Fast Casual Restaurants Market in US by Product - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR45339
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The fast casual restaurants market in the US has the potential to grow by USD 28.80 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.89%.

This fast casual restaurants market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (North American food, Italian food, Mexican food, and others). The fast casual restaurants market in US report also offers information on several market vendors, including Amergent Hospitality Group Inc., Chipotle Mexican Grill Inc., Five Guys Enterprises LLC, Jimmy Johns Franchisor SPV LLC, Noodles and Co., Panera Bread Co., Portillos Hot Dogs LLC, Shake Shack Inc., Wingstop Inc., and YUM! Brands Inc. among others.

What will the Fast Casual Restaurants Market Size in the US be in 2021?

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Fast Casual Restaurants Market in the US: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The demand for innovation and customization in food menus is notably driving the fast casual restaurants market in US growth, although factors such as intense competition from quick service restaurants may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the fast casual restaurants market in US get your FREE report sample now.

  • The demand for new flavors, combination food infused with bold flavors, and premium alternatives is on the rise in the US.
  • Customers with constantly evolving tastes demand exotic cuisine. This demand for innovative and exotic-flavored fast food is most prominent among millennials.
  • The millennials seek options that allow customization of food based on their calorie intake per day. The main impetus for customization is growing awareness of nutritious and low-calorie diets.
  • Consumers also customize meals to suit their needs irrespective of the time of day or what is on the menu. 
  • Getting the exact flavor helps fast casual restaurant vendors increase the probability of repeat customer visits. Hence, the demand for innovation and customization of food menus will drive the growth of the fast casual restaurants market in the US.

 

  • Changing lifestyles and rise in demand for on-the-go food is another key driver boosting the growth of the fast casual restaurants market in the US.
  • Owing to the increasing number of dual-income families and busy lifestyles, people have less time to do their traditional household activities, including preparing food, and so people are opting for more convenient options.
  • Most families and individuals are spending more on food takeaways and delivery due to their busy working schedules.
  • Due to a rise in consumer purchasing power, most millennials prefer on-the-go food.
  • Apart from food takeaways and delivery options, fast casual restaurants offer a variety of food options, such as pizza, burger, and Mexican cuisine. This has increased the demand for food services in the fast casual restaurants market in the US.

This fast casual restaurants market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Fast Casual Restaurants Market Vendors in the US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amergent Hospitality Group Inc.
  • Chipotle Mexican Grill Inc.
  • Five Guys Enterprises LLC
  • Jimmy Johns Franchisor SPV LLC
  • Noodles and Co.
  • Panera Bread Co.
  • Portillos Hot Dogs LLC
  • Shake Shack Inc.
  • Wingstop Inc.
  • YUM! Brands Inc.

 

The fast casual restaurants market in the US is fragmented and the vendors are deploying growth strategies such as offering innovative food products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the fast casual restaurants market in US forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Fast Casual Restaurants Market in the US?

Fast-Casual-Restaurants-Market-In-US-Market-Share-by-Product-2020-2025

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The North American food segment includes chicken wings, burgers, BBQ, sandwiches, and other North American cuisines. Children and teenagers in the US are the major consumers of sandwiches, burgers, or other quick-serve foods on a daily basis. Most of them obtain more than half of their daily diet requirements from these foods. The fast casual restaurants in the US include many healthy meal options in their menu to cater to the daily nutritional requirements of children and teenagers. Hence, owing to the growing demand for convenient meal options, the fast casual restaurants market in the US is expected to grow substantially during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the fast casual restaurants market size in the US.

 

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What are the Key Factors Covered in this Fast Casual Restaurants Market in US Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fast casual restaurants market growth in the US during the next five years
  • Precise estimation of the fast casual restaurants market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fast casual restaurants market in the US
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fast casual restaurants market vendors in the US

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Fast Casual Restaurants Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 28.80 billion

Market structure

Fragmented

YoY growth (%)

7.14

Regional analysis

North America, Europe, APAC, and MEA

Performing market contribution

US at 100%

Key consumer countries

US, UK, Canada, and Mexico

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amergent Hospitality Group Inc., Chipotle Mexican Grill Inc., Five Guys Enterprises LLC, Jimmy Johns Franchisor SPV LLC, Noodles and Co., Panera Bread Co., Portillos Hot Dogs LLC, Shake Shack Inc., Wingstop Inc., and YUM! Brands Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The fast casual restaurants market growth will increase by $35.01 billion during 2019-2024.
The fast casual restaurants market is expected to grow at a CAGR of 7.72% during 2019-2024.
Technavio has segmented the fast casual restaurants market by product (North American food, Italian food, Mexican food, and Others) and geographic (North America, Europe, APAC, and MEA).
Amergent Hospitality Group Inc., Chipotle Mexican Grill Inc., Five Guys Enterprises LLC, Jimmy Johns Franchisor SPV LLC, Noodles & Co., Panera Bread Co., Potbelly Corp., Shake Shack Inc., Wingstop Inc., YUM! Brands Inc. are a few of the key vendors in the fast casual restaurants market.
North America will register the highest growth rate of 55.27% among the other regions. Therefore, the fast casual restaurants market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the fast casual restaurants market growth are:
  • Demand for innovation and customization in food menus
The fast casual restaurants market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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