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Fast Food and Quick Service Restaurant Market 20232 - BY Size, Share, Trends Analysis And Forecast 2032
Fast Food and Quick Service Restaurant Market
The Business Research Company's Fast Food and Quick Service Restaurant Global Market Report 2023 identifies increasing popularity of restaurants as the major driver for the Fast Food and Quick Service Restaurant market's growth in the forecast period. 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.
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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Major competitors in the Fast Food and Quick Service Restaurant market are McDonald's Corporation, Burger King, Carrols Restaurant Group Inc., Chipotle Mexican Grill, Darden Concepts Inc.
A key trend in the Fast Food and Quick Service Restaurant market includes technological advancements. Major companies operating in the fast food and quick service restaurant market are focused on developing new solutions to strengthen their position in the market. For instance, in April 2022, Toast, a US-Cloud based company launched Quick Service, which is completely customizable and is designed specifically to help quick-service restaurants. The quick service for restaurants is built for casual, counter-service restaurants based on their unique needs, helping them run more efficient and profitable businesses. These quick serves can improve revenue and provide a better guest experience.
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https://www.thebusinessresearchcompany.com/report/fast-food-and-quick-service-restaurant-global-market-report
The Fast Food and Quick Service Restaurant market is segmented -
• By Type: Chain, Independent
• By Product Type: Burger And Sandwiches, Pizzas And Pastas, Drinks And Desserts, Chicken And Seafood, Other Product Types
• By Service: Eat-In, Takeaway, Drive-Through, Home Delivery
• 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.
The Business Research Company's "Global Fast Food and Quick Service Restaurant Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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