Global Quick Service Restaurants Market Size, Trends and Growth opportunity, By Food Type (Burger/Sandwich, Pizza/Pasta, Chicken, Seafood, and Others), By Nature (Independent and Franchised), and Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR1001954 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 245
Global Quick Service Restaurants Market Size, Trends and Growth opportunity, By Food Type (Burger/Sandwich, Pizza/Pasta, Chicken, Seafood, and Others), By Nature (Independent and Franchised), and Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Quick Service Restaurants Market
Global Quick Service Restaurants Market was valued at USD 173.72 billion in 2021 and is expected to reach USD 462.4 billion by 2027, at a CAGR 17.72% from 2022-2027.
Quick service restaurants (QSRs) are those eateries that offer specific food items that require the least amount of preparation time and are served quickly. Since they can be prepared quickly, quick service restaurants typically deal with fast food items with a small selection. These eateries are well known for having standardised, modular, and effective processes that help them shorten the lead times needed to complete orders. The foundations of a fast service restaurant are technology application and preparation methodology (QSR).
Market Drivers
The primary driver of the Quick Service Restaurants (QSR) market growth is the shift in customer lifestyles and growing preference for convenience foods. Furthermore, a paradigm change among customers towards convenient and straightforward pick-up choices as well as third-party delivery is driving demand for the sector. Due to takeaway and delivery-only options, there was an increase in reliance on third-party quick delivery services. Large corporations like DoorDash, UberEats, and GrubHub help consumers by making it simpler to reach new customers through these delivery options.
Also, when digital developments are linked with the operations of restaurants, the sector is anticipated to expand which is estimated to drive the market growth. Digital innovations are anticipated to have a significant role in driving future income and retaining current customers are boosting the market expansion.
Market Restraints
Adverse effects of fast food and quick service restaurants anticipated to hamper the market growth in the coming years. One of the main factors that may hinder the growth of quick service restaurants is consumers' growing awareness of health issues as a result of the consumption of unhealthy food products.
COVID-19 Impact
When the COVID-19 pandemic first broke out, the quick service restaurant (QSR) industry had a significant global influence. Due to the epidemic, many operators were forced to temporarily close their in-service restaurants. Due of this outbreak, many businesses were forced to permanently close. Because they were afraid of becoming sick, consumers opted to remain in and cook rather than go out. This caused the industry to see a significant decline in demand.
Market Segmentation
Global Quick Service Restaurants Market is segmented into Food Type, Nature, and Region.
Based on Food Type the Global Quick Service Restaurants Market is segmented intoBurger/Sandwich, Pizza/Pasta, Chicken, Seafood, and Others.
Based on Nature the Global Quick Service Restaurants Market is divided into Independent and Franchised.
Regional Analysis
Global Quick Service Restaurants Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the Global Quick Service Restaurants Market, due to primary driver of the Quick Service Restaurants (QSR) market expansion in the area is the rising expenditure on technology improvements along with the rising demand for fast food items. Additionally, it is projected that the expansion of the restaurant industry would be aided by the expanding popularity of a number of cuisines, the availability of simple and quick delivery options, and the expansion of the e-commerce market. Additionally, the fast-paced lifestyle, the presence of top suppliers in the area, and the growth of franchisees are all boosting regional demand.
Also, the Asia Pacific is expected to have the greatest CAGR during the forecast period. The fast expansion of the food and beverage industry, increased governmental and private sector investments, and increasing industrialization factors which are projected to drive the market growth.
Key Development
In 2021, Starbucks and Nestlé announced a new partnership with the goal of expanding the availability of Starbucks Ready-to-Drink (RTD) coffee beverages in target countries throughout Oceania, Southeast Asia, and Latin America. Starbucks and Nestlé are anticipated to concentrate on the most well-liked RTD items, like Starbucks Doubleshot and Starbucks Frappuccino, and to maintain a robust pipeline of innovations.
Key Players
Various key players are discussed into the Global Quick Service Restaurants Market Report including: Quality Is Our Recipe, LLC, Carrols Restaurant Group, Inc., Yum! Brands, Darden Concepts, Inc., McDonald's, Ark Restaurant Corp, DEL TACO RESTAURANT, INC., Restaurant Brands International Inc.,Kotipizza Group Oyj, Chipotle Mexican Grill, DD IP Holder LLC, and JACK IN THE BOX INC.
For instance, in March 2019, the White House hosted a luncheon with food from McDonald's and Chick-fil-A for the North Dakota State Bison football team. The menu included items like Big Macs, fried chicken sandwiches, and sauce.
Market Taxonomy
By Food Type
• Burger/Sandwich
• Pizza/Pasta
• Chicken
• Seafood
• Others
By Nature
• Independent
• Franchised
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Quick Service Restaurants Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Quick Service Restaurants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Quick Service Restaurants Market, By Food Type
5.1 Y-o-Y Growth Comparison, By Food Type
5.2 Global Quick Service Restaurants Market Share Analysis, By Food Type
5.3 Global Quick Service Restaurants Market Size and Forecast, By Food Type
5.3.1. Burger/Sandwich
5.3.2. Pizza/Pasta
5.3.3. Chicken
5.3.4. Seafood
5.3.5. Others
6 Global Quick Service Restaurants Market, By Nature
6.1 Y-o-Y Growth Comparison, By Nature
6.2 Global Quick Service Restaurants Market Share Analysis, By Nature
6.3 Global Quick Service Restaurants Market Size and Forecast, By Nature
6.3.1 Independent
6.3.2 Franchised
7 Global Quick Service Restaurants Market, By Region
7.1 Global Quick Service Restaurants Market Share Analysis, By Region
7.2 Global Quick Service Restaurants Market Size and Forecast, By Region
8 North America Fluid Management Devices Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Fluid Management Devices Market Share Analysis, By Food Type
8.3 North America Fluid Management Devices Market Size and Forecast, By Nature
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Fluid Management Devices Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Fluid Management Devices Market Share Analysis, By Food Type
9.3 Europe Fluid Management Devices Market Size and Forecast, By Nature
9.4 Europe Fluid Management Devices Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.5.4. Rest of Europe
10 Asia Pacific Fluid Management Devices Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Fluid Management Devices Market Share Analysis, By Food Type
10.3 Asia Pacific Fluid Management Devices Market Size and Forecast, By Nature
10.4 Asia Pacific Fluid Management Devices Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Fluid Management Devices Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Fluid Management Devices Market Share Analysis, By Food Type
11.3 Latin America Fluid Management Devices Market Size and Forecast, By Nature
11.4 Latin America Fluid Management Devices Market Size and Forecast, Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Fluid Management Devices Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Fluid Management Devices Market Share Analysis, By Food Type
12.3 Middle East Fluid Management Devices Market Size and Forecast, By Nature
12.4 Middle East Fluid Management Devices Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Quality Is Our Recipe, LLC
13.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Carrols Restaurant Group, Inc.
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Yum! Brands
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Darden Concepts, Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 McDonald's
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Ark Restaurant Corp
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 DEL TACO RESTAURANT, INC
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Restaurant Brands International Inc.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Kotipizza Group Oyj
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Chipotle Mexican Grill
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 DD IP Holder LLC
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 JACK IN THE BOX INC.
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies