Messy eaters: Rising health consciousness will hurt industry revenue

The Buffet Restaurants industry has declined over the five years to 2018. Except for an increase of 2.3% in revenue in 2015, the industry has declined each year during the five-year period. While industry revenue has been negatively affected by increasing external competition, increasing health consciousness and growing consumer preferences for more high-end dining have presented lasting threats to the industry. Rising health consciousness and changing consumer preferences are anticipated to continue to reduce demand for the Buffet Restaurants industry over the five years to 2023. 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
Revenue
$7bn
Annual Growth 13-18
-1.1%
Forecast Growth 18-23
Profit
Employment
106,001
Businesses
5,919

Industry Threats & Opportunities

  • Rising health consciousness is anticipated to continue reducing industry demand
  • Buffet restaurants continue to be popular with older generations
  • The industry is expected to remain popular in regions such as the Southeast and Southwest
  • Industry Report - Industry Key Buyers Chapter

    The Buffet Restaurants industry has a medium level of market share concentration. In 2018, the four largest industry players are only estimated to account for 34.3% of total revenue. The industry comprises a vast array of chain and franchised restaurants that provide different cuisines and menu items. Furthermore, consumer preferences change significantly based on regional locations and, therefore, it is less likely for operators to have a total national presence. A multitude of different restaurants exist in the United States and buffet restaurants include small businesses with two or three locations in a region or stores with more than 100 businesses across the nation, with a focus in certain areas. Additionally, according to the US Census, an estimated 73.9% o...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 varied menu 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
  • Self-serve varied menu sales
  • Other self-serve food sales
  • Table service buffet sales
  • Self-serve Italian-American food sales
  • Beverage sales
  • Take-out food and beverage sales
  • Chart: Buffet Restaurants Industry Products and Services Segmentation

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

  • Major Markets
  • Consumers aged 45 to 54
  • Consumers aged 35 to 44
  • Consumers aged 55 to 64
  • Consumers aged 65 and over
  • Consumers aged 25 to 34
  • Consumers aged under 25
  • 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
    ProfitPurchasesWagesOther 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 Inc.,
  • Table: Golden Corral - financial performance
  • Table: Ovation Brands Inc. - 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
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Healthy eating index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Buffet Restaurants industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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