Overview

Messy eaters: Rising health consciousness will hurt industry revenue

IBISWorld’s Buffet Restaurants market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Rising health consciousness is anticipated to continue reducing industry demand
  • The industry retains a large base of loyal customers who regularly frequent buffets
  • The industry is expected to remain popular in regions such as the Southeast and Southwest

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    Industry Analysis & Industry Trends

    The Buffet Restaurants industry has declined over the past five years. Save for a positive 2015, the industry has continued to decline in subsequent years. While industry revenue has been negatively affected by increasing external competition, a more lasting threat to the industry has presented itself in the form of increasing health consciousness. Buffet-style restaurants tend to use lower-quality ingredients in the food they prepare in order to save costs and keep prices down. Rising health consciousness is anticipated to continue to reduce demand for the Buffet Restaurants industry over the five years to 2022. However, countervailing trends and industry innovations are forecast to stifle the intensity of the industry's decline in upcoming years...

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    Industry Report - Industry SWOT Analysis Chapter

    The Buffet Restaurants industry is in the decline stage of its life cycle. Industry value added (IVA), a measure of an industry's contribution of the overall economy, is expected to decline at an annualized rate of 0.9% over the 10 years to 2022. Comparatively, GDP is forecast to grow at an annualized rate of 2.0% during the same period. IVA growth slower than that of GDP, let alone negative IVA growth, typically signifies an industry in the decline stage of its life cycle.

    Buffet restaurants have long been popular with the US populace, and can be found across the United States. However, due to increasing health consciousness and changing consumer preferences, demand for buffet-style restaurants has begun a period of expected long-term decline. Exc..

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    Additional Insights for the Buffet Restaurants Industry

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

  • Access to multiskilled and flexible workforce
  • Ability to quickly adopt new technology
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Healthy eating index and Agricultural price index in the Buffet Restaurants industry impact industry performance..

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    Industry Products

    What is the Buffet Restaurants Industry?

    This industry comprises chain and franchised restaurants with buffet-style services where patrons pay, serve themselves and eat within the restaurant. These establishments may also sell alcoholic and other beverages. This industry does not include buffet-style food service contractors, which are included in IBISWorld reports 72231 and 72232.

    Industry Products
    Self-serve American food sales
    Self-serve Italian-American food sales
    Self-serve seafood sales
    Other self-serve food sales
    Table service buffet sales
    Beverage sales
    Take-out food and beverage sales
    Industry Activities
    Self-serve American food sales
    Self-serve Italian-American food sales
    Self-serve seafood sales
    Other self-serve food sales
    Table service buffet sales
    Beverage sales
    Take-out food and beverage sales

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Healthy eating index
  • Agricultural price index
  • Consumer spending
  • Number of adults aged 50 and older

  • Current Performance
  • Changing consumer preferences
  • Retention of loyal customers
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Beneficial external trends
  • Industry innovation
  • Profit
  • Table: Buffet Restaurants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Buffet Restaurants Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Confectionery Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling

  • Products & Services
  • Self-serve American food sales
  • Other self-serve food sales
  • Self-serve Italian-American food sales
  • Table service buffet sales
  • Beverage sales
  • Take-out food and beverage sales
  • Self-serve seafood sales
  • Chart: Buffet Restaurants Industry Products and Services Segmentation

  • Demand Determinants
  • Income and expenditure
  • Demographics
  • Health and lifestyle

  • Major Markets
  • Consumers aged 35 to 44
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • Consumers aged 25 to 34
  • Consumers aged 65 to 75
  • Consumers aged under 25
  • Consumers aged 75 and over
  • Chart: Major Market Segmentation for the Buffet Restaurants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Buffet Restaurants

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Buffet Restaurants Industry

  • Industry Globalization
    Major Companies
    Golden CorralOvation Brands
  • Table: Golden Corral - financial performance
  • Table: Ovation Brands - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Buffet Restaurants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Buffet Restaurants Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Healthy eating index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    All-You-Can-Eat
  • A type of buffet in which customers pay a fixed-fee and can then consume as much food as they would like in a given sitting. The most common form of buffet.
  • Self-Serve
  • Waiterless food service, in which customers serve themselves food from a buffet table.
  • Wireless Electronic Ordering System
  • A system that links front-of-house staff with the kitchen in order to more easily coordinate orders and refill buffet stations.
  • Why buy this report?

    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 Buffet Restaurants:
    • 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 Buffet Restaurants 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 Buffet Restaurants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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