Back on the Menu: Rising demand for travel combined with business food service demand will speed industry recovery
Food Service Contractors in the US The Food Service Contractors industry has performed well over the five years to 2019. The industry, which provides food services at institutional, governmental, commercial or industrial locations, has benefited from an increase in spending of downstream customers on discretionary items. Furthermore, increased business and consumer spending over the past five years has contributed to overall industry expansion. The increased propensity of businesses, facilities and institutions to outsource their food services has also supported industry operators during the current period. As a result of improving economic conditions, industry revenue has increased over the past five years. Over the five years to 2024, industry revenue is forecast to continue to rise as the economic landscape will likely continue to benefit industry operators. Consumer spending and corporate profit are both projected to expand, enabling more consumers and businesses to increase spending at food service locations.
Operators in the Food Service Contractors provide food services at institutional, governmental, commercial or industrial locations. Examples of facilities where food services are provided include airports, food courts, college and university cafeterias and recreation and sports venues.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Household Consumption Expenditure
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