Casual Restaurants Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/6/2024
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, Dine Brands Global, and Outback Steakhouse (all based in the US), along with Recipe Unlimited (Canada), The Restaurant Group (UK), and Skylark Holdings (Japan).

The global food service market is forecast to reach about $4 trillion by 2026, according to the Global Industry Analysts Inc. (GIA). The Asia/Pacific is one of the largest markets for global online food delivery market, according to Globe News Wire. The global food service market is forecast to reach about $4 trillion in 2026 at a compound annual growth rate (CAGR) of about 10%, according to the Business Research Company. The Asia/Pacific region, North America, and Western Europe are the largest food service markets, per Euromonitor International.

The US full-service restaurant industry, which includes casual restaurants, comprises about 250,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $300 billion.


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 ...

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