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Restaurant Industry Projected To Hit $1.2 Trillion In Sales By 2030

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The National Restaurant Industry released a comprehensive new report projecting what the industry will look like by 2030, predicting even more change and competition.

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Convenience-driven technologies, labor challenges, sustainable food practices, a swiftly changing consumer set, intensifying competition, name it. All of these factors have affected the $833 billion restaurant in the past couple of years unlike any other time in the industry’s history. The National Restaurant Association put together a team of prognosticators to ambitiously ask that very question for its “Restaurant Industry 2030 Report.

for the emergence of a new business model for certain restaurateurs. “The basic paradigm of what constitutes a restaurant in America today is changing,” he said. These changes will continue–and accelerate–throughout the next 10 years, driven by the continued growth in off-premise business. We’re starting to see glimpses of this through delivery-only ghost kitchens, food halls and takeout-only models.

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I want to do this business but lacking enough capital

The failure rate for restaurants is like 90%+

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