Chinese Restaurants in the US - Industry Market Research Report
Chinese Restaurants in the US
Over the five years to 2023, the Chinese Restaurants industry has grown, largely due to a favorable macroeconomic climate. As industry services are considered discretionary, broader economic changes directly impact the industry's performance. The COVID-19 pandemic in 2020, rising interest rates and inflation since 2021 have created significant challenges for the industry. As a result, many Chinese restaurants have increased menu prices to maintain financial stability and growth. Despite these challenges, the industry continues to adapt and thus is projected to increase at a CAGR of 5.7% to $26.5 billion over the five years to 2023, including a 0.0% plateau in 2023 alone, when profit is projected to remain stable at 5.3%.
The industry comprises independent, chain and franchised restaurants that serve Chinese food to patrons for on-premise consumption and for take-out. These companies may also offer alcoholic and other beverages with the food.
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.
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