CHD Expert Releases Information on the Asian Restaurant Industry Landscape, Pinpointing Statistics for This Increasingly Popular Menu Type
Chicago, IL (PRWEB) January 14, 2015 -- Asian flavors are taking hold in the US restaurant landscape, according to data from CHD Expert. The Chicago-based foodservice database and analytics firm finds that the broader, inclusive “Asian” Menu Type is the 3rd most popular menu type in the US, accounting for 9 percent of the national restaurant landscape. On an individual level, the “Chinese” Menu Type ranks as the 8th most popular in the US.
The Asian Menu Type is comprised of a variety of cuisines. These include Chinese, Japanese, Thai, Sushi, Indian / Pakistani / Bangladeshi / Sri Lankan, Vietnamese, Korean, Other Asian (Cambodia, Malaysia, Indonesia), and Asian Unclassified. For a breakdown, see Figure 1.
As of December 2014, there are more than 64,000 Asian restaurants in operation in the United States. In terms of popularity by state, Hawaii ranks first, with 20 percent of the state’s restaurant landscape being made up of Asian restaurants. For perspective, the total number of restaurants in Hawaii makes up less than 1 percent of the entire US restaurant landscape. California and Washington State round out the top three, with Asian restaurants comprising 15 percent of each state’s restaurant landscape.
The average Asian restaurant will bring in over $400,000 in revenue each year. CHD Expert finds that Asian restaurants on average spend approximately 33 percent or $8 billion of this revenue on purchasing food, beverages, and disposables each year. Thirty percent of that expenditure is dedicated to Protein Food Products.
Independent restaurants dominate the Asian restaurant market to the tune of approximately 94 percent. (For reference, CHD Expert classifies an independent restaurant as a restaurant brand that has less than 9 units in operation. Once a restaurant has more than 10 units in operation, it is classified as a chain). This leaves only six percent (or roughly 4,000) to be considered as chains. Panda Express, with 34 percent of the chain market, is the largest Asian Chain Restaurant in the United States. Noodles & Company, P.F. Chang’s China Bistro, Pei Wei Asian Diner, and The Flame Broiler round out the top five. See Figure 2.
Of the more than 64,000 Asian restaurants in the US, about 84 percent are Full Service Restaurants (FSR), while 15 percent are classified as Limited Service Restaurants (LSR). At LSRs, food is purchased at a counter and paid for before the food is served, while FSRs offer table service and operate with a wait staff. Only 8 percent of Asian restaurants are Fast Casual, and just 2 percent are considered Quick Service.
In terms of average check, 58 percent of consumers have an average check total within the $15-$20 range, and 14 percent have an average check total within the $7-$10 range, making Asian restaurants an affordable option for most people.
Overall, CHD Expert data shows that Asian flavors and cuisines have a growing impact on the restaurant landscape of the United States, whether they are being adapted to the American palate or launched as an entirely new concept. For example, Chipotle Mexican Grill has recently opened ShopHouse, a restaurant that serves customizable Southeast Asian-style rice bowls that use the fresh ingredients that Chipotle is known for. The restaurant has locations across the East and West Coasts. Additionally, Yum! Brands, the parent company of Taco Bell and Pizza Hut, is experimenting with a Vietnamese sandwich restaurant called Bánh Shop that offers up Saigon-style street food. The Bánh Shop concept is currently being tested in Dallas, TX in a stand alone store location and also at the Dallas/Fort Worth International Airport. As these examples demonstrate, Asian flavors are spreading successfully throughout the US.
Asian dishes are popular choices for American diners, particularly now as consumers are focusing on more healthy dining options. The fact that Asian cuisine is so easily customizable is a bonus that often leads to repeat customers.
“The American restaurant landscape is always evolving, and once-foreign foods are becoming more commonplace than ever before. Asian flavors are about as diverse as the restaurant landscape itself,” said Brad T. Bloom, Director of Sales at CHD Expert North America. “The Asian Menu Type is varied, and while that can be exciting, it can also be difficult to navigate. CHD Expert is committed to helping foodservice operators and professionals understand this expanding market, and find the many opportunities within it.”
For those who would like more information about the Asian Restaurant Landscape in the US, CHD Expert has created this complementary visual representation of the Asian Restaurant Industry.
Download the Asian Restaurant Industry Infographic.
Similarly, CHD Expert offers similar robust and comprehensive data reports for any menu type, and if you would like to request information for a different menu type, please contact Brad Bloom: brad(at)chd-expert.com
About CHD North America, LLC
CHD Expert is the worldwide leader in collecting, managing and analyzing data for the Away-from-Home Global Foodservice Market. For more than 10 years CHD Expert has been dedicated to support Foodservice channel members in providing a global vision and an in-depth understanding of the industry (in Europe, North America, and Asia Pacific).
Our objective is to support food service providers in their sales and marketing strategies by providing the most comprehensive and accurate foodservice census, housing operator intelligence for more than 5 million operators worldwide. For additional information, please visit http://www.chd-expert.com or call 1-888-243-0154.
Brandon Gerson, CHD Expert, http://www.chd-expert.com, +1 (702) 580 3493, [email protected]
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