DUBLIN, October 31, 2017 /PRNewswire/ --
The "Foodservice Market in the US 2017-2021" report has been added to Research and Markets' offering.
The report forecasts the foodservice market in the US to grow at a CAGR of 5.56% during the period 2017-2021.
The report, Foodservice Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the trends that are expected to drive the growth of the market during the forecast period is the increasing popularity of food trucks among consumers. Food trucks mainly offering ethnic foods have gained popularity in the Texas state of the US. Whereas, the number of food trucks in the North Carolina has almost tripled during the last five years. Thus, indicating the popularity of the food trucks among consumers.
According to the report, one of the major drivers for this market is effective marketing campaigns. Fast food restaurants; cafs; QSRs; and other commercial foodservice outlets heavily depend on effective marketing; advertising; and product campaigns by the players, to maximize the sales of their brands and to make consumers aware of their new product offerings. Many major players in the market regularly advertise their products/food items via electronic and print media. However, in this ongoing era of digitalization, many companies like McDonald's; Taco Bell; Pizza Hut; Dominos; and KFC are inching toward digital and online marketing methods.
Further, the report states that one of the major factors hindering the growth of this market is fluctuations in raw material prices. A major challenge for almost all the types of foodservice outlets is the fluctuation in the prices of food commodities and raw materials such as sugar and dairy products, which are vital for the preparation of coffee; tea; and others. In 2015, El Nio brought about floods in Southeast Asia and downpours in South America. Crops of sugar and palm oil, in particular, were destroyed. During the last quarter of 2015, the global sugar prices shot up considerably. Also, in 2015, the prices of meat and vegetables surged to 3%-5% compared to 2014.
- Dunkin' Brands Group
- Restaurant Brands International
- Yum Brands
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Food Service Type
Part 07: Market Growth Outlook Of Various Types Of Foodservice System
Part 08: Key Leading States
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
For more information about this report visit https://www.researchandmarkets.com/research/k5mltp/foodservice
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SOURCE Research and Markets