United States Restaurants Market Analysis by Renub Research

Dining out and eating in restaurants has become an essential part of the American people’s lifestyle. According to the Bureau of Labor Statistics survey in 2018, families with an annual income of at least US$ 70,000 were accountable for 63 percent of total restaurant spending. In the United States, people with higher household’s income have risen steadily over the years and has also contributed partially for the rise of restaurant industry sales. According to Renub Research report, United States Restaurant Market will be US$ 1,064 Million by 2026.

COVID Impact on Restaurant Industry of the United States

Due to COVID-19 pandemic, the government had to close the restaurants to stop the spread of disease. This had a cascading effect on the restaurant sector of the United States. It led to staff layoffs, a sharp decline in income for QSR chains and closure of many independent restaurants. However, according to our research, we feel that the worst is behind us and in the second half of the 2020 restaurant industry will revive. Once the vaccine will come into the market in October to November than USA restaurant industry will grow at a much faster rate in 2021.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Travel & Tourism, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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Renub Research
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