Global Fast Food & Quick Service Restaurant Market by Cuisine (American, Turkish & Lebanese), by Type (Independent, Chain) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global fast food and fast service restaurant market was valued at USD 257.19 trillion in 2019. It is projected to grow at a compound annual rate (CAGR), of 5.1% between 2020 and 2027. This market growth is supported by the growing preference for fast food across generation X, Z and Y. In 2019, the fast food industry was worth more than USD 500 billion. Fast food restaurants and quick service restaurants have become a major supplier of mass-produced food. This has attracted more people to try and enjoy their services. The market for quick-service restaurants and fast food is favored by convenience, good taste, and economics in both time and money.

Fast food and fast service restaurants have evolved to meet the changing needs of their customers. Many quick-service restaurants offer a variety of services including delivery, take-out and drive-thru. This is a great option for modern living. This has allowed restaurants to maximize their benefits. Third-party delivery services such as DoorDash and Foodler have accelerated the delivery trend. They also offer delivery at odd hours. Customers who prefer to eat at home make up a large portion of the revenue for fast food and restaurant operators.

Fast food companies have been forced to produce healthier products due to increasing fast food consumption. Many restaurants are updating their menus and creating healthier options for fast food. Many fast food items emphasize fruits and vegetables more than processed meats, which can be considered unhealthy. Vegetarianism and veganism are also being influenced by changes to the menu. Rising inclusion of plant-based products in the menu is a major trend, which along with catering to niche customer demands also helps in creating a sustainability-focused image.

The market's growth has been supported by technology. Other technologies are also helping to restructure the industry. These include touchscreen point-of-sales terminals, self order kiosks, and kitchen display screens. Self-order kiosks are becoming more popular in restaurants. They provide a seamless digital experience that meets diners' needs and are easy to use. These kiosks allow customers to make quick and easy choices about their orders, allowing for multiple reviews and customizing. The kiosks not only assist customers but also increase the order volume and check size, and reduce the wait time.

Type Insights

The market was dominated by independent fast food and quick-service restaurants, which accounted for over 65.0% of global revenue in 2019. This category includes restaurants that have four or fewer branches, or subsidiaries, with the same name or of the same type. These restaurants offer fast food that is more influenced by local cuisine and tastes. Because local tastes are more well-known among local residents, standalone quick-service restaurants have a greater penetration. Dish Society, a Houston-based fast-food restaurant, operates from two locations. The restaurant serves sandwiches, toasts, tacos and other foods, as well as cakes, cookies and cookies. It aims to offer meals at half the price.

The fastest CAGR for chain fast food restaurants and quick-service restaurants is 5.9% between 2020-2027. This category includes restaurants that have five or more branches, or subsidiaries, with the same name and the same type. Subway, McDonald's and Starbucks are some of the most well-known restaurant chains worldwide. These restaurant chains have enjoyed a huge success by adapting their menus to the different countries they are entering.

Cuisine Insights

American cuisine dominated the market, accounting for over 25.0% of global revenue in 2019. This category includes restaurants that offer a wide range of food, including burgers and pop-corns, as well as frozen desserts like fries, ice cream, pop-corns, pop-corns and fries. American cuisine has expanded because of its industrial process, fast-paced lifestyle, the development of franchises and the efficiency of production.

The fastest CAGR for Turkish and Lebanese food is 6.4% between 2020-2027. This category includes restaurants that serve acma and ayvaliktostu, balik-ekmek, borek and kumpir boregi. The popularity of this cuisine is increasing and many restaurants that offer Turkish and Lebanese fast foods have opened new branches.

Regional Insights

North America accounted for the largest portion of over 40% in 2019. There are many types of fast food in America, Canada and Mexico. A Center for Disease Control & Prevention report shows that 36.6% of Americans ate fast food in any given day between 2013 and 2016. 44.9% of fast-food customers are between 20 and 39 years old, 37.7% between 40 and 59 years, and 24.1% between 60 and 64 years. The consumption of fast food decreased with age, it was found. Also, it was found that men ate more fast food than women.

Asia Pacific is the fastest-growing regional market, growing at 6.2% between 2020 and 2027. There is a high penetration of fast food chains from both domestic and foreign countries in the region. KFC, Burger King and McDonald's are the most well-known American restaurants in the region. There are several local fast-food outlets in the region, including Trung Nguyen Coffee (Vietnam), Kebab Turki Baba Raffi (Indonesia), Cafe Amazon (Thailand), and Jollibee Foods (Philippines).

Market Share Insights & Key Companies

Quality Is Our Recipe, LLC, Carrols Restaurant Group, Inc., Yum! Brands; Darden Concepts, Inc., McDonald's; Ark Restaurant Corp., DEL TACO RESTAURANT, Inc.; Restaurant Brands International Inc., Kotipizza Group Oyj, Chipotle Mexican Grill; DD IP Holder LLC, and JACK IN THE BOX Inc.

Fast food has become a popular choice for cuisine for any occasion. In March 2019, the White House hosted a lunch for the North Dakota State Bison football teams. The food was provided by Chick-Fil-A and McDonald's. The menu included Big Macs, fried chicken sandwiches and sauce.

Market Report Scope Fast Food & Quick Service Restaurants

The Report Covers Certain Segments

This report forecasts revenue growth at all levels, including country, regional and global. It also provides analysis of industry trends and potential opportunities for each sub-segment from 2016 through 2027. Grand View Research has divided the global fast-food and quick-service restaurant market by type, cuisine, region, and country.

• Type Outlook (Revenue, USD Billion, 2016 - 2027)

  • Chain

  • Independent

• Cuisine Outlook (Revenue, USD Billion, 2016 - 2027)

  • American

  • Chinese

  • Italian

  • Mexican

  • Japanese

  • Turkish and Lebanese

  • Other

• Regional Outlook (Revenue USD Billion, 2016-2027)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global fast food and quick-service restaurant market was valued at USD 257.19 trillion in 2019, and is forecast to grow to USD 163.16 billion by 2020.

b. Global fast food and quick-service restaurant markets are expected to grow at a compound annual rate of 5.1% between 2020-2027, to reach USD 383.81 trillion by 2027.

b. With a 44.3% share in 2019, North America was the dominant market for fast food and quick-service restaurants. This can be attributed to the large number of fast-food restaurants in Canada and the U.S.

b. AM.D.Q. is one of the key players in the fast-food and quick-service restaurant market. CKE Restaurants Holdings, Inc., DD IP Holder LLC, Del Taco Holdings, Inc., Doctor's Associates, Inc., Hunt Brothers Pizza, LLC., Jubilant FoodWorks Ltd., McDonald's, Papa John's International, Inc., Quality Is Our Recipe, LLC, Restaurant Brands International Inc., Sonic Corp., Starbucks Coffee Company, Yum! Brands.

b. b.

Up Market Research published a new report titled “Fast Food & Quick Service Restaurant Market research report which is segmented by Cuisine (American, Turkish & Lebanese), by Type (Independent, Chain), By Players/Companies LLC, Inc, CKE Restaurants Holdings, AMDQ CORP, Papa John's International, Starbucks Coffee Companyand Yum! Brands, Restaurant Brands International Inc, Hunt Brothers Pizza, Inc, Sonic Corp, Quality Is Our Recipe, Del Taco Holdings, LLC, Inc, Doctor's Associates, McDonald's, Inc, Jubilant FoodWorks Ltd, DD IP Holder LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Fast Food & Quick Service Restaurant Market Report Segments:

The market is segmented by Cuisine (American, Turkish & Lebanese), by Type (Independent, Chain).

Fast Food & Quick Service Restaurant Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fast Food & Quick Service Restaurant Market

Overview of the regional outlook of the Fast Food & Quick Service Restaurant Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Fast Food & Quick Service Restaurant Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Fast Food & Quick Service Restaurant Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. American

                2. Turkish & Lebanese

                1. Independent

                2. Chain

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fast Food & Quick Service Restaurant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Fast Food & Quick Service Restaurant Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.