In a new forecast by researchandmarkets.com they announced that in the United States Out-of-Home Food and Beverage Market is accepted to grow at the CAGR of around 4.5% by 2018. That tops forecast numbers for the grocery sector and c-store sectors. Here is a look at the numbers for Out of Home Market Share:
“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 ready-2-eat and heat-N-eat food market is growing fast in new non-traditional points of distribution and restaurants can garner market share while expanding the brand. The Grocerant niche continues to boom.
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