While the Community Food Services industry depends on funding and donations from the public and private sector, revenue proved resilient during the recession. Food insecurity jumped in 2008 as increases in unemployment and poverty levels coincided with food price inflation. The strong need for food aid helped industry operators secure donations. In particular, government social services funding shot up in 2010, which made up for any declines in private-sector contributions. In the five years to 2019, industry revenue is forecast to increase at a slower rate. This tempered growth is due to the fact that the recovering economy will bolster disposable income and contribute to lower poverty rates, reducing demand for food services. On the other hand, private donations will likely increase since consumers will have more disposable income to provide donations.
Industry operators collect, prepare and deliver food to the needy. This industry includes food banks, meal delivery programs and fixed and mobile soup kitchens. Generally, establishments deliver meals to persons that cannot prepare meals for themselves due to age, disability or illness. Additionally, operators may also distribute clothing and blankets. This industry excludes emergency relief services that provide food and other aid to disaster victims.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.