Fast Food & Quick Service Restaurant (QSR) Market Size, Trends and Insights By Service Type (Eat-in, Takeaway, Drive-Through, Home Delivery), By Application (Independent, Chain), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18406

Published Date: September 2022

Pages: 220+

Category: Consumer Goods

Reports Description

According to Custom Market Insights (CMI), The Global Fast Food & Quick Service Restaurant Market size was estimated at USD 267.1 billion in 2021 and is expected to hit around USD 410.1 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. 

One of the most active sectors in the food industry is the Fast Food & Quick Service Restaurant sector. Among the most successful restaurant business models the Fast Food & Quick Service restaurants. It is a particular eatery that offers fast food fare and has rudimentary table service. Numerous advances in point-of-sale systems have been made due to the popularity of smartphones and downloadable applications in quick-service restaurants.

Fast Food & Quick Service Restaurant Market

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Quick-service restaurants’ business strategies have evolved to consider their customers’ changing needs. Most quick-service restaurants provide sit-and-dine and various other options perfect for the modern lifestyle, such as drive-thru, take-out, and home delivery. The surge in demand for fast food items among the working, millennial, and Gen-Z populations is driving the worldwide market for quick-service restaurants. Due to the wide selection of affordable food options and the rising desire for ready-to-eat and on-the-go meals, fast-service restaurants have become popular places to dine in recent years.

One of the main elements fostering a favorable view of the market is the significant expansion of the food and beverage sector and the growing adoption of franchise business models by well-known restaurant chains. Additionally, the global improvement in consumer lives and the growing working population has increased fast-food consumption. In addition, on-the-go food products that can be easily purchased and enjoyed while traveling are becoming popular owing to hectic schedules. 

Growth Factors

With the emergence of quick-service restaurants as a significant supplier of this mass-produced food, more and more individuals are becoming interested in using and appreciating their services. Some key elements supporting the market for fast food and quick service restaurants are convenience, good flavor, and economy in terms of both time and money.

The three main drivers driving the market’s growth are the increased need for self-service choices, the growing need to innovate the customer experience, and rising consumer awareness. The rising usage of cell phones will also present ample chances for market expansion for payments. The rapid growth of the global quick-service restaurant business is strongly correlated with the growth of the tourist sector globally. The rise of quick-service restaurants worldwide has been accelerated by the phenomenal expansion of the hospitality and tourist sectors in developed and emerging nations in recent years. 

The rising popularity of eating out in developing and developed nations’ big centers among all socioeconomic strata without waiting for a special occasion has increased demand for quick-service restaurants. People increasingly prefer dining outside as part of their leisure activities or shopping excursions. This tendency is obvious in the 25- to 40-year-old millennial age bracket.

Additionally, as individuals are exposed to more diverse lives and cultures, they begin to establish their tastes and dine out more frequently to try new foods. Due to the country’s rapid urbanization, population growth, economic expansion, and an increase in people’s disposable money, eating out has become increasingly popular. The rise in quick service restaurants is attributed to an increase in fast food franchises in undeveloped areas and the growth of tier II and tier III cities.

Technology has been essential in fostering the market’s expansion. Among many other innovations, touchscreen point-of-sale terminals, self-order kiosks, and kitchen display displays are aiding in reorganizing industry processes. Self-order kiosks are being installed at more restaurants regularly. These assist in exceeding guests’ expectations by providing an excellent digital experience and user-friendly interfaces. Furthermore, enabling numerous evaluations and adjustments provides clients with a quick and simple way to be picky about their orders. The kiosks benefit the consumers and increase the number of orders, average check size, and wait time.

Moreover, the growing trend of eating out more frequently and spending less time cooking is primarily responsible for the market expansion of fast-service restaurants. Increased consumer-focused investments in expressway and airport infrastructure have opened up new opportunities for various quick-service restaurants to open their doors. Consumers’ increasing inclination to purchase meals online has spurred the industry’s growth, so many quick-service restaurants have begun to provide door-to-door delivery services. The rising demand for quick meals among consumers has positively affected the market for quick service restaurants.

One of the key causes fueling development in the quick-service restaurant industry is the rise in the number of quick-service restaurants. Quick-service restaurants are rising due to the demand for fast food, especially in developing countries. As a result, there is encouragement for fast-food franchises to expand both locally and globally. Due to various tastes and preferences for different types of premium coffee, specialty coffee shops have emerged.

Fast Food & Quick Service Restaurant market Segmentation

Fast Food & Quick Service Restaurant market, a segment based on Service Type

According to service type, the dine-in sector is in the lead and is anticipated to contribute most to the market for quick-service restaurants. The high quality of the food served at fine dining establishments is one of the major elements in customers returning for more. They provide a wide range of delicious foods, including some you may have never heard of. Additionally, some of the food they serve is unavailable instantly elsewhere, such as freshly grated quality cheeses, crisp-tasting wines, a vast selection of beverages and flavors, and many others.

The home delivery service is expected to grow significantly due to the convenience offered. The same-hour delivery with the quickest possible services given by delivery partners drives the market for quick-service restaurants. 

Fast Food & Quick Service Restaurant Market (By Application)

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Fast Food & Quick Service Restaurant market, a segment based on the Application

The independent category held a dominant position in the market and was predicted to expand at the highest growth. The increase is attributed to these eateries providing fast food that focuses on regional preferences and cuisine. Independent fast-service restaurants are more popular with the general public since locals are much more used to regional cuisines. The shops are gaining popularity due to the local consumers as the regional consumers are more concerned with the dishes they regularly take. Hence, this segment is dominating the Fast Food & Quick Service Restaurant market.

Quick-service chains restaurant is anticipated to grow significantly throughout the forecasted period. The segment covers eateries with five or more identically named and categorized subsidiaries or branches. The most well-known international restaurant chains are Subway, McDonald’s, Starbucks, KFC, Burger King, Pizza Hut, Domino’s, Baskin-Robbins, Hunt Brothers Pizza, Dunkin’, Wendy’s, and Taco Bells. A key technique driving these restaurant chains’ worldwide success has been the menu adaptation based on the nations they have been entering.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 267.1 billion
Projected Market Size in 2030 USD 410.1 billion
CAGR Growth Rate 5.8% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Subway IP LLC, McDonald’s Corporation, Restaurant Brands International Inc., Yum! Brands Inc., The Wendy’s Company, Domino’s Pizza Inc., Burger King India Pvt. Ltd., Coffee Day Global Limited, Tata Starbucks Private Limited, Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.), and Others
Key Segment By Service Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Regional Insights

North America is expected to maintain its prominent position in the market for quick-service restaurants during the projected period. The market is developing as ready-to-eat meals gain popularity and consumers’ need for quick, inexpensive, fast food from quick-service restaurants increases in the region. By incorporating technical improvements into their product portfolios, major companies like Panasonic Corporation and Omnivex Corporation will assist the industry in expansion.

Increased expenditures would expand the market expansion across the area by businesses on R&D. The quick service restaurant and fast food sector has developed to consider the shifting demands of its consumers. The majority of fast-service restaurants include several more options, such as take-out, drive-thru, and home delivery, to sit-and-dine, which are perfect for the current lifestyle. This has also aided the restaurant industry in optimizing profits in the North American region.

In the future, the fast-service restaurant industry in Europe is anticipated to experience significant expansion. The market is expanding due to elements including the expansion of casual dining establishments, the addition of new food to the menu, and the addition of value meals by restaurateurs and fast-food chains.

To differentiate themselves from other fast-food concepts and support their market expansion, quick-service restaurants are preparing meals using organic and vegan components. Vegetarianism and veganism are influencing the modifications in the menu, in addition to healthy eating practices. Growing the number of plant-based items on the menu is a significant trend that, in addition to satisfying specialized client needs, aids in establishing a sustainability-focused reputation.

Fast Food & Quick Service Restaurant Market (trends by region)

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In the forthcoming years, Asia Pacific is expected to experience tremendous expansion. The market for quick service restaurants is driven by the expanding millennial population and rising demand for fast food. The growing popularity of online food ordering and the expanding partnerships between quick-service restaurants and various online meal delivery services have favorably impacted industry expansion. Rapid urbanization and expanding infrastructure are factors driving the demand for quick-service restaurants.

Key Players

  • Subway IP LLC
  • McDonald’s Corporation
  • Restaurant Brands International Inc.
  • Yum! Brands, Inc.
  • The Wendy’s Company
  • Domino’s Pizza, Inc.
  • Burger King India Pvt. Ltd.
  • Coffee Day Global Limited
  • Tata Starbucks Private Limited
  • Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.)

Key market developments in the Fast Food & Quick Service Restaurant market

One of the biggest quick service restaurants, Subway, chose the e-commerce firm Adyen as its payment partner for North America.

Segments covered in the report

By Service Type

  • Eat-in
  • Takeaway
  • Drive-Through
  • Home Delivery

By Application

  • Independent
  • Chain

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Fast Food & Quick Service Restaurant (QSR) Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Fast Food & Quick Service Restaurant (QSR) Market: snapshot
  • Chapter 3. Global Fast Food & Quick Service Restaurant (QSR) Market – Industry Analysis
    • 3.1 Fast Food & Quick Service Restaurant (QSR) Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increased Need For Self-Service Choices
      • 3.2.2 Need To Innovate The Customer Experience
      • 3.2.3 Rising Consumer Awareness
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Service Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Fast Food & Quick Service Restaurant (QSR) Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Fast Food & Quick Service Restaurant (QSR) Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Fast Food & Quick Service Restaurant (QSR) Market – Service Type Analysis
    • 5.1 Global Fast Food & Quick Service Restaurant (QSR) Market overview: By Service Type
      • 5.1.1 Global Fast Food & Quick Service Restaurant (QSR) Market share, By Service Type, 2021 and 2030
    • 5.2 Eat-in
      • 5.2.1 Global Fast Food & Quick Service Restaurant (QSR) Market by Eat-in, 2022 – 2030 (USD Billion)
    • 5.3 Takeaway
      • 5.3.1 Global Fast Food & Quick Service Restaurant (QSR) Market by Takeaway, 2022 – 2030 (USD Billion)
    • 5.4 Drive-Through
      • 5.4.1 Global Fast Food & Quick Service Restaurant (QSR) Market by Drive-Through, 2022 – 2030 (USD Billion)
    • 5.5 Home Delivery
      • 5.5.1 Global Fast Food & Quick Service Restaurant (QSR) Market by Home Delivery, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Fast Food & Quick Service Restaurant (QSR) Market – Application Analysis
    • 6.1 Global Fast Food & Quick Service Restaurant (QSR) Market overview: By Application
      • 6.1.1 Global Fast Food & Quick Service Restaurant (QSR) Market share, By Application, 2021 and 2030
    • 6.2 Independent
      • 6.2.1 Global Fast Food & Quick Service Restaurant (QSR) Market by Independent, 2022 – 2030 (USD Billion)
    • 6.3 Chain
      • 6.3.1 Global Fast Food & Quick Service Restaurant (QSR) Market by Chain, 2022 – 2030 (USD Billion)
  • Chapter 7. Fast Food & Quick Service Restaurant (QSR) Market – Regional Analysis
    • 7.1 Global Fast Food & Quick Service Restaurant (QSR) Market Regional Overview
    • 7.2 Global Fast Food & Quick Service Restaurant (QSR) Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Fast Food & Quick Service Restaurant (QSR) Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030
      • 7.4.1 North America Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030
      • 7.5.1 North America Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Fast Food & Quick Service Restaurant (QSR) Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030
      • 7.7.1 Europe Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030
      • 7.8.1 Europe Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030
      • 7.10.1 Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Fast Food & Quick Service Restaurant (QSR) Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030
      • 7.13.1 Latin America Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030
      • 7.14.1 Latin America Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, by Service Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Subway IP LLC
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 McDonald’s Corporation
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Restaurant Brands International Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Yum! Brands Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 The Wendy’s Company
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Domino’s Pizza Inc.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Burger King India Pvt. Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Coffee Day Global Limited
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Tata Starbucks Private Limited
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.)
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Fast Food & Quick Service Restaurant (QSR) Market attractiveness, By Service Type
  • 6. Global Fast Food & Quick Service Restaurant (QSR) Market attractiveness, By Application
  • 7. Global Fast Food & Quick Service Restaurant (QSR) Market share by Service Type, 2022 and 2030 (USD Billion)
  • 8. Global Fast Food & Quick Service Restaurant (QSR) Market by Eat-in, 2022 – 2030 (USD Billion)
  • 9. Global Fast Food & Quick Service Restaurant (QSR) Market by Takeaway, 2022 – 2030 (USD Billion)
  • 10. Global Fast Food & Quick Service Restaurant (QSR) Market by Drive-Through, 2022 – 2030 (USD Billion)
  • 11. Global Fast Food & Quick Service Restaurant (QSR) Market by Home Delivery, 2022 – 2030 (USD Billion)
  • 12. Global Fast Food & Quick Service Restaurant (QSR) Market share by Application, 2022 and 2030 (USD Billion)
  • 13. Global Fast Food & Quick Service Restaurant (QSR) Market by Independent, 2022 – 2030 (USD Billion)
  • 14. Global Fast Food & Quick Service Restaurant (QSR) Market by Chain, 2022 – 2030 (USD Billion)
  • 15. Global Fast Food & Quick Service Restaurant (QSR) Market share, by Region, 2022 and 2030
  • 16. North America Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
  • 17. Europe Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
  • 18. Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
  • 19. Latin America Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)
  • 20. The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Fast Food & Quick Service Restaurant (QSR) Market: Snapshot
  • 2. Drivers of the Fast Food & Quick Service Restaurant (QSR) Market: impact analysis
  • 3. North America Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 4. North America Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. U.S. Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 7. Canada Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 8. Canada Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. Europe Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 10. Europe Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 11. Germany Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 12. Germany Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 13. France Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 14. France Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 15. U.K. Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Italy Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 18. Italy Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 19. Spain Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 20. Spain Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 25. China Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 26. China Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 27. Japan Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 28. Japan Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. India Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 30. India Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 31. South Korea Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 37. Latin America Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 39. Brazil Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Mexico Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 49. South Africa Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Fast Food & Quick Service Restaurant (QSR) Market revenue, By Service Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Fast Food & Quick Service Restaurant (QSR) Market revenue, By Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • Subway IP LLC
  • McDonald’s Corporation
  • Restaurant Brands International Inc.
  • Yum! Brands, Inc.
  • The Wendy’s Company
  • Domino’s Pizza, Inc.
  • Burger King India Pvt. Ltd.
  • Coffee Day Global Limited
  • Tata Starbucks Private Limited
  • Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.)

FAQs

The “North America” region will lead the global Fast Food & Quick Service Restaurant market during the forecast period 2022 to 2030.

The key factors driving the market are the increased need for self-service choices, the need to innovate the customer experience, and rising consumer awareness.

The key players operating in the Fast Food & Quick Service Restaurant market are Subway IP LLC, McDonald’s Corporation, Restaurant Brands International Inc., Yum! Brands Inc., The Wendy’s Company, Domino’s Pizza Inc., Burger King India Pvt. Ltd., Coffee Day Global Limited, Tata Starbucks Private Limited, Westlife Development Ltd (Hardcastle Restaurants Pvt. Ltd.).

The global Fast Food & Quick Service Restaurant market is expanding growth with a CAGR of approximately 5.8% during the forecast period (2022 to 2030).

The global Fast Food & Quick Service Restaurant market size was valued at USD 267.1 billion in 2021 and it is projected to reach around USD 410.1 billion by 2030.

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