Vegetarian & Vegan Restaurants in the US - Industry Market Research Report
Description
Vegetarian & Vegan Restaurants in the US
Vegetarian and vegan restaurants have shrunk as an industry over the five years to 2023, despite several favorable trends that have supported a growing consumer base for vegetarian and vegan cuisine. Rising health consciousness and the rising popularity of the flexitarian, or semi-vegetarian, diet have bolstered demand for vegetarian and vegan-style food. The growing value of agriculture and rising consumer spending during most of the period led to a rise in consumers' spending money on food away from home. The industry was adversely affected by the outbreak of COVID-19, however, and subsequent government restrictions on indoor dining resulted in revenue plummeting that year. Revenue is expected to abate at a CAGR of 1.9% to $30.9 billion over the five years to 2023, including a rise of 1.1% in 2023 alone.
This industry includes quick-service and full-service restaurants that exclusively sell vegan and vegetarian food and drinks. This industry does not include restaurants that sell a small portion of vegan or vegetarian 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.
Vegetarian and vegan restaurants have shrunk as an industry over the five years to 2023, despite several favorable trends that have supported a growing consumer base for vegetarian and vegan cuisine. Rising health consciousness and the rising popularity of the flexitarian, or semi-vegetarian, diet have bolstered demand for vegetarian and vegan-style food. The growing value of agriculture and rising consumer spending during most of the period led to a rise in consumers' spending money on food away from home. The industry was adversely affected by the outbreak of COVID-19, however, and subsequent government restrictions on indoor dining resulted in revenue plummeting that year. Revenue is expected to abate at a CAGR of 1.9% to $30.9 billion over the five years to 2023, including a rise of 1.1% in 2023 alone.
This industry includes quick-service and full-service restaurants that exclusively sell vegan and vegetarian food and drinks. This industry does not include restaurants that sell a small portion of vegan or vegetarian 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
40 Pages
- 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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