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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