Home research company The size of the catering market will grow by USD 157.03 billion...

The size of the catering market will grow by USD 157.03 billion | Market Insights Highlights Increase in Snack, Snack Consumption as Key Driver | Technavio |

16
0


NEW YORK, January 3, 2022 / PRNewswire / – According to the research report “United States Catering Market by Type and Catering System – Forecast and Analysis 2021-2025“The market will experience annual growth of 62.00% in 2021 at a CAGR of 2.50% during the forecast period. Moreover, this report broadly covers market segmentation by type (fast food service, restaurant, cafes and bars, delivery and take-out, and others) and the catering system (conventional, centralized, ready-to-serve and assembly-service).

For more information on YOY and CAGR, Read our FREE sample report

Supplier Information

The size of the catering market in the United States is and is expected to remain fragmented as vendors deploy various organic and inorganic growth strategies to occupy the catering market share.

Changing economic conditions; consumer purchasing habits; consumer tastes: regional, national and local economic conditions; and demographic trends affect the standard of living of consumers and the business operations of sellers. Market vendors should focus more on the growth prospects of the fast growing segment while maintaining their positions in the slow growing sectors to make the most of the opportunity.

The profiles offer information on the production, competitive landscape, sustainability and outlook for leading companies, including:

  • Chick-fil-A Inc.
  • Associate Doctors LLC
  • Dunkin Brands Group Inc.
  • McDonald’s Corp.
  • International Restaurant Brands Inc.
  • Starbucks Corp.
  • YUM! Trademarks Inc.

Discover additional highlights on the growth strategies adopted by suppliers and their product offerings, Read a free sample report.

Geographic market analysis

According to our research report, the United States will contribute 100% to the growth of the global market and is expected to dominate the market until 2025. The size of the catering market in the United States is divided into two branches, the regions to fast growing and slow growing regions. . The increase in the number of fast-casual restaurants is particularly stimulating the growth of the catering market in high-growth regions. The fast-growing catering market is driven by new technological advances. Restaurant operators are increasingly relying on smartphone technology to promote their establishments and increase the pace of online orders. The overall catering market in United States is expected to grow at a moderate pace during the forecast period.

Learn more about the geographic spread of this market along with the detailed analysis of major regions. https://www.technavio.com/report/foodservice-market-in-us-industry-analysis

Analysis of key segments

The conventional catering systems segment is expected to experience steady growth in demand during the forecast period. Conventional food service providers ensure that the food is freshly prepared and personalized to customer tastes. Before being served to consumers, food is stored in containers for a short period of time. Schools, universities, restaurants and cafeterias are among the places where this catering system is implemented.

The main driver of the conventional restoration system is:

  • Good quality food, as it is prepared on site
  • Flexibility in the menu
  • Food is served right after preparation

See a FREE sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Main market drivers and trends:

The increase in the consumption of snacks and treats is notably driving the growth of the foodservice market in the United States, as many consumers replace their routine meals with take-out snacks and light meals. In the United States, vendors offer many healthy foods, such as donuts, breads, rolls, pies, sandwiches, and other similar breakfast items that contain healthy ingredients.

Although consumers have become more health conscious and prefer healthy snacks, the demand for higher quality types of food such as premium donuts, cakes, cookies and pastries has been steadily increasing. . The other factors driving the catering market in the United States are the changing lifestyles of consumers and the growing demand for allergen-free meals. In addition, the demands for gluten-free restaurants and restaurants are increasing from different consumers, especially those with celiac disease. Thus, allergen-free meals will fuel the catering market in United States during the forecast period.

Download a free sample for highlights on the market drivers and trends affecting the restaurant market in the United States.

Customize your report

Don’t miss the opportunity to speak to our analyst and learn more about this market report. Our analysts can also help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and provide you with personalized data in a short period of time.

We offer 1000 USD FREE personalization value at time of purchase. Talk to our analyst now!

Associated reports:

Food delivery market in India by Order Method and Payment Method – Forecast and Analysis 2022-2026

Foodservice market in the United States

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 4% CAGR

Market growth 2021-2025

$ 157.03 billion

Market structure

Fragmented

Annual growth (%)

2.50

Regional analysis

we

Efficient contribution to the market

100% United States

Main consumer countries

we

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Chick-fil-A Inc., Doctors Associates LLC, Dunkin Brands Group Inc., McDonald Corp., Restaurant Brands International Inc., Starbucks Corp. and YUM! Trademarks Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID 19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio research

Jesse maida

Communication and Marketing Officer

United States: +1 844 364 1100

United Kingdom: +44 203 893 3200

Email: [email protected]

Website:www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/foodservice-market-size-to-grow-by-usd-157-03-billion–market-insights-highlights-the–increased-snacking-and- indulgence-consumption-as-key-driver-technavio-301452244.html

SOURCE Technavio



Source link