Quick Service Restaurants (QSR) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Independent, Chain), By Service (Eat-in, Takeaway, Drive-through, Home Delivery), By Region, By Competition, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 758.9 Billion

CAGR (2023-2028)

10.5%

Fastest Growing Segment

Drive-through

Largest Market

North America

 

Market Overview

Global Quick Service Restaurants (QSR) Market was valued at USD 758.9 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 10.5% through 2028. The Quick Service Restaurants (QSR) market, also known as the fast food industry, is a rapidly growing and dynamic segment of the global foodservice industry. QSRs are characterized by their standardized menus, limited table service, and focus on speed and convenience. The market is driven by a number of factors, including busy lifestyles, urbanization, and rising disposable incomes. QSRs are increasingly adopting digital technologies to enhance customer experience, improve operational efficiency, and drive sales. This includes using online ordering platforms, mobile apps, and kiosks. Consumers are becoming more health-conscious and are demanding healthier food options. QSRs are responding to this trend by offering more salads, grilled items, and whole-grain options. QSRs are providing more opportunities for customers to customize their orders to meet their individual preferences. This includes offering a wider variety of toppings, sauces, and sides. Delivery and takeout are becoming increasingly popular as consumers seek convenient dining options. QSRs are partnering with delivery platforms and investing in their own delivery fleets to meet this demand.

Furthermore, shifting consumer habits, people's hectic schedules, and the increasing ubiquity of e-commerce platforms are expected to fuel the growth of the Quick Service Restaurant (QSR) sector. Quick service restaurants, or QSRs, are becoming highly popular among young people since they offer takeaway, home delivery and a host of other speedy services to enhance the customer experience and keep up with modern demands. Cloud kitchens have grown in popularity since the outbreak. These businesses offer a restaurant's cooking services, but their main priorities are prompt delivery and off-premises dining. These operations save a large amount of money because they require less staffing and little startup costs. In the quick-service restaurant sector, on-demand food delivery is rapidly growing, and cloud kitchens are now supporting third-party delivery apps like GrubHub and DoorDash. Furthermore, consumers' shifting preferences for third-party delivery and quick, easy-to-pick-up options are fueling the industry's demand. Takeout and delivery-only choices increased the dependency on outside rapid delivery services. Large companies like DoorDash, UberEats, and GrubHub assist consumers since they facilitate the acquisition of new clients by offering several delivery options.

Key Market Drivers

Changing Consumer Lifestyles

The Quick Service Restaurants (QSR) market is profoundly influenced by the ongoing transformation in consumer lifestyles. In the hustle and bustle of modern life, consumers increasingly prioritize convenience and efficiency in their dining choices. One of the primary drivers of the QSR market is the prevalence of on-the-go lifestyles. As individuals find themselves caught in the daily grind of work, commutes, and various responsibilities, the demand for quick and accessible dining options has soared. Quick Service Restaurants capitalize on this trend by offering a fast and convenient alternative to traditional dine-in establishments. The need for speed in food service has prompted QSRs to innovate their menus, focusing on items that can be prepared and served rapidly. This section explores how QSRs adapt their culinary offerings to meet the demands of on-the-go consumers, emphasizing quick preparation methods, portable packaging, and grab-and-go options. To cater to time-conscious consumers, QSRs have heavily invested in drive-thru facilities and mobile ordering systems. These technological advancements streamline the ordering process, allowing customers to place and pay for their orders with minimal wait times. This part of the analysis examines the significance of drive-thru and mobile ordering in enhancing customer convenience and overall satisfaction.

QSRs are diversifying their menus to include healthier alternatives, such as salads, grilled options, and plant-based offerings. This subsection investigates the impact of health-conscious choices on menu development, exploring the challenges and opportunities faced by QSRs in balancing health considerations with the need for quick service. Consumers today are more informed and conscientious about the sourcing and quality of their food. QSRs are responding by adopting transparent sourcing practices and providing detailed information about ingredients. This part of the analysis examines how QSRs build trust with consumers by prioritizing transparency in their supply chains and highlighting the quality of their ingredients.

Globalization and Cultural Influences

The Quick Service Restaurants (QSR) market has witnessed a significant transformation due to globalization and the influence of diverse cultures. This driver explores how the QSR industry adapts to and leverages cultural differences on a global scale, impacting menu offerings, marketing strategies, and overall brand positioning. As QSRs seek growth opportunities beyond their home markets, international expansion becomes a key driver. This section examines the various strategies employed by QSR chains to successfully navigate the challenges of entering new regions and appealing to diverse consumer preferences. Franchising is a common strategy for QSRs expanding globally. This subsection explores how the franchise model allows QSRs to enter new markets with the support of local entrepreneurs, adapting to regional tastes while maintaining brand consistency. Case studies and examples illustrate successful franchising models in the QSR industry.

The success of QSRs on a global scale hinges on their ability to adapt to local tastes and preferences. This subsection delves into the strategies employed by QSRs to offer menu items that align with the culinary expectations of diverse consumer bases. QSRs often customize their menus to include items that cater to local tastes and dietary habits. This analysis explores how QSRs strike a balance between standardized offerings and regional customization, showcasing examples of menu adaptations that have resonated with consumers in different parts of the world.

Economic Factors and Affordability

Economic factors play a pivotal role in shaping the Quick Service Restaurants (QSR) market. Affordability, disposable income levels, and economic trends significantly impact consumer spending patterns and, consequently, the success of QSR establishments. This section delves into the ways in which economic factors influence the QSR market. One of the primary drivers within the QSR market is the affordability of menu items. QSRs are positioned as cost-effective alternatives to traditional dining, catering to a broad consumer base. This subsection examines how QSRs navigate price sensitivity and affordability, striking a balance between offering value for money and maintaining profitability.

QSRs often feature value menus and promotional offers to attract price-conscious consumers. This analysis explores the impact of value-driven initiatives on customer retention and acquisition, as well as the challenges QSRs face in maintaining profitability amidst intense competition. The disposable income levels of consumers directly influence their dining choices, impacting the overall performance of the QSR market. This subsection explores how QSRs cater to varying income brackets and adapt their offerings to align with the spending capacity of different consumer segments. QSRs often design menu options and marketing strategies to appeal to diverse income groups. This analysis examines how QSRs segment their target audience based on income levels, tailoring their offerings to meet the preferences and affordability thresholds of both budget-conscious and higher-spending consumers. In addition to catering to budget-conscious consumers, QSRs also explore opportunities to upsell premium offerings to those with higher disposable incomes. This part of the analysis delves into how QSRs strategically introduce premium items and upselling tactics to boost revenue without alienating cost-sensitive customers.


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Key Market Challenges

Changing Consumer Preferences and Health Consciousness:

The QSR industry is facing a significant challenge in adapting to the evolving preferences of consumers, particularly the growing emphasis on health-conscious choices. As consumers become more health-aware, there is a shift in demand towards nutritious and well-balanced meals. QSRs, traditionally associated with fast but not always healthy food, are confronted with the need to revamp their menus and incorporate healthier options. Consumers are increasingly seeking out options that align with their health and wellness goals. This section explores the challenges QSRs encounter in innovating their menus to include healthier choices while maintaining the speed and convenience that defines their service model. It delves into sourcing challenges, potential resistance from consumers accustomed to traditional offerings, and the delicate balance between taste and health.

Transparency in ingredient sourcing has become a focal point for consumers. They want to know where their food comes from and whether it meets certain ethical and sustainability standards. This subsection examines the challenges QSRs face in providing transparent information about their ingredients and sourcing practices. It also considers the operational adjustments required to meet these demands while ensuring cost-effectiveness.

Technological Disruption and Integration

The advent of technology has brought about both opportunities and challenges for the Quick Service Restaurants (QSR) market. While technology has the potential to enhance efficiency and customer experience, its rapid evolution poses challenges in terms of implementation, investment, and staying ahead of the curve. As technology becomes increasingly integrated into daily life, consumers expect a seamless and tech-savvy experience, even in their dining choices. This section explores the challenges QSRs face in adopting and integrating advanced ordering systems, including mobile apps, self-service kiosks, and artificial intelligence. It delves into issues such as the initial investment costs, staff training, and ensuring a user-friendly experience for customers. The collection of customer data for personalized services and targeted marketing is a common practice in the digital age. However, it brings forth significant challenges in terms of data security and privacy. This subsection examines the challenges QSRs encounter in handling and protecting customer data, complying with regulations, and maintaining trust in an era where data breaches are a growing concern.

Intense Competition and Market Saturation

The Quick Service Restaurants (QSR) market is highly competitive, with numerous brands vying for consumer attention. The challenge of standing out in a crowded market, coupled with concerns of oversaturation, poses significant hurdles for both established players and new entrants. In a sea of QSR options, establishing a unique brand identity and differentiating from competitors is a formidable challenge. This section explores the strategies QSRs employ to innovate and differentiate themselves, from menu offerings to marketing approaches. It delves into the delicate balance of maintaining core brand identity while adapting to evolving consumer trends and preferences. While competition is intense globally, QSRs also face challenges on a local level, where regional players may have a stronger foothold. This subsection examines how QSRs navigate the complexities of localized competition, considering factors such as cultural nuances, taste preferences, and established local brands. Additionally, it explores the challenges and opportunities associated with global expansion, including adapting to diverse markets and mitigating the risks of market entry.

Key Market Trends

Digital Transformation

The digital transformation of the QSR industry is a pervasive trend that has reshaped how these restaurants operate, connect with customers, and streamline their processes. This trend encompasses various aspects, from digital ordering systems to the integration of technology for a seamless customer experience. One of the prominent aspects of digital transformation in QSRs is the widespread adoption of mobile ordering and delivery platforms. As consumers increasingly rely on their smartphones for convenience, QSRs are leveraging mobile apps to offer streamlined ordering processes. This subsection explores the impact of mobile ordering on customer satisfaction, order accuracy, and the ability of QSRs to adapt to changing consumer behaviors.

The integration of self-service kiosks and automation in QSR establishments represents a shift towards efficiency and enhanced customer experience. This subsection examines how self-service kiosks streamline the ordering process, reduce wait times, and empower customers with customizable options. It also delves into the challenges and benefits of implementing automation, including initial costs, staff training, and the potential impact on job roles. QSRs are increasingly leveraging data analytics to understand customer preferences and tailor their offerings. This section explores how data-driven insights enable QSRs to create personalized experiences, from targeted marketing campaigns to customized menu recommendations. It delves into the challenges of data privacy, ethical considerations, and the balance between personalization and customer comfort.

Sustainable Practices

Sustainability has become a central focus in the Quick Service Restaurants (QSR) market, driven by increasing consumer awareness and demands for environmentally responsible business practices. This trend encompasses a range of initiatives, from sourcing ethically produced ingredients to reducing waste and minimizing the carbon footprint of QSR operations. Consumers today are more conscious about the environmental and ethical impact of their food choices. This section explores how QSRs are adopting sustainable sourcing practices, including the use of ethically produced ingredients, local sourcing, and transparency in the supply chain. It examines the challenges of implementing such practices, from ensuring a stable supply chain to managing costs and communicating these efforts effectively to consumers. Addressing the issue of waste is a crucial aspect of sustainable practices in the QSR industry. This subsection delves into the initiatives QSRs are taking to minimize waste, including reducing single-use plastics, implementing recycling programs, and embracing a circular economy model. It also explores the challenges associated with waste reduction, such as operational adjustments, customer education, and the economic viability of sustainable packaging alternatives.

The rise of plant-based diets and the demand for alternative protein sources are significant components of the sustainable practices trend in QSRs. This section explores how QSRs are incorporating plant-based and alternative protein options into their menus to cater to the growing segment of environmentally conscious consumers. It discusses the challenges of introducing and promoting these options, from taste preferences to supply chain considerations.

Segmental Insights

Type Insights

Based on type, the market is segmented into dine-in, takeaway, and delivery based on service type. The dine-in segment is expected to lead the market growth in the coming years. Dine-ins are the orders that customers who are dining in place at a restaurant place. Because of their busy schedules or want to treat themselves to an outside meal, many patrons venture out for a full eating experience on a frequent basis. As a result, restaurant foot traffic has surged. When the idea of online food delivery was new to the market, takeaway services were well-liked. Nonetheless, in the past ten years, the proliferation of online meal delivery platforms has been exponential due to factors such as the increasing use of smartphones, shifting consumer preferences, convenience of ordering, and attractive incentives offered by operators to entice clients. The delivery category is anticipated to grow at the fastest rate over the projection period due to the increased global use of digital solutions.


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Regional Insights

North America holds the largest market share due to fast food companies are expanding quickly and households are employing more people. Due to consumers' growing preference for dining in quick-service restaurants, the United States leads the world in the QSR market. Due to shifting lifestyles, a rise in tourism, and significant government investments in the food sector, the Gulf countries are expected to have the greatest CAGR in the upcoming years. The operational expenses of businesses providing food-related services are increasing significantly in the United States, Canada, and Mexico. The profit margins of many businesses are under tremendous pressure due to rising Labour and raw material costs. As a result, automation and digitization are highly desired in the food production and service industries.

Recent Developments

  • In 2021 - Domino's announced its partnership with Nuro, one of the most renowned companies offering self-driving delivery services to launch an autonomous pizza delivery system in Houston, U.S. Customers can order by paying in advance and the Nuro R2 Robots will supply their orders.
  •  In 2022 - The Bloomin' Brands-owned Outback Steakhouse restaurants have revealed that they will be introducing new hotels with contemporary design elements in their dining areas. The corporation opened three additional locations in the United States: Steele Creek, Fort Worth, and Polaris.

Key Market Players

  • Chick-fil-A
  • Papa John's International, Inc.
  • Subway IP LLC
  • Starbucks Corporation
  • Yum! Brands, Inc.
  • McDonald's Corporation
  • Restaurant Brands International Inc.
  • The Wendy's Company
  • Dunkin (Inspire Brands)
  • Domino's Pizza, Inc.

 By Type

By Service

By Region
  • Independent
  • Chain
  • Eat-in
  • Takeaway
  • Drive-through
  • Home Delivery   
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Quick Service Restaurants (QSR) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Quick Service Restaurants (QSR) Market, By Type:

o   Independent

o   Chain

  • Quick Service Restaurants (QSR) Market, By Service:

o   Eat-in

o   Takeaway

o   Drive-through

o   Home Delivery   

  • Quick Service Restaurants (QSR) Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Quick Service Restaurants (QSR) Market.

Available Customizations:

Global Quick Service Restaurants (QSR) market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Quick Service Restaurants (QSR) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decisions

4.3.  Challenges Faced

5.    Global Quick Service Restaurants (QSR) Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Independent, Chain)

5.2.2.    By Service Market Share Analysis (Eat-in, Takeaway, Drive-through, Home Delivery)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        South America Market Share Analysis

5.2.3.3.        Middle East & Africa Market Share Analysis

5.2.3.4.        Europe Market Share Analysis

5.2.3.5.        Asia-Pacific Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Quick Service Restaurants (QSR) Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Service Market Mapping & Opportunity Assessment

5.3.3.    By Region Channel Market Mapping & Opportunity Assessment

6.    North America Quick Service Restaurants (QSR) Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Service Market Share Analysis

6.3.  North America: Country Analysis

6.3.1.    United States Quick Service Restaurants (QSR) Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Service Market Share Analysis

6.3.2.    Canada Quick Service Restaurants (QSR) Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Service Market Share Analysis

6.3.3.    Mexico Quick Service Restaurants (QSR) Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Service Market Share Analysis

7.    Europe Quick Service Restaurants (QSR) Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Service Market Share Analysis

7.3.  Europe: Country Analysis

7.3.1.    Germany Quick Service Restaurants (QSR) Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Service Market Share Analysis

7.3.2.    United Kingdom Quick Service Restaurants (QSR) Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Service Market Share Analysis

7.3.3.    Italy Quick Service Restaurants (QSR) Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Service Market Share Analysis

7.3.4.    France Quick Service Restaurants (QSR) Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Service Market Share Analysis

7.3.5.    Spain Quick Service Restaurants (QSR) Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Service Market Share Analysis

8.    Asia-Pacific Quick Service Restaurants (QSR) Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Service Market Share Analysis

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Quick Service Restaurants (QSR) Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Service Market Share Analysis

8.3.2.    India Quick Service Restaurants (QSR) Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Service Market Share Analysis

8.3.3.    Japan Quick Service Restaurants (QSR) Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Service Market Share Analysis

8.3.4.    South Korea Quick Service Restaurants (QSR) Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type Market Share Analysis

8.3.4.2.2.           By Service Market Share Analysis

8.3.5.    Australia Quick Service Restaurants (QSR) Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type Market Share Analysis

8.3.5.2.2.           By Service Market Share Analysis

9.    South America Quick Service Restaurants (QSR) Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Service Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Quick Service Restaurants (QSR) Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Service Market Share Analysis

9.3.2.    Argentina Quick Service Restaurants (QSR) Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Service Market Share Analysis

9.3.3.    Colombia Quick Service Restaurants (QSR) Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Service Market Share Analysis

10. Middle East and Africa Quick Service Restaurants (QSR) Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Service Market Share Analysis

10.3.             MEA: Country Analysis

10.3.1. South Africa Quick Service Restaurants (QSR) Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Service Market Share Analysis

10.3.2. Saudi Arabia Quick Service Restaurants (QSR) Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Service Market Share Analysis

10.3.3. UAE Quick Service Restaurants (QSR) Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Service Market Share Analysis

10.3.4. Turkey Quick Service Restaurants (QSR) Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Service Market Share Analysis

10.3.5. Egypt Quick Service Restaurants (QSR) Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type Market Share Analysis

10.3.5.2.2.         By Service Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Market Trends & Developments

13. SWOT Analysis

13.1.            Strength

13.2.            Weakness

13.3.            Opportunity

13.4.            Threat

14. Competitive Landscape

14.1.            Company Profiles

14.1.1. Chick-fil-A

14.1.1.1.     Company Details

14.1.1.2.     Products & Services

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Papa John's International, Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products & Services

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Subway IP LLC

14.1.3.1.     Company Details

14.1.3.2.     Products & Services

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Starbucks Corporation

14.1.4.1.     Company Details

14.1.4.2.     Products & Services

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Yum! Brands, Inc.

14.1.5.1.     Company Details

14.1.5.2.     Products & Services

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. McDonald's Corporation

14.1.6.1.     Company Details

14.1.6.2.     Products & Services

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Restaurant Brands International Inc.

14.1.7.1.     Company Details

14.1.7.2.     Products & Services

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. The Wendy's Company

14.1.8.1.     Company Details

14.1.8.2.     Products & Services

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Dunkin (Inspire Brands)

14.1.9.1.     Company Details

14.1.9.2.     Products & Services

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.              Domino's Pizza, Inc.

14.1.10.1.  Company Details

14.1.10.2.  Products & Services

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Recent Developments

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.2.            Target Type

15.3.            Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Quick Service Restaurants (QSR) Market was estimated to be USD 758.9 billion in 2022.

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The dine-in segment dominated the market. Dine-ins are the orders that customers who are dining in place at a restaurant place. Because of their busy schedules or want to treat themselves to an outside meal, many patrons venture out for a full eating experience on a frequent basis.

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North America dominated the market with a revenue share in 2022. Due to consumers' growing preference for dining in quick-service restaurants, the United States leads the world in the QSR market.

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increasing urbanization and busy lifestyles, rising disposable incomes, growing demand for convenient and affordable food options are the major drivers for the global quick service restaurants (QSR) market.

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Parvati Sharma

Account Manager BD
Press Release

Quick Service Restaurants (QSR) Market to Grow with a CAGR of 10.5% Globally through to 2028

Jan, 2024

Increasing urbanization and busy lifestyles and growing demand for convenient and affordable food options are factors driving the global quick service restaurants (QSR) market in the forecast period

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