$33.4bn
$X.Xbn
372k
16,434
$X.Xbn
Renowned for its vibrant flavors and healthful attributes, Mediterranean cuisine centers around fresh fruits, vegetables, whole grains, olive oil, and lean proteins like fish and legumes. Mediterranean restaurants experienced volatility in the last few years because of domestic and global economic changes. When the pandemic hit, many restaurant owners were forced to curtail dine-in operations, contributing to a massive dip in revenue in 2020, though an uptick in take-away order sustained many establishments during this time. Recovery was swift, once the government lifted stay-at-home orders, leaving consumers eager to eat out again. Rising consumer spending throughout the last few years has been a driver behind a rise in consumer expenditures on dining out. Demand for Mediterranean cuisine has grown, with the impact of the pandemic on revenue growth being relatively brief. Revenue grew at a CAGR of 3.0% to $33.4 billion over the last five years, including a rise of 0.2% in 2024.
Industry revenue has grown at a CAGR of 3.0 % over the past five years, to reach an estimated $33.4bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Mediterranean Restaurants in the US industry for IBISWorld to include in this product.
Mediterranean Restaurants in the US
Industry revenue is measured across several distinct product and services lines, including Full-service, Takeout and delivery and Fast casual dining. Full-service is the largest segment of the Mediterranean Restaurants in the US.
Full-service dining has had a resurgence
Operators in this industry primarily sell Mediterranean food and beverages for restaurant dining or takeout.
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NAICS 722511 - Mediterranean Restaurants in the US
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Over the five years to 2024, Mediterranean Restaurants industry revenue has benefited from increased consumer spending and disposable income. Thanks to its affordability and ...
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Full-service dining in Mediterranean restaurants has experienced a resurgence, emphasizing personalized service, attention to detail, and authentic cooking methods. These est...
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High initial capital investment in quality ingredients and skilled staff, coupled with intense competition in the food service market, make entry difficult for Mediterranean. ...
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Private assistance for Mediterranean restaurants includes grants or loans from culinary organizations or foundations aiming to support small businesses in the food sector. Pu...
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Profit margins in the Mediterranean restaurant industry have decreased from 5.1% to 4.7%, emphasizing the importance of managing operational costs while maintaining quality. ...
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 Mediterranean Restaurants in the US industry in United States is $33.4bn in 2024.
There are 16,434 businesses in the Mediterranean Restaurants in the US industry in United States, which has declined at a CAGR of 0.9 % between 2019 and 2024.
The market size of the Mediterranean Restaurants in the US industry in United States has been growing at a CAGR of 3.0 % between 2019 and 2024.
Over the next five years, the Mediterranean Restaurants in the US industry in United States is expected to grow.
Managing full-service restaurants and Managing limited-service restaurants are part of the Mediterranean Restaurants in the US industry.
The level of competition is moderate and increasing in the Mediterranean Restaurants in the US industry in United States.