Quick Service Restaurant Market Size To Increase By USD 119.20 Billion | Technavio research analyzes highlight innovations in food packaging and service as a key trend

NEW YORK, November 11, 2021 / PRNewswire / – According to the research report “Fast Food Restaurant Market – Forecast and Analysis Report 2021-2025“, the market is expected to have an annual growth rate of 2.87% in 2021 with a CAGR of nearly 4% between 2020 and 2025.

Attractive Opportunities in the Quick Service Restaurant Market by Service and Geography – Forecast and Analysis 2021-2025

North America is the largest market for quick service restaurants. Factors such as increasing consumer preference to eat out, brand loyalty, interest in new dining experiences and the introduction of new cuisines and flavors create significant growth opportunities for manufacturers. of quick-service restaurants in North America.

See the sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Supplier Information

The global fast food restaurant market is fragmented in nature due to the presence of several global and regional players. American Dairy Queen Corp., Chick-fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Starbucks Coffee Company, The Wendys Co. and YUM Brands Inc are some of the dominant vendors featured in the report.

The dominant suppliers in the market compete with each other in terms of brand, product innovations in their menus and price. The market is also witnessing the entry of several new players, which is expected to increase competition during the forecast period.

Some suppliers are focusing on forming new alliances and setting up new factories and outlets in all geographies to expand their presence. For example, in October 2020, Inspire Brands Inc. has acquired Brand Dunkin unite a family of complementary and highly differentiated brands.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a sample market research report.

Geographic market analysis

North America will provide maximum growth opportunities in the quick service restaurant market during the forecast period. According to our research report, the region currently holds 43% of the global market share and is expected to dominate the market until 2025.

The report also offers a detailed analysis of the market growth through Europe, APAC, South America, and MEA. In addition, countries like the United States, China, Japan, the United Kingdom and Canada are expected to become prominent markets for quick service restaurants during the forecast period.

Learn more about the geographic spread of this market as well as the detailed analysis of major regions. www.technavio.com/report/quick-service-restaurants-market-industry-analysis

Key market trends and challenges:

The report identifies innovations in food packaging and serving as the major trend influencing the quick service restaurant market. To arouse the interest and curiosity of consumers, market sellers are considering the use of innovative packaging techniques. Innovative packaging solutions such as biodegradable packaging, compostable packaging and packaging customized according to the shape and size of the product are adopted to arouse the interest of consumers. This current trend is expected to generate higher demand for fast food restaurants thereby supporting the market growth.

However, fluctuations in commodity prices will be a challenge for the growth of market players. Irregular climate changes often lead to sudden increases in the prices of food and raw materials such as sugar and dairy products. This affects the productivity and profit margins of restaurants, hampering the growth of the market.

See a free sample for highlights on market trends and challenges affecting the quick service restaurant market.

Customize your report

Don’t miss the opportunity to speak to our analyst and learn more about this market report. Our analysts can also help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and provide you with personalized data in a short period of time.

We offer 1000 USD FREE personalization value at time of purchase. Talk to our analyst now!

Associated reports:

Global Fast Food Market – The global fast food market is segmented by product (non-vegetarian fast food and vegetarian fast food) and by geography (North America, APAC, Europe, South America, and MEA).
Download an exclusive free sample report

Industrial catering market – The global catering market is segmented by industry (commercial and non-commercial), type (conventional, centralized, plug-and-play and assembly service) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Download an exclusive free sample report

Scope of the quick service restaurant market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of almost 4%

Market growth 2021-2025

$ 119.20 billion

Market structure

Fragmented

Annual growth (%)

2.87

Regional analysis

North America, APAC, Europe, South America and MEA

Efficient contribution to the market

North America at 43%

Main consumer countries

United States, China, Japan, United Kingdom and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

American Dairy Queen Corp., Chick-fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Starbucks Coffee Company, The Wendys Co. and YUM Brands Inc .

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID 19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/quick-service-restaurants-market-size-to-increase-by-usd-119-20-bn-technavios-research -insights-bring-online-innovations-in-packaging-and-service-food-as-a-key-trend-301421267.html

SOURCE Technavio

Source link

About Jonathan Bell

Check Also

America’s oldest restaurant is in Nassau County, New York – NBC New York

On a turkey day, the Milleridge Inn in Nassau County serves this up with a …

Leave a Reply

Your email address will not be published. Required fields are marked *