According to a market report by Lucintel, the
future of the global quick food service restaurant market looks promising with opportunities in the
eat-in, takeaway, drive-through, and home delivery service industries. The
global quick food service restaurant market is expected to reach an estimated
$1.05 billion by 2028 with a CAGR of 4.9% from 2023 to 2028. The major drivers
for this market are significant demand for fast-food and ready-to-eat food
among people, increasing popularity of vegan fast food and fusion cuisine, and
rising interest for restaurants equipped with modern digital technologies.
In this market, independent and chain are the
two major segments of quick food service restaurant market by restaurant type.
Lucintel forecast that chain restaurant is expected to witness higher growth
over the forecast period due to its widespread geographic accessibility,
diversified cultural and traditional customs, and growing trend of regional and
local food.
Within this market, eat-in will remain the
largest segment due to increasing consumer interest for dining out at
restaurants and rising percentage of customers regularly go out for the whole
eating experience.
North America will remain the largest region
due to growing preference for multiple cuisines, significantly growing
e-commerce industry, and presence of key players in the region.
Ark Restaurant, Burger King, Carrols
Restaurant, Chipotle Mexican Grill, Darden Concepts, Dunkin Brands Group, and
Kotipizza Group are the major suppliers in the quick food service restaurant
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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