Research - JUNE 29, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Americans eating out more

by Andrea Waitrovich

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

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy