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Dining Out Market | Rise in the Number of Restaurants Worldwide to Boost Market Growth | Technavio

·9 min read

NEW YORK, June 23, 2022 /PRNewswire/ -- The "Dining Out Market by Type (restaurants and drinking establishments) and Geography (APAC, North America, Europe, South America, and MEA) - Forecast and Analysis" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled
 Dining out Market by Type and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Dining out Market by Type and Geography - Forecast and Analysis 2021-2025

The potential growth difference for the dining out market is USD 1.83 trillion at a CAGR of 52.96%. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to an analyst now.

Key Market Dynamics:

  • Market Driver

  • Market Challenges

One of the main factors fueling the expansion of the global dining-out industry is the increase of restaurants across the globe. The expansion of the global dining-out sector will be fueled by the popularity of chef-driven restaurant franchises. More and more professionally trained chefs and celebrity chefs are focusing on utilizing the expansion opportunities offered by fast-casual formats and franchising, which has resulted in an increase in chef-driven dining-out establishments. Additionally, chefs with formal training offer increasingly creative menus and exclusive dishes to satiate the palates of the expanding taste- and health-conscious Millennials.

However, factors such as fluctuations in raw material prices will challenge market growth.

To learn about additional key drivers, trends, and challenges available with Technavio. Read Sample Report right now!

The dining out market report is segmented by Type (restaurants and drinking establishments) and Geography (APAC, North America, Europe, South America, and MEA). APAC will account for 46% of market growth. The largest dining-out market in APAC is China. This region's market will grow less quickly than the markets in any other region. Over the projection period, the expansion of the dining-out market in APAC would be aided by the increase of restaurants globally.

View the sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned with their Offerings

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  •  

To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Dining Out Market Segmentation

The restaurant sector's market share will expand significantly. QSRs and full-service restaurants are both included in this segment. In contrast to quick-service restaurants (QSRs), full-service restaurants are sit-down establishments where food is delivered right to the customer's table. The segment will grow during the projection period as a result of factors like the rise in full-service eateries and the addition of new foods to menus.

  • Type

  • Geographic Landscape

Do reach out to our analysts for more customized reports as per your requirements. Buy Now!

Related Reports:

Specialty Coffee Shops Market: The specialty coffee shops' market share is expected to increase by USD 68.59 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.02%. Download Sample Report.

Fast Casual Restaurants Market: The fast-casual restaurants market share is expected to increase by USD 186.27 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.41%. Download Sample Report.

Dining Out Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 52.96%

Market growth 2021-2025

$ 1.83 tn

Market structure

Fragmented

YoY growth (%)

172.02

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

China, US, Canada, Japan, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Brinker International Inc., Chick-fil-A Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., Doctors Associates LLC, Dominos Pizza Inc., Godfathers Pizza Inc., Inspire Brands Inc., Jack in the Box Inc. , and Jollibee Foods Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem

  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2020

  • 3.4 Market outlook: Forecast for 2020 - 2025

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Type

  • 5.1 Market segments

  • 5.2 Comparison by Type

  • 5.3 Restaurants - Market size and forecast 2020-2025

  • 5.4 Drinking establishments - Market size and forecast 2020-2025

  • 5.5 Market opportunity by Type

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 APAC - Market size and forecast 2020-2025

  • 7.4 North America - Market size and forecast 2020-2025

  • 7.5 Europe - Market size and forecast 2020-2025

  • 7.6 South America - Market size and forecast 2020-2025

  • 7.7 MEA - Market size and forecast 2020-2025

  • 7.8 Key leading countries

  • 7.9 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Brinker International Inc.

  • 10.4 Chick-fil-A Inc.

  • 10.5 Chipotle Mexican Grill Inc.

  • 10.6 Del Taco Restaurants Inc.

  • 10.7 Doctors Associates LLC

  • 10.8 Dominos Pizza Inc.

  • 10.9 Godfathers Pizza Inc.

  • 10.10 Inspire Brands Inc.

  • 10.11 Jack in the Box Inc.

  • 10.12 Jollibee Foods Corp.

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Currency conversion rates for US$

  • 11.3 Research methodology

  • 11.4 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email:media@technavio.com
Website: www.technavio.com/

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