GITNUX MARKETDATA REPORT 2024
Must-Know Restaurant Industry Statistics [Current Data]
With sources from: businessinsider.com, restaurantbusinessonline.com, restaurant.org, usatoday.com and many more
In this post, we will explore a comprehensive overview of key statistics in the restaurant industry, shedding light on various aspects such as revenue generation, employment numbers, consumer spending habits, and market trends. From the impact of the COVID-19 pandemic to the dominance of fast food chains, these statistics offer valuable insights into the dynamics shaping the restaurant sector both globally and in the United States.
Statistic 1
"The global restaurant industry generated $1.752 trillion in revenue in 2020."
Statistic 2
"Fast food restaurants make up 50% of the entire restaurant industry sales in the United States."
Statistic 3
"15.3 million people were employed in the US restaurant industry in 2019."
Statistic 4
"The average American spends 48% of their food budget on restaurants."
Statistic 5
"In 2019, Starbucks was the largest restaurant chain in the United States, with sales of $21.38 billion."
Statistic 6
"Approximately 60% of new restaurants fail within their first year."
Statistic 7
"In 2019, the quick-service restaurant industry was valued at $273.55 billion in the United States."
Statistic 8
"The full-service restaurant (FSR) segment’s workforce was around 5.15 million persons in the United States in 2019."
Statistic 9
"The limited-service restaurant (LSR) segment’s workforce was around 4.98 million persons in the United States in 2019."
Statistic 10
"In 2020, 46% of restaurant operators considered off-premise sales as their primary business."
Statistic 11
"In 2020, 1.3 trillion delivery transactions occurred in the restaurant industry."
Statistic 12
"The global restaurant industry had a growth rate of -16.7% in 2020, due to the COVID-19 pandemic."
Statistic 13
"In 2021, the average monthly revenue per seat in the U.S. restaurant sector was $3,760."
Statistic 14
"The global online food delivery market was worth $136.4 billion in 2020."
Statistic 15
"There were approximately 1.1 million table service restaurants worldwide in 2019."
Statistic 16
"U.S. restaurant industry food and drink sales amounted to $659.3 billion in 2021, recovering from the pandemic."
Statistic 17
"There were approximately 660,755 restaurants in the United States in Spring 2018."
Interpretation
The statistics presented offer a comprehensive snapshot of the dynamic landscape within the restaurant industry, showcasing the significant economic impact, varying workforce sizes, consumer spending habits, and market trends. The industry's resilience is evident in the recovery of food and drink sales post-pandemic, despite the challenges faced by businesses globally. Fast food establishments dominate the market share in the US, with a notable shift towards off-premise sales and online delivery services. The high rate of new restaurant failures emphasizes the competitive nature of the industry, requiring strategic adaptation to consumer preferences and operational trends for sustained success.
Jannik Lindner
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