Bon appetite: Rising per capita disposable income and consumer spending will boost industry revenue

The Italian Restaurants industry is a mature one, providing widely accepted cuisines to downstream consumers. Revenue growth is primarily determined by demand from households, which is ultimately driven by consumer spending and preferences. In turn, the industry has bounced back over the past five years as the improving economy and rising consumer spending have led to consistent growth in consumer spending on restaurants. Revenue is projected to continue expanding during the next five years, due in part to rising per capita disposable income and, subsequently, higher levels of consumer spending...read more.

Industry Statistics & Market Size
Revenue
$76bn
Annual Growth 12-17
3.4%
Forecast Growth 17-22
Profit
Employment
1.3m
Businesses
91,934
What Our Customers Say

Industry Threats & Opportunities

  • Revenue is projected to expand, due in part to rising per capita disposable income
  • Due to a greater degree of consolidation, the industry has undergone a slight contraction
  • Italian restaurants shift to market products that are targeted at fine-dining customers
  • Industry Report - Starting a New Business Chapter

    The Italian Restaurants industry has a moderate level of barriers to entry. Due to high startup costs for smaller operators, these costs may be prohibitive for companies lacking the capital for a building, food and staff. Additionally, industry regulations can pose a small barrier to entry since potential operators must comply with health and safety laws, food-service licensing requirements, liquor licensing requirements and employee payments and benefits laws; however, may not be insurmountable obstacles for entrants.Conversely, franchise operations enable for lower barriers to entry than starting an Italian restaurant from the ground up. Companies wishing to enter the industry can do so by opening a franchise under one of the major companies' brands. Fra...purchase to read more.

    Additional Insights for the Italian Restaurants Industry

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

  • Ability to quickly adopt new technology
  • Proximity to key markets
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Consumer Confidence Index in the Italian Restaurants industry impact industry performance..

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    What is the Italian Restaurants Industry?

    The industry includes chain and franchised restaurants that mainly provide Italian-style food, and pizza, to patrons. Restaurants may provide this food service in combination with selling alcoholic and other beverages. This industry does not include restaurants that sell a small portion of Italian food as part of a wider cuisine.

    Industry Products
  • Pizza restaurants
  • Quick-service Italian restaurants
  • Full-service Italian restaurants
  • Other Italian restaurants
  • Industry Activities
  • Chain full-service restaurant operation (directly owned and operated by owners)
  • Franchised full-service restaurant operation (under franchise agreements with franchisers)
  • Full-service restaurant operation (waiter or waitress service at tables)
  • Operating quick-service restaurants
  • 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
  • Consumer Confidence Index
  • Healthy eating index
  • Households earning more than $100,000
  • External competition

  • Current Performance
  • Menu developments
  • Other industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Health concerns
  • Profitability
  • Table: Italian Restaurants Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fruit & Vegetable Wholesaling
  • Meat, Beef & Poultry Processing
  • Soft Drink, Baked Goods & Other Grocery Wholesaling

  • Products & Services
  • Pizza restaurants
  • Quick-service Italian restaurants
  • Full-service Italian restaurants
  • Other Italian restaurants
  • Chart: Italian Restaurants Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 32 to 51
  • Consumers aged 18 to 31
  • Consumers aged 62 and older
  • Consumers aged 52 to 61
  • Chart: Major Market Segmentation for the Italian Restaurants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, marketing, rent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Italian Restaurants

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Italian Restaurants Industry

  • Industry Globalization
    Yum! Brands Inc. Domino's IncDarden Restaurants Inc.Little Caesar Enterprises Inc.
  • Table: Yum! Brands Inc. - financial performance
  • Table: Domino's Inc - financial performance
  • Table: Darden Restaurants Inc. - financial performance
  • Table: Little Caesar Enterprises Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Italian 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 Italian Restaurants Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chain Restaurants
  • Restaurants owned and directly operated by a single company.
  • Food And Drug Administration (Fda)
  • A federal agency responsible for protecting public health through regulation and oversight of food and other consumable products.
  • Quick-Service Restaurant
  • A restaurant that offers either carryout or delivery services as opposed to sit-down service.
  • Why buy this report?

    IBISWorld’s Italian Restaurants Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Italian Restaurants industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

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

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