Cost of food in the United States increased 3.10 percent in September of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

The size of the North America Food Safety Testing Market was valued at USD 6.30 Million in 2023 and is projected to reach USD 9.10 Million by 2032, with an expected CAGR of 5.39% during the forecast period. Recent developments include: In May 2022, Bureau Veritas, a global leader in testing, inspection, and certification (TIC) services, opened its third US microbiological laboratory in Reno, Nevada. To safeguard the safety of food and agricultural commodities, the new laboratory provides quick pathogen testing as well as microbiological indicator investigations., In 2021 - NSF International announced the launch of 455 GMP standards for testing dietary supplements, cosmetics, and over-the-counter (OTC) products. These standards are designed to strengthen safety, quality, and trust throughout the supply chain, combine regulatory requirements with retailer quality requirements and reduce the number of audits and financial costs associated with audits., In 2019 - SGS expanded its presence in the United States by announcing the official opening of its new food microbiological testing laboratory in Fairfield, New Jersey, the United States. The 2,000 sq. ft microbiological testing facility utilizes a robust information technology platform to offer food producers, manufacturers, and suppliers a broad spectrum of testing services across every food category.. Key drivers for this market are: Growing Demand for Convenience and Processed Foods Drives Demand, Expanding Cosmetic and Personal Care Industries Utilize Gelatin for Various Purposes. Potential restraints include: Fluctuations in Raw Material Proces Affecting Production Costs. Notable trends are: Growing Consumer Interest in Food Safety and Quality.

The price per unit in the 'Pet Food' segment of the food market worldwide was modeled to be **** U.S. dollars in 2024. Following a continuous upward trend, the price per unit has risen by **** U.S. dollars since 2018. Between 2024 and 2030, the price per unit will rise by **** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Pet Food.

For the fifth year in a row, the U.S. canned food market recorded growth in sales value, which increased by 0.6% to $13.9B in 2024. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 9.8%. Canned food consumption peaked in 2024 and is likely to see steady growth in the immediate term.

In 2024, after three years of growth, there was significant decline in the Latin American canned food market, when its value decreased by -5.3% to $52.9B. The market value increased at an average annual rate of +1.4% from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.3%.

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US Foodservice Market Size 2025-2029

US foodservice market size is forecast to increase by USD 3118.7 billion, at a CAGR of 30.6% between 2024 and 2029. The increasing trend towards snacking and indulgence consumption, the highly diverse population's growing preference for ethnic cuisine, and the rising competition from the unorganized fast food sector.

Major Market Trends & Insights

  North America dominated the market and accounted for a 100% during the forecast period.
  Based upon the Type, the Fast foodservice segment was valued at USD 128.20 billion in 2022
  Based on the Solution , the Conventional segment accounted for the largest market revenue share in 2022

Market Size & Forecast

  Market Opportunities: USD 3118.7 billion
  Future Opportunities: USD 934.17 billion 
  CAGR : 30.6%

The first driver, the shift towards snacking and indulgence, is fueled by consumers' busy lifestyles and changing eating habits. This trend presents opportunities for foodservice providers to offer convenient, on-the-go food options and innovative, indulgent menu items. The second driver, the diverse population's cravings for ethnic cuisine, adds complexity to the market landscape. Foodservice providers must cater to a wide range of cultural preferences and dietary needs while maintaining quality and authenticity.

This challenge requires a deep understanding of consumer demographics and culinary trends. The third driver, the unorganized fast food sector's growing presence, intensifies competition in the market. Established foodservice providers must differentiate themselves by offering superior quality, innovation, and customer experience to maintain market share. This competition necessitates strategic planning, operational efficiency, and a focus on customer satisfaction. Companies that successfully navigate these challenges will capitalize on the market's potential for growth and innovation.

What will be the size of the US Foodservice Market during the forecast period?

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The global foodservice market is experiencing a continuous shift driven by digital integration, sustainability, and performance optimization. Businesses are leveraging POS integration and online ordering apps to enhance transaction efficiency and streamline service. Strategic tools such as menu optimization techniques, cost accounting methods, and inventory control techniques are being adopted to improve operational accuracy and profitability. Ensuring food safety compliance and enforcing ingredient traceability are now critical, especially as data-driven systems gain traction.
Improving employee performance and satisfaction is also central, supported by staff scheduling software, employee engagement initiatives, and a structured performance management system. Restaurants are also investing in supplier relationship management, restaurant technology, purchasing optimization, and energy conservation practices to reduce waste and ensure sustainability. Customer-facing strategies include customer communication channels, digital menu boards, and online reputation management, all of which contribute to stronger customer retention strategies and increased loyalty program effectiveness. Corporate event catering, private events, and wedding catering provide opportunities for growth, while financial reporting and payroll management are essential for maintaining transparency and compliance. Worker's compensation, health insurance, and franchise technology are important considerations for business owners.
Recent analysis revealed the implementation of customer-centric features led to a 27% increase in customer satisfaction metrics across leading outlets. By comparison, businesses utilizing structured sales performance analysis and pricing model optimization observed a 19% improvement in revenue outcomes. This gap highlights the measurable impact of coordinated operational improvement strategies, particularly those supported by customer data analytics, feedback analysis tools, and profitability analysis. Integrated delivery logistics management and consistent customer experience management continue to define how the foodservice market evolves across digital and physical touchpoints.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Fast foodservice
  Restaurant
  Cafes and bars
  Others


Solution

  Conventional
  Centralized
  Ready-prepared
  Assembly-serve


Sector

  Commercial
  Non-commercial


Business Segment

  Chains
  Independent


Service Model

  Dine-In
  Delivery
  Takeaway


Target Audience

  Families
  Millennials
  Professionals


Health Focus

  Organic
  Plant-Based
  Gluten-Free


Geography

The United States dog food market reached a value of about USD 30.86 Billion in 2024. The market is further expected to grow at a CAGR of about 5.30% in the forecast period of 2025-2034 to reach a value of around USD 51.72 Billion by 2034.

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Food Service Equipment Market Size 2024-2028

The food service equipment market size is forecast to increase by USD 12.75 billion, at a CAGR of 5.99% between 2023 and 2028.

Major Market Trends & Insights

APAC dominated the market and accounted for a 37% growth during the forecast period.
By the Distribution Channel - Offline segment was valued at USD 24.2 billion in 2022
By the Product - Cooking and preparation equipment segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 47.64 million
Market Future Opportunities: USD 12747.60 million
CAGR : 5.99%
APAC: Largest market in 2022

Market Summary

The market is a significant and dynamic sector, characterized by continuous innovation and adaptation to meet the evolving needs of various industries. According to recent studies, the market's value is estimated to reach a substantial index number by 2026, representing a notable increase compared to the previous year. This growth can be attributed to several factors, including the increasing demand for energy-efficient equipment and the heightened focus on proper food storage. However, the market also faces challenges, such as high installation and operational costs, which can hinder growth. Despite these challenges, key players in the market are investing in research and development to introduce more cost-effective and efficient solutions. As a result, the market is expected to witness ongoing shifts in product categories and adoption rates.

What will be the Size of the Food Service Equipment Market during the forecast period?

Explore market size, adoption trends, and growth potential for food service equipment market Request Free SampleThe market encompasses a diverse range of technologies and solutions essential to the efficient and effective operation of commercial kitchens and food processing facilities. Two key metrics illustrate the market's dynamic nature: the annual growth rate of food service equipment sales, which hovers around 4%, and the inventory turnover rates for food service establishments, averaging approximately 5 times per year. Food processing technology plays a pivotal role in enhancing sanitation efficacy standards and kitchen workflow analysis. For instance, advanced parts procurement strategies, such as just-in-time inventory and predictive maintenance, contribute to equipment reliability and minimize downtime. Meanwhile, energy saving initiatives, including energy auditing services and industrial kitchen equipment, have become increasingly important as businesses seek to reduce operational costs and improve sustainability. Moreover, restaurant technology adoption, such as kitchen design software and restaurant supply chain optimization, has gained traction in recent years. Service level agreements, staff productivity tracking, and regulatory compliance measures are also crucial components of the market. By focusing on these areas, food service businesses can streamline their operations, reduce food costs, and ensure a higher level of customer satisfaction.

How is this Food Service Equipment Industry segmented?

The food service equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Distribution ChannelOfflineOnlineProductCooking and preparation equipmentRefrigeration equipmentWare washing equipmentStorage and handling equipmentOthersGeographyNorth AmericaUSEuropeGermanyUKAPACChinaJapanRest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

In the dynamic the market, businesses prioritize various aspects to optimize their operations and enhance customer satisfaction. HACCP implementation and employee training programs ensure food safety compliance, while cleaning sanitation protocols and water conservation measures contribute to sustainability. Food preparation equipment undergoes regular maintenance schedules, and thermal energy management systems help reduce energy consumption. Key performance indicators, such as customer satisfaction metrics, energy-efficient appliances, and cost control strategies, are crucial for businesses. Kitchen automation systems, staff scheduling software, inventory management software, and order management systems streamline processes and improve efficiency. Food safety compliance, ingredient tracking systems, and supply chain optimization are essential for maintaining quality and reducing waste. Evolving food production processes necessitate energy consumption monitoring and the adoption of advanced technologies like kitchen ventilation systems, menu engineering principles, and commercial kitchen design. Wast

The size of the US Food Emulsifiers Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.90% during the forecast period. Key drivers for this market are: Growing Awareness of Functional Benefits of Carotenoids, Consumption of Health and Wellness Products. Potential restraints include: High Processing Cost and Low Yield of Natural Food Colors. Notable trends are: Rising Demand For Lecithin.

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Food Service Market Size 2025-2029

The food service market size is forecast to increase by USD 53709.5 billion, at a CAGR of 47.5% between 2024 and 2029.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
By the Service - Conventional segment was valued at USD 1173.40 billion in 2023
By the Sector - Commercial segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 1.00 billion
Market Future Opportunities: USD 53709.50 billion 
CAGR : 47.5%
APAC: Largest market in 2023

Market Summary

The market continues to evolve, with significant shifts in consumer preferences and industry trends. According to recent studies, the sector is witnessing a notable increase in the demand for convenience and customization, leading to a surge in the adoption of off-premise dining options. In fact, off-premise sales are projected to account for over 50% of the total foodservice revenue by 2025, marking a substantial growth compared to the 35% share in 2020. Moreover, the snacking market within the foodservice industry is experiencing a remarkable expansion, with consumers opting for more frequent and diverse snacking occasions. This trend is particularly prominent among millennials and Gen Z, who are driving the demand for innovative, on-the-go snack solutions. Despite these positive developments, the foodservice sector faces challenges such as labor shortages and rising operational costs, which may impact profitability and growth. However, industry players are responding by adopting technology solutions, including automation and contactless ordering systems, to streamline operations and enhance the customer experience. Overall, the foodservice market's continuous evolution underscores the importance of staying informed about emerging trends and consumer preferences to capitalize on new opportunities.

What will be the Size of the Food Service Market during the forecast period?

Explore market size, adoption trends, and growth potential for food service market Request Free SampleThe market exhibits a consistent growth trajectory, with current industry performance registering at approximately 6% yearly expansion. Looking ahead, this trend is anticipated to continue, with future growth expectations hovering around 5%. Notably, the adoption of advanced technologies, such as online ordering platforms and kitchen workflow optimization solutions, is driving this growth. For instance, the integration of technology in food service operations has led to a 15% increase in order accuracy and a 10% reduction in wait times for customers. Furthermore, the implementation of inventory management software has resulted in a 12% decrease in food waste and a 7% improvement in overall operational efficiency. These figures underscore the significant impact technology is having on the food service industry, setting the stage for continued innovation and growth.

How is this Food Service Industry segmented?

The food service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ServiceConventionalCentralizedReady-preparedAssembly-serveSectorCommercialNon-commercialCuisine TypeAmericanItalianAsianPrice RangeBudgetMid-rangePremiumTarget AudienceFamiliesProfessionalsStudentsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Service Insights

The conventional segment is estimated to witness significant growth during the forecast period.

In the dynamic the market, energy efficiency solutions have gained significant traction, reducing operational costs by up to 15% for restaurants and cafeterias. Simultaneously, pest control procedures and equipment maintenance schedules ensure food safety and hygiene, maintaining a 20% reduction in pest infestations. Online ordering platforms and table management systems streamline operations, increasing revenue by 18% through improved customer experience and streamlined workflows. Revenue management strategies, such as dynamic pricing and demand forecasting, have become essential tools, contributing to a 21% increase in revenue for food service providers. Supply chain traceability and nutrition labeling requirements foster transparency and trust, with a reported 25% of consumers preferring establishments that provide detailed information about their offerings. Restaurant reservation systems, HACCP implementation, and ingredient sourcing strategies are crucial components of the food service industry, enabling efficient workflows and ensuring regulatory compliance. Food service technology, including kitchen w

Food Cost Management Software Market Outlook

According to our latest research, the global food cost management software market size is valued at USD 2.13 billion in 2024, with a robust compound annual growth rate (CAGR) of 10.7% projected from 2025 to 2033. By the end of 2033, the market is expected to reach a substantial USD 5.34 billion. This impressive growth trajectory is primarily driven by the rising need for data-driven decision-making in the food industry, the increasing complexity of supply chains, and the growing emphasis on operational efficiency and cost optimization across diverse segments of the food service and manufacturing sectors.

One of the key growth factors fueling the food cost management software market is the escalating demand for real-time analytics and inventory tracking within the food and beverage industry. As businesses strive to minimize waste, optimize ingredient procurement, and streamline menu engineering, the adoption of advanced software solutions has become indispensable. The emergence of cloud-based platforms, integrated with artificial intelligence and machine learning, further enhances the ability of organizations to forecast demand, manage supplier relationships, and automate procurement. This technological evolution not only reduces manual errors but also enables businesses to respond swiftly to market fluctuations, regulatory changes, and consumer preferences, ensuring sustained profitability and compliance.

Another significant driver accelerating market expansion is the increasing adoption of digital transformation strategies by both large enterprises and small and medium-sized enterprises (SMEs) in the food service sector. As competition intensifies and margins become tighter, organizations are turning to sophisticated food cost management software to gain a competitive edge. These solutions offer comprehensive modules for recipe costing, menu pricing, vendor management, and waste control, empowering decision-makers with actionable insights. Furthermore, the integration of mobile applications and user-friendly dashboards has facilitated widespread acceptance among non-technical users, thereby broadening the market's addressable base and fostering innovation in product offerings.

A third pivotal factor contributing to market growth is the heightened focus on regulatory compliance and food safety standards across global markets. The increasingly stringent food labeling, allergen management, and traceability requirements have compelled food businesses to adopt robust software solutions that ensure end-to-end visibility and auditability throughout the supply chain. Food cost management software now incorporates features for compliance documentation, automated reporting, and real-time alerts, significantly reducing the risk of non-compliance penalties and reputational damage. This trend is particularly pronounced in regions with complex regulatory landscapes, further amplifying the demand for advanced software solutions in the market.

From a regional perspective, North America currently dominates the food cost management software market, accounting for the largest revenue share, followed closely by Europe and the Asia Pacific. The United States, in particular, has witnessed widespread adoption of these solutions across restaurant chains, hotels, and institutional food services, driven by high digital literacy, established food service infrastructure, and the presence of leading technology providers. Meanwhile, the Asia Pacific region is expected to register the fastest growth rate during the forecast period, propelled by rapid urbanization, a burgeoning hospitality industry, and increasing investments in cloud technology. Latin America and the Middle East & Africa are also witnessing steady adoption, albeit at a comparatively moderate pace, as local businesses embrace digital transformation to enhance operational efficiency and meet evolving consumer expectations.

In the realm of food cost management, Recipe Management Systems play a crucial role in ensuring consistency and quality across diverse food service operations. These systems allow businesses to standardize recipes, control portion sizes, and maintain ingredient consistency, which is vital for both cost control and customer satisfaction. By integrating with inventory management and

In 2024, the U.S. baby food market increased by 4% to $7.3B, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Baby food consumption peaked in 2024 and is likely to see gradual growth in the near future.

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Food Processing Machinery Market Size 2025-2029

The food processing machinery market size is forecast to increase by USD 21.69 billion, at a CAGR of 6.1% between 2024 and 2029. The market is experiencing significant growth, driven by escalating investments in the food processing sector, particularly in developing economies in Asia Pacific.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Type, the depositors segment led the market and was valued at USD 23.83 billion of the global revenue in 2023.
Based on the Application, the MP and S segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 63.09 Billion
Future Opportunities: USD 21.69 Billion
CAGR (2024-2029): 6.1%
APAC: Largest market in 2023

The market continues to evolve, driven by advancements in technology and the growing demand for efficient, sustainable, and high-quality food production. One significant trend is the integration of energy efficiency upgrades, such as thermal processing systems and heat exchangers, which have led to a 10% reduction in energy consumption in some facilities. Sterilization validation techniques, including pasteurization technology and ultrasonic processing, have become essential in ensuring food safety and extending shelf life. Form-fill-seal machines and automated packaging lines have streamlined production processes, reducing labor costs and increasing output by up to 30%. Quality control instrumentation, such as filtration and separation systems, high-shear mixing, and food texture analysis, have become indispensable tools for maintaining consistent product quality.

What will be the Size of the Food Processing Machinery Market during the forecast period?

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Additionally, the adoption of process optimization software and automated inspection systems has facilitated continuous flow processing and precision cutting machinery, enabling manufacturers to meet the increasing demand for customized and innovative food products. Industrial Refrigeration units and wastewater treatment methods have also gained prominence, as food manufacturers strive to minimize their environmental footprint and adhere to stricter regulations. The market for food processing machinery is expected to grow at a robust rate, with industry experts projecting a 5% annual growth rate over the next decade. For instance, a leading food manufacturer implemented a high-pressure homogenizer to improve the consistency and quality of their dairy products, resulting in a 15% increase in sales. The refrigeration segment is the second largest segment of the Type and was valued at USD 16.47 billion in 2023. 

This trend is fueled by the increasing demand for processed food products in these regions, which is leading to a surge in the adoption of advanced food processing machinery. Another key trend shaping the market is the availability of customized food processing machinery, catering to the unique requirements of various food industries. However, the market is not without challenges. Food manufacturers are increasingly opting for refurbished machinery and retrofitting of current machinery to reduce costs.

This trend poses a significant challenge to original equipment manufacturers, necessitating them to explore innovative business models and pricing strategies to remain competitive. Furthermore, the growing emphasis on sustainable and energy-efficient food processing solutions is adding to the complexity of the market landscape. Companies seeking to capitalize on the opportunities in this market must stay abreast of these trends and challenges, and adapt their strategies accordingly to ensure long-term success.

How is this Food Processing Machinery Industry segmented?

The food processing machinery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Depositors
  Refrigeration
  Sclicers and dicers
  Others


Application

  MP and S
  Bakery
  Dairy
  Others


Mode of Operation

  Automatic
  Semi-Automatic
  Manual


End-use Industry

  Food Manufacturers
  Food Service Industry
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The depositors segment is

Snapshot img

The commercial foodservice equipment market in US share is expected to increase by USD 2.43 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.76%.

This commercial foodservice equipment market in us research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial foodservice equipment market in us segmentations by product (foodservice disposables and gloves, refrigeration and ice machine, primary cooking equipment, storage and handling equipment, and others), end-user (restaurants, hotels, retail, and others), and geography (US). The commercial foodservice equipment market in us report also offers information on several market vendors, including AB Electrolux, Ali Group Srl, Alto-Shaam Inc., Cambro Manufacturing Co., Dover Corp., Duke Manufacturing, HOSHIZAKI Corp., Illinois Tool Works Inc., The Middleby Corp., and Welbilt Inc. among others.

What will the Commercial Foodservice Equipment Market In US Size be During the Forecast Period?

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Commercial Foodservice Equipment Market In US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of foodservice market is notably driving the commercial foodservice equipment market in us growth, although factors such as high installation cost and maintenance may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial food service equipment in US industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Foodservice Equipment Market In US Driver

The growth of the foodservice market is one of the key factors driving the growth of the commercial foodservice equipment market in the US. The growth of the foodservice market in US will directly influence the growth of the commercial foodservice equipment market in US. The increasing demand for ready-to-eat food in the country drives the expansion of food service establishments, mainly limited-service restaurants. For instance, in 2019, limited-service restaurants accounted for nearly two-fifth of the sales in the food away-from-home market in US. Full-service restaurants held a share of around one-third in the same year. The massive expansion of limited-service restaurants drives the growth of the commercial foodservice equipment market in US. For instance, Marco's Pizza opened 100 new stores in 2019, out of which 84 were located in the US and the remaining in Puerto Rico. Similarly, Dunkin Brands Group LLC opened 76 new Dunkin' and Baskin-Robbins stores in the US in the fourth quarter of 2019. These companies are expected to open several new stores in the country during the forecast period.

Key Commercial Foodservice Equipment Market In US Trend

The growing focus on advanced technology will fuel the commercial foodservice equipment market growth in the US. Consumers in the US are among the quickest adopters of advanced technologies. They also intend to replace their old commercial foodservice equipment with advanced ones. Hence, the manufacturers of commercial food service equipment in the country must effectively address the needs of the customers for innovative technologies. For instance, vendors of primary cooking equipment are looking to reduce the cooking time by improving the technology and including better sensors and controls in the equipment, which would help in ensuring the efficiency of the equipment. The addition of pre-programmable features and display screens in food preparation equipment can make the cooking experience more interactive and enhance the user experience. Many market players are also increasing their focus on advancing storage and handling equipment where food items can be secured from cross-contamination. The above factors will increase the market growth during the forecast period.

Key Commercial Foodservice Equipment Market In US Challenge

The high installation cost and maintenance are a major challenge for the commercial foodservice equipment market growth in the US. Various commercial kitchens incur different costs to set up equipment. For instance, the cost of outfitting a commercial kitchen for a small food service establishment can usually be as low as $15,000 and as high as $150,000. Also, the setting up of ventilation and refrigeration equipment can incur more costs than that of some cooking equipment. Certain commercial foodservice equipment that is used in various end-user segments incur high instal

The U.S. market for non-domestic percolators and equipment for cooking or heating food rose significantly to $933M in 2024, with an increase of 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

The size of the US Food Enzymes Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.80% during the forecast period. Key drivers for this market are: Growing Awareness of Functional Benefits of Carotenoids, Consumption of Health and Wellness Products. Potential restraints include: High Processing Cost and Low Yield of Natural Food Colors. Notable trends are: Rising Demand for Specialty Food Ingredients.

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Food Processing Ingredient Market Size 2024-2028

The food processing ingredient market size is forecast to increase by USD 10.83 billion at a CAGR of 4.5% between 2023 and 2028.

The market is experiencing significant growth due to the rising demand for processed foods and ready-to-eat items. Consumers' increasingly busy lifestyles have led to a surge in demand for convenient food solutions, driving market expansion. However, challenges persist in the form of inadequate infrastructure in emerging economies. This lack of proper facilities poses a significant obstacle to market growth, particularly in regions where demand for processed foods is on the rise but the necessary infrastructure is not yet in place.
Companies operating in this market must navigate these challenges while also capitalizing on the opportunities presented by the growing demand for processed food ingredients. Effective strategic planning and innovative solutions will be key to success in this dynamic market.

What will be the Size of the Food Processing Ingredient Market during the forecast period?

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The market continues to evolve, driven by shifting consumer preferences towards Health And Wellness, sustainable ingredients, and clean label options. Ingredient sourcing plays a crucial role in meeting these demands, with a focus on transparency and traceability. Formulation development and optimization are key areas of innovation, as companies seek to reduce costs while maintaining quality and regulatory compliance. Sustainable ingredients, such as plant-based and organic options, are gaining popularity, leading to increased demand for alternative protein sources and vegetable oils. Bakery ingredients, confectionery ingredients, and beverage ingredients are also undergoing significant changes, with a focus on allergen-free, gluten-free, and vegan options.
Functional ingredients, including natural and synthetic options, are increasingly used to enhance product performance and extend shelf life. Manufacturing technology and supply chain management are also critical components of the ingredient market, with a focus on process control, cost reduction, and regulatory compliance. Consumer insights continue to shape market dynamics, driving product innovation and differentiation. Clean label and natural ingredients are increasingly preferred, while regulatory requirements and food safety concerns remain top priorities. The market for meat processing ingredients, dairy ingredients, and non-GMO options is also growing, as consumers seek out more sustainable and ethical options. Overall, the market is characterized by continuous change and innovation, with a focus on meeting evolving consumer demands and regulatory requirements.
Companies that can adapt and respond to these trends will maintain a competitive advantage in this dynamic market.

How is this Food Processing Ingredient Industry segmented?

The food processing ingredient industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Source

  Natural
  Synthetic


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Source Insights

The natural segment is estimated to witness significant growth during the forecast period.

In today's market, there is a growing emphasis on health and wellness, leading to a surge in demand for sustainable ingredients in food processing. Companies are focusing on ingredient sourcing and formulation development to optimize their offerings for the clean label trend. Natural ingredients, including functional and allergen-free varieties, are increasingly preferred for their association with improved product quality and consumer trust. Bakery and confectionery ingredients, as well as beverage and meat processing ingredients, are being reformulated to cater to this demand. Manufacturing technology advances enable processing efficiency and cost reduction, while maintaining high standards of food safety.

Shelf life and regulatory compliance are critical factors in ingredient selection, with organic, non-GMO, and vegan ingredients gaining popularity due to their perceived health benefits. Consumer insights drive product innovation, with plant-based and dairy alternatives becoming increasingly common. Functional ingredients, such as vitamins, minerals, and antioxidants, are added to enhance nutritional value and extend shelf life. Ingredient cost remains a competitive advantage, with companies continually seeking to optimize their supply chain management and negotiate favorable contracts. In the realm of beverage processing, vegetable oils and dairy ingredients are essential components, while regulatory compliance and process

Snapshot img

Mobile Food Services Market Size 2024-2028

The mobile food services market size is forecast to increase by USD 17.7 billion at a CAGR of 9.48% between 2023 and 2028.

The market is experiencing significant growth, driven by several key factors. One of the primary trends is the increasing demand for frozen and convenience foods, as consumers seek time-saving solutions for their busy lifestyles. Another factor fueling market growth is the rising number of marketing initiatives by food service providers, such as food trucks to attract customers through promotions and discounts. Additionally, fluctuations in food commodity prices can impact the market, presenting both opportunities and challenges for players. Overall, the market is expected to continue its growth trajectory, offering numerous opportunities for businesses that can effectively cater to the evolving needs and preferences of consumers.

What will be the Size of the Mobile Food Services Market During the Forecast Period?

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The market encompasses a diverse range of offerings, including food trucks, catering services, carts, trailers, and stands, that cater to the growing demand for convenient, budget-friendly, and time-saving food solutions such as meal kits. Urbanization and the increasing popularity of urban culture have fueled the market's growth, with a target audience that values convenience and the ability to sample a variety of food cuisines. Hygiene standards are paramount in this sector, ensuring that mobile food services maintain the same level of food safety as their brick-and-mortar counterparts. The fast food sector has also embraced mobile food services, offering pre-defined costs, dine-in menus, takeaway portions, and at-door services through e-commerce apps.
However, the market faces challenges such as virus outbreaks and social gatherings restrictions, which can impact food dynamics and the availability of fast-food facilities. Despite these challenges, the market continues to evolve, offering a dynamic and innovative solution to the changing food landscape.

How is this Mobile Food Services Industry segmented and which is the largest segment?

The mobile food services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Food
  Beverages


Application

  Food truck
  Removable container


Geography

  North America

    US


  APAC

    China
    Japan


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The food segment is estimated to witness significant growth during the forecast period.

The market is experiencing steady growth, driven by urbanization and evolving consumer preferences. With the rise of nuclear families and changing lifestyles, the demand for convenient and time-saving food options is increasing. Mobile food services, including food trucks, carts, and trailers, offer a wide range of cuisines, from gourmet burgers and sandwiches to traditional meals and international dishes. Hygiene standards are of utmost importance in this sector, ensuring food safety and quality. Key players in the market include Kogi BBQ, DessertTruck Works, Don Chow Tacos, Baby's Badass Burgers, Flying Pig Truck, Bian Dang, and Burgerville. Consumers are attracted to the tempting menus and budget-friendly prices, as well as the convenience of food delivery and at-door services.

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The food segment was valued at USD 14.10 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is experiencing significant growth due to urbanization and the increasing preference for convenience food. With the rise in urban populations and the fast pace of life, consumers are turning to mobile food services such as food trucks, stalls, carts, and trailers for quick, affordable meals. The fast food sector, including offerings like donuts, sandwiches, burgers, pizza, and traditional meals, dominates this market. Hygiene standards are of utmost importance, and these businesses adhere to regulations to ensure food safety. The market is also influenced by inflation and the cost of raw materials, which can impact the pricing of prepared food.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key d

The size of the North America Food Emulsifiers Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.90% during the forecast period. Key drivers for this market are: Growing Awareness of Functional Benefits of Carotenoids, Consumption of Health and Wellness Products. Potential restraints include: High Processing Cost and Low Yield of Natural Food Colors. Notable trends are: Growing Demand for Specialty Food Ingredient.