Fast Food and Quick Service Restaurant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fast Food and Quick Service Restaurant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global fast food and quick service restaurant market size reached US$ 243.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 319.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

A food and quick service restaurant (QSR) refers to a casual dining setup, in which pre-prepared fast food is assembled and served to the customers. These outlets usually offer a limited menu and the food is prepared in advance in bulk quantities, which is further heated and packaged for take away or dine-in. They provide a wide variety of economical foods and beverages, such as burgers, sandwiches, pizzas, pastas, soft and alcoholic drinks, desserts, cakes, pastries, chicken, seafood, etc., and which are inspired by the local ingredients and cuisine. Apart from this, these restaurants are usually a part of an existing restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods to the restaurants through controlled supply channels.

Significant growth in the food and beverage industry, along with the widespread adoption of franchise business models by popular restaurant chains, is one of the key factors creating a positive outlook for the market. Furthermore, the increasing working population and improving consumer lifestyles across the globe have enhanced the consumption of fast food products. Also, due to the hectic schedules, there is widespread adoption of on-the-go food products that can be readily purchased and consumed while traveling. This, consequently, is creating a positive outlook for the market. Additionally, the emerging café culture, coupled with the availability of healthier fast food alternatives, is acting as another growth-inducing factor. QSRs are developing innovative and exotic recipes using natural, organic and plant-based ingredients, instead of artificial and processed substitutes, and are gaining immense traction among health-conscious consumers. Other factors, including modernization and digitization of the restaurants, coupled with the utilization of touchscreen kiosks, kitchen-display screens and digital sales terminal, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides 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 the global, regional and country level from 2023-2028. Our report has categorized the market based on business model, cuisine, product type and service type.

Breakup by Business Model:

Independent
Chain and Franchise

Breakup by Cuisine:

American
Chinese
Italian
Mexican
Japanese
Turkish and Lebanese
Others

Breakup by Product Type:

Burger and Sandwiches
Pizzas and Pastas
Drinks and Desserts
Chicken and Seafood
Others

Breakup by Service Type:

Online Service
Offline Service

Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Ark Restaurants Corp., Carrols 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.

Key Questions Answered in This Report:

What was the size of the global fast food and quick service restaurant market in 2022?

What is the expected growth rate of the global fast food and quick service restaurant market during 2023-2028?

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

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

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

What is the breakup of the global fast food and quick service restaurant market based on cuisine?

What is the breakup of the global fast food and quick service restaurant market based on the product type?

What is the breakup of the global fast food and quick service restaurant market based on the service type?

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

Who are the key players/companies in the global fast food and quick service restaurant market?


1 Preface
2 Scope and Methodology
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Fast Food and Quick Service Restaurant Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Business Model
  6.1 Independent
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 Chain and Franchise
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Cuisine
  7.1 American
7.1.1 Market Trends
7.1.2 Market Forecast
  7.2 Chinese
7.2.1 Market Trends
7.2.2 Market Forecast
  7.3 Italian
7.3.1 Market Trends
7.3.2 Market Forecast
  7.4 Mexican
7.4.1 Market Trends
7.4.2 Market Forecast
  7.5 Japanese
7.5.1 Market Trends
7.5.2 Market Forecast
  7.6 Turkish and Lebanese
7.6.1 Market Trends
7.6.2 Market Forecast
  7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Product Type
  8.1 Burgers and Sandwiches
8.1.1 Market Trends
8.1.2 Market Forecast
  8.2 Pizzas and Pastas
8.2.1 Market Trends
8.2.2 Market Forecast
  8.3 Drinks and Desserts
8.3.1 Market Trends
8.3.2 Market Forecast
  8.4 Chicken and Seafood
8.4.1 Market Trends
8.4.2 Market Forecast
  8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Service Type
  9.1 Online Service
9.1.1 Market Trends
9.1.2 Market Forecast
  9.2 Offline Service
9.2.1 Market Trends
9.2.2 Market Forecast
10  Market Breakup by Region
  10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
  10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
  10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
  10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
  10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11  SWOT Analysis
  11.1 Overview
  11.2 Strengths
  11.3 Weaknesses
  11.4 Opportunities
  11.5 Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
  13.1 Overview
  13.2 Bargaining Power of Buyers
  13.3 Bargaining Power of Suppliers
  13.4 Degree of Competition
  13.5 Threat of New Entrants
  13.6 Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
  15.1 Market Structure
  15.2 Key Players
  15.3 Profiles of Key Players
15.3.1 Ark Restaurants Corp.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio 
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Carrols Restaurant Group Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio 
15.3.2.3 Financials
15.3.3 Chipotle Mexican Grill Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio 
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Del Taco Restaurants Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio 
15.3.4.3 Financials
15.3.5 Jack in The Box Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio 
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Kotipizza Group Oyj (Orkla ASA)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 McDonald's Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio 
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Restaurant Brands International Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio 
15.3.8.3 Financials
15.3.9 The Wendy's Company
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio 
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Yum Brands Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio 
15.3.10.3 Financials
15.3.10.4 SWOT Analysis

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