Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Food and Beverage Stores: Income Taxes Accrued, Prior and Current Years, Net of Payments (QFRD309445USNO) from Q4 2000 to Q1 2025 about accruals, payments, beverages, finance, tax, retail trade, corporate, Net, food, sales, retail, income, industry, and USA.

The market size of the accommodation and food service sector in the United States totaled *** trillion U.S. dollars in 2023, up from approximately **** trillion U.S. dollars the previous year. This shows an increase of over ** percent.

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Food and Beverage Stores: Total Cash on Hand and in U.S. Banks (QFRTCASH445USNO) from Q4 2000 to Q1 2025 about cash, beverages, finance, retail trade, corporate, food, sales, retail, banks, depository institutions, industry, and USA.

The organized food services industry in India reached a market value of over *** trillion Indian rupees in financial year 2020. It was expected that this value would nearly double to reach over *** trillion rupees by 2025.

As of 2020, due to the long-term measurements taken to prevent the coronavirus from spreading too fast, it is estimated that food services will deal with approximately a revenue loss of *** billion euros. With just over *** billion euros, hotels, restaurants and cafes will be hit hard, whereas convenience and catering business estimated financial losses of roughly *** billion euros and *** million euros, respectively. The leisure industry are forecasted to see decreases of over ten percent in their added value, making them one of Netherlands' hardest hit industries of COVID-19 in 2020. This according to calculations made by economists from Dutch bank ABN AMRO.

The approximate gross value added (GVA) of restaurants and mobile food service enterprises in the United Kingdom increased from 2022 to 2023. The restaurant and mobile food service industry contributed over ** billion British pounds to the UK non-financial business economy in 2023.

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Food and Beverage Stores: Net Sales, Receipts, and Operating Revenues (QFR101445USNO) from Q4 2000 to Q1 2025 about operating, receipts, beverages, revenue, finance, retail trade, corporate, Net, food, sales, retail, industry, and USA.

Snapshot img

US Foodservice Market Size 2025-2029

The US foodservice market size is forecast to increase by USD 3118.7 billion, at a CAGR of 30.6% between 2024 and 2029.

The Foodservice Market in the US is characterized by three key drivers: 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. 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?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic US foodservice market, brands employ various retention strategies to maintain customer loyalty, such as offering personalized experiences and consistent quality. Brand awareness is crucial for attracting new business, achieved through effective marketing and public relations efforts. Cash flow management is essential for ensuring profitability, with cost accounting and company relationships playing significant roles. Liability coverage and contract management are vital for mitigating risks in event catering, while real estate selection and permitting and licensing are crucial for establishing a physical presence. Franchise operations, third-party delivery services, and foodservice distribution are transforming the industry, requiring innovative production planning and inventory tracking.
Employee scheduling, allergen management, and human resource management are critical components of day-to-day operations. Culinary trends, such as plant-based offerings and restaurant technology, are shaping menus and operations. Foodservice consulting, sales promotion, and reputation management are key areas of focus for enhancing business performance. Corporate 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.

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

  North America

    US

By Type Insights

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

The US foodservice market is a dynamic and evolving industry, encompassing various segments such as table service, casual dining, banquet halls, and quick service restaurants. Table service establishments prioritize staff training and customer service to deliver an exceptional dining experience. Casual dining and banquet halls cater to large groups and special occasions, offering diverse menus and flexible event spaces. Revenue management, food waste reduction, and menu engineering are crucial strategies for optimizing operations and profitability. Food delivery services have gained popularity, with third-party platforms and restaurant partnerships streamlining the ordering process. Refrigeration units, restaurant design, and supply chain management are essential components of the industry, ensuring efficie

Financial overview and grant giving statistics of Foodservice Industry Risk

Meal kit delivery services include meal kits containing pre-portioned ingredients and instructions consumers use to cook at home. Healthier eating habits and the growing popularity of e-commerce spurred sales. While revenue increased rapidly, COVID-19 became the catalyst for success as consumers ordered meal kits as an alternative to grocery shopping. It also paved the way for mass advertising via social media platforms, radio, podcasts and other entertainment outlets. This form of marketing remains strong, offering extra avenues of growth through an expanding market. Revenue grew at a CAGR of 22.4% to $8.7 billion over the past five years, including a 2.8% bump in 2024 alone. Many customers work in technology-related fields with high-income levels, allowing them to trade off extra food expenses solely for convenience. However, with new companies entering the marketplace, meal kit distributors must entice new consumers with discounts to stay ahead of the curve. While this may attract customers, companies must pay these costs, lowering the average profit. Even so, significant companies like Hello Fresh have dominated a large chunk of the market, leading to rising profitability. Inflationary concerns have led some lower-income consumers to return to in-person grocery shopping, as meal kit costs have gotten too high. E-commerce retailers like Walmart, Target and Amazon have also begun delivering food and with already established brand familiarity, some consumers will turn to them instead. Rising interest rates in the US are pressuring the meal kit delivery industry by increasing borrowing costs and reducing profit. This financial strain, exacerbated by consumers’ reduced discretionary spending due to higher credit card and mortgage payments, prompts companies to cut costs and seek greater efficiencies. To remain competitive, businesses innovate to retain and attract customers in a challenging economic environment. Smaller meal kit distributors that don't generate profit may be forced to exit or risk being acquired. Higher-income consumers will keep their subscriptions intact since meal kits are often convenient. Meal kit delivery services revenue will expand at a CAGR of 2.4% to $9.8 billion through the end of 2029.

Poland Non Financial Enterprises: FI: Year to Date: Accommodation and Food Service Activities data was reported at 88,639.000 PLN th in Sep 2018. This records an increase from the previous number of 73,188.000 PLN th for Jun 2018. Poland Non Financial Enterprises: FI: Year to Date: Accommodation and Food Service Activities data is updated quarterly, averaging 157,564.000 PLN th from Mar 2009 (Median) to Sep 2018, with 39 observations. The data reached an all-time high of 490,281.000 PLN th in Dec 2012 and a record low of 16,698.000 PLN th in Mar 2013. Poland Non Financial Enterprises: FI: Year to Date: Accommodation and Food Service Activities data remains active status in CEIC and is reported by Central Statistical Office. The data is categorized under Global Database’s Poland – Table PL.O015: Non Financial Enterprises Survey: by Industry: Polish Classification of Activities 2007.

The Italian food and beverage catering company Autogrill Group recorded a net financial expense of roughly *** million euros in 2020, denoting a higher loss over the previous year. Autogrill is the world’s largest provider of food & beverage services for travelers and is the recognized leader of the North American and Italian markets. The Group manages a portfolio of some *** brands, both international and local.

Taiwan BS: FB: Food Services data was reported at 67,912.937 NTD mn in Jun 2018. This records an increase from the previous number of 10,009.187 NTD mn for May 2018. Taiwan BS: FB: Food Services data is updated monthly, averaging 35,314.488 NTD mn from Jan 2018 (Median) to Jun 2018, with 6 observations. The data reached an all-time high of 72,150.618 NTD mn in Feb 2018 and a record low of 9,389.074 NTD mn in Jan 2018. Taiwan BS: FB: Food Services data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Taiwan – Table TW.H013: Business Sales: Ministry of Finance.

While shifting consumer preferences and a crowded foodservice landscape, fast food restaurants have maintained a steady pace of growth. Over the five years to 2025, industry revenue has expanded at a CAGR of 3.9%, reaching $417.5 billion. Notably, 2025 alone will experience a 1.1% increase in revenue. The trend towards fast casual dining has bolstered the industry, helping fast food chains hold their ground amid fierce competition. As health awareness continues to rise, consumers demand healthier and alternative options to conventional fast food. To an extent, major chains have met this demand by introducing healthier menu selections. Other innovative measures included investments in meat substitutes and introducing various dietary preferences to attract a broader consumer base. However, the shift towards a healthier lifestyle has somewhat dampened demand for traditional fast food staples, leading to a decline in industry profit. Between 2022 and 2025, fast food restaurants have grappled with surging operational costs, including purchase, utility, rent and labor. The collective force of these cost increases has depressed industry profit, reaching 4.6% of revenue in 2025. Higher minimum wages, especially in California, have been detrimental to fast food restaurant's bottom lines, which subsequently boost technology adoption such as AI drive-thus. Over the next five years, the fast food industry is expected to maintain its growth trajectory, albeit slower. With fast casual restaurants on the rise and consumer spending expected to climb, further revenue growth for the fast food industry is expected. However, the environment is forecast to grow slowly for fast food chains, as many segments within the industry approach saturation. Despite these challenges, successful operations in the industry will likely pivot in response to changing consumer preferences. In this evolving scenario, the concept of fast food is likely to expand beyond its traditional confines to include a broader range of choices. However, intense competition within the industry will continue to put downward pressure on prices, and hence, revenue growth is expected to slow over the next five years. Projections indicate a CAGR of 1.3% over the next five years, bringing the industry revenue to $445.2 billion by 2030.

The fast food chicken industry has displayed robust financial health over the last five years, benefiting from boosted disposable income levels amidst economic growth. A notable shift in consumer habits, with an increased focus on healthy food choices, led industry players to revamp their menus, adding healthier options. As a result of these trends, industry revenue saw an annualized growth of 7.2%, reaching $61.1 billion over the five years to 2024. A predicted increase of 1.9% in 2024 alone helps bolster this trend. The onslaught of COVID-19 dampened travel, leading to a sharp decline in roadside or high-traffic area restaurant visits. Notwithstanding, the industry found resilience in adversity. As stay-at-home orders and business closures came into effect, many started working from home. This new dynamic augmented the demand for fast food, especially delivery services. As a result, there was an uptick in industry services which offset potential decreases in demand. All things considered, the industry's profit margins have fallen over the past five years. Further down the line, the industry's growth is set to continue, albeit at a slower rate, as life settles back into a post-COVID-19 normality. With expectations for people to return to office work and the economy hitting its stride, fast food chicken joints will likely keep expanding their menu with health-conscious options. To that end, an annualized revenue increase of 0.5% is forecasted, reaching $62.6 billion over the next five years to 2030. This indicates a positive outlook for the industry, fueled by adaptations that align with shifting consumer preferences.

Canada's food service contractors industry has faced significant challenges and shifts in recent times, which have been marked by challenges. The emergence of food delivery apps has significantly impacted traditional food service setups, providing consumers with easy ordering options and quick delivery. This has led some organizations to reevaluate the cost-effectiveness of contracting food service providers, especially when sporadic food needs can be met through these apps. The surge in economic activity as employees returned to the office initially sparked renewed investment in outsourced food services, but ongoing economic uncertainties and rising costs have made for a complex landscape. High inflation rates and cost-saving measures by businesses continue to pose hurdles, even as demand from specific inelastic sectors remains steady. Revenue is estimated to have decreased at a CAGR of 10.8% to $3.6 billion over the years to 2024, including a growth of 0.5% in 2024 alone. As revenue has fallen, industry profit has declined over the past five years. Even during periods of lacklustre economic growth, food service contractors are buoyed by consistent demand from healthcare, education and correctional facilities, which are more insulated from the volatility of the broader economy. These segments provide the industry with constant year-to-year demand. Food service contractors typically operate under three- to five-year contracts, which mitigates demand volatility and enables contractors to adjust accurately to production quotas. The exception to this rule is contractors exposed to consumer-driven segments, like sports and leisure facilities, suffer when the economic outlook is uncertain and consumer spending tapers off. Favorable economic conditions will strengthen consumer spending and corporate profit over the next five years, supporting revenue growth. Food service contractors will increasingly focus on adapting to consumer preferences by offering healthier options and increasing their investment in technological advancements. While financial pressures remain, the rise of expenditures in downstream markets will provide fertile ground for growth. Revenue is expected to advance at a CAGR of 2.2% to $4.0 billion over the years to 2029.

China Commerce, Catering & Service Special Equipment: YoY: Financial Expense: Interest Expense: Year to Date data was reported at -12.444 % in Oct 2015. This records a decrease from the previous number of -7.995 % for Sep 2015. China Commerce, Catering & Service Special Equipment: YoY: Financial Expense: Interest Expense: Year to Date data is updated monthly, averaging 6.632 % from Jan 2006 (Median) to Oct 2015, with 89 observations. The data reached an all-time high of 300.000 % in Jun 2006 and a record low of -100.000 % in Apr 2011. China Commerce, Catering & Service Special Equipment: YoY: Financial Expense: Interest Expense: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHX: Environmental, Social Public Service and Other Special Equipment: Commerce, Catering and Service Special Equipment.

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Food and Beverage Stores: Property, Plant, and Equipment (QFR216445USNO) from Q4 2000 to Q1 2025 about plant, beverages, finance, equipment, retail trade, corporate, food, sales, retail, industry, and USA.

Graph and download economic data for Quarterly Financial Report: U.S. Corporations: Food and Beverage Stores: Net Income Retained in Business (QFRNIRB445USNO) from Q4 2000 to Q1 2025 about beverages, finance, retail trade, corporate, business, Net, food, sales, retail, income, industry, and USA.

Gordon Food Service, Inc. Business Operations, Opportunities, Challenges and Risk (SWOT, PESTLE and Porters Five Forces Analysis); Corporate and ESG Strategies; Competitive Intelligence; Financial KPI’s; Operational KPI’s; Recent Trends: “ Read More