Fast food and quick service restaurant market

Dublin, April 2, 2024 (GLOBE NEWSWIRE) — The report “Fast Food and Quick Service Restaurants Market Report by Business Model, Cuisine, Product Type, Service Type and Region 2024-2032” has been added to The Offer.

The global fast food and quick service restaurants market was valued at USD 255.4 billion in 2023 and is expected to reach USD 370.8 billion by 2032, growing at a CAGR of 4.2% during 2023-2032.

The significant growth in the food and beverage industry and the widespread adoption of franchise business models by popular restaurant chains are important factors for positive market development. In addition, the growing working population and improved lifestyles of consumers worldwide have increased the consumption of fast food products.

Furthermore, due to hectic schedules, there is a high use of prepared foods that can be purchased and consumed on the go. This consequently leads to a positive outlook for the market. Moreover, the emerging cafe culture coupled with the availability of healthier fast food alternatives is another factor driving growth.

QSRs are developing innovative and exotic recipes using natural, organic and plant-based ingredients instead of artificial and processed substitutes and are enjoying immense popularity among health-conscious consumers. Other factors, including the modernization and digitization of restaurants coupled with the use of touchscreen kiosks, kitchen displays and digital point of sale terminals, are expected to further drive the market.

Featured companies

• Ark Restaurants Corp.

• Carrol’s 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 and Yum Brands Inc.

Important market segmentation:

The report offers an analysis of the key trends in each sub-segment of the global Fast Food and Quick Service Restaurant market report along with forecasts at global, regional and country levels from 2024 to 2032.

The report has categorized the market by business model, cuisine, product type and service type.

Breakdown by business model:

• Independent

• Chain and franchise

Breakdown by cuisine:

• American

• Chinese

• Italian

• Mexican

• Japanese

• Turkish and Lebanese

• Miscellaneous

Breakdown by product type:

• Burgers and sandwiches

• Pizza and pasta

• Drinks and desserts

• Chicken and seafood

• Miscellaneous

The story continues

Breakdown by service type:

• Online-Service

• Offline service

Breakdown by region:

• North America

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Miscellaneous

• Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Russia

  • Miscellaneous

• Latin America

• Middle East and Africa

Key questions answered in this report

• What was the global fast food and quick service restaurant market size in 2023?

• What is the expected growth rate of the global fast food and quick service restaurant market during 2024-2032?

• What impact has COVID-19 had on the global fast food and quick service restaurant market?

• What are the key factors driving the global fast food and quick service restaurants market?

• What is the global fast food and quick service restaurant market segment based on business model?

• How is the global fast food and quick service restaurant market divided by cuisine type?

• How is the global fast food and quick service restaurants market divided by product type?

• How is the global fast food and quick service restaurant market divided by service type?

• What are the key regions in the global fast food and quick service restaurants market?

• Who are the major players/companies in the global Fast Food and Quick Service Restaurant market?

Main features:

For more information about this report visit https://www.researchandmarkets.com/r/n6zno8

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