Restaurant industry in the U.S. - statistics & facts

The restaurant industry in the United States has seen healthy growth over the past few decades. As a leading contributor to the global restaurant market, the U.S. restaurant industry's food and drink sales have more than doubled since 2000, reaching an all-time high of approximately 800 billion U.S. dollars in 2017. Compared with 1970, when annual sales amounted to a mere 42 billion U.S. dollars nationwide, today's restaurant landscape is a more vital driver of economic growth and development. For millions of Americans, restaurants have also become an essential part of everyday personal and professional life. Prior to the coronavirus outbreak (COVID-19), consumers were dining out more frequently and spending more money on restaurant visits than ever before. While millions of people still depend on the hospitality sector for work, the number of employees in the U.S. restaurant industry is presumed to have declined significantly amidst the series of nationwide restaurant closures.

Most popular restaurant chains in the United States

In 2019, McDonald's was the leading restaurant chain in the United States and the most valuable quick-service restaurant brand worldwide. With an estimated brand value of approximately 129 billion U.S. dollars and annual sales of over 40 billion U.S. dollars, the global fast-food giant surpassed all other leading burger franchises, including Burger King and Wendy's. In terms of sales, the company also outperformed the most successful fine dining chains in the country. Overall, quick-service restaurants (QSR) have experienced steady revenue growth over the past few years following the ever-increasing consumer appetite for quick and affordable meals. Today, the number of QSR establishments stands at an all-time high, and while many locations had to close their doors at least temporarily in 2020, drive-thru and delivery infrastructures have enabled restaurants to resume operations during the pandemic.

The future of the U.S. restaurant industry: is takeout taking over?

The coronavirus (COVID-19) pandemic continues to have a significant impact on the restaurant industry in the United States. While full-service restaurants faced competition before the pandemic due to the fast-food phenomenon and overall saturation of the market, the shift away from sit-down dining was accelerated even further as stay-home orders kept consumers from visiting dining rooms in 2020. Visits to full-service restaurants in the United States declined by almost 50 percent, whereas quick-service restaurants were not as severely affected. In light of this situation, small eateries and leading full-service restaurant chains like Applebee's expanded their digital presence and introduced delivery services to stay afloat. Today, the marketplace for food delivery and takeaway is soaring, a trend that will likely continue to influence restaurant operations and reshape the dining experience in the United States for years to come.

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Limited-service restaurants

Full-service restaurants

Customers

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Restaurant industry in the U.S.".

Restaurant industry in the U.S.

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Restaurant industry in the U.S. - statistics & facts

The restaurant industry in the United States has seen healthy growth over the past few decades. As a leading contributor to the global restaurant market, the U.S. restaurant industry's food and drink sales have more than doubled since 2000, reaching an all-time high of approximately 800 billion U.S. dollars in 2017. Compared with 1970, when annual sales amounted to a mere 42 billion U.S. dollars nationwide, today's restaurant landscape is a more vital driver of economic growth and development. For millions of Americans, restaurants have also become an essential part of everyday personal and professional life. Prior to the coronavirus outbreak (COVID-19), consumers were dining out more frequently and spending more money on restaurant visits than ever before. While millions of people still depend on the hospitality sector for work, the number of employees in the U.S. restaurant industry is presumed to have declined significantly amidst the series of nationwide restaurant closures.

Most popular restaurant chains in the United States

In 2019, McDonald's was the leading restaurant chain in the United States and the most valuable quick-service restaurant brand worldwide. With an estimated brand value of approximately 129 billion U.S. dollars and annual sales of over 40 billion U.S. dollars, the global fast-food giant surpassed all other leading burger franchises, including Burger King and Wendy's. In terms of sales, the company also outperformed the most successful fine dining chains in the country. Overall, quick-service restaurants (QSR) have experienced steady revenue growth over the past few years following the ever-increasing consumer appetite for quick and affordable meals. Today, the number of QSR establishments stands at an all-time high, and while many locations had to close their doors at least temporarily in 2020, drive-thru and delivery infrastructures have enabled restaurants to resume operations during the pandemic.

The future of the U.S. restaurant industry: is takeout taking over?

The coronavirus (COVID-19) pandemic continues to have a significant impact on the restaurant industry in the United States. While full-service restaurants faced competition before the pandemic due to the fast-food phenomenon and overall saturation of the market, the shift away from sit-down dining was accelerated even further as stay-home orders kept consumers from visiting dining rooms in 2020. Visits to full-service restaurants in the United States declined by almost 50 percent, whereas quick-service restaurants were not as severely affected. In light of this situation, small eateries and leading full-service restaurant chains like Applebee's expanded their digital presence and introduced delivery services to stay afloat. Today, the marketplace for food delivery and takeaway is soaring, a trend that will likely continue to influence restaurant operations and reshape the dining experience in the United States for years to come.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Restaurant industry in the U.S.".

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