Market Research Report
Quick Service Restaurants Market in the US 2017-2021
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||335592|
|Published||Content info||78 Pages
|Quick Service Restaurants Market in the US 2017-2021|
|Published: December 20, 2017||Content info: 78 Pages||
The concept of quick service restaurants was first introduced in the US. These restaurants are gradually becoming convenient places for teenagers, families, and young working professionals to socialize. Few of the popular industry products are burgers, sandwiches, Mexican cuisine, pizza and pasta, chicken, and Asian cuisine. In quick service restaurants, the demand for food customization is increasing. Thus, customers are given the option to design their meals according to their tastes and dietary requirements. For instance, at Subway, consumers can choose their own bread and vegetables to be added to the sub sandwich. In addition, the rising demand for on-the-go food will contribute significantly to the market growth during the forecast period. However, a major challenge for the market growth is the price fluctuation of raw materials such as sugar, dairy products, and meat. This often results in unstable prices of products offered by quick service restaurants in the US. Various innovations in packaging, the introduction of nutritious food products such as low-fat dairy products, and reduced utilization of artificial colors and other food additives will lead to the steady growth of this market during the forecast period.
Technavio's analysts forecast the quick service restaurants market in the US to grow at a CAGR of 3.03% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the quick service restaurants market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of food and beverages at quick service restaurants in the US through different service types.
The market is divided into the following segments based on geography:
Technavio's report, Quick Service Restaurants Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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