The report forecasts the foodservice market in the US to grow at a CAGR of 3.33% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One trend driving market growth is the increased demand for healthy and gluten-free food choices. Due to rising celiac disease and gluten intolerance among consumers, foodservice companies are incorporating healthy options like gluten-free food products in their menu. It is estimated that one in 133 million Americans suffer from celiac disease, with 83% undiagnosed. The only treatment for this disease is a gluten (type of protein chiefly found in wheat, barley and rye) free diet. Therefore, most food outlets offer a gluten-free menu option to customers in addition to the regular items. Foodservice units now promote healthy and not just tasty food.
According to the report, a key growth driver is the growing popularity of fast-casual restaurants. A fast-casual restaurant is a fresh and rapidly growing concept. It is a combination of quick-service restaurants and casual dining restaurants. It serves healthier food that is fresh and costs more than the food served in quick-service restaurants. The increase in health consciousness has pushed the demand for this segment. Consumers are willing to pay more for the healthy, fresh, and low-calorie food served at fast-casual restaurants. Panera Bread, Chipotle Mexican Grill, Qdoba Mexican Grill, and Baja Fresh are the top restaurants in this category.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?