Fast Casual Restaurant Market Competitive Overview, Growth Opportunities, Analysis by Top Key Players and Forecast by 2027

Fast Casual Restaurant Market by Food Type, Mode of Operation, and Nature: Global Opportunity Analysis and Industry Forecast, 2021–2027.

The report focuses on the fast casual restaurant market growth prospects, restraints, and opportunities of the global market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the fast casual restaurant market.

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The global fast casual restaurant market size was $125.6 billion in 2019, and is projected reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027.

The concept of fast casual restaurants came into existence in the late 90’s, however it gained much of the traction in 2009. The fast casual restaurants prepare fresh food rather than assembling them as in the case of fast food restaurant. High quality ingredients, locally sourced, fresh, and organic are the some of the many characteristics of the fast food restaurants. Furthermore, the prices of fast casual restaurants are higher than that of fast food restaurants but considerably lower than that for fine dining.

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The adoption of advanced technologies such scheduling software, digital inventory tracking, automated purchasing tools, and digital reservation table manager supplements the fast casual restaurant growth of the market.”

The fast casual restaurant market is segmented into food type, mode of operation, nature and region. By food type, the fast casual restaurant market is classified into burger/sandwich, pizza/pasta, Asian/Latin American Food, chicken, and others. By mode of operation, it is bifurcated into dine in and takeaway. By nature, the market is divided into franchised and standalone. By region, the fast casual restaurant market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Some of the key players analyzed in fast casual restaurant market analysis includes Chipotle Mexican Grill, Erbert & Gerbert’s Sandwich Shop, Panda Restaurant Group, EXKi SA, Zaxby's corporate, Five Guys Holdings, Inc. (Five guys burger and fries), Roark Capital Group (Wingstop), Tortilla Mexican Grill, Firehouse Subs, and Famous Brands (Gourmet Burger Kitchen).

Key Findings Of The Study

By region, North America dominates in terms of fast casual restaurant market share and is expected to retain its dominance during the forecast period.

By food type, the Burger/Sandwich segment led in terms of market share, in 2019; however, Pizza/Pasta segment is expected to gain market share in the upcoming years

By mode of operation, the dine-in segment accounted for about two-third share of the fast casual restaurant market in 2019; however, the takeaway segment is poised to grow at highest CAGR during the forecast period.

By nature, the standalone segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 12.5% during the fast casual restaurant market forecast period.

By region, Asia-Pacific is anticipated to grow with robust CAGR of 13.7% during the forecast period.

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