The Market value (OSP) in Dine-in Foodservice in United States of America reached USD 640,482.33 million in 2023
The indicator recorded a historical growth (CAGR) of 21% between 2020 to 2023 and is expected to grow by ...
GlobalData projects the indicator to grow at a CAGR of ...
United States of America foodservice market analysis
The overall value of the USA foodservice profit sector declined in 2015 –2020. The decline in the USA foodservice profit sector was due to a substantial reduction in the number of transactions in 2020, owing to the COVID -19 pandemic. The period recorded long-term closures of activities and eventually permanent closure of various businesses. However, e-commerce and takeaways played a vital role in mitigating the losses of foodservice businesses. Profit sector channels will see increasing average transaction prices, which will support the growth of the country’s foodservice market. With the return of normalcy, dine-ins will continue to dominate the majority of foodservice channels in the USA, given that consumers enjoy the opportunity to relax and enjoy a meal on premise.
Dine-in market
In 2020, players across the dine-in industry focused on changing their operational style and introduced home deliveries, drive-thrus, and dark kitchens to maintain profit margins.
The onset of the pandemic reduced dine-in sales of fast-food chains, which resulted in the shutdown of several outlets, dine-in and takeaway services across the QSR channel registered declines, with dine-in services declining at a higher rate.
Speedy vaccination rollouts and gradual economic recovery are projected to support dine-in at restaurants frequently. Therefore, the channel is forecast to strongly rebound, with substantial growth in both transactions and average transaction value.
In August 2020, Yum! Brands, Inc. announced the permanent closure of 300 of its outlets across the USA on account of significant losses across its dine-in restaurant outlets. With increasing customer demand for a personalized experience, Brinker International Inc is focusing on using technology to improve data-driven efficiencies and offer a high-quality dine-in experience.
Dine-in: To eat a meal on the premises of a foodservice operator, away from home, as in a hotel, restaurant, or any foodservice outlet.
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