Burger Restaurants in the US - Industry Market Research Report

Burger Restaurants in the US - Industry Market Research Report

  • March 2021 •
  • 37 pages •
  • Report ID: 6064143 •
  • Format: PDF
Well done: The industry will likely continue approaching market saturation, hurting participation


Burger Restaurants
The Burger Restaurants industry has relished growth in the domestic economy over the five years to 2018 as the unemployment rate fell to record lows and per capita disposable income increased, providing consumers will more money to eat away from home. Although the industry experienced increased competition from the broader food service sector, burger restaurants still represent the largest segment of the market, especially among limited-service restaurants. The decline in industry growth during the period primarily stems from the surge in food service establishments outside of the Burger Restaurants industry. As consumers become more health-conscious and expand their palate to include a wide variety of ethnic and fusion foods, burger restaurants have struggled to maintain their dominance in the domestic food service sector. The industry is forecast to continue growing over the five years to 2023, albeit at a slower pace than the previous five-year period. As operators implement menu changes and expand their product variety they will be able to prevent further impact from the changing consumer trends and growing competition.

The industry comprises chain, independent and franchised restaurants that primarily sell burgers but may also sell alcoholic and other beverages. Burger restaurant formats range from fast food to full-service.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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