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Fast Food And Quick Service Restaurant Market 2023 - Market Size, Share, Industry Trends, Top Major Players And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Fast Food And Quick Service Restaurant Market Size, Growth Rate, And Forecast
The global fast food and quick service restaurant market size is expected to grow from $273.20 billion in 2022 to $292.78 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fast food and quick service restaurant market size is expected to reach $371.47 billion in 2027 at a CAGR of 6.1%.
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Fast Food And Quick Service Restaurant Market Drivers
The increasing popularity of restaurants is expected to propel the growth of the fast-food and quick-service restaurant market going forward. A restaurant is a business that prepares and serves food and drinks to customers. The restaurants are typically found inaccessible locations where the food can be ordered and consumed promptly in a shorter time which is convenient for customers. Hence, the increasing popularity of restaurants will increase the demand for fast food and quick service restaurant.
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Fast Food And Quick Service Restaurant Market Segments
1) By Type: Chain, Independent
2) By Product Type: Burger And Sandwiches, Pizzas And Pastas, Drinks And Desserts, Chicken And Seafood, Other Product Types
3) By Service: Eat-In, Takeaway, Drive-Through, Home Delivery
4) By Cuisine: American, Chinese, Italian, Mexican, Japanese, Turkish And Lebanese, Other Cuisines
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the fast food and quick service restaurant market.
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Fast Food And Quick Service Restaurant Market Key Players
Major competitors in the fast food and quick service restaurant market include McDonald's Corporation, Burger King, Carrols Restaurant Group Inc., Chipotle Mexican Grill, Darden Concepts Inc., Del Taco Restaurants Inc., Jack in the Box Inc., Kotipizza Group Oyj.
The Business Research Company's "Global Fast Food And Quick Service Restaurant Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Fast Food And Quick Service Restaurant Market Include:
1. Executive Summary
2. Fast Food and Quick Service Restaurant Market Characteristics
3. Fast Food and Quick Service Restaurant Market Trends And Strategies
4. Fast Food and Quick Service Restaurant Market - Macro Economic Scenario
5. Fast Food and Quick Service Restaurant Market Size And Growth
.....
26. Africa Fast Food and Quick Service Restaurant Market
27. Fast Food and Quick Service Restaurant Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fast Food and Quick Service Restaurant Market
29. Fast Food and Quick Service Restaurant Market Future Outlook and Potential Analysis
30. Appendix
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