Press release
Fast Food and Quick Service Restaurant Market Size (US$ 319.7 Bn), Growth Rate, Trends Analysis, and Opportunities 2023-2028
Fast Food and Quick Service Restaurant Market
Report Highlights
How Big is the Fast Food and Quick Service Restaurant Market?
The global fast food and quick service restaurant market size reached US$ 243.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 319.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/fast-food-quick-service-restaurant-market/requestsample
What is Fast Food and Quick Service Restaurant?
Fast food refers to a type of food service model that delivers prepared meals in the shortest time possible. The concept primarily revolves around speed, efficiency, and convenience. On the other hand, a quick service restaurant (QSR) is an establishment that offers fast food and is typically characterized by its minimal table service and swift food preparation processes. These venues include burger joints, pizza places, coffee shops, and franchises of popular food chains. QSRs serve a range of products such as hamburgers, sandwiches, salads, tacos, pizza, coffee, and other beverages, along with dessert items, including ice cream and pies. The model is designed to cater to the fast-paced modern lifestyle, where consumers value quick, convenient, and economically priced meals. The adaptability of this model has allowed it to thrive in various settings, including urban hubs, suburban neighbourhoods, shopping malls, airports, and even college campuses.
What are the Growth Prospects and Trends in the Fast Food and Quick Service Restaurant Market?
The rapidly evolving consumer lifestyle driven by hectic schedules and the growing inclination towards convenience food is driving the global market. Furthermore, the increasing population of millennials and Gen Z, who value speed and convenience, has been instrumental in fuelling the demand in the fast-food market. In addition, continual technological advancements in food delivery platforms and digital payment systems are providing a boost to the market. This, coupled with the continuous innovation in food menus to cater to the diverse palates and dietary preferences of consumers, is shaping the fast-food landscape. Furthermore, the advent of smart restaurant concepts, leveraging AI, IoT, and Big Data, is ushering in a new era of operational efficiency and personalized customer experiences, impelling favorable environment for the proliferation of the QSR market.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=2566&method=1
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.
Who are the Key Players Operating in the Fast Food and Quick Service Restaurant Industry?
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:
โข Ark Restaurants Corp.
โข Carrols Restaurant Group Inc.
โข Chipotle Mexican Grill Inc.
โข Del Taco Restaurants Inc.
โข Jack in The Box Inc.
โข Kotipizza Group Oyj (Orkla ASA)
โข McDonald's Corporation
โข Restaurant Brands International Inc.
โข The Wendy's Company
โข Yum Brands Inc.
What is Included in Market Segmentation?
The report has categorized the market based on business model, cuisine, product type, service type and region.
Breakup by Business Model:
โข Independent
โข Chain and Franchise
Breakup by Cuisine:
โข American
โข Chinese
โข Italian
โข Mexican
โข Japanese
โข Turkish and Lebanese
โข Others
Breakup by Product Type:
โข Burger and Sandwiches
โข Pizzas and Pastas
โข Drinks and Desserts
โข Chicken and Seafood
โข Others
Breakup by Service Type:
โข Online Service
โข Offline Service
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ (๐๐% ๐ ๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง): https://www.imarcgroup.com/request?type=report&id=2566&flag=C
Key Highlights of The Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Value Chain Analysis
โข 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:
Ready to Eat (RTE) Food Market Research Report 2023-2028: https://www.imarcgroup.com/ready-to-eat-food-market/requestsample
Soy Sauce Market Research Report 2023-2028: https://www.imarcgroup.com/soy-sauce-market/requestsample
Functional Shots Market Research Report 2023-2028: https://www.imarcgroup.com/functional-shots-market/requestsample
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
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.
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