According to a market report by Lucintel, the future of the global full food service restaurant market looks promising with opportunities in the standalone, retail, travel, leisure, and hotel markets. The global full food service restaurant market is expected to reach an estimated $1.57 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are increasing use of modern technology to boost operational effectiveness and improve the dining experience, rising consumer demand for fresh meals, and growing preference for ingredients and goods by restaurants that are produced locally.

In this market, casual dining restaurant and fine dining restaurant are the two major segments of global full food service restaurant market by service. Lucintel forecasts that casual dining restaurant segment is expected to witness a higher growth over the forecast period due to increasing demand for pleasurable dining experiences at reasonable menu prices.
Within this market, independent consumer food service and chained consumer foodservice are the two major segments of global full food service restaurant market by model type. Lucintel predict that chained consumer foodservice will remain the larger segment due to its strong brand recognition and reputation, broad accessibility, and established marketing and advertising techniques.

North America is expected to witness the highest growth over the forecast period due to the increasing number of restaurants offering nutritious and sustainable foods, rising number of millennial populations in Canada, and continuous expansion of the food and beverage sector in the region.

Applebee's Restaurants, Brinker International, TGI Fridays, Red Lobster Hospitality, IHOP Restaurants, Dogus Holding, and Olive Garden are the major suppliers in the global full food service restaurant market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]