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Dining Out Market Value to Reduce by $750 Billion During 2020-2024 | Technavio

·6 min read

Technavio has been monitoring the dining out market and it is poised to reduce by USD 750.41 billion during 2020-2024, progressing at a CAGR of over (9)% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210204006148/en/

Technavio has announced its latest market research report titled Global Dining out Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the dining out market. The market growth in 2020 is likely to Decrease compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by Type, which is the leading segment in the market?
    The restaurants segment led the market in 2019.

  • What are the major trends in the market?
    Increase in the demand for gluten-free food is the major trend in the market.

  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of over (9)% during the forecast period.

  • Who are the top players in the market?
    Brinker International Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Oberoi Group, Starbucks Corp., The Wendys Co., and YUM! Brands Inc. are the major players in the market.

  • What are the key market drivers and challenges?
    The rise in the number of restaurants worldwide is the key driver in the market. However, fluctuations in raw material prices will challenge growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Brinker International Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Oberoi Group, Starbucks Corp., The Wendys Co., and YUM! Brands Inc. are some of the major market participants. Although the rise in the number of restaurants worldwide will offer immense growth opportunities, fluctuations in raw material prices are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this dining out market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Dining out Market 2020-2024: Segmentation

Dining out Market is segmented as below:

  • Type

    • Restaurants

    • Drinking Establishments

  • Geography

    • APAC

    • North America

    • Europe

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45292

Dining out Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The dining out market report covers the following areas:

  • Dining out Market Size

  • Dining out Market Trends

  • Dining out Market Industry Analysis

This study identifies an increase in the demand for gluten-free food as one of the prime reasons driving the Dining out Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Dining out Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist dining out market growth during the next five years

  • Estimation of the dining out market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the dining out market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of dining out market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Restaurants - Market size and forecast 2019-2024

  • Drinking establishments - Market size and forecast 2019-2024

  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive landscape

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Brinker International Inc.

  • Doctors Associates LLC

  • Dominos Pizza Inc.

  • Dunkin Brands Group Inc.

  • Inspire Brands Inc.

  • McDonald Corp.

  • Oberoi Group

  • Starbucks Corp.

  • The Wendys Co.

  • YUM! Brands Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204006148/en/

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