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Messy eaters: Rising health consciousness will hurt industry revenue



Abstract

Buffet Restaurants

The Buffet Restaurants industry has declined over the past five years. Following an estimated 3.5% drop in industry revenue in 2012, the industry has continued to decline in subsequent years, save for 2013. While industry revenue has been negatively affected by tepid consumer spending, a more lasting threat to the industry has presented itself in the form of increasing health consciousness. The lower-quality ingredients typically found in buffet food and the nature of all-you-can-eat buffet restaurants are both unappealing to consumers that are dieting or are otherwise conscious of their food consumption habits. Rising health consciousness is anticipated to continue to reduce demand for the Buffet Restaurants industry over the five years to 2021. However, countervailing trends and industry innovations are forecast to stifle the pace of the industry's decline in upcoming years. While the industry has lost its popularity in some regions of the United States, buffet restaurants are expected to remain popular in the Southeast, Southwest, Plains and Great Lakes regions.

This industry comprises chain and franchised restaurants with buffet-style services where patrons pay, serve themselves and eat within the restaurant. These establishments may also sell alcoholic and other beverages. This industry does not include buffet-style food service contractors, which are included in IBISWorld reports 72231 and 72232.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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Table Of Contents

Buffet Restaurants - Industry Market Research Report

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS and MARKETS
Supply Chain
Products and Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY



MAJOR COMPANIES

Golden Corral

Ovation Brands

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