https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for Revenue for Full-Service Restaurants, All Establishments, Employer Firms (FRRAEEF2722511) from 2013 to 2022 about restaurant, employer firms, revenue, establishments, and USA.
This statistic shows the share of full-service and limited-service restaurant customers in the United States in 2018, by household income. In 2018, ** percent of the full-service restaurant customers had a household income under ** thousand U.S. dollars.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Full-service restaurants in Canada thrived from the pandemic low, driven mainly by rising levels of consumer spending. However, the unwelcome high inflationary pressure following the pandemic has reduced customers' propensity to dine out as menu inflation surpassed food inflation. As a result, soaring operational costs and lower consumer interest in dining out have suppressed the industry's overall growth. Nonetheless, industry revenue has expanded an annualized 10.8% to $49.5 billion over the past five years, including 2.7% growth in 2025 alone. Likewise, industry profit has improved, accounting for 4.4% of industry revenue. This industry primarily consists of many small, independent, single-location restaurants, making the market quite fragmented. The notable players are franchises that mainly acquire revenue through royalty fees. Over the past five years, full-service restaurants have grappled with soaring costs, especially regarding wages and ingredients. Minimum wages and a restriction on temporary foreign worker supply have driven labor expenses for restaurants, which have already endured staff shortages. In 2025, the US-Canada tariff war is expected to worsen the situation. The tariffs on US-imported produce will force restaurants to work on their current supply chains, such as shifting to source locally and other countries like Mexico. In the outlook period, industry revenue is expected to continue growing, albeit at a slower pace. A decline in household income levels and continued tariff threats will likely drive customers from frequenting full-service restaurants. Consequently, industry revenue is projected to increase at an annualized rate of 1.5%, resulting in $53.5 billion over the five years to 2030.
In 2024, the month with the highest Quick Service Restaurant (QSR) sales in the United States was May, reaching around ** billion U.S. dollars. Meanwhile, the months of August and July ranked second and third, with QSR sales surpassing **** and **** billion U.S. dollars respectively.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global Full Service Restaurants market size is USD 471512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.40% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 188604.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.6% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 141453.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 108447.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 23575.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 9430.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.
The standalone restaurants held the highest Full Service Restaurants market revenue share in 2024.
Market Dynamics of Full Service Restaurants Market
Key Drivers of Full Service Restaurants Market
Growing Demand for Dining Experiences to Increase the Demand Globally
The full-service restaurant market is driven by the increasing demand for dining experiences, where consumers seek not only delicious food but also ambiance, service quality, and overall dining experience. Consumers often choose full-service restaurants for special occasions, social gatherings, or simply to enjoy a relaxing meal outside their homes. As disposable incomes rise and lifestyles become more hectic, consumers are willing to spend on dining out experiences, contributing to the growth of the full-service restaurant market. Additionally, the trend towards experiential dining, where restaurants offer unique themes, entertainment, or immersive dining experiences, further enhances the appeal of full-service restaurants and drives customer footfall.
Changing Consumer Preferences and Dietary Trends to Propel Market Growth
Another key driver in the full-service restaurant market is the evolving consumer preferences and dietary trends. With increasing health consciousness and awareness about nutrition, consumers are seeking healthier dining options and are more inclined towards restaurants that offer diverse menu choices, including vegetarian, vegan, gluten-free, and organic options. Full-service restaurants that adapt to these changing preferences by offering healthier menu items and transparent ingredient sourcing are likely to attract a wider customer base and stay competitive in the market. Moreover, the growing demand for ethnic cuisines, fusion dishes, and innovative culinary concepts also drives the growth of full-service restaurants, as consumers seek unique and authentic dining experiences that cater to their diverse tastes and preferences.
Restraint Factors Of Full Service Restaurants Market
Labour Shortages and Rising Operational Costs to Limit the Sales
One of the key restraints faced by the full-service restaurant market is labour shortages and the associated rise in operational costs. As the demand for dining experiences grows, full-service restaurants require a skilled workforce to deliver quality service and maintain operational efficiency. However, the restaurant industry often faces challenges in attracting and retaining qualified staff, leading to increased labour costs and operational challenges. Additionally, regulatory requirements such as minimum wage laws and overtime regulations further add to the labour costs burden. These factors contribute to squeeze profit margins for full-service restaurants, making it challenging for them to remain competitive while maintaining quality standards and satisfying customer expectations.
Impact of Covid-19 on the Full Service Restaurants Market
The Covid-19 pandemic has significantly impacted the full-service restaurants market, causing widespread disruptions and challenges. Government-imposed lockdowns, social distancing measures, and restrictions on dine-in services led to a sharp decline in foot traffic and revenue for full-service restaurants worldwide. Many establishments were forced to close temporarily or permanen...
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global Quick Service Restaurant - QSR market size is USD 176944.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 70777.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 53083.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 40697.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 8847.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3538.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Chain held the highest Quick Service Restaurant - QSR market revenue share in 2024.
Market Dynamics of Quick Service Restaurant - QSR Market
Key Drivers for Quick Service Restaurant - QSR Market
Busy Lifestyles and Convenience to Increase the Demand Globally
Quick Service Restaurants - QSRs are a popular choice among consumers seeking easy dining options in today's fast-paced world due to busy lifestyles. These restaurants offer speedy service without sacrificing quality, making them a hassle-free and cost-effective option for people on the go. Customers are primarily driven by speed and efficiency of service, which makes it convenient for them to grab a meal in the middle of their busy schedules. QSRs take advantage of this need by putting an emphasis on quick order processing and efficient operations, making sure that patrons can have a filling meal without having to spend the time that comes with more traditional dining experiences.
Growing Urbanization to Propel Market Growth
The increasing global trend of urbanization creates a need for easily accessible dining options, which Quick Service Restaurants (QSRs) skillfully fill. QSRs effectively serve the fast-paced lifestyles of metropolitan residents with their well-placed locations and prompt service. Customers looking for quick and hassle-free meal solutions find QSRs' convenience more and more alluring as cities grow and people move into metropolitan regions. The convenience of QSRs' quick service dining options complements the hectic lifestyle of cities, making them the go-to option for people seeking quick meals in the middle of busy schedules. The increasing tendency toward urbanization strengthens QSRs' status as essential elements of urban food landscapes.
Restraint Factor for the Quick Service Restaurant - QSR Market
Rising Labor Costs to Limit the Sales
Growing labor expenses are a major obstacle for the Quick Service Restaurant (QSR) sector, affecting businesses' profit margins. Because the sector relies so significantly on labor-intensive processes, profitability may be impacted by rising salaries and related costs. QSRs are under increasing pressure to change as labor laws and minimum pay rates change while preserving their service's price and caliber. Restaurants may use techniques like automation, process optimization, and menu revisions to lessen the effects of growing labor expenses. However, in light of the changing labor market, QSRs continue to face a sensitive task in trying to strike a balance between cost-cutting initiatives and preserving customer happiness and operational effectiveness.
Key Trends for the Quick Service Restaurant - QSR Market
Platforms for digital ordering and delivery are revolutionizing the consumer experience
With the rise of third-party delivery platforms, self-service kiosks, and smartphone apps, the QSR sector is undergoing a dramatic digital transformation. Digital payments, contactless ordering, and loyalty programs are increasing customer convenience and operational effectiveness.
Growing Interest in Innovative Menu Items and Health-Conscious Products
More and more QSRs are offering plant-based, healthier, and customisable menu alternatives in response to changing customer tastes. Particularly among Gen Z and millennials, there is an incr...
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Despite the volatile economic climate in the last five years, the Single-Location, Full-Service Restaurant industry has displayed resilience and adaptability. Unprecedented challenges brought by the pandemic and its associated economic recovery introduced considerable shifts in consumer behavior early in the period, and many in the industry received government assistance to weather those challenges. This was followed by robust domestic economic growth and increased consumer spending in recent years, which fueled the industry's modest yet consistent expansion in the current period – particularly in upscale dining among affluent consumers. As of spring 2025, the industry is expected to endure significant setbacks due to tariffs potentially affecting the supply chain. Coupled with persistent hiring challenges, restauranteurs are seeking to diversify their suppliers, which may increase operational costs. Due to a low COVID-19 base year in 2020, industry revenues have grown at a CAGR of 8.8% over the past five years. In 2025 alone, revenue is expected to rise 1.7%, reaching $260.1 billion. Profit is slightly higher than it was in the years immediately preceding the pandemic but has held steady at roughly 4.3% throughout most of the current period, having fallen from its outlier high in 2020 – likely due to higher costs that have pressured industry profitability. The industry, defined by intense competition, is highly fragmented. Many independent restaurants are small, often family-run ventures. These single-location establishments compete with chain restaurants, fast-food restaurants, hotels and coffee and snack shops. Additionally, budget-friendly establishments have faced stiff competition in the current period as consumers flocked to innovative offerings from fast-casual newbies. Looking forward, despite looming tariffs, there are reasons to be optimistic for this industry. It is expected to navigate economic uncertainty, buoyed by rising consumer spending in the coming years. The industry is also likely to benefit from the slight rise in inhabitants in urban areas, which typically feature a higher concentration of restaurants. Industry revenue is expected to rise an annualized 1.2% to $275.9 billion over the five years to 2030.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
In the last five years, the self-service restaurant sector has been characterised above all by increasing urbanisation, growing consumer health awareness and rising net household incomes. The coronavirus pandemic contributed to a significant slump in sales in 2020, causing industry turnover to fall by an average of 4.2% per year between 2019 and 2024. Thanks to the lifting of infection control measures, sales in self-service restaurants have been recovering since 2022. For the current year, turnover is expected to grow by 3% to €7.1 billion.In recent years, the market for traditional fast food chains has gradually become saturated, partly due to increasing health awareness. Instead, new market players specialising in healthier dishes and offering their customers an appealing ambience have shaped the industry's sales growth before and after the pandemic. This has been made possible in part by rising household net incomes, which have helped more consumers to afford the higher prices of these new industry players. As other catering sectors competing with this industry have also been able to benefit from rising household incomes, the competitive pressure on companies in this sector has increased. This in turn has prompted the leading fast food chains to expand their product range and offer vegetarian and vegan burgers as well as other meat-free dishes alongside salads in order to cater more closely to current consumer trends. During the pandemic, restaurant operators who had their own apps, delivery services or drive-ins were at an advantage, as contactless ordering and payment of meals was made much easier and the pandemic-related decline in sales was somewhat mitigated as a result. By 2029, industry sales are expected to grow by an average of 2.2% per year to €8 billion, which is primarily due to the success of new quick-service restaurant concepts. This is also likely to be reflected in an increasing number of businesses and employees in the self-service restaurant sector.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
While shifting consumer preferences and a crowded foodservice landscape, fast food restaurants have maintained a steady pace of growth. Over the five years to 2025, industry revenue has expanded at a CAGR of 3.9%, reaching $417.5 billion. Notably, 2025 alone will experience a 1.1% increase in revenue. The trend towards fast casual dining has bolstered the industry, helping fast food chains hold their ground amid fierce competition. As health awareness continues to rise, consumers demand healthier and alternative options to conventional fast food. To an extent, major chains have met this demand by introducing healthier menu selections. Other innovative measures included investments in meat substitutes and introducing various dietary preferences to attract a broader consumer base. However, the shift towards a healthier lifestyle has somewhat dampened demand for traditional fast food staples, leading to a decline in industry profit. Between 2022 and 2025, fast food restaurants have grappled with surging operational costs, including purchase, utility, rent and labor. The collective force of these cost increases has depressed industry profit, reaching 4.6% of revenue in 2025. Higher minimum wages, especially in California, have been detrimental to fast food restaurant's bottom lines, which subsequently boost technology adoption such as AI drive-thus. Over the next five years, the fast food industry is expected to maintain its growth trajectory, albeit slower. With fast casual restaurants on the rise and consumer spending expected to climb, further revenue growth for the fast food industry is expected. However, the environment is forecast to grow slowly for fast food chains, as many segments within the industry approach saturation. Despite these challenges, successful operations in the industry will likely pivot in response to changing consumer preferences. In this evolving scenario, the concept of fast food is likely to expand beyond its traditional confines to include a broader range of choices. However, intense competition within the industry will continue to put downward pressure on prices, and hence, revenue growth is expected to slow over the next five years. Projections indicate a CAGR of 1.3% over the next five years, bringing the industry revenue to $445.2 billion by 2030.
Quick Service Restaurants Market Size 2025-2029
The quick service restaurants market size is forecast to increase by USD 63.8 billion, at a CAGR of 2.2% between 2024 and 2029.
The Quick Service Restaurants (QSR) market is witnessing significant growth, driven by the increasing number of QSR establishments worldwide. This expansion is fueled by consumer preferences for convenience and affordability, leading to a rise in demand for quick, on-the-go meals. Innovations in packaging and serving methods are also shaping the QSR landscape, as restaurants seek to differentiate themselves and cater to the evolving needs of time-strapped consumers. However, the market is not without challenges. Fluctuations in raw material prices pose a significant threat, as QSRs must balance the need to maintain affordability for customers with the need to maintain profitability.
These price volatilities can impact menu pricing and, ultimately, the bottom line. To navigate these challenges, QSRs must focus on operational efficiency, supply chain optimization, and strategic sourcing to mitigate the impact of raw material price fluctuations. Additionally, adapting to changing consumer preferences and trends, such as plant-based options and contactless ordering and delivery, will be crucial for long-term success in the market. Point-of-sale systems and restaurant management software facilitate data analytics and customer insights.
What will be the Size of the Quick Service Restaurants Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The quick service restaurant (QSR) market continues to evolve, with dynamic market dynamics shaping various sectors. Local advertising strategies adapt to reach diverse customer segments, while hygiene standards and labor laws remain crucial compliance requirements. Environmental regulations influence interior design and menu engineering, driving sustainability initiatives. Hygiene standards, food safety certifications, and kitchen display systems ensure optimal food safety protocols. Operational efficiency is a key focus, with performance tracking and employee training enhancing order accuracy and customer experience. Digital advertising and mobile app ordering streamline sales analysis and profitability metrics. The increasing number of full-service restaurants and the popularity of online catering services are additional growth factors.
Food cost control, ingredient sourcing, and menu engineering contribute to the value proposition, balancing affordability and quality. Brand consistency and industry regulations ensure a cohesive dining experience. Customer satisfaction is a priority, with table management systems, customer service, and social media marketing addressing wait times and targeted marketing efforts. Delivery platforms and acoustic design cater to evolving consumer preferences, while food safety regulations and industry trends shape the future of QSRs. Sustainability initiatives and supply chain management strategies further enhance the market's continuous evolution. Digital menus and unassisted sales through kiosks and mobile apps are also gaining popularity
How is this Quick Service Restaurants Industry segmented?
The quick service restaurants industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Service
Eat-in service
Takeaway service
Drive-thru service
Home delivery service
Type
Chain
Independent
Product Type
Burger and sandwich
Pizza
Asian cuisine
Frozen desserts and ice cream
Others
Geography
North America
US
Canada
Mexico
Europe
France
Germany
UK
APAC
China
India
Japan
South Korea
Rest of World (ROW)
By Service Insights
The Eat-in service segment is estimated to witness significant growth during the forecast period. In the dynamic quick service restaurant market, licensing and permits are essential for business operations. Consumers value loyalty programs that offer rewards and incentives, enhancing customer satisfaction and repeat business. Operational efficiency is a key focus, with food waste reduction strategies implemented to minimize costs and improve sustainability. The socializing culture at cafes and bars among urban youth is also contributing to the growth of this market. Compliance with various regulations, including food safety and labor laws, is crucial for business continuity. Mobile app ordering and online systems offer convenience, while point-of-sale systems facilitate smooth transactions. Customer experience is paramount, with employee training ensuring order acc
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
An insightful analysis of the restaurant industry, covering key statistics on market trends, customer demographics, popular cuisines, technological advancements, impact of online delivery services, and future projections for the restaurant sector.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The US sandwich and sub restaurant industry is undergoing notable growth and transformation, driven by shifting consumer preferences. Eateries like Subway, Jimmy John's, and Jersey Mike's have broadened their menus to include more diverse and health-conscious options. Fresh ingredients and customizable choices are now focal points, enabling these brands to appeal to a wider audience. The sector demonstrated remarkable resilience during the COVID-19 pandemic by bolstering digital platforms and delivery capabilities to satisfy the surge in demand for convenience. In all, revenue has been expanding at a CAGR of 2.0% to an estimated $46.2 billion over the past five years, including expected growth of 1.7% in 2024, when profit is set to total 5.3%. Several key trends have redefined the landscape of sandwich and sub restaurants over the past five years. A pronounced focus on health-conscious offerings has emerged, with many chains introducing whole grain breads, lean proteins, and an assortment of fresh vegetables to align with consumer interests in nutrition and wellness. Customization remains a major trend, allowing patrons to personalize their sandwiches with a range of ingredients. Technological advancements have also been a game changer, as digital ordering systems, mobile apps, and delivery services become essential to customer engagement. Furthermore, sustainability has gained prominence, with eco-friendly packaging and locally sourced ingredients increasingly influencing consumer decisions. Looking ahead, the sandwich and sub restaurant industry in the US is poised for further evolution over the next five years. The plant-based movement is expected to pick up speed, with more establishments offering plant-based protein options to meet the growing demand for healthier, sustainable choices. Technology will continue to enhance convenience as advancements in AI and automation refine operations and improve customer service. Sustainability efforts will remain critical, as restaurants adopt eco-friendly practices and transparent supply chains to attract environmentally aware consumers. Additionally, global flavors are anticipated to enrich menus, as restaurants explore internationally inspired sandwiches and subs to appeal to adventurous tastes. These emerging trends will play a vital role in maintaining the industry's vitality and responsiveness to consumer demands. Industry-wide revenue will grow at a CAGR of 2.1% over the next five years, reaching an estimated $51.3 billion.
According to our latest research, the global foodservice market size reached USD 3,612.9 billion in 2024, demonstrating robust growth momentum driven by evolving consumer preferences and technological advancements. The market is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033, reaching a forecasted value of USD 6,181.2 billion by 2033. This impressive growth is propelled by rising demand for convenience foods, the proliferation of delivery and takeaway services, and a dynamic shift in global dining habits. As per our latest research, the surge in digital ordering and the expansion of quick service restaurants are significant contributors to this upward trajectory.
One of the primary growth factors for the global foodservice market is the increasing urbanization and the corresponding rise in disposable incomes, especially in emerging economies. As more consumers migrate to urban areas, their fast-paced lifestyles create a burgeoning demand for convenient and accessible dining solutions. The proliferation of dual-income households has also led to a shift away from traditional home-cooked meals, further boosting the popularity of quick service restaurants, cafés, and delivery services. The foodservice industry has responded by innovating menu offerings, expanding service types, and investing in technology to streamline operations and enhance customer experience. This adaptability has allowed the market to capture a broad spectrum of consumer segments, from millennials seeking trendy cafés to families opting for convenient takeaway options.
Technological innovation is another critical driver of growth within the foodservice market. The integration of digital platforms for ordering and delivery, the adoption of artificial intelligence for personalized recommendations, and the use of data analytics to optimize supply chains have all contributed to operational efficiencies and improved customer engagement. The rise of online food aggregators and delivery platforms has revolutionized the way consumers interact with restaurants, making it easier than ever to access a wide variety of cuisines from the comfort of home. Additionally, advancements in kitchen automation and inventory management have enabled foodservice operators to reduce costs, minimize waste, and maintain consistent quality, further strengthening their market position.
Changing consumer preferences toward healthier and sustainable food options are also shaping the future of the foodservice market. There is a noticeable shift toward plant-based menus, organic ingredients, and transparent sourcing practices, reflecting a growing awareness of health and environmental concerns. Foodservice providers are increasingly catering to these preferences by introducing innovative menu items and adopting eco-friendly packaging solutions. This trend is particularly pronounced among younger consumers, who are more likely to prioritize ethical dining choices and support brands that align with their values. As a result, restaurants and delivery services are investing in sustainability initiatives and forging partnerships with local producers to meet evolving expectations.
From a regional perspective, Asia Pacific continues to dominate the global foodservice market, accounting for the largest share in 2024, followed by North America and Europe. The rapid expansion of urban centers, a burgeoning middle class, and the widespread adoption of digital technologies have fueled market growth across key Asian economies such as China, India, and Japan. In contrast, North America and Europe are witnessing a surge in demand for premium dining experiences, health-conscious menus, and innovative service models. Meanwhile, Latin America and the Middle East & Africa regions are emerging as promising markets, driven by economic development, tourism growth, and increased investment in hospitality infrastructure. The regional outlook remains positive, with each geography presenting unique opportunities and challenges for market participants.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
A broad dataset providing insights into restaurant industry statistics and trends for 2025, covering market size, growth rate, employment figures, revenue, and more.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
Europe Full Service Restaurants market size is USD 141453.66 million in 2024 and will expand at a compound annual growth rate (CAGR) of 1.9% from 2024 to 2031.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Over the five years through 2024-25, full-service restaurant revenue is expected to edge downwards at a compound annual rate of 1.2%. It's no secret that the restaurant industry has struggled with the combination of staffing shortages, rampant inflation, rising food prices, and inventory bills post-pandemic. For many vulnerable businesses, rising cost pressures proved unsustainable, pushing some towards distress and an uptick in consolidation activity quickly followed. Meanwhile, as consumers grapple with tightening incomes, passing on price hikes isn't the best idea. Nonetheless, not all hope is lost. In response to consumers dining more at home, restaurants have implemented an array of measures and initiatives including special menus, pricing and loyalty programs to boost business during historically quieter times.The UK’s plant-based dining scene is thriving, with creative menus showcasing everything from veggie burgers to fully vegan restaurants like Mildred's. Thanks to gastrodiplomacy efforts from governments like Thailand, Korea, and Peru, international cuisines are also gaining popularity. In customer engagement, social media and apps play pivotal roles in marketing. In 2024-25, revenue is anticipated to inch up 2.3%, reaching £23.6 billion and profit is anticipated to reach 5.2%. Over the five years through 2029-30, Full-Service Restaurants revenue is expected to climb at a compound annual rate of 3.5%, reaching £28 billion. Labour shortages and rising wages remain a key point of concern for restaurants with the rising National Living Wage and Employers National Insurance Contributions set for April 2025. Social media will remain a dominant marketing force in 2025, with platforms like TikTok and Instagram shaping trends and influencing bookings. Businesses that use storytelling, user-generated content, and influencer collaborations will stand out, attracting and retaining customers in an increasingly competitive market. Unable to compete on price and promotions alone, restaurants increasingly turn to innovation to stand out including investing on creative concepts, like chef’s tables, tasting menus and solo dining formats. The sustainability and ethical consumption trend isn’t new and will only gain momentum. As awareness of health and sustainability continues to grow, consumers will increasingly favour environmentally conscious dining choices.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
Breakfast restaurants and diners have navigated a complex landscape in recent years, facing various challenges while seizing growth opportunities. Establishments have shown resilience by quickly adapting to consumer preferences for delivery and digital ordering platforms, expanding their reach and meeting the demands for convenient and off-premises dining. The symbiotic relationship with delivery services like DoorDash and Uber Eats has boosted market presence and consumer access. Diners have streamlined their menus, emphasizing popular items to optimize operations and maintain profitability. Industry revenue has been increasing at a CAGR of 7.5% over the past five years to total an estimated $15.6 billion in 2025, including an estimated increase of 1.8% in 2025. It should be noted that this strong revenue growth over the past five years was because of a low COVID-19 base year, with revenue dropping 21.3% in 2020. Over the past five years, the industry has faced obstacles such as rising food prices, attributed to factors like the bird flu outbreak and geopolitical tensions affecting staple ingredients like eggs and wheat. Despite these issues, breakfast establishments have not passed all increased costs onto customers, opting to maintain sustainable pricing to preserve their loyal clientele, hindering some profit growth. Also, staffing challenges impacted the availability of late-night dining options, with the number of 24-hour diners operating dropping. Breakfast restaurants and diners will enjoy a more favorable landscape. Slower growth in food costs will take pressure off establishments in terms of continuing to offer competitive prices while retaining profitability. Strong growth in disposable incomes is expected to benefit breakfast restaurants and diners, facilitating revenue growth as consumers dine out more often and spend more per meal. An uptick in domestic travel will bolster revenue, driven by nostalgic and locally flavored dining experiences. Breakfast restaurants and diners will broaden their offerings through healthier food that appeals to a wider clientele. With strategic enhancements in service offerings and targeted adaptations, breakfast restaurants and diners are well-positioned for sustained success in the coming years. Industry revenue is forecast to increase at a CAGR of 1.8% to total an estimated $17.1 billion through the end of 2030.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
Middle East and Africa Full Service Restaurants market size is USD 9430.24 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.
https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/
The fast food chicken industry has displayed robust financial health over the last five years, benefiting from boosted disposable income levels amidst economic growth. A notable shift in consumer habits, with an increased focus on healthy food choices, led industry players to revamp their menus, adding healthier options. As a result of these trends, industry revenue saw an annualized growth of 7.2%, reaching $61.1 billion over the five years to 2024. A predicted increase of 1.9% in 2024 alone helps bolster this trend. The onslaught of COVID-19 dampened travel, leading to a sharp decline in roadside or high-traffic area restaurant visits. Notwithstanding, the industry found resilience in adversity. As stay-at-home orders and business closures came into effect, many started working from home. This new dynamic augmented the demand for fast food, especially delivery services. As a result, there was an uptick in industry services which offset potential decreases in demand. All things considered, the industry's profit margins have fallen over the past five years. Further down the line, the industry's growth is set to continue, albeit at a slower rate, as life settles back into a post-COVID-19 normality. With expectations for people to return to office work and the economy hitting its stride, fast food chicken joints will likely keep expanding their menu with health-conscious options. To that end, an annualized revenue increase of 0.5% is forecasted, reaching $62.6 billion over the next five years to 2030. This indicates a positive outlook for the industry, fueled by adaptations that align with shifting consumer preferences.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
North America Full Service Restaurants market size is USD 188604.88 million in 2024 and will expand at a compound annual growth rate (CAGR) of 1.6% from 2024 to 2031.
https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for Revenue for Full-Service Restaurants, All Establishments, Employer Firms (FRRAEEF2722511) from 2013 to 2022 about restaurant, employer firms, revenue, establishments, and USA.