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Fast Casual Restaurants Market worth $293.80 billion by 2030, growing at a CAGR of 8.34% - Exclusive Report by 360iResearch

03-14-2024 12:47 PM CET | Food & Beverage

Press release from: 360iResearch

Fast Casual Restaurants Market | 360iResearch

Fast Casual Restaurants Market | 360iResearch

The "Fast Casual Restaurants Market by Type (Independent Ownership, Restaurant Franchises), Application (Commercial Offices, Residential) - Global Forecast 2024-2030" report has been added to's offering.

The Global Fast Casual Restaurants Market to grow from USD 167.68 billion in 2023 to USD 293.80 billion by 2030, at a CAGR of 8.34%.

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Fast casual restaurants represent a unique segment within the dining industry, bridging the gap between traditional fast food and casual dining experiences. Distinct from their quick-service counterparts, fast-casual establishments focus on offering higher-quality ingredients, often with a commitment to healthier, fresher, and more sustainable sourcing. A shift towards healthier eating habits encourages consumers to choose fast-casual restaurants. Moreover, the increasing urban population and workforce contribute to the growth of fast-casual restaurants in city centers. However, balancing food quality with cost-effectiveness and staying responsive to rapidly changing consumer tastes and dietary trends is a continuous challenge. Furthermore, developing technologies that allow for increased food customization to meet the unique preferences of customers and adoption of sustainable and eco-friendly operations attract environmentally conscious customers and pose significant opportunities for market growth.

The fast casual restaurant market in the Americas is highly developed, with a strong emphasis on convenience, quality, and value for money. In the United States and Canada, the market is characterized by a high demand for diverse cuisines and healthier food options. Patrons tend to prefer establishments that offer a hybrid experience, fast service imbued with a casual dining atmosphere. Brands focused on innovation and technology, including mobile ordering and meal customizations, are standing out. The European Union presents a varied market landscape for fast casual restaurants, with each member country showcasing unique consumer needs and purchasing behaviors. The rise of app-based food delivery services has also revolutionized the industry, allowing customers to enjoy a broader range of dining options at their convenience. Moreover, cultural emphasis on leisurely dining experiences has influenced the fast casual segment to offer more relaxed and inviting atmospheres. In the APAC region, which is rapidly evolving in terms of economic development and consumer lifestyles, the fast casual industry is experiencing significant growth. China's fast casual sector is burgeoning, strengthened by a tech-savvy consumer base that eagerly adopts new digital payment methods and delivery platforms. India's fast casual market is being shaped by a young population with increasing disposable income, leading to a sizeable demand for international cuisines and fast service.

Market Segmentation & Coverage:

This research report categorizes the Fast Casual Restaurants Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Independent Ownership and Restaurant Franchises. The Independent Ownership commanded largest market share of 59.56% in 2023, followed by Restaurant Franchises.

Based on Application, market is studied across Commercial Offices and Residential. The Commercial Offices commanded largest market share of 57.82% in 2023, followed by Residential.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.99% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Fast Casual Restaurants Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Fast Casual Restaurants Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Fast Casual Restaurants Market, highlighting leading vendors and their innovative profiles. These include Chick-fil-A, Inc., Chipotle Mexican Grill, Inc., Dickey's Barbecue Restaurants, Inc., EXKi SA, Five Guys Enterprises LLC, Godfather's Pizza, Inc., In-N-Out Burgers, KFC Corporation by Yum! Brands, Inc., LYFE Kitchen, LLC, McDonald's Corporation, MOD Super Fast Pizza LLC, Nando's Restaurant Group, Inc., Noodles & Company, Panda Restaurant Group, Inc., Panera, LLC, Pie Five Pizza Company, Potbelly Sandwich Works LLC, QDOBA Restaurant Corporation, Restaurant Brands International Inc., Shake Shack Enterprises, LLC, Smashburger Servicing LLC, Sweetgreen, Inc., Tortilla Mexican Grill PLC, and Wingstop Restaurants, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fast Casual Restaurants Market, by Type
7. Fast Casual Restaurants Market, by Application
8. Americas Fast Casual Restaurants Market
9. Asia-Pacific Fast Casual Restaurants Market
10. Europe, Middle East & Africa Fast Casual Restaurants Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Fast Casual Restaurants Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fast Casual Restaurants Market?
3. What is the competitive strategic window for opportunities in the Fast Casual Restaurants Market?
4. What are the technology trends and regulatory frameworks in the Fast Casual Restaurants Market?
5. What is the market share of the leading vendors in the Fast Casual Restaurants Market?
6. What modes and strategic moves are considered suitable for entering the Fast Casual Restaurants Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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