US - Fast Casual Restaurants Market by Channel, Product, and Application - Forecast and Analysis 2024-2028
| Published: Dec 2023 | Pages: 142 | SKU: IRTNTR45339 |
Fast Casual Restaurants Market in US Report 2024-2028
The US - fast casual restaurants market is projected to reach a value of USD 149.96 billion in 2028 CAGR of 12.09% between 2023 and 2028.
The report includes a comprehensive outlook on the US Fast Casual Restaurants Market, offering forecasts for the industry segmented by Channel, which comprises dine-in and takeaway. Additionally, it categorizes Product into North American, Italian, Mexican, and Others, and covers Application, including franchised, standalone. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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Fast Casual Restaurants Market In US Analysis and Insights
The demand for innovation and customization in food menus is notably driving market growth. 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.
Moreover, 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 players increase the probability of repeat customer visits. Hence, the demand for innovation and customization of food menus will drive the growth of the US fast-casual restaurant market.
The rise in popularity of chef-driven fast-casual restaurant franchises is a challenge that affects market growth. Chef-driven fast-casual restaurants are on the rise, as more and more professionally trained chefs, as well as celebrity chefs, are now focusing on leveraging the rising demand for fast-casual formats and franchising. Furthermore, professionally trained chefs offer more innovative menus and proprietary recipes to customize and innovate product offerings. Chef-driven restaurants also put efforts into bringing a seasoned chain management team for continuous growth and development.
In addition, several established chefs are entering the US - fast casual restaurants market. For example, in 2018, chef Mark Ladner of Del Posto joined the fast-casual pasta restaurant Pasta Flyer, which opened its first franchise in New York City location in Greenwich Village. Thus, owing to the growing popularity of chef-driven fast-casual restaurant franchises, the market is expected to grow significantly during the forecast period.
The need to adhere to stringent regulations and guidelines is a challenge that affects market growth. Stringent rules and regulations about access, entry of new players, residual management issues, and food quality and safety. The USDA and the Food and Drug Administration (FDA) in the US play crucial roles in regulating the fast-casual restaurant industry. The FDA has state-based retail and food service codes and regulations, which are responsible for conducting the quality check of food products offered by restaurants.
Moreover, menu classification has also prompted restaurants to increase the nutritional quality of their menu items. Complying with these regulations is an uphill task for fast-casual restaurants, which is hindering the entry of new players and creating roadblocks for market players to introduce innovative products in their food menu, which, in turn, impeding the growth of the US fast casual restaurants market during the forecast period.
Fast Casual Restaurants Market In US Segmentation
The dine-in segment is estimated to witness significant growth during the forecast period. Dine-in operations at fast casual restaurants in the US typically involve customers ordering and paying at a counter or kiosk and then being seated at a table to enjoy their meal. The restaurant may have a self-service beverage station and may also offer table service for refills or additional items.
Fast Casual Restaurants Market in US
By Channel
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The dine-in segment was the largest segment and was valued at USD 44.71 billion in 2018. Dine-in mode in fast-casual restaurants has been growing in recent years as more consumers are looking for a balance between the convenience of fast food and the experience of dining in a casual restaurant. The growth of the fast-casual concept has also been driven by the increasing demand for healthier menu options and a more sustainable approach to food service. Thus, such developments in dine-in are expected to contribute to the growth of the US - fast casual restaurants market during the forecast period.
Fast Casual Restaurants Market In US Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Segment Overview
The fast casual restaurants market in US report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
- Channel Outlook
- Dine-in
- Takeaway
- Deployment Outlook
- North American
- Italian
- Mexican
- Others
- Application Outlook
- Franchised
- Standalone
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Fast Casual Restaurants Market In US Scope |
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Report Coverage |
Details |
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Page number |
142 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.09% |
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Market growth 2024-2028 |
USD 65.2 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.02 |
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Regional analysis |
US |
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Performing market contribution |
North America at 100% |
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Key countries |
US and North America |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amergent Hospitality Group Inc., BurgerFi International Inc., Chipotle Mexican Grill Inc., Dominos Pizza Inc., Five Guys Enterprises LLC, Godfathers Pizza Inc., Inspire Brands Inc., Focus Brands LLC, MOD Super Fast Pizza LLC, Noodles and Co., Panda Restaurant Group Inc., Panera Bread Co., PORTILLOS Inc., Qdoba Restaurant Corp., Restaurant Brands International Inc., Shake Shack Inc., The Wendys Co., Uncle Maddios Pizza, Wingstop Inc., and YUM Brands Inc. |
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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 forecast period |
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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. |
What are the Key Data Covered in this Fast Casual Restaurants Market In US In Country Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2024 and 2028
- Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market industry across US
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Fast casual restaurants market in US 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on fast casual restaurants market in US 2018 - 2022 ($ billion)
- 4.2 Channel Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Channel Segment 2018 - 2022 ($ billion)
- 4.3 Product Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
- 4.4 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Channel
- 6.1 Market segments
- Exhibit 27: Chart on Channel - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Channel
- Exhibit 29: Chart on Comparison by Channel
- Exhibit 30: Data Table on Comparison by Channel
- 6.3 Dine-in - Market size and forecast 2023-2028
- Exhibit 31: Chart on Dine-in - Market size and forecast 2023-2028 ($ billion)
- Exhibit 32: Data Table on Dine-in - Market size and forecast 2023-2028 ($ billion)
- Exhibit 33: Chart on Dine-in - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Dine-in - Year-over-year growth 2023-2028 (%)
- 6.4 Takeaway - Market size and forecast 2023-2028
- Exhibit 35: Chart on Takeaway - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Data Table on Takeaway - Market size and forecast 2023-2028 ($ billion)
- Exhibit 37: Chart on Takeaway - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Takeaway - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Channel
- Exhibit 39: Market opportunity by Channel ($ billion)
- Exhibit 40: Data Table on Market opportunity by Channel ($ billion)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 41: Chart on Product - Market share 2023-2028 (%)
- Exhibit 42: Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Exhibit 43: Chart on Comparison by Product
- Exhibit 44: Data Table on Comparison by Product
- 7.3 North American - Market size and forecast 2023-2028
- Exhibit 45: Chart on North American - Market size and forecast 2023-2028 ($ billion)
- Exhibit 46: Data Table on North American - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Chart on North American - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on North American - Year-over-year growth 2023-2028 (%)
- 7.4 Italian - Market size and forecast 2023-2028
- Exhibit 49: Chart on Italian - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Data Table on Italian - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Chart on Italian - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Italian - Year-over-year growth 2023-2028 (%)
- 7.5 Mexican - Market size and forecast 2023-2028
- Exhibit 53: Chart on Mexican - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Data Table on Mexican - Market size and forecast 2023-2028 ($ billion)
- Exhibit 55: Chart on Mexican - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Mexican - Year-over-year growth 2023-2028 (%)
- 7.6 Others - Market size and forecast 2023-2028
- Exhibit 57: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 59: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 60: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Product
- Exhibit 61: Market opportunity by Product ($ billion)
- Exhibit 62: Data Table on Market opportunity by Product ($ billion)
8 Market Segmentation by Application
- 8.1 Market segments
- Exhibit 63: Chart on Application - Market share 2023-2028 (%)
- Exhibit 64: Data Table on Application - Market share 2023-2028 (%)
- 8.2 Comparison by Application
- Exhibit 65: Chart on Comparison by Application
- Exhibit 66: Data Table on Comparison by Application
- 8.3 Franchised - Market size and forecast 2023-2028
- Exhibit 67: Chart on Franchised - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on Franchised - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on Franchised - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Franchised - Year-over-year growth 2023-2028 (%)
- 8.4 Standalone - Market size and forecast 2023-2028
- Exhibit 71: Chart on Standalone - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Standalone - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Standalone - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Standalone - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Application
- Exhibit 75: Market opportunity by Application ($ billion)
- Exhibit 76: Data Table on Market opportunity by Application ($ billion)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 78: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 79: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 80: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 81: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 82: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 83: Matrix on vendor position and classification
- 12.3 Amergent Hospitality Group Inc.
- Exhibit 84: Amergent Hospitality Group Inc. - Overview
- Exhibit 85: Amergent Hospitality Group Inc. - Product / Service
- Exhibit 86: Amergent Hospitality Group Inc. - Key offerings
- 12.4 BurgerFi International Inc.
- Exhibit 87: BurgerFi International Inc. - Overview
- Exhibit 88: BurgerFi International Inc. - Business segments
- Exhibit 89: BurgerFi International Inc. - Key offerings
- Exhibit 90: BurgerFi International Inc. - Segment focus
- 12.5 Chipotle Mexican Grill Inc.
- Exhibit 91: Chipotle Mexican Grill Inc. - Overview
- Exhibit 92: Chipotle Mexican Grill Inc. - Product / Service
- Exhibit 93: Chipotle Mexican Grill Inc. - Key news
- Exhibit 94: Chipotle Mexican Grill Inc. - Key offerings
- 12.6 Five Guys Enterprises LLC
- Exhibit 95: Five Guys Enterprises LLC - Overview
- Exhibit 96: Five Guys Enterprises LLC - Product / Service
- Exhibit 97: Five Guys Enterprises LLC - Key offerings
- 12.7 Focus Brands LLC
- Exhibit 98: Focus Brands LLC - Overview
- Exhibit 99: Focus Brands LLC - Product / Service
- Exhibit 100: Focus Brands LLC - Key offerings
- 12.8 Godfathers Pizza Inc.
- Exhibit 101: Godfathers Pizza Inc. - Overview
- Exhibit 102: Godfathers Pizza Inc. - Product / Service
- Exhibit 103: Godfathers Pizza Inc. - Key offerings
- 12.9 Inspire Brands Inc.
- Exhibit 104: Inspire Brands Inc. - Overview
- Exhibit 105: Inspire Brands Inc. - Product / Service
- Exhibit 106: Inspire Brands Inc. - Key offerings
- 12.10 MOD Super Fast Pizza LLC
- Exhibit 107: MOD Super Fast Pizza LLC - Overview
- Exhibit 108: MOD Super Fast Pizza LLC - Product / Service
- Exhibit 109: MOD Super Fast Pizza LLC - Key offerings
- 12.11 Noodles and Co.
- Exhibit 110: Noodles and Co. - Overview
- Exhibit 111: Noodles and Co. - Product / Service
- Exhibit 112: Noodles and Co. - Key offerings
- 12.12 Panda Restaurant Group Inc.
- Exhibit 113: Panda Restaurant Group Inc. - Overview
- Exhibit 114: Panda Restaurant Group Inc. - Product / Service
- Exhibit 115: Panda Restaurant Group Inc. - Key offerings
- 12.13 Panera Bread Co.
- Exhibit 116: Panera Bread Co. - Overview
- Exhibit 117: Panera Bread Co. - Product / Service
- Exhibit 118: Panera Bread Co. - Key offerings
- 12.14 PORTILLOS Inc.
- Exhibit 119: PORTILLOS Inc. - Overview
- Exhibit 120: PORTILLOS Inc. - Product / Service
- Exhibit 121: PORTILLOS Inc. - Key offerings
- 12.15 Restaurant Brands International Inc.
- Exhibit 122: Restaurant Brands International Inc. - Overview
- Exhibit 123: Restaurant Brands International Inc. - Business segments
- Exhibit 124: Restaurant Brands International Inc. - Key news
- Exhibit 125: Restaurant Brands International Inc. - Key offerings
- Exhibit 126: Restaurant Brands International Inc. - Segment focus
- 12.16 Shake Shack Inc.
- Exhibit 127: Shake Shack Inc. - Overview
- Exhibit 128: Shake Shack Inc. - Product / Service
- Exhibit 129: Shake Shack Inc. - Key offerings
- 12.17 The Wendys Co.
- Exhibit 130: The Wendys Co. - Overview
- Exhibit 131: The Wendys Co. - Business segments
- Exhibit 132: The Wendys Co. - Key offerings
- Exhibit 133: The Wendys Co. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 13.5 List of abbreviations
- Exhibit 140: 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.
INFORMATION 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
DATA 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
REPORT 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 in us market
Key Questions Answered
- 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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