Top Market Shifts Transforming the Airport Quick Service Restaurant Market Landscape: Key Insights

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What Is the Expected CAGR for the Airport Quick Service Restaurant Market Through 2025?
In recent times, there has been significant growth in the airport quick-service restaurant market. It is projected to increase from a market size of $175.55 billion in 2024 to $184.7 billion by 2025, representing a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this historical growth include an increase in air travel, evolving customer preferences, airport development and refurbishments, enhanced attention towards passenger experience, collaborations and concessions, technological advances, and the emergence of digital ordering.

What's the Projected Size of the Global Airport Quick Service Restaurant Market by 2029?
The sector for quick service restaurants in airports is projected to experience robust expansion in the upcoming years, with estimates suggesting a growth to "$225.3 billion by 2029 at a compound annual growth rate (CAGR) of 5.1%. Factors contributing to this growth during the projected period include the integration of technology, increase in disposable income, trends towards sustainability and health, regulatory conditions, market competition and saturation, and worldwide events and tourism. Key trends anticipated throughout this period encompass health-centric menus, regional gastronomy, initiatives for sustainability, the presence of virtual brands and invisible kitchens, customized experiences, technological innovation and design, cultural incorporation, and resilience with adaptability.

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Top Growth Drivers in the Airport Quick Service Restaurant Industry: What's Accelerating the Market?
The airport quick service restaurant market is anticipated to grow with an increase in air passenger traffic. The term air passenger traffic denotes the number of individuals travelling via aircraft within a specified time frame such as a day, month, quarter or year. The soaring amount of air passenger traffic, owing to more accessible air travel spurred by the widening airline routes, fuels the growth of these quick-service restaurants. These eateries are designed for speedy service to accommodate passengers, airline staff, and airport personnel who are pressed for time, offering an assortment of food and beverage options. For example, through Eurostat's report, a statistically-focused office based in Luxembourg for the European Union, a significant surge in air travel was reported in the EU in 2022, with passengers numbering up to 820 million. This represented a staggering increase of 119.3% compared to the previous year. Consequently, the rise in air passenger traffic is propelling the expansion of the airport quick service restaurant market.

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Which Fast-Growing Trends Are Poised to Disrupt the Airport Quick Service Restaurant Market?
Leading businesses in the airport quick service restaurant sector are leveraging innovative technologies like airport-oriented pickup-only concepts to gain a market competitive advantage. The concept of airport-based pickup-only implies a food and drink establishment situated within an airport terminal that only provides takeaway or pickup orders. For instance, Starbucks Corporation, an American coffee business, teamed up with OTG, an airport hospitality group based in the US, to introduce its inaugural Starbucks Pickup concept at George Bush Intercontinental Airport, Houston, in September 2023. These setups are designed for fast and convenient order pick-up via the Starbucks app, targeting digitally oriented travelers. This concept enables customers to order and pay in advance via the app, track the status of their order on a digital display after arrival, and collect their purchases once the order is ready.

What Are the Main Segments in the Airport Quick Service Restaurant Market?
The airport quick service restaurant market covered in this report is segmented -

1) By Type: Fast Foods And Meals Beverages Bakery And Confectionery
2) By Franchise Type: Branded Chains Local Brands
3) By Restaurant: Standalone Outlet Kiosks Food Courts
4) By Application: Domestic Airports International Airports

Subsegments:
1) By Fast Foods And Meals: Burgers And Sandwiches Pizza And Pasta Asian Cuisine Mexican And Tex-Mex Salads And Bowls Fried Foods (Chicken, Fries)
2) By Beverages: Coffee And Tea Juices And Smoothies Soft Drinks And Sodas Energy Drinks Alcoholic Beverages Milkshakes And Other Specialty Drinks
3) By Bakery And Confectionery: Cakes And Pastries Donuts And Muffins Cookies And Biscuits Bread And Rolls Candy And Chocolates Ice Cream And Frozen Desserts

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Which Top Companies are Driving Growth in the Airport Quick Service Restaurant Market?
Major companies operating in the airport quick service restaurant market are Starbucks Corporation, McDonald's Corporation, Subway IP LLC, Lagardère Travel Retail, Yum! Brands Inc., Chick Fil A Inc., Panda Restaurant Group Inc., Autogrill SpA, SSP Group plc, Baskin-Robbins, Wendys, Taco Bell IP Holder LLC, Burger King Company LLC, DUNKIN BRANDS, Costa Limited, HMSHost International BV, Haldiram's India Pvt Ltd., Jubilant FoodWorks Ltd., Devyani International Limited, OTG Management, Café Coffee Day, Cakes & Bakes, Wow! Momo Foods Private Limited, Casual Food GmbH

Which Regions Will Dominate the Airport Quick Service Restaurant Market Through 2029?
North America was the largest region in the airport quick service restaurant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport quick service restaurant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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