Fast Casual Restaurants Market - Top 10 Leading player, Emerging Trends, Region By Forecast To 2029


Posted December 22, 2022 by marketlook

Global Fast Casual Restaurants market is anticipated to grow at a CAGR of 10.5% during 2022-29. The market would reach USD 284.95 Bn by 2029

 
Restaurants that don't provide full table service are known as fast-casual restaurants. These are typically found in the continent of North America. Compared to fast food restaurants, these restaurants serve high-quality food. They are freshly prepared rather than using frozen or processed ingredients. Additionally, these eateries offer high-quality food like fine dining establishments while offering quick service similar to fast food restaurants. Customers will be more satisfied because of the product's quality, convenience, and flavor.

The market for Fast Casual Restaurants is expanding primarily due to consumer demand for innovative and customizable menu options, though market expansion may be hampered by elements like fierce competition from quick-service restaurants. One can see consumers' increasing fascination with Korean barbecue and Chinese cuisine. In the meantime, it is anticipated that rising demand for comfort foods like pizza and pasta will spur market expansion in the years to come. Additionally, restaurant businesses have been using franchising to grow internationally, which is anticipated to support market growth during the forecast period.

Fast Casual Restaurants market
According to Marketlook Consulting’s research report “Global Fast Casual Restaurants Market Analysis, 2021”, the Global Fast Casual Restaurants market is anticipated to grow at a CAGR of 10.5% during 2022-29. The market would reach USD 284.95 Bn by 2029.

Based on Food, the Fast Casual Restaurants market is segmented into Burgers/Sandwiches, Pizza/ Pasta, Asian/ Mexican food, and Others. Asian food among all segments is anticipated to grow due to the rising demand for highly flavored food options such as Korean and Indian cuisine.

Based on Nature, the market is segmented into standalone and franchised. The franchised segment grabbed a significant market share. Moreover, the market of this segment would uplift owing to the growing investments in franchises business in countries such as India, United State, etc.,

“Global Fast Casual Restaurants Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Fast Casual Restaurants providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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North America Dominated the Market
The North America region grabbed the major market share and dominated the market in 2021. The biggest fast-casual restaurant markets in North America are found in the US and Canada. Compared to the Middle East, Africa, and South America, this region's market will grow more quickly. The market for fast-casual restaurants is expected to grow in North America during the forecasted time due to the high demand for fast food, especially among teenagers, as well as ongoing menu improvements. One-third of kids and teenagers in the US consume sandwiches, burgers, or other quick-serve meals every day, according to a study. As a result, fast-casual restaurants in the United States provide a variety of nutrient-dense food options to satisfy the daily dietary requirements of kids and teenagers, a market segment that is expected to grow over the coming years as stated in the Marketlook Consulting research report “Global Fast Casual Restaurants Market Analysis, 2021”.

By Company (Chipotle Mexican Grill, Inc., Tortilla Mexican Grill PLC, Shake Shack, Inc., Pie Five Pizza Company, Inc., Panera Bread Company, Panda Restaurant Group, Inc., Five Guys Holdings, Inc., LYFE Kitchen Restaurant LLC, Dickey's Barbecue Restaurants, Inc., Firehouse Restaurant Group, Inc.

Read More:- https://marketlookconsulting.com/reports/fast-casual-restaurants-market

Market Segmentation:
By Food Type (Burger/ Sandwich, Pizza/ Pasta, Asian/ Mexican food, Others)
By Nature Type (Standalone, Franchised)
By Mode Type (Dine-in, Takeaway)
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
By Company (Chipotle Mexican Grill, Inc., Tortilla Mexican Grill PLC, Shake Shack, Inc., Pie Five Pizza Company, Inc., Panera Bread Company, Panda Restaurant Group, Inc., Five Guys Holdings, Inc., LYFE Kitchen Restaurant LLC, Dickey's Barbecue Restaurants, Inc., Firehouse Restaurant Group, Inc.)

Key questions answered in the study:
What are the current and future trends of the Fast Casual Restaurants industry?
How the industry has been evolving in terms of food, mode, and nature outlook?
How the competition has been shaping across the countries followed by their comparative factorial indexing?
What are the key growth drivers and challenges for the Fast Casual Restaurants industry?
What is the customer orientation, purchase behavior, and expectations from the Fast Casual Restaurants firms across various regions?

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Issued By Marketlook Consulting
Country India
Categories Food , Restaurants
Tags fast casual restaurants market , fast casual restaurants , marketlook consulting , food and beverage
Last Updated December 22, 2022