North America Foodservice Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.05 Trillion |
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Market Size (2029) | USD 1.81 Trillion |
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Largest Share by Foodservice Type | Quick Service Restaurants |
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CAGR (2024 - 2029) | 11.65 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Foodservice Market Analysis
The North America Foodservice Market size is estimated at 1.05 trillion USD in 2024, and is expected to reach 1.81 trillion USD by 2029, growing at a CAGR of 11.65% during the forecast period (2024-2029).
1.05 Trillion
Market Size in 2024 (USD)
1.81 Trillion
Market Size in 2029 (USD)
6.71 %
CAGR (2017-2023)
11.65 %
CAGR (2024-2029)
Largest Country
79.14 %
value share, United States, 2023
The rapid growth of major brands such as KFC, Domino's, McDonald's, and Pizza Hut and their standard offerings in the United States have led to the market's growth.
Fastest-growing Country
17.96 %
Projected CAGR, Canada, 2024-2029
The consistent rise in immigrants settling across the country over the past few decades has developed a space for multinational cuisines for Canadian residents.
Largest Segment by Foodservice Type
49.62 %
value share, Quick Service Restaurants, 2023
Meat-based cuisines and burgers led to the growth of quick service restaurants. These segments together held around 53% of the total QSR market value in 2022.
Fastest-growing segment by Foodservice Type
20.13 %
Projected CAGR, Cloud Kitchen, 2024-2029
Technological innovations such as mobile ordering and delivery that provide convenience and improve consumer satisfaction have boosted the demand for cloud kitchens.
Leading Market Player
2.59 %
market share, Yum! Brands, Inc., Inc.
The company has a significant presence in the region due to its brand recognition in the market, as it provides chicken, pizza, and Mexican-style meals through its popular brands.
Consumer inclination towards Asian cuisine and technological advancement in the sector, boost the growth of the market
- The quick service restaurants segment was the largest segment in North America in 2022. The market recorded a CAGR of 5.33% from 2017 to 2022, primarily because the QSR industry adapted quickly to the region's poor economy due to the COVID-19 pandemic and inflation. Factors contributing to the popularity of QSRs are low cost and quality, especially in chained outlets. For instance, between September 2021 and January 2022, menu prices in QSR restaurants increased by 1.3%. The average order value in QSRs remained below USD 26 in 2022, whereas the average order value for FSRs was nearly double that value.
- The full service restaurant segment has witnessed sizable growth in the region in recent years. The growth is due to the segment providing various cuisines to various cultures and expanding the menu accordingly. Asian food is said to be one of the fastest-growing cuisines in the United States in both the FSR and QSR segments. The country had more than 38,000 Chinese restaurants, 25,000 Japanese restaurants, and 5,000 Thai restaurants in 2021.
- The cloud kitchens segment is anticipated to see the fastest growth during the forecast period, as it is projected to record a CAGR of 19.35% by value. The cloud kitchen industry has grown owing to technological advancements. The major industry players are also influenced by numerous advancements in database management systems to track the trends in their category. A challenge for the industry in developing economies in the region is that cloud kitchen operators are dependent on the customer base of the delivery platforms they sell on. This becomes a barrier in countries like Mexico, Puerto Rico, and the Dominican Republic, where internet penetration is not sufficiently high.
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Expansion of food delivery platforms and demand for Asian restaurants favor the market
- The primary reason for the expansion of the market in North American countries is the services provided by food delivery platforms and the convenience they provide to both restaurants and customers. These delivery platforms have progressed beyond the Silicon Valley competition in recent years and have grown throughout the United States. These platforms have reached more than 20 million daily active users in North America and have become major industry stakeholders. Some major platforms in North America include DoorDash, GrubHub, Uber Eats, Foodpanda, Instacart, Deliveroo, Postmates, Seamless, and Gopuff.
- The United States held the largest share of the North American foodservice market. The US market recorded a CAGR of 4.13%, by value, during 2017-2022. The growth was attributed to the expansion of the full service restaurants and cloud kitchens, both of which recorded CAGRs of 4.35% and 12.92%, by value, respectively, during 2017-2022.
- The full service restaurants segment in the United States and Canada has seen tremendous growth over the past few years, mainly due to the vast immigrant population in the country. This has increased the demand for cuisines like Asian (especially Indian, Chinese, and Japanese), European, and Middle Eastern over recent years. For instance, Canada accepted a record 431,645 immigrants as permanent residents in 2022. Therefore the Canadian foodservice market is projected to record the fastest CAGR of 17.99%, by value, during the forecast period.
- The post-pandemic recovery of the industry may help in the expansion of the foodservice industry in Mexico. By the end of the forecast period, the country is expected to have over a million QSR outlets and close to 792 cloud kitchens.
North America Foodservice Market Trends
Toronto takes the lead: 758 QSR stores make it the hub of quick service restaurants
- Quick-service restaurant outlets are the most in number; they are expected to register a CAGR of 5.77% over the forecast period. The QSR chains in Canada have been growing despite changing consumer tastes and increasing internal competition. International demand and globalization opportunities allow large-scale operators to expand their footprint into new markets. Toronto is the city with the most QSR outlets in Canada, with 758 stores.
- The expansion of the cloud kitchen market is being driven by the increase in demand for online meal delivery, a desire for international cuisine, and the adoption of tech-savvy ordering systems. Around 49.4% of Canadians have been ordering food online at least once a week after the pandemic. AI is being used to optimize kitchen operations and provide personalized recommendations to customers. Thus, cloud kitchen outlets are expected to register a CAGR of 6.25% over the forecast period.
- FSR outlets are the third fastest-growing in the country, and they are expected to register a CAGR of 5.60% over the forecast period. Canada is a multicultural country, reflected in the international cuisines offered from coast to coast. The immigrant population is also younger than the aging non-immigrant population. In 2021, there were 8.3 million immigrants in Canada. Such factors influence long-term dining trends across the country. British, Thai, Mexican, Middle Eastern, and Lebanese are among the most trending international cuisines in Canada. Therefore, the huge demand for international cuisine enables large-scale, full-service operators to expand their business across the country.
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Full service restaurants rose in the United States in 2022, catering to health-conscious millennials with innovative menus and popular dishes
- In the United States, the average order value was observed as the highest among the full service restaurants in 2022, compared to other foodservice types with a price of USD 39. Chef-driven dining-out restaurants are on the rise as more professionally trained and celebrity chefs focus on benefiting from the growth provided by the FSR. Professionally trained chefs also offer more innovative menus and proprietary recipes to satisfy the needs of the growing taste and health-conscious millennials. Popular dishes offered by the FSR cuisines are Burritos, Chilaquiles, and poke bowls. These cuisines are priced at USD 10, USD 13.5, and USD 17.95, respectively.
- The demand for quick service restaurants is expected to increase due to changes in consumer behavior, people's busy schedules, and growing e-commerce channel penetration. Quick service restaurants are particularly popular with young people since they offer takeaway, home delivery, and many other services to enhance customer experiences and keep up with modernization. With the growing appetite for fast food among American consumers, the average order value for quick service restaurants increased by 16.23% over the study period. In 2022, popular fast food items, including burgers, pizzas, sausages, and meatballs, were priced at USD 8.75, USD 16, USD 8.5, and USD 9.8, respectively. The popularity of chicken in recent years has led American restaurant chains to expand their menu selections. In 2021, 21% of consumers increased their taste for chicken. Thus, many QSR and FSR restaurants include fried chicken in their menus. This consumer demand shift will force operators to compete for the most satisfying offering.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Quick service restaurants are Mexico's most popular dining options, with Burger King, O'Tacos, McDonald's, and Starbucks leading the pack.
- Consumer behavior and demand for burgers, sandwiches, and pizza drive the market in Canada
- The growing popularity of Indian cuisine, the rise in cloud kitchens, and online food delivery driving average order values in the United States
- A wider variety of menu items and upscale dining experiences at full service restaurants in Mexico
North America Foodservice Industry Overview
The North America Foodservice Market is fragmented, with the top five companies occupying 8.73%. The major players in this market are Darden Restaurants, Inc., Doctor's Associates, Inc., Inspire Brands, Inc., Starbucks Corporation and Yum! Brands, Inc. (sorted alphabetically).
North America Foodservice Market Leaders
Darden Restaurants, Inc.
Doctor's Associates, Inc.
Inspire Brands, Inc.
Starbucks Corporation
Yum! Brands, Inc.
Other important companies include Bloomin' Brands, Inc., Boston Pizza International Inc., Brinker International, Inc., Domino's Pizza Inc., Jab Holding Company S.À.R.L., McDonald's Corporation, Papa John's International, Inc., Restaurant Brands International Inc., Seven & I Holdings Co., Ltd., The Wendy's Company.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Foodservice Market News
- January 2023: Bloomin' Brands declared that its brand Outback Steakhouse opened its redesigned stores in Spring's Grand Parkway Marketplace.
- December 2022: 7-Eleven announced that it started increasing its footprint in Canada by converting a number of its restaurants into authorized outlets with fine dining seating.
- November 2022: Starbucks unveiled the new Starbucks Reserve Empire State Building store. This unique store celebrates connecting over coffee through innovative experiences such as immersive, hands-on workshops, guided tasting flights, and new coffee beverages and craft cocktails. An extended artisan menu of Princi food is only available at this location.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country level metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various countries on number of outlets, average order values, and menu analysis by foodservice channels, cuisine specific insights related to full service restaurants and quick service restaurants, market trends and market size insights on cafes, bars & pubs, juice/smoothies bars, specialty tea and coffee shops, and cloud kitchen etc.
North America Foodservice Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Number Of Outlets
- 4.1.1 Canada
- 4.1.2 Mexico
- 4.1.3 United States
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4.2 Average Order Value
- 4.2.1 Canada
- 4.2.2 Mexico
- 4.2.3 United States
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4.3 Regulatory Framework
- 4.3.1 Canada
- 4.3.2 Mexico
- 4.3.3 United States
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Foodservice Type
- 5.1.1 Cafes & Bars
- 5.1.1.1 By Cuisine
- 5.1.1.1.1 Bars & Pubs
- 5.1.1.1.2 Cafes
- 5.1.1.1.3 Juice/Smoothie/Desserts Bars
- 5.1.1.1.4 Specialist Coffee & Tea Shops
- 5.1.2 Cloud Kitchen
- 5.1.3 Full Service Restaurants
- 5.1.3.1 By Cuisine
- 5.1.3.1.1 Asian
- 5.1.3.1.2 European
- 5.1.3.1.3 Latin American
- 5.1.3.1.4 Middle Eastern
- 5.1.3.1.5 North American
- 5.1.3.1.6 Other FSR Cuisines
- 5.1.4 Quick Service Restaurants
- 5.1.4.1 By Cuisine
- 5.1.4.1.1 Bakeries
- 5.1.4.1.2 Burger
- 5.1.4.1.3 Ice Cream
- 5.1.4.1.4 Meat-based Cuisines
- 5.1.4.1.5 Pizza
- 5.1.4.1.6 Other QSR Cuisines
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5.2 Outlet
- 5.2.1 Chained Outlets
- 5.2.2 Independent Outlets
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5.3 Location
- 5.3.1 Leisure
- 5.3.2 Lodging
- 5.3.3 Retail
- 5.3.4 Standalone
- 5.3.5 Travel
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5.4 Country
- 5.4.1 Canada
- 5.4.2 Mexico
- 5.4.3 United States
- 5.4.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Bloomin' Brands, Inc.
- 6.4.2 Boston Pizza International Inc.
- 6.4.3 Brinker International, Inc.
- 6.4.4 Darden Restaurants, Inc.
- 6.4.5 Doctor's Associates, Inc.
- 6.4.6 Domino's Pizza Inc.
- 6.4.7 Inspire Brands, Inc.
- 6.4.8 Jab Holding Company S.À.R.L.
- 6.4.9 McDonald's Corporation
- 6.4.10 Papa John's International, Inc.
- 6.4.11 Restaurant Brands International Inc.
- 6.4.12 Seven & I Holdings Co., Ltd.
- 6.4.13 Starbucks Corporation
- 6.4.14 The Wendy's Company
- 6.4.15 Yum! Brands, Inc.
7. KEY STRATEGIC QUESTIONS FOR FOODSERVICE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- NUMBER OF OUTLET UNITS BY FOODSERVICE CHANNELS, CANADA, 2017 - 2029
- Figure 2:
- NUMBER OF OUTLET UNITS BY FOODSERVICE CHANNELS, MEXICO, 2017 - 2029
- Figure 3:
- NUMBER OF OUTLET UNITS BY FOODSERVICE CHANNELS, UNITED STATES, 2017 - 2029
- Figure 4:
- AVERAGE ORDER VALUE BY FOODSERVICE CHANNELS, USD, CANADA, 2017 VS 2022 VS 2029
- Figure 5:
- AVERAGE ORDER VALUE BY FOODSERVICE CHANNELS, USD, MEXICO, 2017 VS 2022 VS 2029
- Figure 6:
- AVERAGE ORDER VALUE BY FOODSERVICE CHANNELS, USD, UNITED STATES, 2017 VS 2022 VS 2029
- Figure 7:
- NORTH AMERICA FOODSERVICE MARKET, VALUE, USD, 2017 - 2029
- Figure 8:
- VALUE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY FOODSERVICE TYPE, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 10:
- VALUE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, USD, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 12:
- VALUE OF FOODSERVICE MARKET VIA BARS & PUBS, USD, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE SHARE OF BARS & PUBS FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 14:
- VALUE OF FOODSERVICE MARKET VIA CAFES, USD, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE SHARE OF CAFES FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 16:
- VALUE OF FOODSERVICE MARKET VIA JUICE/SMOOTHIE/DESSERTS BARS, USD, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF JUICE/SMOOTHIE/DESSERTS BARS FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 18:
- VALUE OF FOODSERVICE MARKET VIA SPECIALIST COFFEE & TEA SHOPS, USD, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF SPECIALIST COFFEE & TEA SHOPS FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 20:
- VALUE OF CLOUD KITCHEN FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF CLOUD KITCHEN FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 22:
- VALUE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 24:
- VALUE OF ASIAN FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF ASIAN FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 26:
- VALUE OF EUROPEAN FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF EUROPEAN FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 28:
- VALUE OF LATIN AMERICAN FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF LATIN AMERICAN FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 30:
- VALUE OF MIDDLE EASTERN FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF MIDDLE EASTERN FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 32:
- VALUE OF NORTH AMERICAN FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF NORTH AMERICAN FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 34:
- VALUE OF OTHER FSR CUISINES MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF OTHER FSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 36:
- VALUE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, NORTH AMERICA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 38:
- VALUE OF BAKERIES FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF BAKERIES FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 40:
- VALUE OF BURGER FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE SHARE OF BURGER FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 42:
- VALUE OF ICE CREAM FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF ICE CREAM FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 44:
- VALUE OF MEAT-BASED CUISINES FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF MEAT-BASED CUISINES FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 46:
- VALUE OF PIZZA FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF PIZZA FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 48:
- VALUE OF OTHER QSR CUISINES FOODSERVICE MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF OTHER QSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, NORTH AMERICA, 2022 VS 2029
- Figure 50:
- VALUE OF FOODSERVICE MARKET BY OUTLET, USD, NORTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY OUTLET, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 52:
- VALUE OF FOODSERVICE MARKET VIA CHAINED OUTLETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF CHAINED OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 54:
- VALUE OF FOODSERVICE MARKET VIA INDEPENDENT OUTLETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF INDEPENDENT OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 56:
- VALUE OF FOODSERVICE MARKET BY LOCATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 57:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY LOCATION, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 58:
- VALUE OF FOODSERVICE MARKET VIA LEISURE LOCATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF LEISURE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 60:
- VALUE OF FOODSERVICE MARKET VIA LODGING LOCATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 61:
- VALUE SHARE OF LODGING FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 62:
- VALUE OF FOODSERVICE MARKET VIA RETAIL LOCATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 63:
- VALUE SHARE OF RETAIL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 64:
- VALUE OF FOODSERVICE MARKET VIA STANDALONE LOCATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF STANDALONE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 66:
- VALUE OF FOODSERVICE MARKET VIA TRAVEL LOCATION, USD, NORTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE SHARE OF TRAVEL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 68:
- VALUE OF FOODSERVICE MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 69:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY COUNTRY, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 70:
- VALUE OF FOODSERVICE MARKET, USD, CANADA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, %, CANADA, 2022 VS 2029
- Figure 72:
- VALUE OF FOODSERVICE MARKET, USD, MEXICO, 2017 - 2029
- Figure 73:
- VALUE SHARE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, %, MEXICO, 2022 VS 2029
- Figure 74:
- VALUE OF FOODSERVICE MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 75:
- VALUE SHARE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, %, UNITED STATES, 2022 VS 2029
- Figure 76:
- VALUE OF FOODSERVICE MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 78:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2019 - 2023
- Figure 79:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2019 - 2023
- Figure 80:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Foodservice Industry Segmentation
Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location. Canada, Mexico, United States are covered as segments by Country.
- The quick service restaurants segment was the largest segment in North America in 2022. The market recorded a CAGR of 5.33% from 2017 to 2022, primarily because the QSR industry adapted quickly to the region's poor economy due to the COVID-19 pandemic and inflation. Factors contributing to the popularity of QSRs are low cost and quality, especially in chained outlets. For instance, between September 2021 and January 2022, menu prices in QSR restaurants increased by 1.3%. The average order value in QSRs remained below USD 26 in 2022, whereas the average order value for FSRs was nearly double that value.
- The full service restaurant segment has witnessed sizable growth in the region in recent years. The growth is due to the segment providing various cuisines to various cultures and expanding the menu accordingly. Asian food is said to be one of the fastest-growing cuisines in the United States in both the FSR and QSR segments. The country had more than 38,000 Chinese restaurants, 25,000 Japanese restaurants, and 5,000 Thai restaurants in 2021.
- The cloud kitchens segment is anticipated to see the fastest growth during the forecast period, as it is projected to record a CAGR of 19.35% by value. The cloud kitchen industry has grown owing to technological advancements. The major industry players are also influenced by numerous advancements in database management systems to track the trends in their category. A challenge for the industry in developing economies in the region is that cloud kitchen operators are dependent on the customer base of the delivery platforms they sell on. This becomes a barrier in countries like Mexico, Puerto Rico, and the Dominican Republic, where internet penetration is not sufficiently high.
| Foodservice Type | Cafes & Bars | By Cuisine | Bars & Pubs |
| Cafes | |||
| Juice/Smoothie/Desserts Bars | |||
| Specialist Coffee & Tea Shops | |||
| Foodservice Type | Cloud Kitchen | ||
| Full Service Restaurants | By Cuisine | Asian | |
| European | |||
| Latin American | |||
| Middle Eastern | |||
| North American | |||
| Other FSR Cuisines | |||
| Quick Service Restaurants | By Cuisine | Bakeries | |
| Burger | |||
| Ice Cream | |||
| Meat-based Cuisines | |||
| Pizza | |||
| Other QSR Cuisines | |||
| Outlet | Chained Outlets | ||
| Independent Outlets | |||
| Location | Leisure | ||
| Lodging | |||
| Retail | |||
| Standalone | |||
| Travel | |||
| Country | Canada | ||
| Mexico | |||
| United States | |||
| Rest of North America |
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Market Definition
- FULL-SERVICE RESTAURANTS - A foodservice establishment where customers are seated at a table, give their order to a server and are served food at a table.
- QUICK SERVICE RESTAURANTS - A foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables.
- CAFES & BARS - A type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars.
- CLOUD KITCHEN - A foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers.
| Keyword | Definition |
|---|---|
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark. |
| Asian cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Chinese, Indian, Korean, Japanese, Bengali, Southeast Asian, etc. |
| Average Order Value | It is the average value of all orders made by the customers at a foodservice establishment. |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig. |
| Bars & Pubs | It is a drinking establishment that is licensed to serve alcoholic drinks for consumption on the premises. |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| BRC | British Retail Consortium |
| Burger | It is a sandwich consisting of one or more cooked beef patties, placed inside a sliced bread roll or bun roll. |
| Café | It is a foodservice establishment serving various refreshments (mainly coffee) and light meals. |
| Cafes & Bars | It is a type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars. |
| Cappuccino | It is an Italian coffee drink that is traditionally prepared with equal parts double espresso, steamed milk, and steamed milk foam. |
| CFIA | Canadian Food Inspection Agency |
| Chained Outlet | It refers to a foodservice establishment that shares brands, operates in several locations, has central management, and standardized business practices. |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Cloud Kitchen | It is a foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers. |
| Cocktail | It is an alcoholic mixed drink made with either a single spirit or a combination of spirits, mixed with other ingredients such as juices, flavored syrups, tonic water, shrubs, and bitters. |
| Edamame | It is a Japanese dish prepared with soybeans (harvested before they ripen or harden) and cooked in its pod. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Espresso | It is a concentrated form of coffee, served in shots. |
| European cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Italian, French, German, English, Dutch, Danish, etc. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Full service restaurant | It refers to a foodservice establishment where customers are seated at a table, give their order to a server, and are served food at a table. |
| Ghost Kitchen | It refers to a cloud kitchen. |
| GLA | Gross Leasable Area |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grain-fed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Independent Outlet | It refers to a foodservice establishment that operates with a single outlet or is structured as a small chain with no more than three locations. |
| Juice | It is a drink made from the extraction or pressing of the natural liquid contained in fruit and vegetables. |
| Latin American | It includes full-service offerings in restaurants that serve cuisines from cultures such as Mexican, Brazilian, Argentinian, Colombian, etc. |
| Latte | It is a milk-based coffee that is made up of one or two shots of espresso, steamed milk, and a thin layer of frothed milk. |
| Leisure | It refers to foodservice offered as a part of a recreation business, such as sports arenas, zoos, movie theaters, and museums. |
| Lodging | It refers to foodservice offerings at hotels, motels, guesthouses, holiday homes, etc. |
| Macchiato | It is an espresso coffee drink with a small amount of milk, usually foamed. |
| Meat-based cuisines | This inlcudes food items like fried chicken, steak, ribs, etc. where meat is the primary ingredient for the dish. |
| Middle Eastern cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Arabic, Lebanese, Iranian, Israeli, etc. |
| Mocktail | It is an non-alcoholic mixed drink. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| North American | It includes full-service offerings in restaurants that serve cuisines from cultures such as American, Canadian, Caribbean, etc. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| PDO | Protected Designation of Origin: It is the name of a geographical region or specific area that is recognized by official rules to produce certain foods with special characteristics related to location. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Pizza | It is a dish made typically of flattened bread dough spread with a savory mixture usually including tomatoes and cheese and often other toppings and baked. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quick service restaurant | It refers to a foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables. |
| Retail | It refers to a foodservice outlet inside a mall. shopping complex or a commercial real estate building, where there are other businesses operating as well. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kiosk | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Smoothie | It is a beverage made by placing all the ingredients in a container and processing them together, without removing the pulp. |
| Specialty coffee & tea shops | It refers to a foodservice establishment that serves only various types of tea or coffee. |
| Standalone | It refers to a restaurants that have an independent infrastructure setup and not connected to any other business. |
| Sushi | It is a Japanese dish of prepared vinegared rice, usually with some sugar and salt, accompanied by a variety of ingredients, such as seafood—often raw—and vegetables. |
| Travel | It refers to foodservice offerings such as airplane food, dining on long-distance trains, and foodservice on cruise ships. |
| Virtual Kitchen | It refers to a cloud kitchen. |
| Wagyu Beef | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for the market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market size estimations for the forecast years are in nominal terms. Inflation is considered for average order value, and it is forecasted as per predicted inflation rates in the countries.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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