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Global Industry Analysts: Expect rapid worldwide industry growth
September 9, 2008
SAN JOSE, Calif. — Global Industry Analysts Inc. has announced the release of a report titled "Restaurants: A Global Outlook."
The report provides a collection of statistical anecdotes, market briefs and summaries of research findings. It also offers a quick primer and update on the trends and outlook for the restaurant industry, and enumerates recent mergers and acquisitions. Additionally, the report offers a discussion on key regional markets including the United States, Japan, United Kingdom and China.
Rising income levels, particularly among younger consumers, is a major factor influencing growth in the restaurants industry. Growing health consciousness among consumers also is a major factor contributing to the rising demand for healthy and organic food in restaurants.
In the quick-serverestaurants market, restaurant chains have ventured into emerging markets such as Asia-Pacific, Eastern Europe, Middle East and Africa despite high costs involved in their establishment.Sales from the QSR segment are expected to grow rapidly, driven by enhanced consumer demand for convenience and value. Growth in the international and domestic travel and tourism sectors also are expected to promote sales in the limited service segment. However, the sector faces challenges in the form of increased competition from convenience and grocery stores, and rising operational costs.
Click here for more information about this report.
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