Key Highlights
- The global foodservice industry revenue is projected to reach approximately $4.1 trillion in 2023
- U.S. foodservice sales are expected to total $894 billion in 2023
- The fast-casual restaurant segment accounts for roughly 40% of total U.S. restaurant sales
- Delivery accounted for about 11% of total restaurant sales in the U.S. in 2023
- Approximately 70% of consumers prefer to order food via mobile apps
- The number of people dining out in the U.S. increased by 6% in 2023 compared to the previous year
- 65% of foodservice operators reported an increase in profit margins in 2023
- The number of quick-service restaurants worldwide surpassed 200,000 in 2023
- Vegan and plant-based menu items are present in 52% of U.S. restaurants in 2023
- The average spending per person on dining out in the U.S. is approximately $45 per week in 2023
- Over 60% of restaurants offer gluten-free options
- The use of contactless payments in foodservice settings increased by 35% in 2023
- The global food delivery market is expected to grow at a CAGR of 8.5% from 2023 to 2030
The foodservice industry is roaring into 2023 with a staggering $4.1 trillion global revenue, showcasing rapid growth in delivery, plant-based options, and digital innovation, fundamentally transforming the way consumers dine and restaurants operate worldwide.
Consumer Behavior and Preferences
- Approximately 70% of consumers prefer to order food via mobile apps
- The number of people dining out in the U.S. increased by 6% in 2023 compared to the previous year
- The average spending per person on dining out in the U.S. is approximately $45 per week in 2023
- Over 60% of restaurants offer gluten-free options
- About 41% of Americans say they eat fast food at least once a week
- 33% of consumers are more likely to choose a restaurant if it offers locally sourced ingredients
- 80% of diners prefer to see nutritional information on restaurant menus
- The average age of restaurant customers in the U.S. is 43 years old in 2023
- Nearly 50% of consumers order food online for delivery or takeout at least once a week
- 72% of restaurant owners believe that delivery has become essential for their business
- 55% of consumers say they’re willing to pay more for sustainably sourced ingredients
- The percentage of restaurant-goers who prefer outdoor dining increased by 15% in 2023
- Millennials account for approximately 40% of all restaurant spending in the U.S.
- The average check size per visit in fine dining restaurants in the U.S. is around $70 in 2023
- The share of vegetarian and vegan options in menus increased by 20% in 2023
- 65% of customers in the foodservice industry are influenced by online reviews before dining out
- The bounce rate for restaurant websites decreased by 10% in 2023 due to improved user experience
- The percentage of restaurants participating in loyalty programs increased to 65% in 2023
- The percentage of restaurants offering virtual or hybrid dining options increased by 14% in 2023
Consumer Behavior and Preferences Interpretation
Market Size and Revenue Trends
- The global foodservice industry revenue is projected to reach approximately $4.1 trillion in 2023
- U.S. foodservice sales are expected to total $894 billion in 2023
- The fast-casual restaurant segment accounts for roughly 40% of total U.S. restaurant sales
- Delivery accounted for about 11% of total restaurant sales in the U.S. in 2023
- 65% of foodservice operators reported an increase in profit margins in 2023
- The number of quick-service restaurants worldwide surpassed 200,000 in 2023
- The global food delivery market is expected to grow at a CAGR of 8.5% from 2023 to 2030
- 45% of U.S. restaurant owners reported increased revenue in 2023
- The number of craft beverages served in restaurants increased by 18% in 2023
- The total number of hotels with in-house restaurants worldwide exceeds 50,000 in 2023
- The number of loyalty programs in foodservice reached over 150,000 active programs globally in 2023
- The plant-based protein market in foodservice is projected to grow by 21% annually through 2025
- The global organic foodservice market share is estimated to be 17% in 2023
- The number of fast-casual restaurant locations worldwide surpassed 25,000 in 2023
- The global gourmet food market size in the foodservice sector is valued at approximately $115 billion in 2023
- The number of cafes with third-wave coffee offerings grew by 16% in 2023
- The global snack food market in foodservice is valued at around $95 billion in 2023
- The average number of meals served per day in a typical restaurant in the U.S. is approximately 350 in 2023
Market Size and Revenue Trends Interpretation
Menu Innovation and Offerings
- Vegan and plant-based menu items are present in 52% of U.S. restaurants in 2023
- The number of multicultural cuisine options in menus increased by 12% in 2023 worldwide
Menu Innovation and Offerings Interpretation
Operational and Sustainability Initiatives
- The average restaurant in the U.S. has about 22 employees
- 25% of foodservice establishments in the U.S. adopted eco-friendly practices in 2023
- Food waste reduction initiatives are now adopted by 65% of foodservice establishments worldwide in 2023
- 85% of restaurant staff report feeling prepared for health and safety inspections in 2023
- The use of eco-friendly packaging increased by 28% among foodservice establishments in 2023
- 52% of foodservice businesses report difficulty in finding skilled labor in 2023
- The overall sustainability efforts, including waste reduction and sourcing, improved in 55% of foodservice operations globally in 2023
- 58% of restaurant chains have implemented some form of green building or energy efficiency measures in 2023
Operational and Sustainability Initiatives Interpretation
Technology Adoption and Digital Trends
- The use of contactless payments in foodservice settings increased by 35% in 2023
- 78% of restaurant operators report investing in digital marketing in 2023
- Technology investments, such as AI ordering systems, increased by 23% in 2023 among foodservice operators
- The use of social media advertising by restaurants increased by 30% in 2023
- Food service automation, including self-order kiosks, grew by 15% in 2023
- The adoption of digital menu boards by restaurants increased by 22% in 2023
- The percentage of foodservice menus that are now digitally accessible increased to 88% in 2023
Technology Adoption and Digital Trends Interpretation
Sources & References
- Reference 1ENERGYResearch Publication(2024)Visit source
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- Reference 3FOODDIVEResearch Publication(2024)Visit source
- Reference 4TECHNOMICResearch Publication(2024)Visit source
- Reference 5RESTAURANTBUSINESSONLINEResearch Publication(2024)Visit source
- Reference 6SUSTAINABLEFOODSERVICEResearch Publication(2024)Visit source
- Reference 7GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 8EATERResearch Publication(2024)Visit source
- Reference 9WASTEDFOODResearch Publication(2024)Visit source
- Reference 10SOCIALMEDIAEXPLORERResearch Publication(2024)Visit source
- Reference 11FOODBUSINESSNEWSResearch Publication(2024)Visit source
- Reference 12NPDResearch Publication(2024)Visit source
- Reference 13REVIEWTRACKERSResearch Publication(2024)Visit source
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- Reference 20ECONSULTANCYResearch Publication(2024)Visit source
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- Reference 22PACKAGINGDIGESTResearch Publication(2024)Visit source
- Reference 23WEBDESIGNERDEPOTResearch Publication(2024)Visit source
- Reference 24BEVNETResearch Publication(2024)Visit source
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