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Foodservice Market in the US: Increased snacking and indulgence consumption to drive growth
Food consumption patterns and preferences have undergone a notable change, as many consumers are replacing their routine meals with on-the-go snacks and light meals. Fast-paced lifestyles often compel consumers to skip their meals and consume on-the-go food. Similarly, the consumption of bakery products, such as doughnuts, bread, rolls, pies, and other similar products for breakfast, has surged in the US. The nutritional level of such products can be strengthened by using different kinds of bread, such as whole wheat or multigrain, and healthy ingredients. A large percentage of consumers prefer premium and prepared snacks and are open to trying new and different flavors. Consequently, the demand for snacking at cafes and bars has increased significantly in the US.
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As per Technavio, the increasing demand for allergen-free dining will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Foodservice Market In the US: Increasing demand for allergen-free dining.
There is a significant rise in eating establishments in the US. Due to this factor, restaurants are coming up with new menus to cater to the special food needs of people, such as gluten- and other-allergen-free menus. It is also observed that people who are allergic to gluten tend to visit such eateries repeatedly and become loyal customers. Furthermore, most times, gluten-free foods are prepared carefully in hygienic kitchens in a bid to prevent cross-contamination. The demands for gluten-free restaurants and eateries are increasing from different consumer quarters, especially from people affected with celiac disease. Thus, allergen-free dining will fuel the foodservice market in the US during the forecast period.
"The consumption of bakery products and steady growth in demand for premium food varieties will further boost market growth during the forecast period", says a senior analyst at Technavio.
Foodservice Market In the US: Major Vendors
- Chick-fil-A Inc.
- Doctors Associates LLC
- Dunkin Brands Group Inc.
- McDonald Corp.
- Restaurant Brands International Inc.
Foodservice Market In the US: Segmentation Analysis
This market research report segments the foodservice market in the US by type (Fast foodservice, Restaurant, Cafés and Bars, Delivery and take away, and Others) and foodservice system (Conventional, Centralized, Ready-prepared, and Assembly-serve).
The US region led the foodservice market in the US in 2021, followed by respectively. During the forecast period, the US region is expected to register the highest incremental growth due to factors such as changing lifestyles of consumers.
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Related Reports on Consumer Discretionary Include:
Global Fast-Food Market- The fast-food market is segmented by product (non-vegetarian fast food and vegetarian fast food) and geography (North America, APAC, Europe, South America, and MEA).
To get extensive research insights: Download FREE Sample Report
Global Fast Casual Restaurants Market- The fast-casual restaurants market is segmented by cuisine type (North American, Italian, Mexican, and others) and Geography (North America, APAC, Europe, South America, and MEA).
To get extensive research insights: Download FREE Sample Report
Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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