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It may seem like the era of casual dining is over, but one restaurant industry is still sizzling: steakhouses.

Despite challenges amid the COVID-19 pandemic, the steakhouse industry has seen steady growth since 2020.

Industry revenue for premium steak restaurants has climbed at a 5.4% compound annual growth rate over the past five years, reaching an estimated $8.3 billion in 2025, according to a U.S. market research report by IBISWorld.

GEN Z CUSTOMERS LEARN COSTLY LESSON AFTER RESTAURANT STEAKS LABELED 'MKT' ADD UP TO STARTLING BILL

There are now 4,263 premium steakhouses across the U.S., per the data, reflecting the strong national appetite for red meat.

Economists point to more consumer spending and an increase in h

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