Report Code: CMI29213

Published Date: August 2023

Pages: 220+

Category: Food & Beverages

Report Snapshot

CAGR: 5.2%
267.19B
2022
272.54B
2023
320.7B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Quality Is Our Recipe LLC
  • Carrols Restaurant Group Inc
  • Yum! Brands
  • Darden Concepts Inc
  • McDonald’s
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Quick Service Restaurant Market is expected to record a CAGR of 5.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 267.19 billion. By 2032, the valuation is anticipated to reach USD 320.7 Billion.

A food and quick service restaurant (QSR) encompasses an informal dining concept where pre-prepared fast food is assembled and promptly served to patrons. These establishments typically present a concise menu, offering cuisine that is prepared beforehand in larger quantities.

This food is then reheated and packaged for on-the-go takeaway or in-house dining. QSRs provide an array of budget-friendly fare and beverages, including items like burgers, sandwiches, pizzas, pasta, soft and alcoholic beverages, confections, cakes, pastries, chicken, seafood, and more, often taking inspiration from local ingredients and culinary traditions.

Additionally, these eateries often operate under established restaurant chains or franchise systems, where standardized ingredients or partially prepared foods are supplied to them through controlled distribution networks.

Quick Service Restaurant Market – Significant Growth Factors

  • Fast-Paced Lifestyle: The hectic lifestyles of consumers today drive the demand for quick and convenient dining options, making QSRs a preferred choice for those seeking prompt meals.
  • Time Efficiency: QSRs offer efficient service, allowing customers to order, receive, and consume their meals rapidly, catering to busy schedules and limited time windows.
  • Convenient Accessibility: The strategic placement of QSR outlets in high-traffic locations, such as shopping malls, transportation hubs, and urban centers, ensures easy access for consumers.
  • Variety and Customization: QSRs often provide a wide range of menu options, allowing customers to customize their orders to suit individual preferences, dietary restrictions, and cravings.
  • Affordability: QSRs offer cost-effective dining options, making them attractive to price-conscious consumers, especially in challenging economic times.
  • Diverse Menu Offerings: The inclusion of diverse menu items, including international flavors and local specialties, appeals to a broad customer base with varying tastes.
  • Digital Transformation: The adoption of digital ordering platforms, mobile apps, and online delivery services enhances customer convenience and accessibility, contributing to market growth.
  • Emergence of Health-Consciousness: Health-conscious consumers seek QSRs that offer nutritious menu choices, prompting the inclusion of healthier options and ingredient transparency.
  • On-the-Go Lifestyle: QSRs cater to the on-the-go lifestyle of consumers by providing easily portable meals, making them ideal for consumption at work, while commuting, or during leisure activities.
  • Youth Demographics: The popularity of QSRs is driven by the preferences of younger generations who prioritize convenience, novelty, and engaging dining experiences.
  • Globalization of Cuisine: QSRs often incorporate globally inspired flavors and dishes, allowing customers to explore diverse culinary offerings without the need for elaborate dining experiences.
  • Franchise and Chain Expansion: The growth of QSR chains and franchises expands their market presence, offering consistent experiences across different locations and appealing to brand loyalists.
  • Cultural and Demographic Shifts: Changing family structures, increased urbanization, and evolving dining habits influence the demand for quick and flexible dining options.
  • Innovation and Limited-Time Offer: Frequent introduction of innovative menu items and limited-time promotions pique consumer interest and encourage repeat visits.
  • Social Media Influence: Social media platforms play a pivotal role in promoting QSRs, allowing them to reach a wider audience and showcase their offerings creatively.

Quick Service Restaurant Market – Mergers and Acquisitions

  • McDonald’s Corporation – Chipotle Mexican Grill: McDonald’s acquired a stake in Chipotle Mexican Grill in 1998 and later fully divested its interest. This move allowed Chipotle to operate independently, leading to its growth as a prominent fast-casual restaurant chain.
  • Restaurant Brands International – Tim Hortons and Burger King: The merger of Tim Hortons and Burger King in 2014 resulted in the formation of Restaurant Brands International (RBI). This combined entity leveraged synergies to expand globally and strengthen its market presence.
  • Yum! Brands – Taco Bell: Yum! Brands, the parent company of KFC and Pizza Hut, acquired Taco Bell in 1997. This acquisition diversified Yum! Brands’ portfolio and expanded its offerings in the Mexican-inspired fast food segment.
  • JAB Holding Company – Panera Bread: JAB Holding Company acquired Panera Bread in 2017, allowing the bakery-café chain to further its growth plans while benefiting from JAB’s expertise in the food and beverage sector.
  • Inspire Brands – Arby’s Restaurant Group and Sonic Drive-In: Inspire Brands, the parent company of Arby’s, acquired Sonic Drive-In in 2018. This acquisition broadened Inspire Brands’ portfolio and expanded its footprint in the fast-food industry.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Quick Service Restaurant Market Fast Food & Quick Service Restaurant (QSR) Market US Fast Food & Quick Service Restaurant (QSR) Market
CAGR 5.2% (Approx) CAGR 5.8% (Approx) CAGR 5.60% (Approx)
USD 320.7 Billion by 2032 USD 410.1 Billion by 2030 USD 454.3 Billion by 2030

Quick Service Restaurant Market – Significant Threats

  • Health and Nutrition Concerns: Increasing awareness of health and nutrition has led to concerns about the nutritional content of fast food offerings. Consumers’ growing preference for healthier options poses a threat to QSRs that predominantly offer calorie-dense and less nutritious menu items.
  • Competition from Health-Conscious Alternatives: The rise of health-focused alternatives, such as salad bars, smoothie shops, and organic eateries, may divert consumers away from traditional QSRs offering less health-conscious choices.
  • Changing Consumer Preferences: Evolving consumer tastes and preferences may shift away from traditional fast food options, impacting QSRs that fail to adapt their menus and offerings to changing demands.
  • Food Safety and Quality Assurance: Incidents related to food safety and quality can harm a QSR’s reputation and lead to legal and financial repercussions, impacting consumer trust and loyalty.
  • Rising Labor Costs: Increasing minimum wages and labor costs can squeeze profit margins for QSRs, especially those with low-price business models. This may lead to higher prices for consumers or cost-cutting measures that affect service quality.
  • Online Food Delivery Services: The popularity of online food delivery platforms has led to a rise in third-party delivery services. While it provides convenience, it also poses challenges such as high commission fees, potential quality issues during delivery, and increased competition.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 272.54 Billion
Projected Market Size in 2032 USD 320.7 Billion
Market Size in 2022 USD 267.19 Billion
CAGR Growth Rate 5.2% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Cuisine 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 fulfil your requirements for research.

Category-Wise Insights

By Type:

In 2022, the Independent Fast Food and Quick Service Restaurant segment commanded a dominant position, contributing to over 67.0% of the global revenue share. Within this category, establishments with four or fewer branches or subsidiaries under the same name and type held sway.

This growth can be attributed to these restaurants’ ability to cater to fast food offerings that resonate closely with local tastes and culinary preferences. The inclusion of local flavors creates a sense of familiarity among the local population, leading to broader acceptance and popularity among the general public.

An example of this trend can be observed in Dish Society, a fast-food restaurant based in Houston. Operating through two units, Dish Society specializes in offering a range of delectable items, including toasts, tacos, sandwiches, salads, crackers, cakes, cookies, and biscuits.

The restaurant’s focus centers on delivering these meals at a more accessible price point, making quality fast food options available to a broader audience.

By Cuisine:

In 2022, American cuisine emerged as the frontrunner, commanding a significant share of over 26.0% in the global revenue landscape. Within this category, restaurants offer a diverse array of menu items such as burgers, popcorn, fries, frozen dairy desserts, wraps, doughnuts, toasts, nuggets, sandwiches, sliders, coleslaw, potato wedges, chicken fries, corn dogs, chicken fingers, cinnamon rolls, biscuits, cakes, muffins, and sweet-flavoured beverages took the lead.

Several factors contribute to the substantial scope of American cuisine. The industrialized food production process, coupled with the demands of a fast-paced lifestyle, has paved the way for the popularity of this cuisine. The evolution of franchises and the efficiency in food production have also played pivotal roles in elevating the prominence of American culinary offerings.

Global Quick Service Restaurant Market 2023–2032 (By Billion)

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Quick Service Restaurant Market – Regional Analysis

  • North America: North America holds a significant share of the QSR Market due to its well-established fast food culture, widespread presence of QSR chains, and busy lifestyles. The region is a hub for burger joints, pizza outlets, and coffee chains.
  • Europe: Europe showcases a diverse QSR landscape influenced by a rich culinary heritage. The prevalence of traditional bakeries, cafés, and international QSR chains contributes to the market’s growth. Health-conscious options and local flavors are gaining traction.
  • Asia-Pacific: The Asia-Pacific region is witnessing robust growth in the QSR Market due to urbanization, a burgeoning middle class, and changing dietary habits. The region’s diverse cuisines, coupled with the adoption of global QSR brands, fuel market expansion.
  • Latin America: Latin America exhibits a mix of traditional eateries and international QSR chains. Local ingredients, spices, and flavors play a significant role in shaping the QSR offerings in the region. Street food culture also contributes to the market’s vibrancy.
  • Middle East and Africa: The Middle East and Africa showcase a blend of local flavors and international QSR chains. Traditional dishes and fast food options coexist, with some QSRs adapting their menus to cater to regional tastes.

Global Quick Service Restaurant Market 2023–2032 (By Type)

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List of the prominent players in the Quick Service Restaurant Market:

  • Quality Is Our Recipe LLC
  • Carrols Restaurant Group Inc
  • Yum! Brands
  • Darden Concepts Inc
  • McDonald’s
  • Ark Restaurant Corp
  • DEL TACO RESTAURANT INC
  • Restaurant Brands International Inc
  • Kotipizza Group Oyj
  • Chipotle Mexican Grill
  • DD IP Holder LLC
  • JACK IN THE BOX INC
  • Others

The Quick Service Restaurant Market is segmented as follows:

By Type

  • Chain
  • Independent

By Cuisine

  • American
  • Chinese
  • Italian
  • Mexican
  • Japanese
  • Turkish & Lebanese
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • 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 Quick Service Restaurant Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Quick Service Restaurant Market : snapshot
  • Chapter 3. Global Quick Service Restaurant Market – Industry Analysis
    • 3.1 Quick Service Restaurant Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Fast-Paced Lifestyle
      • 3.2.2 Time Efficiency
      • 3.2.3 Convenient Accessibility
      • 3.2.4 Variety and Customization
      • 3.2.5 Affordability
      • 3.2.6 Diverse Menu Offerings
      • 3.2.7 Digital Transformation
      • 3.2.8 On-the-Go Lifestyle
      • 3.2.9 Youth Demographics
      • 3.2.10 Globalization of Cuisine
      • 3.2.11 Franchise and Chain Expansion
      • 3.2.12 Cultural and Demographic Shifts
      • 3.2.13 Innovation and Limited-Time Offers
      • 3.2.14 Social Media Influence.
    • 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 Type
      • 3.7.2 Market attractiveness analysis By Cuisine
  • Chapter 4. Global Quick Service Restaurant Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Quick Service Restaurant Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Quick Service Restaurant Market – Type Analysis
    • 5.1 Global Quick Service Restaurant Market overview: By Type
      • 5.1.1 Global Quick Service Restaurant Market share, By Type , 2022 and – 2033
    • 5.2 Chain
      • 5.2.1 Global Quick Service Restaurant Market by Chain, 2024 – 2033 (USD Billion)
    • 5.3 Independent
      • 5.3.1 Global Quick Service Restaurant Market by Independent, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Quick Service Restaurant Market – Cuisine Analysis
    • 6.1 Global Quick Service Restaurant Market overview: By Cuisine
      • 6.1.1 Global Quick Service Restaurant Market share, By Cuisine , 2022 and – 2033
    • 6.2 American
      • 6.2.1 Global Quick Service Restaurant Market by American, 2024 – 2033 (USD Billion)
    • 6.3 Chinese
      • 6.3.1 Global Quick Service Restaurant Market by Chinese, 2024 – 2033 (USD Billion)
    • 6.4 Italian
      • 6.4.1 Global Quick Service Restaurant Market by Italian, 2024 – 2033 (USD Billion)
    • 6.5 Mexican
      • 6.5.1 Global Quick Service Restaurant Market by Mexican, 2024 – 2033 (USD Billion)
    • 6.6 Japanese
      • 6.6.1 Global Quick Service Restaurant Market by Japanese, 2024 – 2033 (USD Billion)
    • 6.7 Turkish & Lebanese
      • 6.7.1 Global Quick Service Restaurant Market by Turkish & Lebanese, 2024 – 2033 (USD Billion)
    • 6.8 Others
      • 6.8.1 Global Quick Service Restaurant Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Quick Service Restaurant Market – Regional Analysis
    • 7.1 Global Quick Service Restaurant Market Regional Overview
    • 7.2 Global Quick Service Restaurant Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Quick Service Restaurant Market, 2024 – 2033 (USD Billion)
        • 7.3.1.1 North America Quick Service Restaurant Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Quick Service Restaurant Market, by Type , 2024 – 2033
      • 7.4.1 North America Quick Service Restaurant Market, by Type , 2024 – 2033 (USD Billion)
    • 7.5 North America Quick Service Restaurant Market, by Cuisine , 2024 – 2033
      • 7.5.1 North America Quick Service Restaurant Market, by Cuisine , 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Quick Service Restaurant Market, 2024 – 2033 (USD Billion)
        • 7.6.1.1 Europe Quick Service Restaurant Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Quick Service Restaurant Market, by Type , 2024 – 2033
      • 7.7.1 Europe Quick Service Restaurant Market, by Type , 2024 – 2033 (USD Billion)
    • 7.8 Europe Quick Service Restaurant Market, by Cuisine , 2024 – 2033
      • 7.8.1 Europe Quick Service Restaurant Market, by Cuisine , 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Quick Service Restaurant Market, 2024 – 2033 (USD Billion)
        • 7.9.1.1 Asia Pacific Quick Service Restaurant Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Quick Service Restaurant Market, by Type , 2024 – 2033
      • 7.10.1 Asia Pacific Quick Service Restaurant Market, by Type , 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Quick Service Restaurant Market, by Cuisine , 2024 – 2033
      • 7.11.1 Asia Pacific Quick Service Restaurant Market, by Cuisine , 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Quick Service Restaurant Market, 2024 – 2033 (USD Billion)
        • 7.12.1.1 Latin America Quick Service Restaurant Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Quick Service Restaurant Market, by Type , 2024 – 2033
      • 7.13.1 Latin America Quick Service Restaurant Market, by Type , 2024 – 2033 (USD Billion)
    • 7.14 Latin America Quick Service Restaurant Market, by Cuisine , 2024 – 2033
      • 7.14.1 Latin America Quick Service Restaurant Market, by Cuisine , 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Quick Service Restaurant Market, 2024 – 2033 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Quick Service Restaurant Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Quick Service Restaurant Market, by Type , 2024 – 2033
      • 7.16.1 The Middle-East and Africa Quick Service Restaurant Market, by Type , 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Quick Service Restaurant Market, by Cuisine , 2024 – 2033
      • 7.17.1 The Middle-East and Africa Quick Service Restaurant Market, by Cuisine , 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Quality Is Our Recipe 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 Carrols Restaurant Group Inc
      • 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 Yum! Brands
      • 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 Darden Concepts 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 McDonald’s
      • 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 Ark Restaurant Corp
      • 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 DEL TACO RESTAURANT INC
      • 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 Restaurant Brands International Inc
      • 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 Kotipizza Group Oyj
      • 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 Chipotle Mexican Grill
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 DD IP Holder LLC
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 JACK IN THE BOX INC
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Others.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
List Of Figures

Figures No 1 to 23

List Of Tables

Tables No 1 to 52

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 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, 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

Prominent Players

  • Quality Is Our Recipe LLC
  • Carrols Restaurant Group Inc
  • Yum! Brands
  • Darden Concepts Inc
  • McDonald’s
  • Ark Restaurant Corp
  • DEL TACO RESTAURANT INC
  • Restaurant Brands International Inc
  • Kotipizza Group Oyj
  • Chipotle Mexican Grill
  • DD IP Holder LLC
  • JACK IN THE BOX INC
  • Others

FAQs

The key factors driving the Market are Fast-Paced Lifestyle, Time Efficiency, Convenient Accessibility, Variety and Customization, Affordability, Diverse Menu Offerings, Digital Transformation, On-the-Go Lifestyle, Youth Demographics, Globalization of Cuisine, Franchise and Chain Expansion, Cultural and Demographic Shifts, Innovation and Limited-Time Offers And Social Media Influence.

The “Cuisine” category dominated the market in 2022.

The key players in the market are Quality Is Our Recipe LLC, Carrols Restaurant Group Inc, Yum! Brands, Darden Concepts Inc, McDonald’s, Ark Restaurant Corp, DEL TACO RESTAURANT INC, Restaurant Brands International Inc, Kotipizza Group Oyj, Chipotle Mexican Grill, DD IP Holder LLC, JACK IN THE BOX INC, Others.

“North America” had the largest share in the Quick Service Restaurant Market.

The global market is projected to grow at a CAGR of 5.2% during the forecast period, 2023-2032.

The Quick Service Restaurant Market size was valued at USD 267.19 Billion in 2022.

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