CLEVELAND — US restaurant and foodservice revenues are forecast to total $990 billion in 2021, according to Restaurants & Foodservice: United States, a report recently released by Freedonia Focus Reports. Increases in the population and disposable personal income will drive overall gains in restaurant and foodservice revenues. Consumers are expected to dine out more often and purchase higher-priced offerings as their incomes rise.
More information about the report is available at
https://www.freedoniafocusreports.com/Restaurants-Foodservice-United-States-FF95019/
Revenues from fast casual restaurants, the fastest growing service segment, will see gains as millennials obtain higher incomes, supporting sales of higher-priced menu options. Additionally, new restaurant concepts will further drive sales among this key demographic.
These and other key insights are featured in Restaurants & Foodservice: United States. This report forecasts US restaurant and foodservice revenues in nominal US dollars to 2021. Total revenues are segmented by service category in terms of:
- full service restaurants
- quick service restaurants
- fast casual restaurants
- snack, bakery, and coffee shops
- bars and taverns
- buffets and cafeterias
- other foodservice providers such as contract management companies
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
Source: The Freedonia Group