The Buffet Restaurants industry has declined over the past five years. Save for a positive 2015, the industry has continued to decline in subsequent years. While industry revenue has been negatively affected by increasing external competition, a more lasting threat to the industry has presented itself in the form of increasing health consciousness. Buffet-style restaurants tend to use lower-quality ingredients in the food they prepare in order to save costs and keep prices down. Rising health consciousness is anticipated to continue to reduce demand for the Buffet Restaurants industry over the five years to 2022. However, countervailing trends and industry innovations are forecast to stifle the intensity of the industry's decline in upcoming years.
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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