United States Out-Of-Home Food And Beverage Market Is Expected to Boom Says TechSci Research
Changing consumption pattern that saves time and increasing per capita income post recovery of economic slowdown are heading towards the demand of Out-of-home food and beverages industry to grow at faster pace
Burnaby (I-Newswire) February 1, 2013 - With the increasing population and penetration for out-of-home food and drinks in United States, the market for away from home food and beverages is anticipated to grow at the CAGR of around 5% from2013-2018 and would record around USD 991.8 Billion by 2018. US food or drinks service outlets are facilitated to serve meals, snacks or drinks for immediate consumption. The increasing participation of female population to workforce has further increased the demand of food away from home.
According to the recent report published by TechSci Research named as ‘The United States Out-of-home Food and Beverage Market Forecast &Opportunities, 2018’, the growth in the out-of-home food and beverage industry is majorly driven by sales generated in the eating and drinking places, as they accounts for the majority of sales in terms of value with 76.90% and 75.96% of the share for food and beverages respectively. Along with increasing health consciousness in US population, food and drinks market share are growing at rapid pace.
The increasing level of advertising and promotions 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 rising transportation costs. With growing size and increasing per capita disposable income of the USgives huge opportunities for the brands to improve their sales and market share. The report has predicted the future growth potential of out-of-home food and beverage in USand provides the statisticalinformation on market structure, trends and opportunities.
The report also includes segmental market projections and demand forecasting. It has intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in industry
About TechSci Research
TechSci Research is a global market research and consulting company which provides research solution More..s to its customers worldwide, spanning a range of verticals.
The company provides syndicated research reports, custom research solutions, data analytics and online paneling services for a variety of industry verticals including IT & Telecom, Pharmaceuticals & Healthcare, Automotive, BFSI, Retail and Consumer Goods. These solutions and services include Customer Satisfaction Studies, Competitive and Business Intelligence, Channel Partner Research, Market Opportunity Assessment, Brand Health Trackers, Disease and Treatment Patterns, Brand Assessment and Buyer Behavior Studies and many more…..Less..
2950, Boundary Road,Burnaby, British Columbia,
Phone : 16463601656
Published On:February 1, 2013
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
HoustonSouth.DirectBuy.com Updates Catalog for Outdoor Furniture and Appliances
America's First LGBT Chamber of Commerce Announces World's First Virtual Local Business Expo
Trinity Insurance Offering Nation-wide Third Party Administrator Services
Avasant Continues Its Expansion into Europe
Coniland Development Limited Chose Panama Estate