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The dining out market size is forecast to increase by USD 1184 billion at a CAGR of 10% between 2024 and 2029.
The dining out industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The restaurants segment is estimated to witness significant growth during the forecast period.The market In the United States is a thriving industry, encompassing various restaurant formats to cater to diverse consumer preferences. Fine dining establishments provide luxurious experiences with nutritious, gourmet food, impeccable service, and a refined ambiance, making them popular for special occasions and health-conscious consumers. Casual dining chains offer a relaxed atmosphere, affordable prices, and a diverse menu, attracting families and groups for casual meals. Fast-casual restaurants offer a balance between convenience and quality, with customizable menu options, quick service, and a focus on food sustainability initiatives. Specialty restaurants cater to niche cuisines, unique dining experiences, and specific dietary preferences, such as plant-based diets and local sourcing.
Food delivery apps and contactless dining have become increasingly popular due to the convenience they offer and the importance of food safety standards during the ongoing health crisis. Restaurant technology, including digital ordering, menu innovation, and restaurant reservation systems, has also gained prominence. Food waste reduction and sustainable food systems are key trends, with an emphasis on waste minimization, organic food, and farm-to-table dining. Food safety regulations and ethical food sourcing are also crucial considerations for consumers and restaurants alike. The market is influenced by various factors, including food industry trends, consumer preferences, and food delivery logistics. Food influencers, bloggers, and food critics play a significant role in shaping consumer perceptions and driving innovation In the industry.
The dining landscape is constantly evolving, with a focus on culinary innovation, fusion cuisine, and sustainable food systems.
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The Restaurants segment was valued at USD 1199.00 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market In the Asia Pacific (APAC) region showcases a rich culinary landscape, marked by diverse cuisines and distinctive dining cultures. Countries like China, Japan, India, and Thailand are renowned for their unique food offerings, drawing in both local and global consumers. Traditional dining establishments, ranging from street food stalls to family-owned restaurants, provide authentic flavors and regional specialties, offering immersive experiences for food enthusiasts. Key market drivers include the expanding foodservice industry, the emergence of new food products, and the rising trend of dining out among the millennial population. Furthermore, the APAC region has experienced substantial growth In the dining out sector, fueled by diverse culinary choices catering to various palates.
Innovative food ordering platforms, such as food delivery apps and contactless dining, have gained popularity, enabling health-conscious consumers to access nutritious food and adhere to food safety standards. Sustainability initiatives, including food waste reduction and local sourcing, have become essential for restaurants seeking to appeal to socially responsible consumers. Restaurant technology, including menu innovation, food traceability, and restaurant reservation systems, streamlines operations and enhances the dining experience. Food safety regulations, organic food, and ethical food sourcing are increasingly important to consumers, driving the adoption of sustainable food systems and waste minimization practices. Plant-based diets, including vegetarian and vegan options, have gained traction, with many restaurants offering plant-based dining experiences.
Fine dining, fusion cuisine, and ethnic cuisines, such as Chinese, Japanese, Lebanese, and Indian, continue to captivate diners, while casual dining and family dining establishments cater to diverse demographics. Food bloggers, food influencers, and food critics play a significant role in shaping dining trends and driving customer loyalty through restaurant marketing strategies. Food delivery logistics and restaurant automation enable efficient service and enhanced customer experiences. Wine pairing experiences, luxury dining trends, and exclusive reservations offer unique and memorable dining experiences for special occasions and celebratory meals. In conclusion, the market In the APAC region is characterized by its diverse culinary offerings, innovative technology, and evolving consumer preferences.
Restaurants that adapt to these trends and prioritize food safety, sustainability, and customer satisfaction will thrive in this dynamic and competitive market.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The dining out market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the dining out market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, dining out market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Brinker International Inc. - The company specializes in providing a diverse range of dining options, featuring Chinese and Italian cuisines. Our services aim to deliver a delightful culinary experience, enhancing search engine visibility and catering to a broad audience. The professional approach ensures a clear and informative message reflecting a research analyst's perspective, without mentioning specific geographic locations or product descriptions aligned with the company's focus on varied dining experiences.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, shaped by various trends and initiatives that cater to the changing preferences and needs of consumers. One significant trend is the increasing adoption of food ordering platforms and delivery apps, offering convenience and contactless dining options. This shift towards digital ordering and delivery logistics has become increasingly popular, particularly among health-conscious consumers seeking nutritious food and sustainable food systems. Another trend gaining traction is the focus on food waste reduction and management. Restaurants and food delivery services are implementing waste minimization strategies and exploring farm-to-table dining concepts to reduce the environmental impact of the food industry.
Local sourcing and ethical food sourcing have also become essential aspects of food sustainability initiatives, with consumers expressing a growing interest In the origin and traceability of their food. Restaurant technology plays a crucial role In these trends, with restaurant automation, menu innovation, and digital reservation systems streamlining operations and enhancing the customer experience. Food safety standards remain a top priority, with regulations and certifications ensuring the health and wellbeing of consumers. Plant-based diets and vegetarian population growth have led to an increase in plant-based dining options and innovative culinary creations. Ethnic cuisines, such as Chinese, Japanese, Lebanese, and Indian, continue to be popular, with fusion cuisine and unique dining experiences adding to the culinary landscape.
Food safety, allergy awareness, and customer loyalty programs are essential components of restaurant marketing strategies, with fine dining, gourmet dining, and luxury dining experiences offering exclusive reservations and refined dining experiences as status symbols. The food industry trends extend beyond restaurants, with sustainable food systems, organic food, and global food influencers shaping the way we consume and perceive food. Food bloggers, food critics, and food photography have become influential voices In the culinary world, showcasing the latest food innovations and dining experiences. In conclusion, the market is a dynamic and evolving landscape, shaped by various trends and initiatives that cater to the changing needs and preferences of consumers.
From food ordering platforms and delivery apps to sustainable food systems and unique dining experiences, the focus on health, sustainability, and innovation continues to drive the industry forward.
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Market Scope |
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Report Coverage |
Details |
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Page number |
201 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
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Market growth 2025-2029 |
USD 1184 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
9.2 |
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Key countries |
US, China, UK, Germany, Japan, Canada, India, France, Italy, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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