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United State Restaurant Industry Insights, Growth Drivers, Challenges, Opportunity, Restaurant Industry Sales & Food Service Jobs

  • ID: 5029480
  • Report
  • May 2020
  • Region: Global
  • 67 pages
  • Renub Research

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1. Introduction

2. Executive Summary

3. Growth Drivers:
  • Technology and data are going to play the biggest role yet in this future state of the industry
  • Consumers may grow increasingly loyal to third-party delivery apps, eclipsing loyalty to individual restaurants
  • Restaurants already employ more women and minority managers than any other private sector industry
  • Training & Development
4. Challenges faced:
  • Financing may continue to be challenging for restaurants
  • Food Safety & Security
5. Opportunity
  • Health & Nutrition
  • Sustainability
  • Technology and data are going to play the biggest role yet in this future state of the industry
  • Information technology will permeate restaurants
6. United State Restaurant Industry Insights
  • Categories Covered:
  • Restaurant Industry Sales in US Billion (2010, 2018 & 2030)
  • Restaurant & Food Service Jobs in Million (2010, 2018 & 2030)
  • United State - People in Labor Force by Ages in Million, 1978-2028
  • Growing Proportion of the Labor Force by Age in Million
  • United State - Average Annual Growth by Resident Population, 2014 - 2018
  • United States - Average Annual Growth by Resident Population in Percent, 1950- 2030
7. Consumers in 2030
  • Covered:
  • Snapshot of the US population in 2030
  • Older adults claim bigger slice of the pie
  • United State Population by Age in Percent, 2010
  • United State Population by Age in Percent, 2020
  • United State Population by Age in Percent, 2030
  • U.S. Population Share by Race & Ethnicity in Percent, 2010
  • U.S. Population Share by Race & Ethnicity in Percent, 2020
  • U.S. Population Share by Race & Ethnicity in Percent, 2030
  • 8.Restaurant Industry Structure
  • The restaurant industry in 2030 will be like nothing you have ever seen before and that’s exactly how operators will thrive
9. Facilities & Operations
  • Off-premises is where much of the future growth will likely be
10. Profitability & Income
  • Margin pressures will remain intense for restaurants of all types and sizes, making cost management more essential than ever
11. Autonomous Vehicles
  • Autonomous Vehicles promise to change how people on the road get their food, and what they eat and drink in cars
  • Non-food companies could add food and prepared meals to their offerings as an added service
  • Automation and robotics will begin to play a greater role in food preparation and the kitchen line
  • Weather volatility could drive up food costs by causing disruptions in agriculture and the food distribution system
  • Artificial intelligences with knowledge of cooking techniques, food chemistry, recipes, and alcohol will produce unexpected new culinary and beverage experiences.
  • An aging U.S. population, advanced genetic knowledge, and the rising incidence of lifestyle diseases such as heart disease, obesity and Type 2 diabetes will create growing demand for meals that provide specific health benefits to diners, on an increasingly personalized level.
12. Cloud kitchens & Virtual Restaurants
  • Accelerating trends in technology and consumer demand will lead to more “cloud kitchens” AND “virtual restaurants” Sustainability
List of Figures:
  • Figure-1: Restaurant Industry Sales in US Billion (2010, 2018 & 2030)
  • Figure-2: Restaurant & Food Service Jobs in Million (2010, 2018 & 2030)
  • Figure-3: United State - People in Labor Force by Ages in Million, 1978-2028
  • Figure-4: Growing Proportion of the Labor Force by Age in Million
  • Figure-5: United State - Average Annual Growth by Resident Population, 2014 - 2018
  • Figure-6: United States - Average Annual Growth by Resident Population in Percent, 1950- 2030
  • Figure-7: United State Population by Age in Percent, 2010
  • Figure-8: United State Population by Age in Percent, 2020
  • Figure-9: United State Population by Age in Percent, 2030
  • Figure-10: U.S. Population Share by Race & Ethnicity in Percent, 2010
  • Figure-11: U.S. Population Share by Race & Ethnicity in Percent, 2020
  • Figure-12: U.S. Population Share by Race & Ethnicity in Percent, 2030
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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