$166.1bn
$X.Xbn
2m
84,486
$XX.Xbn
Over the past five years, burger restaurants have ridden a wave of success as consumers have been enjoying a rise in disposable income, feeding an increasing trend for dining out. Despite a highly competitive food service market, burger restaurants are the leading segment, particularly within the limited-service restaurant realm. However, the global COVID-19 pandemic has taken a slight bite from burger demand. Demand was somewhat mitigated by a strong appetite for takeout food during lockdowns. With the easing of restrictions in 2021, industry revenue bounced back, resulting in an overall growth estimated at a CAGR of 2.8% to $166.1 billion over the five years to 2024, including a 2.0% growth in 2024 alone.
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $166.1bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Mcdonald’s Corporation | 2,836.0 | 429.0 | 15.1 | |
Burger King Corp | 24.5 | 13.0 | 53.1 |
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Industry revenue is measured across several distinct product and services lines, including Take-out food service, Drive-thru food service and On-premise food service. Take-out food service is the largest segment of the Burger Restaurants in the US.
The most popular food service provided is on-premise food services
The industry comprises chain, independent and franchised restaurants that primarily sell burgers but may also sell alcoholic and other beverages. Burger restaurant formats range from fast food to full-service.
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NAICS 72251 - Burger Restaurants in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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The industry's immensely competitive and saturated environment prohibits any one company from dominating. Burger restaurants associated with huge incumbent brands, like McDon...
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Burger Restaurants in the US industry in United States is $166.1bn in 2024.
There are 84,486 businesses in the Burger Restaurants in the US industry in United States, which has grown at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Burger Restaurants in the US industry in United States has been growing at a CAGR of 2.8 % between 2019 and 2024.
Over the next five years, the Burger Restaurants in the US industry in United States is expected to decline.
The biggest companies operating in the Burger Restaurants market in United States are Mcdonald’s Corporation and Burger King Corp
Operating quick-service burger restaurants and Operating sit-down burger restaurants are part of the Burger Restaurants in the US industry.
The company holding the most market share in United States is Mcdonald’s Corporation.
The level of competition is high and steady in the Burger Restaurants in the US industry in United States.