Quick service restaurants are those that serve rapid meals and have limited table service They serve food quickly and have only a few options on the menu
Global Quick Service Restaurant Ecosystem
Market Report
2024
the global Quick Service Restaurant Ecosystem market size was USD 177.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Quick Service Restaurant Ecosystem market size was USD 177.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Quick Service Restaurant Ecosystem Market Sales Revenue 2022 | $ 177.5 Billion |
Global Quick Service Restaurant Ecosystem Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by Service Type |
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Market Split by Product Type |
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Market Split by Cuisine |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Quick Service Restaurant Ecosystem Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Quick-service restaurants are those that serve rapid meals and have limited table service. They serve food quickly and have only a few options on the menu. With the advancement of technology and urbanization, quick-service restaurants have adopted new trends, such as quick-service restaurant ecosystems that give various functions. Both chain and independent eateries prefer the fast-service restaurant method.
QSR, or Quick Service Restaurants, is an industry term for fast food restaurants that provide cuisine that does not require much preparation time and is served immediately. It even costs you nothing. Furthermore, several fast food businesses specialize in a specific cuisine. In these circumstances, restaurants will send professional personnel to cook and serve the food. The chains usually provide beverages and drinks to match the meal items, although this is not always true.
For instance, according to an article published by Financial Express in October 2022, Food and Indians have a special bond. The Indian food market has developed gradually, estimated at 3.7 trillion in 2018, with a 10% annual growth rate. Casual eating and QSR (Quick Service Restaurants) account for more than 74% of the industry and are rapidly expanding.
(Source:www.financialexpress.com/industry/the-future-of-the-indian-qsr-ecosystem/2710526/)
The internet is now more accessible than it has ever been. In addition, as time passes, the online ordering window improves. Tier II and Tier III cities will now have the same level of luxury and privilege. The quick-service restaurant is extending its operations, and third-party vendors have established a presence in India.
For instance, According to Fast Casual Restaurant Industry Trends and data on brandongaille.com, the frequency of visits per month data shows that 25% of visits occur 2-3 times each month. Virtual/augmented reality in casual dining restaurants can create unique consumer experiences. Restaurants such as Taco Bell have used these technologies to create 3D menu items, allowing consumers to see precisely what they need to purchase.
(Source:www.fastcasual.com/articles/why-augmented-reality-is-becoming-more-accessible-to-restaurant-brands/)
Brandongaille's Fast Casual Restaurant Industry Trends and Statistics show that females aged 25-34 are the top consumer demographic. Menu choices at fast-food restaurants should be expanded. Consumers are more interested than ever in menu improvement. A quick-service restaurant with a diverse menu selection that can accommodate a family's dietary restrictions, food allergies, and picky eaters is a must. Emerging cuisine trends such as paleo, low-carb, and artisan must be embraced through novel approaches. As a result, these difficulties impede the expansion of the Quick-service restaurant ecosystem market.
The COVID-19 pandemic has significantly impacted the quick service restaurant (QSR) ecosystem. This sector, known for its fast-paced operations and reliance on in-person dining, faced numerous challenges due to the pandemic and the measures taken to control its spread. Many countries imposed lockdowns, social distancing measures, and restrictions on indoor dining to curb the virus's spread. This led to a sharp decline in foot traffic and forced many QSRs to close temporarily or pivot to takeout and delivery services. QSRs quickly adapted their business models to focus on takeout, curbside pickup, and delivery. This shift required packaging, delivery logistics, and online ordering system adjustments. Some restaurants partnered with third-party delivery platforms to reach a wider customer base.
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The main strategies companies use in the Quick service restaurant ecosystem market include new product releases, product expansions, technical developments in the product portfolio, mergers and acquisitions, partnerships, collaborations, agreements, and R&D activities. To provide market participants a tough competition, numerous restaurants are releasing unique meals or customized dishes based on consumer requests, assisting firms in gaining a bid in the food service market share.
July 2022: As part of a new trial, McDonald's Australia has introduced the McPlant burger at select outlets. Beyond Meat's plant-based protein is used to make the McPlant burger.
(Source:www.cnbc.com/2022/01/20/mcdonalds-expands-test-of-mcplant-burger-created-with-beyond-meat.html)
February 2022: In India, Domino's launched its 1500th location. This extensive shop network and deliberate investment in technology have enabled Domino's to lower delivery time from 30 minutes to 20 minutes.
(Source:www.thehansindia.com/business/dominos-opens-1500th-outlet-in-india-727922)
Top Companies Market Share in Quick Service Restaurant Ecosystem Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, in 2022, North America had the greatest revenue share of the global market. The increased investment in technology developments and rising demand for fast food products are the primary drivers driving the region's Quick Service Restaurants (QSR) industry expansion. Furthermore, the expanding popularity of various cuisines, the availability of simple and rapid delivery options, and the expansion of the e-commerce sector are expected to boost restaurant business growth. Furthermore, the presence of top suppliers in the region, a fast-paced lifestyle and the growth of franchisees are increasing demand throughout the region.
According to Cognitive Market Research, the rise of the QSR ecosystem in the United States results from its ability to adapt to changing consumer behaviors, preferences, and technological advancements. The convenience, affordability, and variety QSRs offer continue to make them a staple in American dining.
During the forecast period, Over the forecasted years, Quick Service Constraints Restaurants are impeding growth. The key elements linked to regional growth are increased industrialization, fast food and beverage industry expansion, and governmental and private sector investments. Furthermore, the rising population, the rising need for convenience foods, and the rise of developing nations such as China, India, and Australia are all adding to market demand.
The current report Scope analyzes Quick Service Restaurant Ecosystem Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Quick Service Restaurant Ecosystem Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Quick Service Restaurant Ecosystem Industry growth. Quick Service Restaurant Ecosystem market has been segmented with the help of its Type, Service Type Product Type, and others. Quick Service Restaurant Ecosystem market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, in 2022, the independent segment owned the highest proportion of the Quick service restaurant ecosystem market. This increase is due to a growing preference among regional consumers for independent quick-service restaurants that serve ready-to-eat food that caters to regional tastes and cuisine. Regional customers are familiar with regional flavors.
The chain segment in the quick service restaurant (QSR) ecosystem has experienced significant growth and dominance over the years. Chains, also known as franchise or branded restaurants, are characterized by having multiple locations operated under the same brand name, consistent menu offerings, and standardized processes.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Quick Service Restaurant Ecosystem Industry. Request a Free Sample PDF!
In 2022, due to increased consumer interest in eating out restaurants, the offline service type is predicted to account for the highest share throughout the projection period. A sizable part of customers regularly seeks out a full dining experience, creating a lucrative potential for full-service and casual dining restaurants, resulting in increasing demand for the restaurant business.
Furthermore, various digital platforms and technologies that make it easier for quick-service restaurants to accept online orders, deliver food, and connect with customers are often included in the "Online Service" category within the QSR ecosystem. Due to the growing need for convenience and digital solutions in the food business, this area has grown in significance.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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In 2022, the pizzas and pastas segment owned most of the quick service restaurant ecosystem market. Pizzas and pasta are dishes with universal appeal. They are enjoyed by people of various ages, cultures, and backgrounds, making them a safe and attractive choice for QSRs looking to cater to a wide customer base. Pizzas and pasta allow for a high degree of customization.
According to Cognitive Market Research, the chicken and seafood segment holds a significant share of the quick service restaurant ecosystem market. Chicken and seafood are often perceived as healthier protein options than red meat. The Chicken and Seafood segment offers various menu options, from fried chicken and chicken nuggets to grilled seafood and sushi. This variety caters to different tastes and dietary preferences, ensuring something for everyone.
In 2022, the American segment owned the greatest proportion of the Quick service restaurant ecosystem market. This increase is due to an increased intake of burgers, popcorn, fries, frozen dairy desserts, wraps, doughnuts, toast, and other foods. Sandwiches are popular all across the world. The busy lifestyle, franchise development, and manufacturing efficiency drive this segment's growth.
According to Cognitive Market Research, the Turkish and Lebanese segment holds a significant share during the forecast period. The rising popularity of the dish has provided chances for many restaurant chains serving Turkish and Lebanese fast food to expand across borders
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Quick Service Restaurant Ecosystem Market is witnessing significant growth in the near future.
In 2023, the Chain segment accounted for noticeable share of global Quick Service Restaurant Ecosystem Market and is projected to experience significant growth in the near future.
The Online Service segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Ark Restaurant Corp. , Carrols Restaurant Group Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The Quick Service Restaurants (QSRs) market is expanding quickly due to digitization, meal delivery services, and health and wellness initiatives. QSR chains, food delivery services, technology companies, and suppliers must collaborate to create distinctive menu alternatives, enhance the consumer experience, and implement sustainable practices to succeed in this sector
Disclaimer:
Type | Chain, Independent |
Service Type | Online Service, Offline Service |
Product Type | Burger and Sandwiches, Pizzas and Pastas, Drinks and Desserts, Chicken and Seafood, Others |
Cuisine | America, Chinese, Italian, Mexican, Japanese, Turkish and Lebanese, Others |
List of Competitors | 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, Yum! Brands, Others |
This chapter will help you gain GLOBAL Market Analysis of Quick Service Restaurant Ecosystem. Further deep in this chapter, you will be able to review Global Quick Service Restaurant Ecosystem Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Service Type Analysis 2019 -2031
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Chapter 12 Market Split by Product Type Analysis 2019 -2031
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Chapter 13 Market Split by Cuisine Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Quick Service Restaurant Ecosystem market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Chain have a significant impact on Quick Service Restaurant Ecosystem market? |
What are the key factors affecting the Chain and Independent of Quick Service Restaurant Ecosystem Market? |
What is the CAGR/Growth Rate of Online Service during the forecast period? |
By type, which segment accounted for largest share of the global Quick Service Restaurant Ecosystem Market? |
Which region is expected to dominate the global Quick Service Restaurant Ecosystem Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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Quick service restaurants are those that serve rapid meals and have limited table service They serve food quickly and have only a few options on the menu
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