PUBLISHER: Polaris Market Research | PRODUCT CODE: 1098765
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1098765
The global Quick Service Restaurants (QSR) market size is expected to reach USD 264.89 billion by 2030 according to a new study by Polaris Market Research. The report "Quick Service Restaurants (QSR) Market Share, Size, Trends, Industry Analysis Report, By Service (Eat-in, Takeaway, Drive-through, Home Delivery); By Type (Independent, Chain); By Cuisine; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing millennial population, changing lifestyle of customers, increased inclination toward convenience food, a shift in consumption patterns, people's busy schedules, and rising penetration of e-commerce platforms are contributing to the increased demand for the Quick Service Restaurants (QSR) industry. Furthermore, consumer's preference for convenient, easy-pick-up choices, as well as third-party delivery, is driving the QSR industry demand. As a result of takeout and delivery-only options, people have become more reliant on third-party delivery facilities. In addition, the growing millennial population is one of the key driving factors for global industry growth. The millennial population is more inclined toward the consumption of fast food.
Based on the type, the independent quick service restaurant dominated the market and accounted for the largest share of the global revenue in 2021. Over the forecast period, the demand for independent quick-service restaurants is expected to be driven by the growing trend of dining out, providing quality facilities, and consumers spending less time on cooking at home.
North America accounted for the largest revenue share in the global market in 2021. The factors such as the introduction of additional cuisines to the menu, development of franchises, rise in casual dining restaurants, as well as value meals offered by the restaurant are all contributing to the growth of the QSR industry.
Major participants such as Ark Restaurant Corp., Burger King, Carrols Restaurant Group, Inc., Chipotle Mexican Grill, Darden Concepts, Inc., Dunkin Brands Group, Kotipizza Group Oyj, McDonald's, Quality Is Our Recipe, LLC, Restaurant Brands International Inc., Starbucks Corporation, Subway, The Wendy's Company, and Yum! Brands are some of the key players operating in the global market.
For instance, in November 2021, Subway® announced its largest-ever master franchisee partnership with Everstone Group, a South Asia-focused leading private investment firm, to expand its presence in India, Sri Lanka, and Bangladesh.
Polaris Market Research has segmented the Quick Service Restaurants (QSR) market report on the basis of service, cuisine, type, and region:
Quick Service Restaurants (QSR), Service Outlook (Revenue - USD Billion, 2018 - 2030)
Eat-in
Takeaway
Drive-through
Home Delivery
Quick Service Restaurants (QSR), Cuisine Outlook (Revenue - USD Billion, 2018 - 2030)
American
Chinese
Italian
Mexican
Japanese
Turkish & Lebanese
Others
Quick Service Restaurants (QSR), Type Outlook (Revenue - USD Billion, 2018 - 2030)
Independent
Chain
Quick Service Restaurants (QSR), Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
List of Tables
Figure 1. Global Quick Service Restaurants (QSR) Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Cuisine
Figure 7. Global Quick Service Restaurants (QSR) Market, by Cuisine, 2021 & 2030 (USD Billion)
Figure 8. Market by Service
Figure 9. Global Quick Service Restaurants (QSR) Market, by Service, 2021 & 2030 (USD Billion)
Figure 10. Market by Type
Figure 11. Global Quick Service Restaurants (QSR) Market, by Type, 2021 & 2030 (USD Billion)
Figure 12. Quick Service Restaurants (QSR) Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Quick Service Restaurants (QSR) Market