Value Line Research Department Restaurant companies are essentially retailers of prepared foods, and their operating performance is influenced by many of the same factors that affect traditional retail stores. For the most part, restaurants have business models that are relatively easy to understand, and the array on the Value Line page is the same as that of a standard industrial company. Nonetheless, there are a number of unique factors to consider when making investment decisions regarding this large and segmented industry.
Restaurant types include self-service, assisted service, service at table, takeaways and home deliveries. The industry also includes catering services, for example for companies, institutions and events.
China has the largest food services market in the world with sales projected to grow at a CAGR of 9. Compass Group is a U. It offers food and supporting services across 50 countries, employing aroundpeople according to the company. It serves over 4 billion meals annually in healthcare facilities, retirement homes, education centers, sports facilities, and other organizations.
It is a self-service restaurant chain which primarily sells burgers made from beef, chicken, fish or vegetablesfries, soft drinks and ice creams.
In recent years the company has responded to the trend towards healthy eating by introducing salads and wraps. Asia Pacific and Latin America are forecast to be the key drivers of this growth. Digital Technology is a Key Communication Tool Digital technology is allowing food services companies to communicate with and understand their customers.
Companies use a range of social media sites, such as Facebook and Twitter, to communicate with customers. Search engine optimization is important as more people search online for food options, particularly through mobile devices.
Restaurants should encourage customers to post photos, events, customer polls and recommendations to increase customer engagement.
In addition, mobile applications which make customers aware of the restaurants in the area where they are located will help them to attract more traffic. Restaurants should use digital technology to cut service times for customers. Moreover, in-store tabletop tablet computers and menu boards enhance brand value.
Healthier and More Varied Food Choices Required Consumer preferences have shifted towards healthier and higher-quality cuisines. For example, the rapid growth of alternatives to dairy products such as soy milk, almond milk and frozen yoghurt reflect this trend.
The main industry players modify their menus to accommodate different customer preferences. Food service companies need to be strongly aware of these trends in developing their menus.
To gain greater market share in emerging markets such as China, international food services companies should consider entering strategic deals. International firms can also make small acquisitions in new markets to enhance their local expertise and product portfolios.
Domestic firms can enter into defensive mergers to acquire greater market share in their home country. Leading Restaurant Industry Associations.Companies in the Restaurants industry operate restaurants and other eating places, including full-service restaurants (FSRs), quick-service restaurants (QSRs), cafeterias and buffets, and snack bars.
Industry Overview. HOME > COMPANY INFORMATION > INDUSTRY ANALYSIS > INDUSTRY PROFILE. See Companies in the Restaurants Industry.
Restaurant Management Software Market major factors expected to drive growth of the global market are technological advancements in restaurant industry and increasing need for restaurant-specific software, North America dominates the target market in terms of revenue over the forecast period.
Latest news for the restaurant industry, including food services and related jobs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
analysis support for this project. Abstract: The quick service (aka, fast food) restaurant industry is significant and growing aspect of the overall restaurant industry.
For long-term success quick service restaurants must be perceived as offering sufficient value for consumers. To do this, restaurants must first determine what consumers. Find Restaurants Market Research Reports and industry analysis for market segmentation data, market growth and new business opp.
The US fast-food and quick-service restaurant industry includes about , restaurant locations with combined annual revenue of about $ billion. Full-service restaurants and specialty eateries such as coffee shops are covered in separate industry profiles.