domino’s Pizza, Gloria Jean’s Coffees, Jersey Mike's Sub, Krispy Kreme Doughnuts, Marco's Pizza, Raising Cane's, Subway, Tully’s Coffee Corp, and Wingstop.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Overview of the foodservice market in the US 2016
    • Global foodservice market
      • Table Global foodservice market 2016-2021 ($ billions)
    • Foodservice market in the US
      • Table Foodservice market in the US 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by foodservice type
    • Table Overview of foodservice market in the US by type 2016 and 2021
    • Fast foodservice market in the US
      • Table Fast foodservice market in the US 2016-2021 ($ billions)
    • Restaurant market in the US
      • Table Restaurant market in the US 2016-2021 ($ billions)
    • Café/Bars market in the US
      • Table Café/bars market in the US 2016-2021 ($ billions)
    • Delivery/take away foodservice market in the US
      • Table Delivery/take away foodservice market in the US 2016-2021 ($ billions)
    • Other foodservice market in the US
      • Table Other foodservice market in the US 2016-2021 ($ billions)
  • Market growth outlook of various types of foodservice system
    • Types of foodservice systems
  • Key leading states
    • California
      • Table Foodservice market in California 2016-2021 ($ billions)
    • Texas
      • Table Foodservice market in Texas 2016-2021 ($ billions)
    • New York
      • Table Foodservice market in New York 2016-2021 ($ billions)
    • Florida
      • Table Foodservice market in Florida 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing popularity of food trucks
    • Increasing number of new store openings
    • Innovative packaging for take away foods
  • Vendor landscape
    • Competitive scenario
      • Table Key competitors: Benchmarking
    • Dunkin' Brands Group
      • Table Dunkin' Brands Group: Revenue comparison 2015 and 2016 ($ millions)
      • Table Dunkin' Brands Group: Operating income comparison 2015 and 2016 ($ millions)
      • Table Dunkin' Brands Group: Geographical segmentation by revenue
      • Table Dunkin' Brands Group: Number of stores 2016
    • McDonald's
      • Table McDonald's revenue comparison 2015 and 2016 ($ billions)
      • Table McDonald's net income comparison: 2015 and 2016 ($ billions)
      • Table McDonald's: Product segmentation by revenue 2016
      • Table McDonald's store count 2016
    • Restaurant Brands International
      • Table Restaurant Brands International: Net revenue comparison 2015 and 2016 ($ billions)
      • Table Restaurant Brands International: Net income comparison 2015 and 2016 ($ millions)
      • Table Restaurant Brand International: Business segmentation by revenue 2016
      • Table Restaurant International store count 2016
    • Starbucks
      • Table Starbucks: Revenue comparison 2015 and 2016 ($ billions)
      • Table Starbucks: Operating income comparison 2015 and 2016 ($ billions)
      • Table Starbucks: Product segmentation by revenue 2016
      • Table Starbucks: Store count as of October 2016
    • Yum Brands
      • Table Yum Brands: Net revenue comparison 2015 and 2016 ($ billions)
      • Table Yum Brands: Operating profit comparison 2015 and 2016 ($ billions)
      • Table Yum Brands: Business segmentation by revenue
      • Table Yum Brands store count 2016
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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