USD 150.10 Bn growth in Fast Casual Restaurants Market | Dominated by North America with 44% Global Market Share

NEW YORK, Feb. 4, 2022 /PRNewswire/ — The global fast casual restaurants market measurement is anticipated to extend by USD 150.10 billion between 2019 and 2024, progressing at a CAGR of over 12% in the course of the forecast interval.

Components similar to growing urbanization, altering life, and rising working inhabitants have diminished the time to prepare dinner at residence. These components coupled with rising buying energy and growing client expenditure on eating out are creating a number of progress alternatives for distributors available in the market.

Purchase our full report back to discover future progress alternatives within the world quick informal eating places market.
Gain Confidence by Downloading a Free Sample

Quick Informal Eating places: Key Drivers and Challenges

The report provides an up-to-date evaluation relating to the present world market state of affairs, the most recent traits and drivers, and the general market setting. The market is pushed by the growing demand for innovation and customization in meals menus, improve in demand for gluten-free eating, and the introduction of wholesome meals in meals menus. Nonetheless, the extraordinary competitors from fast service eating places will scale back the expansion potential available in the market.

Quick Informal Eating places: Segmentation Evaluation

The quick informal eating places market is segmented by delicacies sort (North American, Italian, Mexican, and Others) and geography (North America, APAC, Europe, South America, and MEA).

By delicacies sort, the market is witnessing excessive progress within the North American phase. The expansion of the phase may be attributed to the growing consumption of sandwiches, burgers, and different quick-serve meals amongst youngsters and adults. Additionally, the rising demand for grab-and-go sandwiches from the millennial inhabitants is contributing to the expansion of the phase.

When it comes to geography, North America will current important progress alternatives for market gamers in the course of the forecast interval. The area at the moment holds 44% of the worldwide market share. The market in North America is observing steady improvements in meals menus. Additionally, the rising consciousness relating to well being and wellness amongst shoppers is driving distributors to incorporate wholesome and gluten-free meals choices and a wide range of vegetarian and vegan meals to their meals menu. All these components are contributing to the expansion of the quick informal restaurant market in North America.

Story continues

Our full report gives an in depth image of the market progress throughout every phase and area.
Download a Free Sample Before Purchasing

Firms Talked about

• Chipotle Mexican Grill Inc.: The corporate operates a series of quick informal eating places, similar to Pizzeria Locale, a quick informal pizza restaurant that has two eating places in Denver, Colorado.

• Firehouse Restaurant Group Inc.: The corporate provides all kinds of meals merchandise, similar to subs, salads, sides, and others, by its franchises, positioned in additional than thousand areas throughout the US and Canada.

• Noodles & Co.: The corporate provides lunch and dinner menus, which embrace high-quality dishes, similar to noodles, pasta, soups, salads, and appetizers.

• Panda Restaurant Group Inc.: The corporate provides all kinds of Chinese language cuisines by its manufacturers PANDA EXPRESS, PANDA INN, and HIBACHI SAN.

• Potbelly Corp.: The corporate provides sandwiches, signature salads, hand-dipped shakes, and different recent menu gadgets by its franchises, positioned globally.

Download Our Free Sample for highlights on different dominant gamers available in the market.

Associated Reviews:
Quick Service Restaurants Market by Service and Geography – Forecast and Analysis 2021-2025

Fast Food Market by Product and Geography – Forecast and Analysis 2021-2025

About Us
Technavio is a number one world expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and gives actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 experiences and counting, protecting 800 applied sciences, spanning throughout 50 international locations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to determine alternatives in present and potential markets and assess their aggressive positions inside altering market situations.

Contact
Technavio Analysis
Jesse Maida
Media & Advertising and marketing Govt
US: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Web site: www.technavio.com/

View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/usd-150-10-bn-growth-in-fast-casual-restaurants-market–dominated-by-north-america-with-44-global-market-share–technavio-301473908.html

SOURCE Technavio