Global Quick Service Restaurants Market - Market Analysis 2015-2019
About quick service restaurant
A quick service restaurant (QSR) or a fast food restaurant is a specific type of restaurant that serves swiftly prepared fast food and includes both sweet and savory dishes in the menu. The concept of quick service restaurant originated in the US in the 1920s, and at present they are considered to be one of the most popular hangouts for teenagers, families, and young working professionals.
Technavio's analysts forecast the global quick service restaurant market to grow at CAGRs of 5.54% and 5.22%, in terms of revenue and volume, respectively, for the period of 2015-2019.
Covered in this report
This report discusses the present scenario and the future prospects of the global quick service restaurant market for the period of 2015-2019. The market size is calculated taking into account the retail sales generated by following product segments:
Technavio Announces the Publication of its Research Report – Global Quick Service Restaurants Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Quick Service Restaurants Market: Subway, McDonalds, Burger King and Yum Brands
Other Prominent Vendors in the market are: Ajisen Ramen, Arby's Restaurant, Captain D’s, Chipotle Mexican Grill, CKE Restaurants, Del Taco, Domino's Pizza, Dunkin' Donuts, In-N-Out Burgers, Jack in the Box, Jollibee Foods, Krispy Kreme Doughnuts, MOS Food, Mr. Lee, Panera Bread, Popeyes Louisiana Kitchen, Sonic, Starbucks, Wendy's, Whataburger, and White Castle.
Commenting on the report, an analyst from Technavio’s team said: “Various innovations in packaging and the introduction of nutritious food products like low-fat milk and fruits in the menus of QSRs will likely lead to the steady growth of the market during the forecast period.
According to the report, increased demand for convenient or on-the-go products worldwide is expected to contribute significantly to market growth during the forecast period.
Further, the report states that a major challenge for the growth of the market is the perception of QSR food as being unhealthy. In addition, price fluctuations of raw materials like sugar, salt, and meat often result in the unstable prices of products offered by QSRs.
Dassault Systemes, GE, GE Intelligent Platform, Rockwell Automation, Schneider Electric, Siemens, ABB, Applied material, Aspen Technologies, Emerson Process Management, Eyelite, Honeywell International, Oracle, SAP and Werum Software and System America
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