Quick Service Restaurant Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Reinvention of Customer Experience is Driving the Quick Service Restaurant Market

The quick service restaurant market worldwide is expected to grow with a CAGR of 5.5% during the forecast period from 2021 to 2029, starting from US$ 1.48 Tn in 2020. The prerequisite for reinventing customer experience, improved demand for self-service options and escalating awareness for the same among the consumers is driving the quick service restaurant market. A quick service restaurant acts as a fast food cuisine provider and has nominal table service. The adoption of smartphones and downloadable applications has led to various innovations in the quick service restaurant. Hence, we expect that the quick service restaurant market will show significant growth during the forecast period.

Chain Restaurant based Segment will Led the Market

The quick service based restaurant market is segmented into individual and chain restaurants based on type. Chain restaurants hold a significant share in the quick service restaurant market. The growing adult population is inclined towards the eat-in. The trend of corporate parties, social meetup and outings had contributed significantly to the restaurant trend. The increased adoption of smartphones and internet penetration shall facilitate the use of review based opinions and thus fostering revenue for a well-established chain of restaurants. Thus, we expect that the chain restaurants segment shall continue holding a significant share in the quick service restaurant market during the forecast period 2021-2029.

Asia Pacific to Possess Significant share during the Forecast Period

In 2020, Asia Pacific has a significant share in the global quick service restaurant market. Growing urbanization and rising awareness among the people towards ready to eat meal is driving the growth of the market in the region. Owing to increasing demand for ready-to-eat meals among the consumers and cumulative number of service providers in the region the quick service restaurant market shall expand. Changing life style pattern, food safety norms and awareness towards healthy eating is driving the growth of quick service restaurant market in the growing economies say India and China. Thus, Asia Pacific shall continue to dominate share in the quick service restaurant market throughout the forecast period.

Some of the prominent players operating in the quick service restaurant market Chick-fil-A, Domino’s, Dunkin' Brands Group, McDonald’s, Starbucks, Subway, The Wendy’s Company, Yum! Brands among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The quick service restaurant market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global quick service restaurant market based on application and geography. Key segments covered in the report are as follows:

Type (2019-2029; US$ Tn)

• Individual Restaurants
• Chain Restaurants

Geography Segment (2019-2029; US$ Tn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of quick service restaurant in 2020 and forecast up to 2029?
• Which is the largest regional market for quick service restaurant?
• What are the major trends followed in overall quick service restaurant across different regions?
• Who are the key quick service restaurant companies leading the market?
• What are the key strategies adopted by the leading quick service restaurant companies in market?

Unique data points of this report

• Recent trends across different regions in terms of adoption of quick service restaurant across various applications
• Notable developments going on in quick service restaurant market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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