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Fast Food and Quick Service Restaurant Market Report by Business Model (Independent, Chain and Franchise), Cuisine (American, Chinese, Italian, Mexican, Japanese, Turkish and Lebanese, and Others), Product Type (Burger and Sandwiches, Pizzas and Pastas, Drinks and Desserts, Chicken and Seafood, and Others), Service Type (Online Service, Offline Service), and Region 2024-2032
Market Report I 2024-03-02 I 141 Pages I IMARC Group
The global fast food and quick service restaurant market size reached US$ 255.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 370.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
A food and quick service restaurant (QSR) refers to a casual dining setup, in which pre-prepared fast food is assembled and served to the customers. These outlets usually offer a limited menu and the food is prepared in advance in bulk quantities, which is further heated and packaged for take away or dine-in. They provide a wide variety of economical foods and beverages, such as burgers, sandwiches, pizzas, pastas, soft and alcoholic drinks, desserts, cakes, pastries, chicken, seafood, etc., and which are inspired by the local ingredients and cuisine. Apart from this, these restaurants are usually a part of an existing restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods to the restaurants through controlled supply channels.
Significant growth in the food and beverage industry, along with the widespread adoption of franchise business models by popular restaurant chains, is one of the key factors creating a positive outlook for the market. Furthermore, the increasing working population and improving consumer lifestyles across the globe have enhanced the consumption of fast food products. Also, due to the hectic schedules, there is widespread adoption of on-the-go food products that can be readily purchased and consumed while traveling. This, consequently, is creating a positive outlook for the market. Additionally, the emerging cafe culture, coupled with the availability of healthier fast food alternatives, is acting as another growth-inducing factor. QSRs are developing innovative and exotic recipes using natural, organic and plant-based ingredients, instead of artificial and processed substitutes, and are gaining immense traction among health-conscious consumers. Other factors, including modernization and digitization of the restaurants, coupled with the utilization of touchscreen kiosks, kitchen-display screens and digital sales terminal, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fast food and quick service restaurant market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on business model, cuisine, product type and service type.
Breakup by Business Model:
Independent
Chain and Franchise
Breakup by Cuisine:
American
Chinese
Italian
Mexican
Japanese
Turkish and Lebanese
Others
Breakup by Product Type:
Burger and Sandwiches
Pizzas and Pastas
Drinks and Desserts
Chicken and Seafood
Others
Breakup by Service Type:
Online Service
Offline Service
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Ark Restaurants Corp., Carrols Restaurant Group Inc., Chipotle Mexican Grill Inc., Del Taco Restaurants Inc., Jack in The Box Inc., Kotipizza Group Oyj (Orkla ASA), McDonald's Corporation, Restaurant Brands International Inc., The Wendy's Company and Yum Brands Inc.
Key Questions Answered in This Report
1. What was the size of the global fast food and quick service restaurant market in 2023?
2. What is the expected growth rate of the global fast food and quick service restaurant market during 2024-2032?
3. What has been the impact of COVID-19 on the global fast food and quick service restaurant market?
4. What are the key factors driving the global fast food and quick service restaurant market?
5. What is the breakup of the global fast food and quick service restaurant market based on the business model?
6. What is the breakup of the global fast food and quick service restaurant market based on cuisine?
7. What is the breakup of the global fast food and quick service restaurant market based on the product type?
8. What is the breakup of the global fast food and quick service restaurant market based on the service type?
9. What are the key regions in the global fast food and quick service restaurant market?
10. Who are the key players/companies in the global fast food and quick service restaurant market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fast Food and Quick Service Restaurant Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Business Model
6.1 Independent
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Chain and Franchise
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Cuisine
7.1 American
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Chinese
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Italian
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Mexican
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Japanese
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Turkish and Lebanese
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Product Type
8.1 Burgers and Sandwiches
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pizzas and Pastas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Drinks and Desserts
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Chicken and Seafood
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Service Type
9.1 Online Service
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Offline Service
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Ark Restaurants Corp.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Carrols Restaurant Group Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Chipotle Mexican Grill Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Del Taco Restaurants Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Jack in The Box Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Kotipizza Group Oyj (Orkla ASA)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 McDonald's Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Restaurant Brands International Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 The Wendy's Company
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Yum Brands Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
Figure 1: Global: Fast Food and Quick Service Restaurant Market: Major Drivers and Challenges
Figure 2: Global: Fast Food and Quick Service Restaurant Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Fast Food and Quick Service Restaurant Market: Breakup by Business Model (in %), 2023
Figure 4: Global: Fast Food and Quick Service Restaurant Market: Breakup by Cuisine (in %), 2023
Figure 5: Global: Fast Food and Quick Service Restaurant Market: Breakup by Product Type (in %), 2023
Figure 6: Global: Fast Food and Quick Service Restaurant Market: Breakup by Service Type (in %), 2023
Figure 7: Global: Fast Food and Quick Service Restaurant Market: Breakup by Region (in %), 2023
Figure 8: Global: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Fast Food and Quick Service Restaurant (Independent) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Fast Food and Quick Service Restaurant (Independent) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Fast Food and Quick Service Restaurant (Chain and Franchise) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Fast Food and Quick Service Restaurant (Chain and Franchise) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Fast Food and Quick Service Restaurant (American) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Fast Food and Quick Service Restaurant (American) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Fast Food and Quick Service Restaurant (Chinese) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Fast Food and Quick Service Restaurant (Chinese) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Fast Food and Quick Service Restaurant (Italian) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Fast Food and Quick Service Restaurant (Italian) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Fast Food and Quick Service Restaurant (Mexican) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Fast Food and Quick Service Restaurant (Mexican) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Fast Food and Quick Service Restaurant (Japanese) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Fast Food and Quick Service Restaurant (Japanese) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Fast Food and Quick Service Restaurant (Turkish and Lebanese) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Fast Food and Quick Service Restaurant (Turkish and Lebanese) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Fast Food and Quick Service Restaurant (Other Cuisines) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Fast Food and Quick Service Restaurant (Other Cuisines) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Fast Food and Quick Service Restaurant (Burgers and Sandwiches) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Fast Food and Quick Service Restaurant (Burgers and Sandwiches) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Fast Food and Quick Service Restaurant (Pizzas and Pastas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Fast Food and Quick Service Restaurant (Pizzas and Pastas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Fast Food and Quick Service Restaurant (Drinks and Desserts) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Fast Food and Quick Service Restaurant (Drinks and Desserts) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Fast Food and Quick Service Restaurant (Chicken and Seafood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Fast Food and Quick Service Restaurant (Chicken and Seafood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Fast Food and Quick Service Restaurant (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Fast Food and Quick Service Restaurant (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Fast Food and Quick Service Restaurant (Online Service) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Fast Food and Quick Service Restaurant (Online Service) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Fast Food and Quick Service Restaurant (Offline Service) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Fast Food and Quick Service Restaurant (Offline Service) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: North America: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: North America: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United States: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United States: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Canada: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Canada: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Asia Pacific: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Asia Pacific: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: China: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: China: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Japan: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Japan: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: India: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: India: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: South Korea: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: South Korea: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Australia: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Australia: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Indonesia: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Indonesia: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Europe: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Europe: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Germany: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Germany: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: France: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: France: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: United Kingdom: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: United Kingdom: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Italy: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Italy: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Spain: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Spain: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Russia: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Russia: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Latin America: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Latin America: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Brazil: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Brazil: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Mexico: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Mexico: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Others: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Others: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Middle East and Africa: Fast Food and Quick Service Restaurant Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Middle East and Africa: Fast Food and Quick Service Restaurant Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Global: Fast Food and Quick Service Restaurant Industry: SWOT Analysis
Figure 90: Global: Fast Food and Quick Service Restaurant Industry: Value Chain Analysis
Figure 91: Global: Fast Food and Quick Service Restaurant Industry: Porters Five Forces Analysis
Table 1: Global: Fast Food and Quick Service Restaurant Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Fast Food and Quick Service Restaurant Market Forecast: Breakup by Business Model (in Million US$), 2024-2032
Table 3: Global: Fast Food and Quick Service Restaurant Market Forecast: Breakup by Cuisine (in Million US$), 2024-2032
Table 4: Global: Fast Food and Quick Service Restaurant Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 5: Global: Fast Food and Quick Service Restaurant Market Forecast: Breakup by Service Type (in Million US$), 2024-2032
Table 6: Global: Fast Food and Quick Service Restaurant Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Fast Food and Quick Service Restaurant Market Structure
Table 8: Global: Fast Food and Quick Service Restaurant Market: Key Players
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