Dining Out Market to Grow by USD 1.184 Trillion from 2025-2029, Driven by the Popularity of Chef-Driven Restaurant Franchises, with AI Redefining the Landscape - Technavio

NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The dining out market and it is set to grow by USD 1.184 trillion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of 10% during the forecast period, according to Technavio. The dining out market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  Brinker International Inc., Chick fil A Inc., Chipotle Mexican Grill Inc., Dominos Pizza Inc., Godfathers Pizza Inc., Inspire Brands Inc., ITC Ltd., Jack in the Box Inc., Jollibee Foods Corp., McDonald Corp., Noodles and Co., Oberoi Group, Potbelly Corp., Restaurant Brands International Inc., Shake Shack Inc., Starbucks Corp., The Subway Group, The Wendys Co., and YUM Brands Inc. Are some of the major market participants -. To know about the vendor offerings - Request a sample report

Dining Out Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The dining out market report covers the following areas:

• Dining Out Market Size
• Dining Out Market Trends
• Dining Out Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The dining out market is fragmented, and the degree of fragmentation will accelerate. The rise in popularity of chef-driven dining out restaurant franchises will offer immense growth opportunities. However, the Concerns regarding stock and inventory food wastage will hamper the market growth

Dining Out Market 2025-2029: Drivers & Challenges

Chef-driven dining out restaurants have gained significant popularity worldwide, with franchises led by professionally trained chefs and celebrity chefs becoming increasingly common. Chipotle Mexican Grill and its founder, Steve Ells, are often credited for spearheading this market trend. The rise of chef-driven dining out restaurants can also be attributed to the food-loving and tech-savvy Millennial generation. These restaurants offer high-quality, innovative menus at affordable prices, with a strong focus on kitchen efficiency and effective training for franchisees to replicate the chef-crafted dishes. The growing preference for taste and health-conscious options among Millennials further fuels the demand for these establishments.

The dining out market faces substantial challenges with stock and inventory management, affecting profitability, sustainability, and operational efficiency. Overordering or incorrect forecasting of demand can result in excess inventory, leading to spoilage and wastage. Factors such as customer traffic fluctuations, seasonal variations, and menu changes complicate inventory management, making it difficult for restaurants to accurately predict demand and adjust purchases accordingly. To mitigate these issues, restaurants must meticulously manage their inventory to maintain optimal levels and minimize wastage.

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This dining out market report extensively covers market segmentation by  

• Type
• Restaurants
• Drinking Establishments
• Product
• North American
• Italian
• Mexican
• Others
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

1.1 Restaurants-  The global dining out market comprises various restaurant segments catering to diverse tastes and budgets. Fine dining establishments offer luxurious experiences with gourmet food, elegant ambiance, and superior service, ideal for special occasions and discerning diners. Casual dining chains provide a relaxed atmosphere and affordable prices, attracting families and groups for casual meals. Fast-casual restaurants offer convenience and quality with customizable menus and quick service. Fast-food giants dominate with standardized offerings, efficient service, and widespread accessibility. Specialty restaurants cater to niche cuisines and unique experiences. Technology plays a pivotal role in the dining out market, with vendors collaborating with tech giants to enhance operational efficiency and customer satisfaction. For instance, McDonald's and Accenture's expanded partnership aims to implement advanced technology and AI solutions across McDonald's restaurants globally, improving operations and elevating the customer and crew experience. Marketing is crucial in the dining out market, with vendors utilizing social media platforms like Facebook, Instagram, and Google for campaigns and engagement. Consumer-generated content, such as tags and reviews, significantly influences potential customers. These marketing strategies contribute to attracting a larger customer base and driving growth in the restaurants segment of the global dining out market.

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Dining Out Market 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist dining out market growth during the next five years
• Estimation of the dining out market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the dining out market across APAC, North America, Europe, South America, and Middle East and Africa
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of dining out market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio