NEW YORK, March 02, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Quick Service Restaurants and Fast Food Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy to grasp full analysis. Quick Service Restaurants and Fast Food market research report is a demonstrated source of data and information that gives a telescopic view of the current market trends, situations, opportunities, and status. The report endows with the CAGR (compound annual growth rate) value fluctuations for the specific forecasted period which seems to be helpful in deciding costing and investment strategies. The market report is a specific study of the Quick Service Restaurants and Fast Food industry, which explains what the market definition, classifications, applications, engagements, and global industry trends are. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-embracing Quick Service Restaurants and Fast Food market research report.
Market information in the finest Quick Service Restaurants and Fast Food report analyses prime challenges faced by the Quick Service Restaurants and Fast Food industry currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time. The report gives full knowledge about the market and competitive landscape which aids with enhanced decision making, better manage marketing of goods and decide market goals for enhanced profitability. Global Quick Service Restaurants and Fast Food market research report also contains strategic profiling of major players in the market, meticulously analyzing their core competencies, and drawing a competitive landscape for the market.
Data Bridge Market Research analyses that the quick service restaurants and fast food market was valued at USD 302.86 billion in 2022 and is expected to reach USD 468.33 billion by 2030, registering a CAGR of 5.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Quick service restaurants (QSR) and fast food are those restaurant which provide certain food products that need minimum time for preparation and delivered by quick services. Normally, quick service restaurants deal with fast food products with a limited menu because they can be cooked in minimum time. These restaurants are known to have modular, standardized and efficient processes which aid them in dropping the lead times to fulfil the orders. Usage of technology and Preparation methodology are pillars of a quick service restaurant (QSR).
The fast food industry is growing at significant rate during the forecast period. Quick service restaurants and fast food restaurants have developed because these restaurants are the major provider of this mass-produced food, which has been attracting large number of people towards experiencing and their services. Good taste, convenience, and economical in terms of both money and time are some of the important factors which is acting in favor of the quick service restaurants and fast food market.
Fundamental Aim of Quick Service Restaurants and Fast Food Market Report
In the Quick Service Restaurants and Fast Food Industry, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing the Quick Service Restaurants and Fast Food market Size and growth rate.
- Major alterations to the Quick Service Restaurants and Fast Food Market in the near future.
- Notable Market rivals around the world.
- The Quick Service Restaurants and Fast Food Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
- Sales data and profiles of the world's leading Quick Service Restaurants and Fast Food market manufacturers
Recent Development
- In 2021, Starbucks and Nestlé declared a new collaboration to get Starbucks Ready-to-Drink (RTD) coffee beverages to target markets across Oceania, Southeast Asia and Latin America. Starbucks and Nestlé are expected to focus on the most popular RTD products, such as Starbucks Doubleshot and Starbucks Frappuccino and will continue to grow a strong innovation pipeline.
The Quick Service Restaurants and Fast Food Market is Dominated by Firms Such as
- Jack in the Box (U.S.)
- Chipotle Mexican Grill (U.S.)
- Kotipizza Group Oyj (Finland)
- Restaurant Brands International Inc (Canada)
- Del Taco Restaurants, Inc. (U.S.)
- Ark Restaurants Corp. (U.S.)
- McDonald's (U.S.)
- Darden Concepts, Inc. (U.S.)
- Pizza Hut India (India)
- Carrols Restaurant Group, Inc., (U.S.)
- Burger King Corporation (U.S.)
- Subway IP LLC (U.S.)
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The investment made in the study would provide you access to information such as:
- Quick Service Restaurants and Fast Food Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Quick Service Restaurants and Fast Food Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
Opportunities for Key Players:
- Increasing adoption of advanced technology in restaurants
Technology has also played an important role in supporting the growth of the market. Self-order kiosks, touchscreen point of sales terminals and kitchen-display screens are among numerous other technologies that assist in restructuring the industries operations. Deployment of self-order kiosks has been growing in number in numerous restaurants. These aid in meeting diners’ expectations through easy-to-use interfaces and top-notch digital experience. Moreover, this advanced technology gives customer an easy and quick opportunity to be selective about their orders by allowing several customizations and reviews. Besides supporting the customers, the kiosks also help in growing the average check size and order volume.
Key Market Segments Covered in Quick Service Restaurants and Fast Food Industry Research
Type
- Chain
- Independent
Cuisine
- America
- Chinese
- Italian
- Mexican
- Japanese
- Turkish and Lebanese
- Others
Product Type
- Burger and Sandwiches
- Pizzas and Pastas
- Drinks and Desserts
- Chicken and Seafood
- Others
Service Type
- Online Service
- Offline Service
Browse Detailed Summary of Research Report @ https://www.databridgemarketresearch.com/reports/global-quick-service-restaurants-and-fast-food-market
Key Growth Drivers:
- Rising popularity of American cuisine
The restaurants which is offering American cuisine serves variety of frozen dairy desserts, wraps, doughnuts, burgers, pop-corns, fries, toasts, nuggets, potato wedges, chicken fries, corn dogs, chicken fingers, sandwiches, sliders, coleslaw, cinnamon rolls, muffins, biscuits, cakes and sweet flavored drinks. The industrial process, development of franchises, fast-paced lifestyle, and efficiency in production are some of the major factors which is playing an important role in broadening the scope of American cuisine. This will help the Quick service restaurants (QSR) and fast food market to grow.
- Increasing addition of healthy food in joints and restaurants
The traditional view of quick service restaurants (QSR) serving greasy, unhealthy food such as burgers and fried chicken is changing now. Most chains are interested in adapting to those market which is more conscious about their health than also about maintaining a healthy lifestyle. This can be seen in the development of healthier options such as Subway and how companies such as McDonalds have adapted their menu by providing Deli wraps and salads alongside the traditional fries and burger.
Quick Service Restaurants and Fast Food Market Regional Analysis/Insights:
The countries covered in the quick service restaurants and fast food market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the quick service restaurants and fast food market in terms of revenue and market share. This is mainly due to the availability of different types of fast food and huge consumption of fast food in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the changing lifestyle of the consumers in this region.
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Quick Service Restaurants and Fast Food Market: Regulations
- Market Overview
- Global Quick Service Restaurants and Fast Food Market, By Type
- Global Quick Service Restaurants and Fast Food Market, By Product Type
- Global Quick Service Restaurants and Fast Food Market, By Service Type
- Global Quick Service Restaurants and Fast Food Market, By Region
- Global Quick Service Restaurants and Fast Food Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-quick-service-restaurants-and-fast-food-market
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