Messy eaters: Rising health consciousness will hurt industry revenue

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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

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
  • Industry Report - Starting a New Business Chapter

    Barriers to enter the Buffet Restaurants industry are low. Industry operators face capital demands like any other business; however, may enter the industry through franchise agreements, which can ease the burden of starting up. Regulation does not provide a barrier; however, prospective players will need to be aware of food preparation laws to attain a license.Franchise agreementsEntry to the industry can also occur through signing a franchise agreement, which includes outfitting and equipment, as well as training and computer systems. Franchisors also provide food and beverages and some financial and accounting functions for a proportional share of revenue from their franchisees. Thi...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    Golden Corral, Ovation Brands,
  • Table: Golden Corral - financial performance
  • Table: Ovation Brands - financial performance

  • 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
    Table: Industry Data for the Buffet Restaurants Industry
  • 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
  • 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.
  • What Our Customers Say

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    • 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
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