According to a market report by Lucintel, the future of the global quick food service restaurant market looks promising with opportunities in the eat-in, takeaway, drive-through, and home delivery service industries. The global quick food service restaurant market is expected to reach an estimated $1,120 billion by 2030 from $761.8 billion in 2023, at a CAGR of 6% from 2023 to 2030. The major drivers for this market are significant demand for fast-food and ready-to-eat food among people, increasing popularity of vegan fast food and fusion cuisine, and rising interest for restaurants equipped with modern digital technologies.
A more than 150-page report to understand trends, opportunity and forecast in quick food service restaurant market to 2030 by restaurant type (independent and chain), service (eat-in, takeaway, drive-through, and home delivery), cuisine type (American, Chinese, Italian, Mexican, Japanese, Turkish & Lebanese, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that chain restaurant segment is expected to witness a higher growth over the forecast period due to its widespread geographic accessibility, diversified cultural and traditional customs, and growing trend of regional and local food.
Eat-in will remain the largest segment due to increasing consumer interest for dining out at restaurants and rising percentage of customers regularly go out for the whole eating experience.
North America will remain the largest region due to growing preference for multiple cuisines, significantly growing e-commerce industry, and the presence of key players in the region.
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Ark Restaurant, Burger King, Carrols Restaurant, Chipotle Mexican Grill, Darden Concepts are the major suppliers in the quick food service restaurant market.
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