Quick Service Restaurants Market Size, Share, Future Growth, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The global quick service restaurants market size was worth USD 894.68 billion in 2023 and is projected to grow from USD 971.36 billion in 2024 to USD 1,930.14 billion by 2032, exhibiting a CAGR of 8.96% during the forecast period.
A quick-service restaurant refers to a restaurant that delivers food items that take the least time to prepare and reduce customers' waiting time. These restaurants offer a vast variety of services to their customers. The business of food delivery has grown exponentially in recent years due to the rising development of food delivery applications and websites. Quick-service restaurants are also looking for different ways to deliver their food services to customers, which will further fuel the quick-service restaurants market growth.
Fortune Business Insights™ displays this information in a report titled, "Quick-Service Restaurants Market, 2024-2032."
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/quick-service-restaurants-market-103236
𝐋𝐈𝐒𝐓 𝐎𝐅 𝐊𝐄𝐘 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐏𝐑𝐎𝐅𝐈𝐋𝐄𝐃 𝐈𝐍 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓
• Chick-fil-A (U.S.)
• Papa John's International, Inc. (U.S.)
• Subway IP LLC (U.S.)
• Starbucks Corporation (U.S.)
• Yum! Brands, Inc. (U.S.)
• McDonald's Corporation (U.S.)
• Restaurant Brands International Inc. (Canada)
• The Wendy's Company (U.S.)
• Dunkin (Inspire Brands) (U.S.)
• Domino's Pizza, Inc. (U.S.)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐢𝐧 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭 𝐃𝐢𝐧𝐢𝐧𝐠 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐃𝐢𝐧𝐞-𝐈𝐧 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬
Based on service type, the market is segmented into dine-in, takeaway, and delivery. The dine-in segment is expected to dominate the quick-service restaurants market share during the forecast period as more customers prefer to dine-out in restaurants to get the complete dining experience, especially after the COVID-19 pandemic.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/quick-service-restaurants-market-103236
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report provides a detailed analysis of the market and covers key areas such as leading market players and their competitive landscape. It also offers leading insights into the latest market trends and focuses on top industry developments. Besides the abovementioned factors, the report covers several factors contributing to the market's growth.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐨𝐟 𝐅𝐨𝐨𝐝 𝐌𝐚𝐥𝐥𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬
Consumers are increasing their preference for shopping malls that have several brands under one roof. Keeping this trend in mind, many food service providers are launching multi-brand food malls and courts to boost their customers' shopping experience. These malls are equipped with advanced technologies to decrease customer waiting time and offer ease in ordering various food items. These advantages will drive customers' preference for quick-service restaurants.
However, growing popularity of cloud kitchens can impede the market growth.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐰𝐢𝐭𝐡 𝐑𝐚𝐩𝐢𝐝 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐅𝐚𝐬𝐭 𝐅𝐨𝐨𝐝 𝐂𝐡𝐚𝐢𝐧𝐬
North America is expected to dominate the global market as the region has a vast presence of fast food chains due to increasing number of dual income households and changing lifestyle of customers.
Asia Pacific will also hold a major global market share as the popularity of quick-service restaurants is growing at a commendable pace in India, Malaysia, Indonesia, South Korea, and China.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/quick-service-restaurants-market-103236
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐋𝐚𝐮𝐧𝐜𝐡𝐢𝐧𝐠 𝐍𝐞𝐰 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐑𝐞𝐭𝐚𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞
The market is witnessing notable growth as key players operating in this industry are increasing their focus on launching innovative products to enhance the dining experience of customers. Some of the major market players include Burger King, McDonald's Corporation, Pizza Hut, Taco Bell, and many more.
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟑: American sandwich chain Subway entered a definitive agreement to sell its business to the affiliates of Roark Capital. Roark Capital focuses mainly on investments in consumer business service companies, specializing in franchise and franchise-like businesses.

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This release was published on openPR.