Restaurant Market Projected to reach US$708.9 billion in 2023 | Brinker International Inc., Chipotle Mexican Grill, Texas Roadhouse, McDonald's Corporation

The US restaurant market is expected to grow at a CAGR of 3.96% during the period spanning 2019-2023. The market is predicted to reach US$708.9 billion in 2023.

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The growth in the US restaurant market is driven by numerous factors such as an increasing proportion of single person household, growing percentage of adults living away from home, growing urbanization and rising personal disposable income. The market faces certain challenges such as increasing cost due to the adoption of third-party food delivery services and the falling percentage of casual diners. To overcome these challenges, the market is expected to undertake certain developments like following the trend of plant-based products, drone delivery and sustainable food preparation process.

The major manufacturers covered in this report: Yum! Brands, Brinker International Inc., Chipotle Mexican Grill Inc., Texas Roadhouse Inc., McDonald's Corporation and Dine Brands Global Inc

The research dives deep into the global share, size, and trends, as well as growth rate of the Restaurant market to project its progress during the forecast period, i.e., 2019-2023. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the Restaurant market. The research segments the market on the basis of product type, application, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, demand and production capability across different countries.

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The US restaurant market can be segmented into following two categories: limited service restaurant and full-service restaurant. In 2018, limited service restaurant held a greater share of the market and the remaining share was held by full-service restaurant. The limited service restaurant market is forecasted to continue growing and is expected to capture a greater share of the market in 2023, than full-service restaurant market. Growth in limited service market is predicted due to the changing dietary habits of consumers and expansion in product portfolios.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Restaurant market.

Researchers conducting the research also carry out a comprehensive analysis of the recent amendments in the government regulation and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

The report profiles the key players in the industry along with a detailed analysis of their individual positions against the global landscape. The researcher provides an extensive analysis of the Restaurant market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Scope of the report:
- The report provides a comprehensive analysis of the US restaurant industry, segmented into limited service restaurant and full-service restaurant.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Yum! Brands, Brinker International Inc., Chipotle Mexican Grill Inc., Texas Roadhouse Inc., McDonald's Corporation and Dine Brands Global Inc.) are also presented in detail.
Key points from Table of Content:
1.Market Overview

2. The US Restaurant Market

3. Market Dynamics

4. Competitive Landscape

5. Company Profiles
Scope of the study:
o The report conducts a detailed analysis of the evolving market dynamics
o It gives a holistic view of various drivers and restraints operating in the market
o The forecast spans 6 years and predicts the prospective progress of the sector
o It categorizes the prominent product segments and their future growth scenario
o The market insights derived after a thorough investigation of the industrial segments and subsegments enable readers make informed decisions.

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This release was published on openPR.