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Dining out Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45292
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The dining out market share is expected to increase by USD 1.83 trillion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 52.96%.

This dining out market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dining out market segmentations by type (restaurants and drinking establishments) and geography (APAC, North America, Europe, South America, and MEA). The dining out market report also offers information on several market vendors, including 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. among others.

What will the Dining Out Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Dining out Market Size for the Forecast Period and Other Important Statistics

 

Dining Out Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been anegative impact on the market growth during and post COVID-19 era. The rise in the number of restaurants worldwide is notably driving the dining out market growth, although factors such as fluctuations in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dining out industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dining Out Market Driver

The rise in the number of restaurants worldwide is one of the key factors driving the global dining out market growth. The number of Quick Service Restaurants (QSRs) and fast-casual restaurants is increasing due to the rising demand for fast food in emerging economies. This is encouraging fast-food chains to expand domestically and internationally. According to The World Bank Group, the urban population across the globe grew from 53.01% in 2013 to 56.15% in 2020. The growth in the influx of people to urban areas and the substantially large white-collared demographic have pushed up the number of QSRs and popularized the concept of dining out, particularly among the urban youth. Major restaurants and fast-food chains are opening outlets across the world. For instance, in March 2021, Wendy's Co. planned to open around 250 units globally after opening about 150 restaurants in 2020. Similarly, in 2020, Taco Bell opened 13 new restaurants in Australia and New Zealand (ANZ) and planned to open another 60 outlets in the ANZ by 2024. With the rising number of QSR, the global market for dining out is expected to witness significant growth during the forecast period.

Key Dining Out Market Trend

The rise in the popularity of chef-driven dining out restaurant franchises will fuel the global dining out market growth. Chef-driven dining out restaurants are on the rise as more and more professionally trained chefs and celebrity chefs are now focusing on benefitting from the growth vehicles provided by fast-casual formats and franchising. Also, professionally trained chefs offer more innovative menus and proprietary recipes to satisfy the taste buds of the growing taste- and health-conscious Millennials. Chef-driven dining out restaurants focus on offering high-quality food at affordable food prices, with a strong focus on optimizing efficiency and training in the kitchen. Consistency is a key factor that is responsible for the success of any chef-driven dine-out restaurant. Chef-driven restaurants also make efforts to bring a seasoned chain management team for continuous growth and development. Therefore, the growing popularity of chef-driven dining restaurant franchises is expected to drive the global dining out market growth significantly during the forecast period

Key Dining Out Market Challenge

The fluctuations in raw material prices are a major challenge for global dining out market growth. A major challenge for almost all restaurants that offer dine-out services is the fluctuation in the prices of food commodities and ingredients that are vital for the preparation of food. For instance, the prices of ingredients and various food products, including cereals, oilseeds, dairy products, meat, and sugar, fluctuated significantly in 2020 globally due to inconvenience in supply chain operations. Moreover, the sudden spike in the prices of food commodities due to climate change and adverse weather conditions affected the profit margins of many dine-out restaurants across the globe. Such fluctuations in prices often create problems in production, thereby causing a demand-supply gap in the market. However, it is difficult for fast-food restaurants to maintain food pricing and quality standards due to the fluctuations in food commodity/raw material prices. This results in reduced profit margins, which will negatively impact the global dining out market growth during the forecast period.

This dining out market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global dining out the market as a part of the global restaurant market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the dining-out market during the forecast period.

Who are the Major Dining Out Market Vendors?

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

 

  • 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. 
  • Jollibee Foods Corp.

 

This statistical study of the dining-out market encompasses successful business strategies deployed by the key vendors. The dining out market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Brinker International Inc. - The company offers dining out products such as burgers, ribs, and fajitas.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The dining out market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Dining Out Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the dining out market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of  the global restaurants market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Dining Out Market?

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46% of the market’s growth will originate from APAC during the forecast period. China is the key market for the dining out market in APAC. Market growth in this region will be slower than the growth of the markets in all the other regions.

The rise in the number of restaurants worldwide will facilitate the dining out market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The dining out the market in APAC has witnessed a decline in 2020 due to the outbreak of COVID-19. This outbreak has created a lethal scenario across APAC, compelling governments to impose lockdown and ensure that people remain in their homes. This has impacted the operations of dining out restaurants across the region, as people are avoiding crowded commercial places. However, after lifting of lockdowns, most restaurants resumed dining out services in countries such as Malaysia and Thailand, which led to a bounce in the QSR demand. Most dining out restaurants are adapting to the new social distancing norms and proper sanitization to attract customers. Therefore, the regional market is expected to recover during the forecast period.

What are the Revenue-generating Type Segments in the Dining Out Market?

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The dining out market share growth by the restaurant's segment will be significant during the forecast period. The segment includes full-service restaurants and QSRs. Full-service restaurants are sit-down eateries where food is served directly on a customer’s table, whereas QSRs are fast food restaurants that have minimal sitting arrangements. Factors such as the increasing number of full-service restaurants and the introduction of new dishes on menus will drive the growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the dining-out market size and actionable market insights on post-COVID-19 impact on each segment.

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.

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What are the Key Data Covered in this Dining Out Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive dining out market growth during the next five years
  • Precise estimation of the dining out market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the dining out industry across APAC, North America, Europe, South America, and MEA
  • A thorough 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Restaurant market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Restaurants - Market size and forecast 2020-2025
      • Exhibit 17: Restaurants - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Restaurants - Year-over-year growth 2020-2025 (%)
    • 5.4 Drinking establishments - Market size and forecast 2020-2025
      • Exhibit 19: Drinking establishments - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Drinking establishments - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Competitive scenario
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 41: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 42: Market positioning of vendors
            • 10.3 Brinker International Inc.
              • Exhibit 43: Brinker International Inc. - Overview
              • Exhibit 44: Brinker International Inc. - Business segments
              • Exhibit 45: Brinker International Inc. - Key offerings
              • Exhibit 46: Brinker International Inc. - Segment focus
            • 10.4 Chick-fil-A Inc.
              • Exhibit 47: Chick-fil-A Inc. - Overview
              • Exhibit 48: Chick-fil-A Inc. - Product and service
              • Exhibit 49: Chick-fil-A Inc. - Key offerings
            • 10.5 Chipotle Mexican Grill Inc.
              • Exhibit 50: Chipotle Mexican Grill Inc. - Overview
              • Exhibit 51: Chipotle Mexican Grill Inc. - Business segments
              • Exhibit 52: Chipotle Mexican Grill Inc. - Key news
              • Exhibit 53: Chipotle Mexican Grill Inc. - Key offerings
              • Exhibit 54: Chipotle Mexican Grill Inc. - Segment focus
            • 10.6 Del Taco Restaurants Inc.
              • Exhibit 55: Del Taco Restaurants Inc. - Overview
              • Exhibit 56: Del Taco Restaurants Inc. - Business segments
              • Exhibit 57: Del Taco Restaurants Inc. - Key offerings
              • Exhibit 58: Del Taco Restaurants Inc. - Segment focus
            • 10.7 Doctors Associates LLC
              • Exhibit 59: Doctors Associates LLC - Overview
              • Exhibit 60: Doctors Associates LLC - Product and service
              • Exhibit 61: Doctors Associates LLC - Key offerings
            • 10.8 Dominos Pizza Inc.
              • Exhibit 62: Dominos Pizza Inc. - Overview
              • Exhibit 63: Dominos Pizza Inc. - Business segments
              • Exhibit 64: Dominos Pizza Inc. - Key news
              • Exhibit 65: Dominos Pizza Inc. - Key offerings
              • Exhibit 66: Dominos Pizza Inc. - Segment focus
            • 10.9 Godfathers Pizza Inc.
              • Exhibit 67: Godfathers Pizza Inc. - Overview
              • Exhibit 68: Godfathers Pizza Inc. - Product and service
              • Exhibit 69: Godfathers Pizza Inc. - Key offerings
            • 10.10 Inspire Brands Inc.
              • Exhibit 70: Inspire Brands Inc. - Overview
              • Exhibit 71: Inspire Brands Inc. - Product and service
              • Exhibit 72: Inspire Brands Inc. - Key news
              • Exhibit 73: Inspire Brands Inc. - Key offerings
            • 10.11 Jack in the Box Inc.
              • Exhibit 74: Jack in the Box Inc.  - Overview
              • Exhibit 75: Jack in the Box Inc.  - Product and service
              • Exhibit 76: Jack in the Box Inc. - Key news
              • Exhibit 77: Jack in the Box Inc. - Key offerings
            • 10.12 Jollibee Foods Corp.
              • Exhibit 78: Jollibee Foods Corp. - Overview
              • Exhibit 79: Jollibee Foods Corp. - Product and service
              • Exhibit 80: Jollibee Foods Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 81: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 82: Research Methodology
                • Exhibit 83: Validation techniques employed for market sizing
                • Exhibit 84: Information sources
              • 11.4 List of abbreviations
                • Exhibit 85: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The dining out market market growth will increase by $$ 1.83 tn during 2022-2025.
              The dining out market market is expected to grow at a CAGR of 52.96% during 2022-2025.
              Technavio has segmented the dining out market market by type (restaurants and drinking establishments) ,geography (APAC, North America, Europe, South America, and MEA) , and geographic (APAC, North America, Europe, South America, and MEA).
              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. , Jollibee Foods Corp. are a few of the key vendors in the dining out market market.
              APAC will register the highest growth rate of 46% among the other regions. Therefore, the dining out market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the dining out market market growth are:
              • Rise in the number of restaurants worldwide
              • Rise in the popularity of c hef-driven dining out restaurant franchises
              The dining out market market vendors should focus on grabbing business opportunities from the restaurants segment as it accounted for the largest market share in the base year.
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