Quick Service Restaurants Market by Service and Geography - Forecast and Analysis 2021-2025
- Published: Aug 2021
- Pages: 120
- SKU: IRTNTR43556
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The quick service restaurants market has the potential to grow by USD 119.20 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.55%.
This quick service restaurants market 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 service (eat-in service, takeaway service, drive-thru service, and home delivery service) and geography (North America, APAC, Europe, South America, and MEA). The quick service restaurants market report also offers information on several market vendors, including American Dairy Queen Corp., Chick-fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Starbucks Coffee Company, The Wendys Co., and YUM Brands Inc. among others.
What will the Quick Service Restaurants Market Size be in 2021?
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Quick Service Restaurants Market: 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 rise in the number of quick service restaurants is notably driving the quick service restaurants market growth, although factors such as fluctuations in raw material prices may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the quick service restaurants industry get your FREE report sample now.
Quick Service Restaurants Market Key Driver
One of the key factors driving growth in the quick service restaurants market is the rise in the number of quick service restaurants. The number of quick service restaurants is increasing majorly due to the rising demand for fast food, especially in emerging economies. This is encouraging fast-food chains to expand domestically and internationally. Varied tastes and preferences for different types of premium coffee have further led to the emergence of specialty coffee shops. The growth in the infrastructure like new airports and expressways in developing countries gives scope to the major coffee chains to establish their outlets.
Quick Service Restaurants Market Key Trend
The innovations in packaging and serving of food is another major factor supporting the quick service restaurants market share growth. Packaging is often considered to be an extension of brand value. Therefore, the packaging of any brand is important in generating interest and curiosity among consumers. Innovations are made in terms of biodegradable packaging, compostable packaging, and packaging customized to the shape and size of a food product. Corrugated packaging has been successful in generating curiosity among vendors of quick service restaurants and customers alike. The trend of constant innovation in packaging has a positive impact on the market and is likely to lead to higher demand for fast food.
Quick Service Restaurants Market Key Challenge
The fluctuations in raw material prices will be a major challenge for the quick service restaurants market. Fluctuation in the prices of food commodities and raw materials such as sugar and dairy products, which are vital for the preparation of coffee, tea, and other beverages will be a major challenge for almost all types of quick service restaurants. The sudden spike in the prices of food commodities due to irregular climatic changes affected the profit margins of many restaurants across the globe. Such fluctuations in prices often create problems in production, thereby causing a demand and supply gap in the market.
This quick service 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Parent Market Dynamics
Technavio categorizes the global quick service restaurants market as a part of the global restaurants market within the overall hotels, restaurants, and leisure market. The global restaurants market covers companies, owners, and operators of restaurants, hotels, bars, pubs, fast-food joints, take-out facilities, and food catering services. Technavio calculates the global hotels, restaurants, and leisure industry market size based on combined revenue generated by manufacturers/providers of hotels, resorts and cruise lines, casinos and gaming, leisure facilities, and restaurants.
Who are the Major Quick Service Restaurants Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- American Dairy Queen Corp.
- Chick-fil-A Inc.
- Doctors Associates LLC
- Dominos Pizza Inc.
- Dunkin Brands Group Inc.
- Inspire Brands Inc.
- McDonald Corp.
- Starbucks Coffee Company
- The Wendys Co.
- YUM Brands Inc.
The quick service restaurants market is fragmented and the vendors are deploying growth strategies such as new product innovation in their menu to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
Product Insights and News
- Chick-fil-A Inc. - In June 2021, the company expanded its restaurant business to Hawaii
- Starbucks Corp.- In August 2021, the company partnered with Ocean Conservancy to welcome personal reusable cups back
- Inspire Brands Inc. - In October 2020, the company acquired Dunkin Brand to bring together a family of complementary, highly differentiated brands
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 quick service restaurants market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Quick Service Restaurants Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the quick service restaurants market, 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 customers during the forecast period.
The value chain of leisure products includes the following components:
- Inbound logistics
- Outbound logistics
- Marketing and sales
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Quick Service Restaurants Market?
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43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for quick service restaurants in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
The consumers' preference to eat out, brand loyalty, interest in new restaurant experiences, and the introduction of new cuisines and flavors will facilitate the quick service restaurants market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 led to stringent measures, including the imposition of lockdowns and quarantines in the region. To slow down the spread of COVID-19, the governments in the region announced nationwide lockdowns in 2020, which led to the temporary shutdown of restaurants and, in turn, hindered the growth of the regional quick service restaurant market in 2020. In 2021, accelerated vaccine deployment and further easing of lockdown measures together gave a boost to the expectations of quick service restaurants in the region.
What are the Revenue-generating Service Segments in the Quick Service Restaurants Market?
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The quick service restaurants market share growth by the eat-in service segment will be significant during the forecast period. A rise in the global adult population aged 25-49 years is driving the eat-in service market as this consumer segment mostly prefers to dine out. Due to their fast-paced lifestyle and busy working schedules, dining out becomes convenient for them and helps them achieve a work-life balance. Consumers look for flexibility and variety in menus at eat-in outlets.
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 quick service restaurants market size.
What are the Key Factors Covered in this Quick Service Restaurants Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive quick-service restaurants market growth during the next five years
- Precise estimation of the quick-service restaurants market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the quick service restaurants industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of quick service restaurants market vendors
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Quick Service Restaurants Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4%
Market growth 2021-2025
$ 119.20 billion
YoY growth (%)
North America, APAC, Europe, South America, and MEA
Performing market contribution
North America at 43%
Key consumer countries
US, China, Japan, UK, and Canada
Leading companies, competitive strategies, consumer engagement scope
American Dairy Queen Corp., Chick-fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin Brands Group Inc., Inspire Brands Inc., McDonald Corp., Starbucks Coffee Company, The Wendys Co., and YUM Brands Inc.
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 the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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: Education Services
2.2.2 Inbound logistics
2.2.4 Outbound logistics
2.2.5 Marketing and sales
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
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five forces analysis
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. Market Segmentation by Service
The segments covered in this chapter are:
- Eat-in service
- Takeaway service
- Drive-thru service
- Home delivery service
5.1 Market segments
Exhibit 15: Service - Market share 2020-2025 (%)
5.2 Comparison by Service
Exhibit 16: Comparison by Service
5.3 Eat-in service - Market size and forecast 2020-2025
Exhibit 17: Eat-in service - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Eat-in service - Year-over-year growth 2020-2025 (%)
5.4 Takeaway service - Market size and forecast 2020-2025
Exhibit 19: Takeaway service - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Takeaway service - Year-over-year growth 2020-2025 (%)
5.5 Drive-thru service - Market size and forecast 2020-2025
Exhibit 21: Drive-thru service - Market size and forecast 2020-2025 ($ billion)
Exhibit 22: Drive-thru service - Year-over-year growth 2020-2025 (%)
5.6 Home delivery service - Market size and forecast 2020-2025
Exhibit 23: Home delivery service - Market size and forecast 2020-2025 ($ billion)
Exhibit 24: Home delivery service - Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Service
Exhibit 25: Market opportunity by Service
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers of price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rates and Key purchase criteria
Exhibit 26: Customer landscape
7. Geographic Landscape
The regions covered in the report are:
- North America
- South America
The five regions have been ranked based on their market size in 2020. North America ranked first as the largest region, while MEA was the smallest region in 2020. In 2025, the five regions will maintain their position as that of 2020.
7.1 Geographic segmentation
Exhibit 27: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 28: Geographic comparison
7.3 North America - Market size and forecast 2020-2025
Exhibit 29: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
7.4 APAC - Market size and forecast 2020-2025
Exhibit 31: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
7.5 Europe - Market size and forecast 2020-2025
Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 35: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 39: Key leading countries
7.9 Market opportunity by geography
Exhibit 40: Market opportunity by geography ($ billion)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Rise in the number of quick service restaurants
8.1.2 Changing lifestyles and rise in demand for on-the-go food
8.1.3 Growing innovation and customization in food menu
8.2 Market challenges
8.2.1 Fluctuations in raw material prices
8.2.2 Growing preference for home-cooked food
8.2.3 Risks associated with suppliers
Exhibit 41: Impact of drivers and challenges
8.3 Market trends
8.3.1 Innovations in packaging and serving of food
8.3.2 Rise in demand for nutritious foods and drinks
8.3.3 Growing popularity of online and mobile app-based food ordering
9. Vendor Landscape
Exhibit 42: Vendor landscape
9.2 Landscape disruption
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
Exhibit 43: Landscape disruption
Exhibit 44: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 45: Vendors covered
10.2 Market positioning of vendors
Exhibit 46: Market positioning of vendors
10.3 American Dairy Queen Corp.
Exhibit 47: American Dairy Queen Corp. - Overview
Exhibit 48: American Dairy Queen Corp. - Product and service
Exhibit 49: American Dairy Queen Corp. - Key offerings
10.4 Chick-fil-A Inc.
Exhibit 50: Chick-fil-A Inc. - Overview
Exhibit 51: Chick-fil-A Inc. - Product and service
Exhibit 52: Chick-fil-A Inc.- Key news
Exhibit 53: Chick-fil-A Inc. - Key offerings
10.5 Doctors Associates LLC
Exhibit 54: Doctors Associates LLC - Overview
Exhibit 55: Doctors Associates LLC - Product and service
Exhibit 56: Doctors Associates LLC- Key news
Exhibit 57: Doctors Associates LLC - Key offerings
10.6 Domino’s Pizza Inc.
Exhibit 58: Domino’s Pizza Inc. - Overview
Exhibit 59: Domino’s Pizza Inc. - Business segments
Exhibit 60: Domino’s Pizza Inc. - Key offerings
Exhibit 61: Domino’s Pizza Inc. - Segment focus
10.7 Dunkin Brands Group Inc.
Exhibit 62: Dunkin Brands Group Inc. - Overview
Exhibit 63: Dunkin Brands Group Inc. - Business segments
Exhibit 64: Dunkin Brands Group Inc. - Key offerings
Exhibit 65: Dunkin Brands Group Inc. - Segment focus
10.8 Inspire Brands Inc.
Exhibit 66: Inspire Brands Inc. - Overview
Exhibit 67: Inspire Brands Inc. - Product and service
Exhibit 68: Inspire Brands Inc.- Key news
Exhibit 69: Inspire Brands Inc. - Key offerings
10.9 McDonald Corp.
Exhibit 70: McDonald Corp. - Overview
Exhibit 71: McDonald Corp. - Product and service
Exhibit 72: McDonalds Corp.- Key news
Exhibit 73: McDonald Corp. - Key offerings
10.10 Starbucks Coffee Company
Exhibit 74: Starbucks Coffee Company - Overview
Exhibit 75: Starbucks Coffee Company - Business segments
Exhibit 76: Starbucks Corp.- Key news
Exhibit 77: Starbucks Coffee Company - Key offerings
Exhibit 78: Starbucks Coffee Company - Segment focus
10.11 The Wendys Co.
Exhibit 79: The Wendys Co. - Overview
Exhibit 80: The Wendys Co. - Business segments
Exhibit 81: The Wendys Co. - Key offerings
Exhibit 82: The Wendys Co. - Segment focus
10.12 YUM Brands Inc.
Exhibit 83: YUM Brands Inc. - Overview
Exhibit 84: YUM Brands Inc. - Business segments
Exhibit 85: YUM Brands Inc. - Key offerings
Exhibit 86: YUM Brands Inc. - Segment focus
11.1 Scope of the report
11.1.1 Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 87: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 88: Research Methodology
Exhibit 89: Validation techniques employed for market sizing
Exhibit 90: Information sources
11.4 List of abbreviations
Exhibit 91: List of abbreviations
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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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