United States Restaurants Market, Forecast by Segment & Services | Renub Research

United States Restaurant Market will be US$ 1,064 Million by 2026. Forecast by Segment, Commercial Services by Sub-segment, Non-commercial Services by Sub-segment, Restaurant Expenditures, Key Players
By: Renub Research
 
 
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US Restaurant Market

Industry:
Business

Location:
Roswell - Georgia - US

ROSWELL, Ga. - Sept. 22, 2020 - PRLog -- Dining out and eating in restaurants has become an essential part of the American people's lifestyle. According to the Bureau of Labor Statistics survey in 2018, families with an annual income of at least US$ 70,000 were accountable for 63 percent of total restaurant spending. In the United States, people with higher household's income have risen steadily over the years and has also contributed partially for the rise of restaurant industry sales. According to Renub Research report, United States Restaurant Market will be US$ 1,064 Million by 2026.

COVID Impact on Restaurant Industry of the United States

Due to COVID-19 pandemic, the government had to close the restaurants to stop the spread of disease. This had a cascading effect on the restaurant sector of the United States. It led to staff layoffs, a sharp decline in income for QSR chains and closure of many independent restaurants. However, according to our research, we feel that the worst is behind us and in the second half of the 2020 restaurant industry will revive. Once the vaccine will come into the market in October to November than USA restaurant industry will grow at a much faster rate in 2021.

Factors Driving the Market

• There has been significant growth in online ordering due to increased digitalization of foodservice.
• Demand for organic food is growing in United States homes, so it's imperative that healthy and organic food will be the focus of restaurants.
• The use of robots in the hospitality industry is rising, thus solving the issue of high labour cost.

In this report, we have done complete assessments on United States Restaurant market by its segment as Commercial Restaurant Services, Non-commercial Restaurant Services, and Military Restaurant Services market. In addition to this how people in the United States dine out with their family, friends, acquaintances and contribute to the development of this industry.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Tags:US Restaurant Market
Industry:Business
Location:Roswell - Georgia - United States
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