Casual Restaurants Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/20/2018
SIC Codes: 5812
NAICS Codes: 722511
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Casual Restaurants Industry Profile

Companies in this industry provide food services in casual atmospheres to seated patrons who are served by wait staff and pay after eating. Major companies include Brinker International, Darden Restaurants, DineEquity, and OSI Restaurant Partners (all based in the US), along with Recipe Unlimited (Canada), The Restaurant Group (UK), and Skylark (Japan).

Worldwide food service revenue, which includes revenue for casual restaurants and other types of dining establishments, totals nearly $3 trillion annually, according to Euromonitor. The Asia/Pacific region, North America, and Western Europe are the largest food service markets. Latin America and the Middle East/Africa region are leading growth markets for the food service sector.

The US full-service restaurant industry, which includes casual restaurants, comprises about 290,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $225 billion.

COMPETITIVE LANDSCAPE

Casual restaurants are adopting new technologies and services to compete for consumers who increasingly value convenience. Mobile payments, online ordering, and home delivery are becoming more commonplace. Pricing is also becoming a more important issue as customers are able to choose from a growing variety of dining options, including pre-packaged meals from outlets such as grocery stores, convenience stores, and coffee shops. Full-service restaurants also compete with fast-food and other limited-service restaurants, fine-dining establishments, and specialty eateries. Emerging competitors such as providers of subscription meal kits could further disrupt the industry in the future.

Factors ...

 
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