Category: Restaurants
Restaurants market research reports by Euromonitor International
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Consumer Foodservice in China
Consumer Foodservice in China In 2023, consumer foodservice in China saw a robust recovery in terms of value sales and transaction volumes, benefiting from the relatively low base of 2022, when consumer foodservice outlets were severely negatively impacted by prolonged periods of lockdown due to COV ... Read More
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Cafés/Bars in China
Cafés/Bars in China In 2022, due to the resurgence of COVID-19 and the implementation of lockdowns, offline businesses were severely impacted, leading to a significant reduction in traffic and a high-single-digit decline in retail value sales of cafés/bars. Nonetheless, specialist coffee and tea sho ... Read More
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Consumer Foodservice By Location in China
Consumer Foodservice By Location in China In the context of foodservice by location in 2023, there was a noticeable increase in the proportion of dining within retail, travel, leisure, and lodging locations compared with 2022. The primary reason for this shift was the impact of COVID-related lockdow ... Read More
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Consumer Foodservice in South Korea
Consumer Foodservice in South Korea Despite optimistic expectations of rapid recovery in consumer consumption following the COVID-19 pandemic, transaction growth in overall consumer foodservice in South Korea experienced a slowdown in 2023, exacerbated by prolonged inflation. The current circumstanc ... Read More
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Self-Service Cafeterias in South Korea
Self-Service Cafeterias in South Korea In 2022 and 2023, independent self-service cafeterias demonstrated double-digit growth in retail value sales. The primary driver behind this success was the popularity of local Korean cuisine buffets, which provide a rich variety of options, and offer a relativ ... Read More
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Consumer Foodservice By Location in South Korea
Consumer Foodservice By Location in South Korea In 2023, the significant growth in sales of drive-through outlets was noteworthy. This method of fulfilment showed a triple-digit growth rate during COVID-19 in 2020, and still sustained double-digit current value growth in 2023. From a corporate persp ... Read More
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Full-Service Restaurants in South Korea
Full-Service Restaurants in South Korea Traditional buffet-style family restaurants faced significant losses during COVID-19, due to concerns about close contact with many people. In particular, chained Korean buffet brands such as Season’s Table, which were popular amongst health-conscious, middle- ... Read More
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Limited-Service Restaurants in South Korea
Limited-Service Restaurants in South Korea In alignment with the trends observed in 2022, the majority of limited-service restaurants (LSRs) witnessed a surge in menu prices during 2023, which was attributed to the repercussions of escalating raw materials costs and labour expenses. In 2023, operato ... Read More
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Cafés/Bars in South Korea
Cafés/Bars in South Korea Specialist coffee and tea shops is a mature category in South Korea, but continued to show dynamic growth in 2023. Previously, players in specialist coffee shops changed high unit prices, but advances in coffee machines led to standardisation of taste, promoted operational ... Read More
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Full-Service Restaurants in South Africa
Full-Service Restaurants in South Africa Rising interest rates and high inflation have impacted the development of larger format consumer foodservice establishments due to the greater costs involved. Thus, there is a focus on smaller format outlets. Market saturation in urban areas has resulted in a ... Read More
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Cafés/Bars in South Africa
Cafés/Bars in South Africa With COVID-19 restrictions on foodservice outlet trading hours being enforced for a number of years in South Africa, the after effects are still being felt and there is a continued shift from evening to daytime dining. This trend is further entrenched by the lower cost of ... Read More
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Consumer Foodservice By Location in South Africa
Consumer Foodservice By Location in South Africa The pandemic and its subsequent restrictions imposed on travel had a significant impact on the entire tourism industry, including consumer foodservice through travel. This location recorded the most severe declines in 2020, as, whilst all locations we ... Read More
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Limited-Service Restaurants in South Africa
Limited-Service Restaurants in South Africa South Africa is struggling with the impact of high inflation and decreased disposable incomes, resulting in brands needing to be competitive to obtain their share of financially-restricted consumers’ budgets. Post-pandemic, eating out is considered a treat ... Read More
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Consumer Foodservice in South Africa
Consumer Foodservice in South Africa The trading environment in South Africa paints a bleak picture; post-pandemic recovery hindered by deteriorating local economic conditions, including erratic electricity supply, weak growth and high levels of inflation. South Africa’s food price inflation has com ... Read More
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Full-Service Restaurants in Australia
Full-Service Restaurants in Australia The pandemic and subsequent lockdowns resulted in many changes in consumer habits, the impacts of which are still being felt throughout the consumer foodservice industry. One of these changes has been the increase in the number of consumers dining out alone, rat ... Read More
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Consumer Foodservice By Location in Japan
Consumer Foodservice By Location in Japan In 2023, Japan relaxed its COVID-19 rules, which boosted the travel industry. These changes altered how people, both local and foreign visitors, viewed and approached travel, which aided recovery. In terms of local travel, COVID-19 became less of a threat as ... Read More
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Limited-Service Restaurants in Japan
Limited-Service Restaurants in Japan Limited-service restaurants continued to see a positive current value performance in 2023, mainly driven by unit price increases. Although some companies had already implemented price increases in 2022, it became inevitable that they would raise prices again in 2 ... Read More
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Consumer Foodservice By Location in Australia
Consumer Foodservice By Location in Australia The recent rises in inflation and the general cost of living are responsible for reducing how much time many consumers are spending at retail stores. Without high disposable incomes to spend, there is not much incentive for consumers to visit retail stor ... Read More
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Self-Service Cafeterias in Japan
Self-Service Cafeterias in Japan On 8 May 2023, the Japanese government announced that it would reclassify COVID-19 as a class 5 infectious disease, which is the same classification as seasonal flu. As a result, decisions regarding infection control were left to individuals and businesses as a gener ... Read More
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Full-Service Restaurants in Japan
Full-Service Restaurants in Japan After COVID-19 was downgraded to class 5 in May 2023, consumers felt more comfortable eating out. This contributed to a sales rebound for full-service restaurants, but challenges remained. Costs continued to rise, and players continued to find it difficult to contro ... Read More
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Limited-Service Restaurants in Australia
Limited-Service Restaurants in Australia The growing cost of living has been a major discussion point across all industries in Australia, as consumer spending has been significantly impacted due to constraints on discretionary income. As a result, limited-service restaurants struggled to maintain th ... Read More
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Consumer Foodservice in Australia
Consumer Foodservice in Australia The rapid growth of inflation and the general cost of living have been major obstacles for growth of consumer foodservice in Australia. Local consumers have been forced to limit their budgets because of the rising cost of essential goods and services. During such a ... Read More
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Cafés/Bars in Australia
Cafés/Bars in Australia The cost-of-living crisis has constrained how much consumers are able to spend on goods and services, with many of them forced to cut dining out from their budgets. This has been challenging for cafés in particular, as it has resulted in reduced transaction sizes from their u ... Read More
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Self-Service Cafeterias in Australia
Self-Service Cafeterias in Australia Ikea Restaurant remained the only chained self-service cafeteria operating in Australia in 2023, with 10 outlets throughout the country. With only 13 independent self-service cafeterias in operation in Australia, it is unsurprising to see Ikea Restaurant retain i ... Read More
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Cafés/Bars in Japan
Cafés/Bars in Japan In May 2023, the Japanese government downgraded the legal status of COVID-19 to class 5, which led to a rebound in footfall for consumer foodservice. Consumers returned to going out, and enjoyed dining out. In particular, bars/pubs, which suffered the most within cafés/bars durin ... Read More
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