Order up: Restaurants expand their menus and global operations to boost demand

Increasing economic recovery will bring consumers back to Restaurants industry in New York. However, with people becoming more budget- and health-conscious, industry operators will be forced to change their menu offerings, expanding their menus to include healthier and more diverse food choices. Some businesses will also extend their global scope to take advantage of areas with low market saturation. These strategies will lead to moderate revenue growth in the coming years, but operators will continue to struggle in the intensely competitive market...read more.

Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
245,581
Businesses
29,031

Industry Threats & Opportunities

  • Fast-food chains will invest in ethnic and specialty markets to rebuild revenue
  • Fast-food retailers expanded their menus to include healthier options
  • People will be more likely to buy fast-food products over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The top four players in the Restaurants industry in New York are expected to account for 31.6% of available market share, giving this industry a low level of concentration. Given the diversity of food styles and operations, nearly 48.0% of establishments are small-business operators that have nine or fewer employees. An additional 55.0% of establishments have between 10 and 99 employees.Over time, the industry's concentration has decreased. As many of the older stalwarts lose ground to up-and-coming concepts, such as Chick-fil-A, as well as fast-casual concepts such as Shake Shack, sales have faltered for larger competitors. Over the past five years, there has been an increasing trend of the major chain operators selling their company-operated stores to focus on franchising. The...purchase to read more.

    Additional Insights for the Restaurants in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Restaurants in New York Industry are

  • Business expertise of operators
  • Having a clear market position
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in New York and Healthy eating index in the Restaurants in New York industry impact industry performance..

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    What's in this report

    What is the Restaurants in New York Industry?

    This industry comprises restaurants where patrons pay before eating. Purchases may be consumed on-site, taken out or delivered. Gross sales come from franchises and company-owned stores. Officially reported SEC company revenue (net revenue) refers to revenue obtained only from company-owned stores and franchise fees. Franchised stores’ gross sales revenue is not available to the franchisor. Net revenue is therefore always less than gross revenue.

    Industry Products
  • Burgers and Sandwiches
  • Asian
  • Chicken
  • Latin
  • Pizza and Pasta
  • Coffee and Doughnut
  • Industry Activities
  • Operating quick-service restaurants
  • Operating fast-food services
  • Operating drive-thru and take-out facilities
  • Operating ice cream, frozen yogurt and soft-serve shops
  • Operating donut and cookie shops
  • Operating bagel shops
  • Operating coffee shops
  • Operating juice and smoothie shops
  • Operating pretzel shops
  • Operating cupcake shops
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in New York
  • Healthy eating index
  • Consumer Confidence Index
  • Per capita coffee consumption

  • Current Performance
  • Improved consumer spending
  • Consumer trends drive new strategies
  • Wages and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • New ways to expand
  • Industry landscape
  • Table: Restaurants in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Restaurants in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling

  • Products & Services
  • Burgers and Sandwiches
  • Asian
  • Pizza and Pasta
  • Coffee and Doughnut
  • Latin
  • Chicken
  • Other
  • Chart: Restaurants in New York Industry Products and Services Segmentation

  • Major Markets
  • Highest quintile of incomes
  • Fourth quintile of incomes
  • Third quintile of incomes
  • Second quintile of incomes
  • Lowest quintile of incomes
  • Chart: Major Market Segmentation for the Restaurants in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Restaurants in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Restaurants in New York Industry

  • McDonald's Corp., Dunkin' Brands Inc., Starbucks Corporation, Yum! Brands Inc.,
  • Table: McDonald's Corp. - financial performance
  • Table: Dunkin' Brands Inc. - financial performance
  • Table: Starbucks Corporation - financial performance
  • Table: Yum! Brands Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Restaurants in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Restaurants in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomers
  • Consumers born between 1946 and 1964 who account for a major proportion of the population.
  • Gross Sales
  • Revenue from franchised and company-owned store sales.
  • Net Revenue
  • Revenue from company-owned stores and franchise fees, but not franchised stores' total sales.
  • Point Of Sale (Pos)
  • The location where a transaction occurs at a retail establishment or store.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Restaurants in New York Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Restaurants in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Restaurants in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Restaurants in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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