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Fast Food and Quick Service Restaurant Market Size, Growth Analysis and Forecast By 2027

03-22-2023 06:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Fast Food and Quick Service Restaurant Market

Fast Food and Quick Service Restaurant Market

The latest report by IMARC Group, titled "๐…๐š๐ฌ๐ญ ๐…๐จ๐จ๐ ๐š๐ง๐ ๐๐ฎ๐ข๐œ๐ค ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐‘๐ž๐ฌ๐ญ๐š๐ฎ๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•", the global fast food and quick service restaurant market reached a value of US$ 232.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 308 Billion by 2027, exhibiting at a CAGR of 4.9% during 2022-2027.

A fast food and quick service restaurant (QSR) refers to casual dining setups in which pre-prepared fast foods are assembled and served to the customers. They usually provide a limited menu, and the food items are prepared in advance in bulk quantities, which are further heated and packaged for dine-in and takeaway. Fast food and quick service restaurant models offer an extensive variety of economical foods and beverages inspired by local ingredients and cuisine. They prove to be extremely convenient for individuals with busy schedules who don't have time to cook. Consequently, fast food and quick service restaurant solutions are in widespread demand among consumers across the globe.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/fast-food-quick-service-restaurant-market/requestsample

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

๐…๐š๐ฌ๐ญ ๐…๐จ๐จ๐ ๐š๐ง๐ ๐๐ฎ๐ข๐œ๐ค ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐‘๐ž๐ฌ๐ญ๐š๐ฎ๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The expanding food and beverage (F&B) industry and the escalating adoption of franchise business models by popular restaurant chains are among the key factors driving the fast food and quick service restaurant market. In addition to this, the shifting preferences toward on-the-go food, on account of the growing working population that has hectic schedules, are also positively influencing the global market. Apart from this, the emerging trend of cafรฉ culture and the increasing availability of healthier fast-food alternatives are acting as significant growth-inducing factors. Moreover, the development of innovative and exotic recipes utilizing organic, natural, and plant-based ingredients instead of artificial and processed substitutes by several QSRs is further stimulating the market growth. Besides this, the rising digitization and modernization of the restaurants, such as the rapid utilization of touchscreen kiosks, kitchen-display screens, digital sales terminals, etc., are anticipated to bolster the fast food and quick service restaurant market over the forecasted period.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ: https://www.imarcgroup.com/fast-food-quick-service-restaurant-market

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

๐…๐š๐ฌ๐ญ ๐…๐จ๐จ๐ ๐š๐ง๐ ๐๐ฎ๐ข๐œ๐ค ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐‘๐ž๐ฌ๐ญ๐š๐ฎ๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

Competitive Landscape with Key Players:

The competitive landscape of the global fast food and quick service restaurant market has also been examined along with the profiles of the key players.

Some of these key players include:

โ€ข Ark Restaurants Corp.
โ€ข Carrols Restaurant Group Inc.
โ€ข Chipotle Mexican Grill Inc.
โ€ข Del Taco Restaurants Inc.
โ€ข Jack in The Box Inc.
โ€ข Kotipizza Group Oyj (Orkla ASA)
โ€ข McDonald's Corporation
โ€ข Restaurant Brands International Inc.
โ€ข The Wendy's Company
โ€ข Yum Brands Inc.

Key Market Segmentation:

The report has categorized the market based on business model, cuisine, product type, service type and region.

Breakup by Business Model:
โ€ข Independent
โ€ข Chain and Franchise

Breakup by Cuisine:
โ€ข American
โ€ข Chinese
โ€ข Italian
โ€ข Mexican
โ€ข Japanese
โ€ข Turkish and Lebanese
โ€ข Others

Breakup by Product Type:
โ€ข Burger and Sandwiches
โ€ข Pizzas and Pastas
โ€ข Drinks and Desserts
โ€ข Chicken and Seafood
โ€ข Others

Breakup by Service Type:
โ€ข Online Service
โ€ข Offline Service

Breakup by Region:
โ€ข North America (United States, Canada)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โ€ข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=2566&flag=C

Key Highlights of The Report:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022-2027)
โ€ข Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Value Chain Analysis
โ€ข Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Banana Powder Market: https://bit.ly/3fLbQ1R
United States Food Enzymes Market: https://bit.ly/3fJ3lVh
Soy Sauce Market: https://bit.ly/3TK7XZ7
Animal Feed Market: https://bit.ly/3UIiRj7
Alginate Market: https://bit.ly/3OfuCLI

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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