Global Full-Service Restaurants Market to Reach $1.8 Trillion by 2030
The global market for Full-Service Restaurants estimated at US$1.5 Trillion in the year 2023, is expected to reach US$1.8 Trillion by 2030, growing at a CAGR of 2.7% over the period 2023-2030. Casual Dining Restaurants, one of the segments analyzed in the report, is expected to record 3% CAGR and reach US$1.1 Trillion by the end of the analysis period. Growth in the Fine Dining Restaurants segment is estimated at 2.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $412.1 Billion, While China is Forecast to Grow at 4.3% CAGR
The Full-Service Restaurants market in the U.S. is estimated at US$412.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$353.9 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 2.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
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