From 2013 to 2019, the full-service restaurants industry in the US exhibited steady growth, with Compound Annual Growth Rates (CAGR) ranging from 3.31% to 6.24%. The industry reached its pre-pandemic peak in 2019 with a gross output value of 369.27 billion USD. However, 2020 marked a significant downturn by -14.88% due to the pandemic, decreasing the output to 314.3 billion USD. Recovery commenced in 2021 with a 17.25% increase, and by 2023, the industry's output stood at 405.8 billion USD, reflecting a modest 2.23% year-on-year growth. Over the past five years, the CAGR stabilized at 2.44%, signaling resilience.
Future trends to watch for:
Future projections suggest a continued, albeit slower, growth with a forecasted 5-year CAGR of 1.72%, reaching up to 450.92 billion USD by 2028. Key trends to monitor include technology integrations in dining experiences, shifts in consumer preferences towards sustainable and healthy choices, and the potential impacts of economic fluctuations.
Latest reports
US Restaurant Market Report- Q1 2025
In Q1 2025, the US restaurant market is experiencing transformative shifts driven by technology, consumer preferences, and economic pressures. The fast food and...
China Restaurant Market Report- Q1 2025
The restaurant landscape in China during Q1 2025 is marked by dynamic growth and transformation driven by consumer preferences, technological advancements, and strategic...
Japan Restaurant Market Report- Q1 2025
In the first quarter of 2025, the restaurant market in Japan exhibited dynamic growth patterns and strategic shifts across various segments. The fast-casual...
Germany Restaurant Market Report- Q1 2025
The restaurant market in Germany during Q1 2025 reveals a dynamic landscape shaped by economic pressures and evolving consumer preferences. As the industry...
India Restaurant Market Report- Q1 2025
In the first quarter of 2025, the Indian restaurant market continued to evolve dynamically, driven by key trends in Quick Service Restaurants (QSRs),...
UK Restaurant Market Report- Q1 2025
The UK restaurant market is undergoing significant shifts in Q1 2025, influenced by evolving consumer preferences, economic conditions, and technological advancements. Key segments...
France Restaurant Market Report- Q1 2025
The first quarter of 2025 presents a dynamic landscape for the restaurant market in France, influenced by shifting consumer preferences, technological advancements, and...
Canada Restaurant Market Report- Q1 2025
The Canadian restaurant industry in Q1 2025 is experiencing substantial shifts driven by economic, regulatory, and consumer preference changes. This report delves into...
Brazil Restaurant Market Report- Q1 2025
The Brazilian restaurant market in the first quarter of 2025 is navigating a challenging landscape characterized by economic volatility and shifting consumer preferences....
Italy Restaurant Market Report- Q1 2025
The Italy restaurant market has exhibited dynamic changes in Q1 2025, driven by advancements in technology, consumer preferences, and external economic factors. This...
