Global Quick Service Restaurants Market 2018-2022
About Quick Service Restaurants
A quick service restaurant serves fast food and has minimal table service. Based on the type of service, the global quick service restaurants market has been segmented into eat-in, take away, drive-thru, and home-delivery service segments.
Technavio’s analysts forecast the global quick service restaurants market to grow at a CAGR of 4.61% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global quick service restaurants market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Quick Service Restaurants Market 2018-2022
Technavio recognizes the following companies as the key players in the global quick service restaurants market: Chick-fil-A, Domino’s, Dunkin' Brands Group, McDonald’s, Restaurant Brands International, Starbucks, Subway, The Wendy’s Company, and Yum! Brands.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovation in packaging for takeaway food. For generating interest and curiosity among consumers, manufacturers are focusing on providing innovative packaging for the brands. Innovations are made in terms of biodegradable packaging, compostable packaging, and packaging customized to a shape and size of the product.”
According to the report, one driver in the market is rise in number of quick service restaurants. Factors such as high demand for fast food, in emerging countries, are driving the number of quick service restaurants. Fast food chains are motivated by the increasing number of quick service restaurants which is resulting in extensive domestic and international expansion.
Further, the report states that one challenge in the market is fluctuations in raw material prices. A major challenge for almost all types of quick service restaurants is the fluctuation in the prices of food commodities and raw materials such as sugar and dairy products, which are vital for the preparation of coffee, tea, and other beverages.
Dunkin' Brands Group
Restaurant Brands International
The Wendy’s Company
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