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Buffet Restaurants: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Buffet Restaurants Market Research Report | NAICS OD4312 | Apr 2017

Messy eaters: Rising health consciousness will hurt industry revenue

IBISWorld’s Buffet Restaurants market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
-0.2%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
115,528
Businesses
5,836
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
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Industry Locations Chapter

The geographic distribution of buffet restaurants is closely linked to the concentration of the population in the United States. However, the Southeast, Southwest and Plains regions have disproportionately high establishments relative to the population, which is reflective of enthusiasm for buffet restaurants in these regions.

Southeast and Southwest

The Southeast comprises an estimated 35.0% of total establishments in 2017, which is significantly above the 25.4% of the US population based in the area. Similarly, the Southwest is estimated to account for 16.1% of all establishments, compared with 12.2% of the US population. Buffet is heavily immersed in American culture in the South and, therefore, the proportion of restaurants in this area exceeds more than 50.0% 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 salesSelf-serve Italian-American food salesSelf-serve seafood salesOther self-serve food salesTable service buffet salesBeverage salesTake-out food and beverage sales
     
    Industry Activities
    Self-serve American food salesSelf-serve Italian-American food salesSelf-serve seafood salesOther self-serve food salesTable service buffet salesBeverage salesTake-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
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Buffet Restaurants Industry
  • Industry Globalization
    Major Companies
    Golden Corral
    Ovation 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 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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