Chinese Restaurants in the US - Industry Market Research Report
Description
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.
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.
Table of Contents
38 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
Search Inside Report
Pricing
Currency Rates
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