Positive Growth for the US Restaurant Industry in 2014
We at CHD Expert are happy to report positive news for the restaurant industry. There was a 2 percent positive net market change in the total number of operating US restaurant establishments in 2014, according to CHD Expert’s 2009 – 2014 Commercial Trends Data Report.
In 2014 there was a net gain of 14,648 operators nationwide, up from a 1.2 percent net market change in 2013, when a net of 8,906 operators opened nationwide.
After six years the market is back to the level it was at in 2009 and the overall US restaurant landscape is growing. The market change percent for states was generally positive, with openings and closings for restaurants and bars in the years 2009 through 2014 improving every year, with a steady incline since 2012.
The top three states with the largest increases in the market included Texas (9.2%), North Dakota (4.9%), and Florida (4.8%). See Figure 1 below for a full breakdown of the top ten growing states in 2014:
The majority of menu segments also experienced positive net changes last year, according to data from CHD Expert’s report. The US restaurant landscape was heavily impacted by America’s shift toward fresh food prepared to order and healthy eating. More Fast Casual establishments opened to meet these consumer demands.
The report showed that, as a whole, the US restaurant industry is showing positive change, as 58,081 new restaurants opened their doors in 2014, a 22 percent increase over 2013.
To access the 2009-2014 Commercial Trends Data Report in its entirety, please click here to purchase.
To download a sample of the report for the state of Colorado, please click here.
CHD Expert is an industry leader in collecting, managing, and analyzing foodservice data. We have all kinds of foodservice data available, including independent restaurant data, and our database features 40+ filters you can use to segment data.
For more information about the restaurant industry, please contact Brad Bloom: [email protected]
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