The United States Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

The full-service restaurants market is estimated to be valued at US$ 1.51 trillion in 2023 to reach an expected valuation of US$ 1.93 trillion by 2033. The demand for full-service restaurants is projected to record a CAGR of 2.5% during the forecast period.

Global Full-Service Restaurants Market Historical Analysis (2017 to 2022) Vs. Forecast Outlook (2023 to 2033)

Segmentation Outlook

The Saudi Arabia Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

Explore the Full Service Restaurants Market trends! Covers key players, growth rate 5.3% CAGR, market size $1964.94 Billion, and forecasts to 2033. Get insights now!

The single location full service restaurant sector in the United States reached 228.5 billion U.S. dollars in 2022, up from the previous year's total of 172.01 billion U.S. dollars. The sector's market size peaked in 2022.

Full service restaurants refer to sit down establishments where food is served directly to the customer's table. In 2023, the market size of the full service restaurant sector in Canada reached 44.1 billion U.S. dollars, up from the previous year's total of 39.62 billion U.S. dollars.

The India Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

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...

The United Kingdom Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

The United Arab Emirates Full Service Restaurants Market is segmented by Cuisine (Asian, European, Latin American, Middle Eastern, North American), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.

Due to a variety of new apps and delivery providers such as DoorDash, Grubhub and Uber Eats, it is easier than ever for U.S. consumers to order full service restaurant meals. The size of the full service restaurant delivery market is predicted to see growth between 2018 and 2022. According to the source, the size of the market in 2018 was 11.2 billion U.S. dollars. This figure is forecast to rise to 15.7 billion U.S. dollars in 2022.

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.

The global food service market size reached USD 3,089 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4,143.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.15% during 2025-2033. The market is experiencing stable growth driven by the growing health-consciousness among individuals, rising number of online food delivery platforms to offer enhanced convenience, and increasing focus on health and wellness to maintain a healthy and active lifestyle.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2025-2033. Our report has categorized the market based on sector, systems, and types of restaurants.

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.

In 2023, full service restaurant sales in the United States reached 334 billion U.S. dollars, showing growth over the previous year. This figure was forecast by the source to grow to 348 billion U.S. dollars in 2024.

Full Service Restaurants market size is USD 108447.81 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

The size and share of the market is categorized based on Type (Cloud-based, On-premise) and Application (Fine Dining, Casual Dining) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Food Service Market size was valued at USD 2.85 Trillion in 2023 and is projected to reach USD 6.3 Trillion by 2031, growing at a CAGR of 10.45% from 2024 to 2031.

Food Service Market Dynamics

The key market dynamics that are shaping the Food Service Market include:

Key Market Drivers

Growing Convenience Culture: The fast-paced lifestyle of the modern consumer demands convenience in meal preparation and consumption. Ready-to-eat meals, fast food, and food delivery services have become essential, providing time-saving solutions while meeting the increased need for quick and convenient eating options and resulting in market expansion.

Urbanization and Changing Lifestyles: Due to hectic lifestyles and greater socializing, urbanization is increasing the number of individuals eating out or ordering food. The desire for new dining experiences and ethnic foods contributing to the expansion of the Food Service Market.

Rise in Disposable Income: Increasing disposable income, particularly in emerging nations is enabling people to spend more on dining out and trying new cuisines. This financial flexibility helps to expand the food service industry, as more restaurants and food outlets start up.

Technological Advancements: Online ordering, meal delivery applications, and digital payment systems have transformed the food service business. These technologies improve the customer experience by providing easy access, numerous alternatives, personalized services, and efficient delivery, resulting in market growth.

Key Challenges:

High Competition: The Food Service Market is extremely competitive, with companies ranging from street sellers to high-end restaurants. Standing out in a crowded market demands ongoing innovation, exceptional service, and major marketing efforts, which becomes difficult for both new entrants and established organizations.

Changing Consumer Preferences: Customers are increasingly looking for beneficial health, sustainable, and ethically sourced food options. To adapt to these changing preferences, restaurants and food service companies have to constantly alter their products, which gets costly and time-consuming, particularly for institutions with established menus and supply chains.

Health and Safety Regulations: Strict health and safety rules mandate significant expenditure from food service operators to meet standards, reducing profit margins. These rules are necessary, but are proving challenging, particularly for small and medium-sized businesses (SMEs).

Key Trends:

Pop-up Restaurants: Pop-up restaurants are likely to become increasingly popular, making use of underutilized venues to provide unique dining experiences. These temporary setups enable chefs to test restaurant concepts in a low-risk environment, appealing to a wide audience with the allure of exclusivity and novelty.

Sophisticated Kids’ Menus: There is an increasing trend on menus towards more upscale and health-conscious selections for kids. Restaurants are offering healthier options for children and parents, such as grilled fish tacos and vegetable-packed pasta.

Functional Health Products: The demand for functional health goods, particularly in the beverage market, is increasing. Consumers are looking for drinks that satisfy their thirst and provide health benefits such as enhanced digestion, cognitive function, and hormone balance.

Sustainability Focus: More restaurants are embracing sustainability, buying ingredients from regenerative farms and promoting environmentally responsible practices. To satisfy environmentally concerned customers, this involves employing eco-friendly packaging, and energy-efficient processes, and expanding the selection of plant-based menu items.

United States Foodservice Market size was valued at USD 0.74 Trillion in 2023 and is projected to reach USD 1.63 Trillion by 2030, growing at a CAGR of 10.4% during the forecast period 2024-2031.

United States Foodservice Market: Definition/ Overview

Foodservice is the sector of the food industry that deals with the preparation, distribution, and serving of food and beverages in a variety of locations, such as restaurants, cafeterias, catering services, and institutional settings like schools and hospitals. This industry is critical in producing meals for immediate consumption, meeting a wide range of consumer wants and preferences. Foodservice applications encompass not just typical dining experiences, but also takeout and delivery services, institutional meal provision, and event catering, all to improve consumer convenience and availability of high-quality food in both commercial and non-commercial contexts.

The United States Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.