# Fullservice and Fast-Food Restaurants

Part
01
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Part
01

## Fast-Food Restaurants Future Growth

The quick-service segment of the restaurant industry in the United States, also known as the fast-food segment, is expected to increase from \$252.09 billion in 2020 to reach \$328.41 billion by 2030. Between 2017 and 2019, sales had grown at a compound annual growth rate (CAGR) of 2.68%.

### Quick-Service Restaurant Sales: Growth Rate

• Growing at a growth rate of 3.2%, quick-service restaurant sales increased from \$239.1 billion in 2018 to reach \$246.7 billion in 2019.
• In 2017, sales in quick-service restaurants accounted for \$234 billion.
• CAGR calculation: Using this CAGR calculator, the CAGR between 2017 and 2019 was calculated by putting these entries: Ending value:
• Beginning value: 2017 market size = 234,000,000,000
• Ending value: 2019 market size = 246,700,000,000
• Number of years from 2017 to 2019: 2 years
• Based on these figures, the calculator states that the CAGR between 2017 and 2019 is 2.68%

### Quick-Service Restaurant Projected Sales

• Between 2009 and 2017, "the industry has grown at a steady pace." Given this fact, we assumed that sales are growing at the same CAGR (2.68%) between 2020 and 2030.
• Using this reverse CAGR calculator, the projected market size for 2020 was calculated by putting these entries:
• Starting value is 239,100,000,000 (2018)
• CAGR is 2.68%
• Number of periods is 2 (years). The number of years is calculated by subtracting 2020 from 2018.
• Based on these figures, the calculator states that the 2020 sales would be around \$252,090,000,000 or \$252.09 billion.
• Using the same calculation, we calculated in the attached spreadsheet the projected sales over the next 10 years:
• 2021: \$260.10 billion
• 2022: \$265.78 billion
• 2023: \$274.23 billion
• 2024: \$280.22 billion
• 2025: \$289.13 billion
• 2026: \$295.44 billion
• 2027: \$304.84 billion
• 2028: \$311.49 billion
• 2029: \$321.4 billion
• 2030: \$328.41 billion
Part
02
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Part
02

## Full-service Restaurants Future Growth

The full-service segment of the restaurant industry in the United States is expected to increase from \$298.08 billion in 2020 to reach \$447.62 billion by 2030. Between 2017 and 2019, sales had grown at a compound annual growth rate (CAGR) of 4.15%.

### Full-Service Restaurant Sales: Growth Rate

• Growing at a growth rate of 3.8%, full-service restaurant sales increased from \$274.8 billion in 2018 to reach \$285.3 billion in 2019.
• In 2017, sales in full-service restaurants accounted for \$263 billion.
• CAGR calculation: Using this CAGR calculator, the CAGR between 2017 and 2019 was calculated by putting these entries: Ending value:
• Beginning value: 2017 market size = 263,000,000,000
• Ending value: 2019 market size = 285,300,000,000
• Number of years from 2017 to 2019: 2 years
• Based on these figures, the calculator states that the CAGR between 2017 and 2019 is 4.15%

### Full-Service Restaurant Projected Sales

• Between 2009 and 2017, "the industry has grown at a steady pace." Given this fact, we assumed that sales are growing at the same CAGR (4.15%) between 2020 and 2030.
• Using this reverse CAGR calculator, the projected market size for 2020 was calculated by putting these entries:
• Starting value is 274,800,000,000 (2018)
• CAGR is 4.15%
• Number of periods is 2 (years). The number of years is calculated by subtracting 2020 from 2018.
• Based on these figures, the calculator states that the 2020 sales would be around \$298,080,000,000 or \$298.08 billion.
• Using the same calculation, we calculated in the attached spreadsheet the projected sales over the next 10 years:
• 2021: \$309.47 billion
• 2022: \$323.33 billion
• 2023: \$335.69 billion
• 2024: \$350.72 billion
• 2025: \$364.13 billion
• 2026: \$380.43 billion
• 2027: \$394.98 billion
• 2028: \$412.66 billion
• 2029: \$428.44 billion
• 2030: \$447.62 billion
Sources
Sources