According to the recent report published by TechSci Research named "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 primarily driven by sales generated in the eating and drinking places, as they account 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 U.S. population, food and drinks market shares are growing at a rapid pace.
Consumers to Dine Out More
February 5, 2013
February 4/New York/PRWEB -- With the increasing population and penetration for out-of-home food and drinks in U.S., the market for away from home food and beverages is anticipated to grow at the CAGR of around 5% from 2013-2018 and would record around $991.8 Billion by 2018. U.S. 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.