Fast Food and Quick Service Restaurant Market Size (US$ 319.7 Bn), Growth Rate, Trends Analysis, and Opportunities 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐅𝐚𝐬𝐭 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐐𝐮𝐢𝐜𝐤 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global fast food and quick service restaurant market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: 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.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: 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:
• Ark Restaurants Corp.
• Carrols Restaurant Group Inc.
• Chipotle Mexican Grill Inc.
• Del Taco Restaurants Inc.
• Jack in The Box Inc.
• Kotipizza Group Oyj (Orkla ASA)
• McDonald's Corporation
• Restaurant Brands International Inc.
• The Wendy's Company
• 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:
• Independent
• Chain and Franchise

Breakup by Cuisine:
• American
• Chinese
• Italian
• Mexican
• Japanese
• Turkish and Lebanese
• Others

Breakup by Product Type:
• Burger and Sandwiches
• Pizzas and Pastas
• Drinks and Desserts
• Chicken and Seafood
• Others

Breakup by Service Type:
• Online Service
• Offline Service

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

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 (𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧): https://www.imarcgroup.com/request?type=report&id=2566&flag=C

Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• 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.

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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

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This release was published on openPR.