Global Fast Food & Quick Service Restaurant (QSR) Market Size/Share Worth USD 410.1 Billion by 2030 at a 5.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Fast Food & Quick Service Restaurant (QSR) Market size & share revenue was valued at approximately USD 267.1 Billion in 2021 and is expected to reach USD 283.85 billion in 2022 and is expected to reach around USD 410.1 Billion by 2030, at a CAGR of 5.8% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies 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.), and others.

Austin, TX, USA


Sandy, Utah, USA, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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” in its research database.

“According to the latest research study, the demand for global Fast Food & Quick Service Restaurant Market size & share was valued at approximately USD 267.1 Billion in 2021 and is expected to reach USD 283.85billion in 2022 and is expected to reach a value of around USD 410.1 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.8% during the forecast period 2022 to 2030.”

In a Fast Food & Quick Service Restaurant, customers pay at the counter before receiving their meal. To meet the needs of teenagers and working adults, QSRs provide both fast food options and small table services. 

The business models of quick service restaurants have developed to consider their patrons’ shifting requirements. In addition to offering sit-and-dine, most fast-service restaurants also provide a wide range of other services ideal for the modern lifestyle, such as drive-thru, takeout, and home delivery.

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Fast food consumption has grown as consumer lifestyles worldwide have improved, and the working population has expanded. Additionally, due to busy schedules, on-the-go food options that are simple to buy and consume while travelling are growing in popularity. Another element driving development is the burgeoning café culture and the accessibility of healthier fast-food choices. QSRs create inventive and exotic meals with natural, organic, and plant-based ingredients instead of artificial and processed alternatives to appeal to health-conscious customers. Moreover, most fast-food businesses are now required to develop healthier food due to health concerns over rising fast-food consumption. Most businesses have started altering their menus and recipes to develop healthier fast-food choices.

The dominance of fruits and vegetables over processed meat, which is seen as unhealthy, can be seen in many fast-food dishes. Vegetarianism and veganism are also influencing the modifications in the menu, in addition to healthy eating practices.

(A free sample of the Fast Food & Quick Service Restaurant (QSR) report is available upon request; please contact us for more information.)


Our Free Sample Report Consists of the following:

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  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
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  • Custom Market Insights (CMI) research methodology

(Please note that the Fast Food & Quick Service Restaurant (QSR) report sample has been modified to include the COVID-19 impact study before delivery.)

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Market dynamics

 Drivers

The quick service restaurant sector’s business model has developed to consider its guests’ shifting requirements. Along with sit-and-dine options, most fast-service restaurants also provide a wide range of other services that are perfect for the modern lifestyle, such as takeout, drive-thru, and home delivery.

The restaurant industry has also benefited from this in terms of maximizing gains. Third-party delivery services like DoorDash, Foodler, and Grubhub, who have also extended the courtesy of serving meals at odd hours, have fueled the delivery craze. As a result, consumers who choose to eat at home help the fast food and quick service restaurant industries generate a sizable income. The market for quick-service restaurants is expanding rapidly due to the rise in customer consumption of fast food and ready-to-eat meals. Due to their fast-paced lifestyles, the working population, in particular, has increased their consumption of convenience food, which has helped the market for quick-service restaurants flourish.

The huge increase in fast food chain expansion, particularly in emerging markets, has also contributed to the market’s expansion. Quick-service restaurants are developing innovative culinary ideas to attract customers, including fusion cuisines, vegan fast meals, etc. This is helping the industry thrive.

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The increasing eating-out trend mostly drives the market expansion of fast-service restaurants and less time spent cooking. Increased investments in the infrastructure of expressways and airports for the benefit of consumers have created new possibilities for a variety of quick-service eateries to set up shop. Many quick-service restaurants have started offering door-to-door delivery services due to consumers’ rising propensity to buy meals online, which has fueled the industry’s expansion.

The market for quick service restaurants has been favourably impacted by consumers’ increased desire for fast meals. The millennial generation’s increased consumption of ready-to-eat meals has contributed to the market’s expansion. The younger generation’s rising preference for mingling at cafes has fueled the quick-service restaurant industry’s global expansion. 

The rising usage of plant-based foods on menus is a noticeable trend that satisfies specific consumer demands and helps to project a sustainability-focused image. These drivers are helping the quick service restaurant market to grow in the projected period.

Key questions answered in this report:

  • What is the size of the Fast Food & Quick Service Restaurant (QSR) market and what is its expected growth rate?
  • What primary driving factors push the Fast Food & Quick Service Restaurant (QSR) market forward?
  • What are the top companies of the Fast Food & Quick Service Restaurant (QSR) Industry?
  • What categories do the Fast Food & Quick Service Restaurant (QSR) Market cater to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Fast Food & Quick Service Restaurant (QSR) market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Restraints

 The decline in food quality caused by quick service restaurants’ failure to follow best practices has hurt the market’s expansion. The expansion of many small and mid-sized firms in emerging economies is constrained by a lack of proper infrastructure and technological capabilities, which results in the delivery of subpar food to customers. 

 Opportunities

 A growing international expansion of Turkish and Lebanese fast-food restaurants has been made possible by the cuisine’s rising appeal. The outspread of new tastes and flavor through quick-service restaurants are driving new opportunities in the market. 

 Challenges

 Due to the numerous government permissions needed, opening restaurants is sometimes extremely time-consuming and exhausting. In addition, a key issue for quick food service suppliers is a shortage of competent labour, particularly in small cities and villages.  

 Report Highlights

Based on service type, the eat-in segment is the leading segment and is expected to make the largest contribution to the Fast Food & Quick Service Restaurant QSR Market. Consumers love to spend time in food outlets. They prefer to have good taste. Due to the restaurant’s ability to offer the best possible service, cuisine, and environment, dine-in visits typically result in the most favourable visitor experiences. Unlike takeout or delivery orders, owners and managers may resolve problems during a customer’s meal in real time.  

Based on application, the independent category is expected to grow at the greatest CAGR and be in a dominant position in the future. The category contains eateries with four or fewer identically named and categorized branches or subsidiaries. The fact that these restaurants offer quick food oriented toward regional tastes and cuisine is credited with the boom. Locals are considerably more used to regional cuisines, so independent fast-service restaurants have a greater appeal to the general populace. The regional taste and dishes are driving the acquisition of this segment in the quick-service restaurant market across the globe.

Regional Snapshot

North America held a dominant position and is predicted to dominate during the forecast period in the Fast Food & Quick Service Restaurant market. The quick-service restaurant industry is expanding considerably in North America. Its market is expanding due to the increased popularity of ready-to-eat meals and customers’ growing need for quick, affordable, fast food from quick-service restaurants. In addition, changing eating habits, a rise in the popularity of eating out, and less time spent cooking are the main forces behind the regional expansion of the quick-service restaurant industry.

The market for quick service restaurants benefits greatly from convenience, good flavor, and economics in terms of both time and money.

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Report Scope

Feature of the ReportDetails
Market Size in 2021USD 267.1 billion
Projected Market Size in 2030USD 410.1 billion
CAGR Growth Rate5.8 %% CAGR
Base Year2021
Forecast Period2022-2030
Prominent PlayersSubway 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 SegmentBy Service Type, Application, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.


Recent developments

  • During the coronavirus epidemic, Domino’s Pizza, a quick service restaurant, has teamed with FMCG business ITC Foods to assist consumers in delivering daily shopping requirements.

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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.)
  • Others

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

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This Fast Food & Quick Service Restaurant (QSR) Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Manufacturing Technology is used for Fast Food & Quick Service Restaurants (QSR)? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Fast Food & Quick Service Restaurant (QSR) Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Fast Food & Quick Service Restaurant (QSR) Market? What Was the Capacity, Production Value, Cost and PROFIT of the Fast Food & Quick Service Restaurant (QSR) Market?
  • What Is the Current Market Status of the Fast Food & Quick Service Restaurant (QSR) Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of the Fast Food & Quick Service Restaurant (QSR) Market by Considering Applications and Types?
  • What Are Projections of the Global Fast Food & Quick Service Restaurant (QSR) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Fast Food & Quick Service Restaurant (QSR) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On the Fast Food & Quick Service Restaurant (QSR) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are the Market Dynamics of the Fast Food & Quick Service Restaurant (QSR) Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Fast Food & Quick Service Restaurant (QSR) Industry?

Click Here to Access a Free Sample Report of the Global Fast Food & Quick Service Restaurant (QSR) Market @ https://www.custommarketinsights.com/report/fast-food-qsr-market/

Reasons to Purchase Fast Food & Quick Service Restaurant (QSR) Market Report

  • Fast Food & Quick Service Restaurant (QSR) Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Fast Food & Quick Service Restaurant (QSR) Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Fast Food & Quick Service Restaurant (QSR) Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Fast Food & Quick Service Restaurant (QSR) Market Includes an in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Fast Food & Quick Service Restaurant (QSR) market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Fast Food & Quick Service Restaurant (QSR) market analysis.
  • The competitive environment of current and potential participants in the Fast Food & Quick Service Restaurant (QSR) market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  •  Participants and stakeholders worldwide Fast Food & Quick Service Restaurant (QSR) market should find this report useful. The research will be useful to all market participants in the Fast Food & Quick Service Restaurant (QSR) industry.
  •  Managers in the Fast Food & Quick Service Restaurant (QSR) sector are interested in publishing up-to-date and projected data about the worldwide Fast Food & Quick Service Restaurant (QSR) market.
  •  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Fast Food & Quick Service Restaurant (QSR) products' market trends.
  •  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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