Buffet Restaurants in the US - Industry Market Research Report
Description
Buffet Restaurants in the US - Industry Market Research Report
Buffet Restaurants
The Buffet Restaurants industry has had a mixed performance over the five years to 2019. Industry revenue has increased during the period along with rising consumer spending and per capita disposable income, which has incentivized consumers to eat out more often. However, most buffets operate on an all-you-can-eat model, in which customers pay a fixed fee and are then able to consume as much food as they would like, which encourages overeating. Both of these general aspects of buffet restaurants are unappealing to consumers that are dieting or are otherwise conscious of their food consumption habits. Rising health consciousness and changing consumer preferences are anticipated to continue to reduce demand for the Buffet Restaurants industry over the five years to 2024. However, countervailing trends and industry innovations are forecast to stifle this decline in upcoming years. Industry operators are anticipated to increase their focus on making their restaurants more appealing to changing consumer preferences by increasing their offerings of low-fat foods and using social media and other innovative marketing techniques to increase their exposure and bring in new customers.
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.
Buffet Restaurants
The Buffet Restaurants industry has had a mixed performance over the five years to 2019. Industry revenue has increased during the period along with rising consumer spending and per capita disposable income, which has incentivized consumers to eat out more often. However, most buffets operate on an all-you-can-eat model, in which customers pay a fixed fee and are then able to consume as much food as they would like, which encourages overeating. Both of these general aspects of buffet restaurants are unappealing to consumers that are dieting or are otherwise conscious of their food consumption habits. Rising health consciousness and changing consumer preferences are anticipated to continue to reduce demand for the Buffet Restaurants industry over the five years to 2024. However, countervailing trends and industry innovations are forecast to stifle this decline in upcoming years. Industry operators are anticipated to increase their focus on making their restaurants more appealing to changing consumer preferences by increasing their offerings of low-fat foods and using social media and other innovative marketing techniques to increase their exposure and bring in new customers.
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.
Table of Contents
40 Pages
- 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 & MARKETS
Supply Chain
Products & 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 & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
