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Fast Casual Restaurants Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR45339
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The fast-casual restaurant market share in the US is expected to increase by USD 28.80 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8%.

This fast-casual restaurant market in the US research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fast-casual restaurant market segmentation in the US by product (North American food, Italian food, Mexican food, and others) and geography (North America, Europe, APAC, and MEA). The fast-casual restaurants market report in the US 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 During the Forecast Period?

Fast Casual Restaurants Market Size

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

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 restaurant market growth in the US, although factors such as intense competition from quick-service restaurants may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fast-casual dining industry analysis in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fast Casual Restaurants Market Drivers in the US

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 restaurant market in the US.

Key Fast Casual Restaurants Market Trends in the US

The increasing focus on digitalization of services is another factor supporting the fast-casual restaurants' market share growth in the US. The e-commerce industry in the US is progressing owing to various factors such as the growing tech-savvy population, increasing Internet penetration, and the rising use of smartphones. The availability of multiple payment options, such as credit and debit cards, Internet banking, electronic wallets, and cash-on-delivery (COD), has led to a paradigm shift in the purchasing patterns of people from brick-and-mortar stores to online shopping. Consumers prefer online shopping over offline stores. Hence, it becomes essential for fast-casual restaurant owners to market and brand their products through e-commerce websites. Some vendors are also focusing on partnering with food delivery partners to increase their sales.

Key Fast Casual Restaurants Market Challenge in the US

The intense competition from quick-service restaurants will be a major challenge for the fast-casual restaurants market in the US during the forecast period. Quick service restaurants (QSRs) offer the fastest dining experience, with options such as dining in, drive-thru ordering, and delivery services. A fast-casual restaurant is considered faster than a traditional one but slower than a QSR. Unlike fast-casual restaurants, QSRs generally offer the same menu options with seasonal updates. In addition, the average meal price of food served at QSRs is comparatively lower than that of fast-casual restaurants. QSRs are highly preferred for on-the-go food, as they generally take less time for food delivery. The growth of QSRs is mainly fueled by an increase in the number of on-premises restaurants and drive-through restaurants.

This fast-casual restaurant market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the fast-casual restaurant market in the US as a part of the global restaurant market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fast-casual restaurants market in the US during the forecast period.

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.

 

This statistical study of the fast-casual restaurant market in the US encompasses successful business strategies deployed by the key vendors. The fast-casual restaurant market in the US is fragmented and the vendors are deploying growth strategies such as offering innovative food products to compete in the market.

Product Insights and News

  • Amergent Hospitality Group Inc. - The company owns, operates, and franchises fast casual and full-service restaurant brands such as little big burger, Hooters, and BGR among others.

To make the most of the opportunities and recover from the 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.

The fast-casual restaurants market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fast Casual Restaurants Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fast-casual restaurants market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the restaurants market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

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

Fast Casual Restaurants Market Market segmentation by region

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The fast-casual restaurant market share growth in the US by the North American food segment will be significant during the forecast period. The demand for fresh and healthy salads among millennials is also rising over the last few years owing to the greater emphasis on health and well-being. The market penetration of sandwiches, egg dishes, pancakes, waffles, and French toast for breakfast at fast-casual restaurants is expected to rise during the forecast period. To cater to this demand, many fast-casual restaurants are setting up their stores in popular locations. Therefore, owing to the growing demand for convenient meal options, the fast-casual restaurant market in the US is expected to grow substantially during the forecast period.

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 and actionable market insights on the post-COVID-19 impact on each segment.

 

Fast Casual Restaurants Market Scope in the US

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

USD 28.80 billion

Market structure

Fragmented

YoY growth (%)

7.14

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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

  • 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 industry 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Restaurant market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Fast Casual Restaurants Market in US - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Fast Casual Restaurants Market in US: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 North American Food - Market size and forecast 2020-2025
      • Exhibit 17: North American Food - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: North American Food - Year-over-year growth 2020-2025 (%)
    • 5.4 Italian Food - Market size and forecast 2020-2025
      • Exhibit 19: Italian Food - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Italian Food - Year-over-year growth 2020-2025 (%)
    • 5.5 Mexican Food - Market size and forecast 2020-2025
      • Exhibit 21: Mexican Food - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Mexican Food - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Customer Landscape

    7 Drivers, Challenges, and Trends

    • 7.1 Market drivers
      • 7.2 Market challenges
        • Exhibit 27: Impact of drivers and challenges
      • 7.3 Market trends

        8 Vendor Landscape

        • 8.1 Vendor landscape
          • Exhibit 28: Vendor landscape
        • 8.2 Landscape disruption
          • Exhibit 29: Landscape disruption
          • Exhibit 30: Industry risks
        • 8.3 Competitive scenario

          9 Vendor Analysis

          • 9.1 Vendors covered
            • Exhibit 31: Vendors covered
          • 9.2 Market positioning of vendors
            • Exhibit 32: Market positioning of vendors
          • 9.3 Amergent Hospitality Group Inc.
            • Exhibit 33: Amergent Hospitality Group Inc. - Overview
            • Exhibit 34: Amergent Hospitality Group Inc. - Product and service
            • Exhibit 35: Amergent Hospitality Group Inc. – Key news
            • Exhibit 36: Amergent Hospitality Group Inc. - Key offerings
          • 9.4 Chipotle Mexican Grill Inc.
            • Exhibit 37: Chipotle Mexican Grill Inc. - Overview
            • Exhibit 38: Chipotle Mexican Grill Inc. - Business segments
            • Exhibit 39: Chipotle Mexican Grill Inc. – Key news
            • Exhibit 40: Chipotle Mexican Grill Inc. - Key offerings
          • 9.5 Five Guys Enterprises LLC
            • Exhibit 41: Five Guys Enterprises LLC - Overview
            • Exhibit 42: Five Guys Enterprises LLC - Product and service
            • Exhibit 43: Five Guys Enterprises LLC - Key offerings
          • 9.6 Jimmy Johns Franchisor SPV LLC
            • Exhibit 44: Jimmy Johns Franchisor SPV LLC - Overview
            • Exhibit 45: Jimmy Johns Franchisor SPV LLC - Product and service
            • Exhibit 46: Jimmy Johns Franchisor SPV LLC - Key offerings
          • 9.7 Noodles and Co.
            • Exhibit 47: Noodles and Co. - Overview
            • Exhibit 48: Noodles and Co. - Business segments
            • Exhibit 49: Noodles and Co.– Key news
            • Exhibit 50: Noodles and Co. - Key offerings
          • 9.8 Panera Bread Co.
            • Exhibit 51: Panera Bread Co. - Overview
            • Exhibit 52: Panera Bread Co. - Product and service
            • Exhibit 53: Panera Bread Co. – Key news
            • Exhibit 54: Panera Bread Co. - Key offerings
          • 9.9 Portillos Hot Dogs LLC
            • Exhibit 55: Portillos Hot Dogs LLC - Overview
            • Exhibit 56: Portillos Hot Dogs LLC - Product and service
            • Exhibit 57: Portillos Hot Dogs LLC - Key offerings
          • 9.10 Shake Shack Inc.
            • Exhibit 58: Shake Shack Inc. - Overview
            • Exhibit 59: Shake Shack Inc. - Business segments
            • Exhibit 60: Shake Shack Inc. - Key offerings
          • 9.11 Wingstop Inc.
            • Exhibit 61: Wingstop Inc. - Overview
            • Exhibit 62: Wingstop Inc. - Business segments
            • Exhibit 63: Wingstop Inc. - Key offerings
            • Exhibit 64: Wingstop Inc. - Segment focus
          • 9.12 YUM! Brands Inc.
            • Exhibit 65: YUM! Brands Inc. - Overview
            • Exhibit 66: YUM! Brands Inc. - Business segments
            • Exhibit 67: YUM! Brands Inc. – Key news
            • Exhibit 68: YUM! Brands Inc. - Key offerings
            • Exhibit 69: YUM! Brands Inc. - Segment focus

          10 Appendix

          • 10.1 Scope of the report
            • 10.2 Currency conversion rates for US$
              • Exhibit 70: Currency conversion rates for US$
            • 10.3 Research methodology
              • 10.4 List of abbreviations
                • Exhibit 70: Currency conversion rates for US$
                • Exhibit 71: Research Methodology
                • Exhibit 72: Validation techniques employed for market sizing
                • Exhibit 73: Information sources
                • Exhibit 74: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Fast Casual Restaurants market growth will increase by $28.8 billion during 2021-2025.
              The fast casual restaurants market is expected to grow at a CAGR of 7.89% during 2021-2025.
              Technavio has segmented the fast casual restaurants market by product (North American Food, Italian Food, Mexican Food, Others, 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 and Co., Panera Bread Co., Portillos Hot Dogs LLC, 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
              • Increasing focus on digitalization of services
              The fast casual restaurants market vendors should focus on grabbing business opportunities from the north american food segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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