Americans eating out more
Americans are now eating out more than ever before due to the growing trend of creating an experience and the foodie culture, according to Cushman & Wakefield’s Global Food & Beverages Report.
During 2016, the United States, Brazil, Venezuela, Canada and Colombia were the top five markets in terms of consumer spending on eating out, totaling $1.174 trillion, representing 36 percent of global spending on eating out.
Separately, the United States was the largest food and beverage market in the Americas as well as globally, with consumer spending on eating out reaching $729 billion during 2016. China followed in second and India ranked third.
The firm estimated the United States has averaged more than 24,000 new restaurants annually for the past six years.
The foodie culture has played a critical role in impacting consumer tastes and the significant increased growth in the food hall concept in the United States. Food hall is a combination