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Fast Casual Restaurants Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR41067
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The fast casual restaurants market share is expected to increase by USD 186.27 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.41%. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future. This fast casual restaurants industry report further provides detailed data on several market vendors, including Chipotle Mexican Grill Inc., DICKEYS BARBECUE RESTAURANTS Inc., Erbert and Gerberts Sandwich Shop, EXKi SA, Famous Brands Ltd., Firehouse Restaurant Group Inc., Five Guys Enterprises LLC, Godfathers Pizza Inc., LYKE Kitchen, McAlisters Franchisor SPV LLC, MOD Super Fast Pizza LLC, Noodles and Co., Panda Restaurant Group Inc., PORTILLOS Inc., Potbelly Corp., Shake Shack Inc., Smashburger Servicing LLC, The Wendys Co., Wingstop Inc., and YUM Brands Inc. among others. Furthermore, this fast casual market share report extensively covers market segmentations by the following:

  • Product - North American, Italian, Mexican, and Others  
  • Geography - North America, APAC, Europe, South America, and Middle East and Africa

What will the Fast Casual Restaurants Market Size be During the Forecast Period?

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Fast Casual Restaurants Market: Key Drivers, Trends, and Challenges

The demand for innovation and customization in food menus is notably driving the fast casual restaurants market growth, although factors such as intense competition from quick-service restaurants may impede 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 restaurant industry trends. 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 Driver

One of the key factors driving the global fast casual restaurants industry growth is the demand for innovation and customization in food menus as customers nowadays prefer a combination of food infused with new and bold flavors. The main impetus for customization is the growing importance of diet — whether it is a medical condition or nourishment confinement, a food allergy, or a weight-reduction plan. Consumers prefer the option to customize their menu choices to their tastes. Thus, several market players are offering innovative and customizable food menus to attract customers. Therefore, with the growing demand for innovative and customizable foods, the global fast-casual restaurants market is expected to grow significantly during the forecast period.

Key Fast Casual Restaurants Market Trend

Rise in popularity of chef-driven fast-casual restaurant franchises is one of the key fast-casual restaurants market trends that is expected to impact the industry positively in the forecast period. The spinning universe of chef-driven fast-casual restaurants has numerous spokes. Many people credit Chipotle Mexican Grill and its chief founder, Steve Ells, for market development, while, others credit a foodie-infused society attributed to the tech-savvy and social media-obsessed Millennials. 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 getting benefits from the growth. Therefore, the growing popularity of chef-driven fast-casual restaurant franchises is expected to drive the growth of the market in focus in the coming years.

Key Fast Casual Restaurants Market Challenge

One of the key challenges to the global fast casual restaurants industry growth is the intense competition from quick-service restaurants as they also target the customer segment who prefer healthier food prepared from fresh food ingredients. In addition, the average meal price of food served at quick-service restaurants is comparatively lower than those served at fast-casual restaurants. To increase the popularity of on-the-go food, quick-service restaurants are focusing on lessening ordering and payment time durations. Due to the rise in consumer purchasing power, especially in developing economies of APAC such as China and India, people often prefer on-the-go food owing to the hectic lifestyle and growing desire for convenience. Hence, the rising inclination of consumers toward quick-service restaurants may limit the market growth during the forecast period.

This fast casual restaurants market 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global fast casual restaurants market as a part of the global restaurants 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 during the forecast period.

Who are the Major Fast Casual Restaurants Market Vendors?

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

 

  • Chipotle Mexican Grill Inc.
  • DICKEYS BARBECUE RESTAURANTS Inc.
  • Erbert and Gerberts Sandwich Shop
  • EXKi SA
  • Famous Brands Ltd.
  • Firehouse Restaurant Group Inc.
  • Five Guys Enterprises LLC
  • Godfathers Pizza Inc.
  • LYKE Kitchen
  • McAlisters Franchisor SPV LLC
  • MOD Super Fast Pizza LLC
  • Noodles and Co.
  • Panda Restaurant Group Inc.
  • PORTILLOS Inc.
  • Potbelly Corp.
  • Shake Shack Inc.
  • Smashburger Servicing LLC
  • The Wendys Co.
  • Wingstop Inc.
  • YUM Brands Inc.

 

This statistical study of the fast casual restaurants market encompasses successful business strategies deployed by the key vendors. The fast-casual restaurants market is fragmented and the vendors are deploying the following growth strategies to compete in the market.

  • Business expansion
  • Promotional campaigns on social media platforms

Product Insights and News

  • Chipotle Mexican Grill Inc. - The company offers burritos, burrito bowls, quesadillas, salad, tacos, sides, and drinks. 
  • Chipotle Mexican Grill Inc. - In May 2021, the company launched a new virtual mental wellness platform for employees. 

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.

The fast casual restaurants market 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 Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fast casual restaurants market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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.

Which are the Key Regions for Fast Casual Restaurants Market?

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44% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for fast-casual restaurants in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The high demand for fast foods, especially among the teenage population, and constant innovations and redesigning of the food menu will facilitate the fast-casual restaurants market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The global restaurants market witnessed a significant decline in 2020 due to the outbreak of COVID-19. The pandemic had impacted the operations of restaurants in major countries such as the US, Canada, and Mexico. The temporary shutdown of most of the restaurants because of lockdown in 2020 made it difficult for the vendors to survive in the market. Hence, the market witnessed slow growth. Thus, currently, due to low footfalls in physical stores, vendors are increasingly offering their products on e-commerce platforms to ensure sustainable growth during this challenging time. Furthermore, due to the rising number of COVID-19 cases, vendors are also embracing automated customer and employee screening equipment, such as contactless screening kiosks and thermal scanners, to protect customers and employees from airborne pathogens and bacteria. Such developments will help fast-casual restaurants protect their customers and employees during the pandemic period and recover during the forecast years.

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

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The fast-casual restaurants market share growth by the North American segment will be significant during the forecast period. According to a research report, around one-third of the population of children and teenagers in the US have sandwiches, burgers, or other quick-serve foods regularly. Hence, fast-casual restaurants in the United States include many healthy meal options in order to cater to the daily nutritional requirements of children and teenagers, which will drive the market growth through this segment in the coming years.

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

 

Fast Casual Restaurants Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.41%

Market growth 2022-2026

$ 186.27 billion

Market structure

Fragmented

YoY growth (%)

11.39

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 44%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Chipotle Mexican Grill Inc., DICKEYS BARBECUE RESTAURANTS Inc., Erbert and Gerberts Sandwich Shop, EXKi SA, Famous Brands Ltd., Firehouse Restaurant Group Inc., Five Guys Enterprises LLC, Godfathers Pizza Inc., LYKE Kitchen, McAlisters Franchisor SPV LLC, MOD Super Fast Pizza LLC, Noodles and Co., Panda Restaurant Group Inc., PORTILLOS Inc., Potbelly Corp., Shake Shack Inc., Smashburger Servicing LLC, The Wendys Co., 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 forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive fast casual restaurants market growth during the next five years
  • Precise estimation of the fast casual restaurants market size 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 across North America, APAC, Europe, South America, and Middle East and Africa
  • 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

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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 Global Market Characteristics

                              Exhibit 04:  Executive Summary – Chart on Market by Geography

                              Exhibit 05:  Executive Summary – Chart on Market Segmentation by Product

                              Exhibit 06:  Executive Summary – Chart on Incremental Growth

                              Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                              Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 09:  Parent market

                              Exhibit 10:  Market characteristics

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 12:  Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021 - 2026 

                              Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                              Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 17:  Five forces analysis - Comparison between 2021 and 2026

               4.2 Bargaining power of buyers            

                              Exhibit 18:  Bargaining power of buyers – Impact of key factors in 2021 and 2026

               4.3 Bargaining power of suppliers        

                              Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

               4.4 Threat of new entrants     

                              Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

               4.5 Threat of substitutes          

                              Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

               4.6 Threat of rivalry   

                              Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

               4.7 Market condition 

                              Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product               

               5.1 Market segments

                              Exhibit 24:  Chart on Product - Market share 2021-2026 (%)

                              Exhibit 25:  Data Table on Product - Market share 2021-2026 (%)

               5.2 Comparison by Product    

                              Exhibit 26:  Chart on Comparison by Product

                              Exhibit 27:  Data Table on Comparison by Product

               5.3 North American  - Market size and forecast 2021-2026       

                              Exhibit 28:  Chart on North American  - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 29:  Data Table on North American  - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 30:  Chart on North American  - Year-over-year growth 2021-2026 (%)

                              Exhibit 31:  Data Table on North American - Year-over-year growth 2021-2026 (%)

               5.4 Italian - Market size and forecast 2021-2026           

                              Exhibit 32:  Chart on Italian - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 33:  Data Table on Italian - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 34:  Chart on  Italian - Year-over-year growth 2021-2026 (%)

                              Exhibit 35:  Data Table on Italian - Year-over-year growth 2021-2026 (%)

               5.5 Mexican - Market size and forecast 2021-2026       

                              Exhibit 36:  Chart on Mexican - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 37:  Data Table on Mexican - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 38:  Chart on Mexican - Year-over-year growth 2021-2026 (%)

                              Exhibit 39:  Data Table on Mexican - Year-over-year growth 2021-2026 (%)

               5.6 Others - Market size and forecast 2021-2026          

                              Exhibit 40:  Chart on Others - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 41:  Data Table on Others - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 42:  Chart on Others - Year-over-year growth 2021-2026 (%)

                              Exhibit 43:  Data Table on Others - Year-over-year growth 2021-2026 (%)

               5.7 Market opportunity by Product     

                              Exhibit 44:  Market opportunity by Product ($ billion)

6. Customer landscape                        

               6.1 Customer landscape overview       

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 45:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              Exhibit 46:  Chart on Market share by geography 2021-2026 (%)

                              Exhibit 47:  Data Table on Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 48:  Chart on Geographic comparison

                              Exhibit 49:  Data Table on Geographic comparison

               7.3 North America - Market size and forecast 2021-2026          

                              Exhibit 50:  Chart on North America - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 51:  Data Table on North America - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 52:  Chart on North America - Year-over-year growth 2021-2026 (%)

                              Exhibit 53:  Data Table on North America - Year-over-year growth 2021-2026 (%)

               7.4 APAC - Market size and forecast 2021-2026             

                              Exhibit 54:  Chart on  APAC - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 55:  Data Table on  APAC - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 56:  Chart on  APAC - Year-over-year growth 2021-2026 (%)

                              Exhibit 57:  Data Table on  APAC - Year-over-year growth 2021-2026 (%)

               7.5 Europe - Market size and forecast 2021-2026         

                              Exhibit 58:  Chart on Europe - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 59:  Data Table on Europe - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 60:  Chart on Europe - Year-over-year growth 2021-2026 (%)

                              Exhibit 61:  Data Table on Europe - Year-over-year growth 2021-2026 (%)

               7.6 South America - Market size and forecast 2021-2026          

                              Exhibit 62:  Chart on South America - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 63:  Data Table on South America - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 64:  Chart on South America - Year-over-year growth 2021-2026 (%)

                              Exhibit 65:  Data Table on South America - Year-over-year growth 2021-2026 (%)

               7.7 Middle East and Africa  - Market size and forecast 2021-2026          

                              Exhibit 66:  Chart on Middle East and Africa  - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 67:  Data Table on Middle East and Africa  - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 68:  Chart on Middle East and Africa  - Year-over-year growth 2021-2026 (%)

                              Exhibit 69:  Data Table on Middle East and Africa  - Year-over-year growth 2021-2026 (%)

               7.8 US - Market size and forecast 2021-2026   

                              Exhibit 70:  Chart on US - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 71:  Data Table on US - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 72:  Chart on US - Year-over-year growth 2021-2026 (%)

                              Exhibit 73:  Data Table on US - Year-over-year growth 2021-2026 (%)

               7.9 China - Market size and forecast 2021-2026            

                              Exhibit 74:  Chart on China - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 75:  Data Table on China - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 76:  Chart on China - Year-over-year growth 2021-2026 (%)

                              Exhibit 77:  Data Table on China - Year-over-year growth 2021-2026 (%)

               7.10 UK - Market size and forecast 2021-2026

                              Exhibit 78:  Chart on UK - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 79:  Data Table on UK - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 80:  Chart on UK - Year-over-year growth 2021-2026 (%)

                              Exhibit 81:  Data Table on UK - Year-over-year growth 2021-2026 (%)

               7.11 Germany - Market size and forecast 2021-2026   

                              Exhibit 82:  Chart on Germany - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 83:  Data Table on Germany - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 84:  Chart on Germany - Year-over-year growth 2021-2026 (%)

                              Exhibit 85:  Data Table on Germany - Year-over-year growth 2021-2026 (%)

               7.12 Canada - Market size and forecast 2021-2026       

                              Exhibit 86:  Chart on Canada - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 87:  Data Table on Canada - Market size and forecast 2021-2026 ($ billion)

                              Exhibit 88:  Chart on Canada - Year-over-year growth 2021-2026 (%)

                              Exhibit 89:  Data Table on Canada - Year-over-year growth 2021-2026 (%)

               7.13 Market opportunity by geography            

                              Exhibit 90:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1 Demand for innovation and customization in food menus

                              8.1.2 Increase in demand for gluten-free dining

                              8.1.3 Introduction of healthy meals in food menus

               8.2 Market challenges              

                              8.2.1 Intense competition from quick-service restaurants

                              8.2.2 Adherence to stringent regulations and guidelines

                              8.2.3 Fluctuations in food commodities prices

               8.3 Impact of drivers and challenges   

                              Exhibit 91:  Impact of drivers and challenges in 2021 and 2026

               8.4 Market trends      

                              8.4.1 Rise in popularity of Chef-driven fast casual restaurant franchises

                              8.4.2 Embracing technology

                              8.4.3 Rise in popularity of chef-driven fast-casual restaurant franchises

9. Vendor Landscape                            

               9.1 Overview

               9.2 Vendor landscape

                              Exhibit 92:  Overview on Criticality of inputs and Factors of differentiation

                              The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

               9.3 Landscape disruption         

                              Exhibit 93:  Overview on factors of disruption

               9.4 Industry risks        

                              Exhibit 94:  Impact of key risks on business

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 95:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 96:  Matrix on vendor position and classification

               10.3 Chipotle Mexican Grill Inc.           

                              Exhibit 97:  Chipotle Mexican Grill Inc. - Overview

                              Exhibit 98:  Chipotle Mexican Grill Inc. - Product / Service

                              Exhibit 99:  Chipotle Mexican Grill Inc. - Key news

                              Exhibit 100:  Chipotle Mexican Grill Inc. - Key offerings

               10.4 Firehouse Restaurant Group Inc.

                              Exhibit 101:  Firehouse Restaurant Group Inc. - Overview

                              Exhibit 102:  Firehouse Restaurant Group Inc. - Product / Service

                              Exhibit 103:  Firehouse Restaurant Group Inc. - Key offerings

               10.5 Godfathers Pizza Inc.      

                              Exhibit 104:  Godfathers Pizza Inc. - Overview

                              Exhibit 105:  Godfathers Pizza Inc. - Product / Service

                              Exhibit 106:  Godfathers Pizza Inc. - Key offerings

               10.6 McAlisters Franchisor SPV LLC    

                              Exhibit 107:  McAlisters Franchisor SPV LLC - Overview

                              Exhibit 108:  McAlisters Franchisor SPV LLC - Product / Service

                              Exhibit 109:  McAlisters Franchisor SPV LLC - Key offerings

               10.7 Noodles and Co.

                              Exhibit 110:  Noodles and Co. - Overview

                              Exhibit 111:  Noodles and Co. - Product / Service

                              Exhibit 112:  Noodles and Co. - Key offerings

               10.8 Panda Restaurant Group Inc.       

                              Exhibit 113:  Panda Restaurant Group Inc. - Overview

                              Exhibit 114:  Panda Restaurant Group Inc. - Product / Service

                              Exhibit 115:  Pan

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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The fast casual restaurants market market growth will increase by $$ 186.27 billion during 2023-2026.
The fast casual restaurants market market is expected to grow at a CAGR of 12.41% during 2023-2026.
Technavio has segmented the fast casual restaurants market market by product (North American, Italian, Mexican, and Others) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Chipotle Mexican Grill Inc., DICKEYS BARBECUE RESTAURANTS Inc., Erbert and Gerberts Sandwich Shop, EXKi SA, Famous Brands Ltd., Firehouse Restaurant Group Inc., Five Guys Enterprises LLC, Godfathers Pizza Inc., LYKE Kitchen, McAlisters Franchisor SPV LLC, MOD Super Fast Pizza LLC, Noodles and Co., Panda Restaurant Group Inc., PORTILLOS Inc., Potbelly Corp., Shake Shack Inc., Smashburger Servicing LLC, The Wendys Co., Wingstop Inc., YUM Brands Inc. are a few of the key vendors in the fast casual restaurants market market.
North America will register the highest growth rate of 44% among the other regions. Therefore, the fast casual restaurants market 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 market growth are:
  • demand for innovation and customization in food menus
  • Rise in popularity of Chef-driven fast casual restaurant franchises
The fast casual restaurants market market vendors should focus on grabbing business opportunities from the north american segment as it accounted for the largest market share in the base year.
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