Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Fast Food and Quick Service Restaurant Market Report by Business Model, Cuisine, Product Type, Service Type, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global fast food and quick service restaurant market size reached US$ 255.4 Billion in 2023 and is forecast to reach US$ 370.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2023-2032. 
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.
Companies Featured
- 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 Market Segmentation:
The report 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.
The 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
Key Questions Answered in This Report
- What was the size of the global fast food and quick service restaurant market in 2023?
- What is the expected growth rate of the global fast food and quick service restaurant market during 2024-2032?
- What has been the impact of COVID-19 on the global fast food and quick service restaurant market?
- What are the key factors driving the global fast food and quick service restaurant market?
- What is the breakup of the global fast food and quick service restaurant market based on the business model?
- What is the breakup of the global fast food and quick service restaurant market based on cuisine?
- What is the breakup of the global fast food and quick service restaurant market based on the product type?
- What is the breakup of the global fast food and quick service restaurant market based on the service type?
- What are the key regions in the global fast food and quick service restaurant market?
- Who are the key players/companies in the global fast food and quick service restaurant market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 141 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $255.4 Billion |
| Forecasted Market Value (USD) by 2032 | $370.8 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/n6zno8
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