The "World's 50 Best Restaurants" is an annual list that ranks the top dining establishments globally. Established in 2002, it is compiled by a panel of over 1,000 culinary experts, including chefs, food critics, and restaurateurs. The list aims to celebrate culinary excellence and innovation in the restaurant industry. Each year, the awards ceremony is held in a different city, showcasing diverse culinary cultures. The rankings are based on votes from the panel, which considers factors like food quality, creativity, and overall dining experience. Notable past winners include Noma in Copenhagen and Osteria Francescana in Modena.