Fullservice and Fast-Food Restaurants

Part
01
of two
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
of two
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