February 5, 2013
The out-of-home food and beverage market of
the United States
(US) is growing with the changing consumption pattern of the country. Recovery to the economic slowdown would lead to growth in the industry and market size would be reaching at around
USD 991.8 Billion
by 2018. The industry is driven by increasing per capita disposable income of the country along with rising level of population and female participation to the countries workforce. The increasing level of advertising and promotion for food and beverage by the manufactures are providing an extra edge to the growth of the market. However, few of the challenges faced by the US out-of-home food and beverage market are such as food and beverage safety and security along with rising raw material prices and transportation cost.
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In US, out-of-home food industry is the dominating segment with around 84.06% of the market in terms of the market value and the demand of food is likely to be majorly driven due to changing life style of the society along with consumption patterns of the population. However, the beverage market of US out-of-home segment is majorly driven due to increasing per capita disposable income, changing lifestyle and spending pattern of the individuals. According to"United States Out-of-home Food and Beverage Market Forecast & Opportunities, 2018"figures that by 2018, recreational places will also generate and improve on the out-of-home food and beverages sales. By 2018, out-of-home food and beverages industry is accepted to grow at the CAGR of around 4.5% by value.
The report provides the details about
US out-of-home food and beverage industry
, its growth prospects and opportunities. The report foretells that eating and drinking places will report significant growth in terms of sales as well as demand. It is anticipated that brands which are amended with the latest innovative technology, improved customer service and changing trends are likely to remain dominant in the market. The "United States Out-of-home Food and Beverage Market Forecast & Opportunities, 2018"report elaborates the following particulars:
• Market Size and Forecast till 2018