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Italian Restaurants in the US - Industry Market Research Report

Publisher IBISWorld
Published Oct 26, 2024
Length 76 Pages
SKU # IBSS19340670

Description

Italian Restaurants in the US - Industry Market Research Report


Italian Restaurants in the US

Italian restaurants are chain and franchised restaurants that mainly provide customers Italian food, including pizza. Italian cuisine is popular among consumers, resulting in a fragmented industry composed mainly of smaller, family-owned restaurants. During the 2020 pandemic, the federal government established social distancing requirements to prevent the spread of the virus. During this time, restaurants were operating at a lower capacity, which harmed revenue. Higher vaccination rates, rising disposable income and improving economic conditions enabled the industry to recover from most pandemic-related losses as consumers craved dining experiences. Due to these trends, revenue has been growing at a CAGR of 2.6% over the past five years and is expected to reach $86.4 billion in 2023. This includes a 2.1% jump in 2023 alone.

The industry includes chain and franchised restaurants that mainly provide Italian-style food, including pizza, to patrons. Restaurants may provide this food service in combination with selling alcoholic and other beverages. This industry does not include restaurants that sell a small portion of Italian food as part of a wider cuisine.

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

76 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
How Do Licenses Work?
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