NEW YORK, March 31, 2023 /PRNewswire/ -- The size of the fast-casual restaurants market in the US is estimated to grow by USD 55.4 billion from 2022 to 2027, progressing at a CAGR of 11.56% during the forecast period, according to Technavio Research. This study identifies the increasing focus on the digitalization of services as one of the prime reasons driving the fast-casual restaurant market growth in the US during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Discover some insights on market size historic period (2017 to 2021) and forecast market data (2023-2027) before buying the full report - Request a sample report
Fast Casual Restaurants Market in the US 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fast-casual restaurants market in the US report covers the following areas:
- Fast Casual Restaurants Market in US Size
- Fast Casual Restaurants Market in US Trends
- Fast Casual Restaurants Market in US Industry Analysis
Fast Casual Restaurants Market in the US 2023-2027: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amergent Hospitality Group Inc., BurgerFi International Inc., Chipotle Mexican Grill Inc., Five Guys Enterprises LLC, Focus Brands LLC, Godfathers Pizza Inc., Jimmy Johns Franchisor SPV LLC, McAlisters Franchisor SPV LLC, MOD Super Fast Pizza LLC, Noodles and Co., Panda Restaurant Group Inc., Panera Bread Co., PORTILLOS Inc., Qdoba Restaurant Corp., Restaurant Brands International Inc., Shake Shack Inc., The Wendys Co., Uncle Maddios Pizza, Wingstop Inc., and YUM Brands Inc. are some of the major market participants.
Frequently Asked Questions:
- What are the major trends in the market?
The growing focus on the digitalization of services is a factor supporting the US fast-casual restaurants' market share growth. - Who are the top players in the market?z
Amergent Hospitality Group Inc., BurgerFi International Inc., Chipotle Mexican Grill Inc. are some of the top players in the market. - What are the key market drivers and challenges?
The demand for innovation and customization in food menus is driving the market growth significantly, although factors such as intense competition from quick-service restaurants may impede the market growth.
Fast Casual Restaurants Market in the US 2023-2027: Segmentation
The fast casual restaurants market in the US is segmented based on channel (dine-in and takeaway) and product (North American, Italian, Mexican, and Others).
The market share growth of the dine-in segment will be significant for the fast-casual restaurants market growth during the forecast period. Many consumers are looking for a balance between the convenience of fast food and the experience of dining in a casual restaurant. Dine-in operations at fast casual restaurants in the US usually involve customers ordering and paying at a counter or kiosk. Various fast-casual restaurants also have outdoor seating or patio areas and are known for their fast service, casual atmosphere, and healthier menu options compared with traditional fast-food restaurants. Some restaurants may have a self-service beverage station and offer table service for refills or additional items. These advances in dine-in are expected to contribute to the growth of the fast-casual restaurant market in the US during the forecast period.
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Fast Casual Restaurants Market in the US 2023-2027: Challenge
The intense competition from quick-service restaurants is a major challenge for the fast-casual restaurant market in the US during the forecast period. Options such as dining in, drive-thru ordering, delivery services, and quick-service restaurants (QSRs) offer the fastest dining experience. A fast-casual restaurant is considered to be faster than a traditional one but slower than a QSR. Unlike fast-casual restaurants, QSRs generally offer the same menu options with seasonal updates, and the average meal price of food served at QSRs is comparatively lower than that of fast-casual restaurants. QSRs are highly preferred for on-the-go food, as they generally take less time for food delivery. They also collaborate with third-party delivery service providers to increase their market reach. Hence, the services provided by QSRs are restricting the growth of the fast casual restaurants market in the US.
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Fast Casual Restaurants Market in the US 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist the fast-casual restaurants growth market in the US during the next five years
- Estimation of the fast-casual restaurants market size in the US and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the fast-casual restaurants market across the US
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the fast-casual restaurants market vendors in the US
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Fast Casual Restaurants Market Scope in the US |
|
Report Coverage |
Details |
Historic period |
2017-2021 |
Base Year |
2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.56% |
Market growth 2023-2027 |
USD 55.4 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
10.66 |
Regional analysis |
US |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amergent Hospitality Group Inc., BurgerFi International Inc., Chipotle Mexican Grill Inc., Five Guys Enterprises LLC, Focus Brands LLC, Godfathers Pizza Inc., Jimmy Johns Franchisor SPV LLC, McAlisters Franchisor SPV LLC, MOD Super Fast Pizza LLC, Noodles and Co., Panda Restaurant Group Inc., Panera Bread Co., PORTILLOS Inc., Qdoba Restaurant Corp., Restaurant Brands International Inc., Shake Shack Inc., The Wendys Co., Uncle Maddios Pizza, Wingstop Inc., and YUM Brands Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio Consumer Discretionary market reports
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Fast casual restaurants market in US 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Fast casual restaurants market in US 2017 - 2021 ($ billion)
- 4.2 Channel Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Channel Segment 2017 - 2021 ($ billion)
- 4.3 Product Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Channel
- 6.1 Market segments
- Exhibit 25: Chart on Channel - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Channel - Market share 2022-2027 (%)
- 6.2 Comparison by Channel
- Exhibit 27: Chart on Comparison by Channel
- Exhibit 28: Data Table on Comparison by Channel
- 6.3 Dine-in - Market size and forecast 2022-2027
- Exhibit 29: Chart on Dine-in - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Dine-in - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Dine-in - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Dine-in - Year-over-year growth 2022-2027 (%)
- 6.4 Takeaway - Market size and forecast 2022-2027
- Exhibit 33: Chart on Takeaway - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Takeaway - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Takeaway - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Takeaway - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Channel
- Exhibit 37: Market opportunity by Channel ($ billion)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 38: Chart on Product - Market share 2022-2027 (%)
- Exhibit 39: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 40: Chart on Comparison by Product
- Exhibit 41: Data Table on Comparison by Product
- 7.3 North American - Market size and forecast 2022-2027
- Exhibit 42: Chart on North American - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Data Table on North American - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Chart on North American - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on North American - Year-over-year growth 2022-2027 (%)
- 7.4 Italian - Market size and forecast 2022-2027
- Exhibit 46: Chart on Italian - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Data Table on Italian - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Chart on Italian - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Italian - Year-over-year growth 2022-2027 (%)
- 7.5 Mexican - Market size and forecast 2022-2027
- Exhibit 50: Chart on Mexican - Market size and forecast 2022-2027 ($ billion)
- Exhibit 51: Data Table on Mexican - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Chart on Mexican - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Mexican - Year-over-year growth 2022-2027 (%)
- 7.6 Others - Market size and forecast 2022-2027
- Exhibit 54: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 55: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 57: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by Product
- Exhibit 58: Market opportunity by Product ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 60: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 61: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 62: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 63: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 64: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 65: Matrix on vendor position and classification
- 11.3 Amergent Hospitality Group Inc.
- Exhibit 66: Amergent Hospitality Group Inc. - Overview
- Exhibit 67: Amergent Hospitality Group Inc. - Product / Service
- Exhibit 68: Amergent Hospitality Group Inc. - Key offerings
- 11.4 BurgerFi International Inc.
- Exhibit 69: BurgerFi International Inc. - Overview
- Exhibit 70: BurgerFi International Inc. - Business segments
- Exhibit 71: BurgerFi International Inc. - Key offerings
- Exhibit 72: BurgerFi International Inc. - Segment focus
- 11.5 Five Guys Enterprises LLC
- Exhibit 73: Five Guys Enterprises LLC - Overview
- Exhibit 74: Five Guys Enterprises LLC - Product / Service
- Exhibit 75: Five Guys Enterprises LLC - Key offerings
- 11.6 Focus Brands LLC
- Exhibit 76: Focus Brands LLC - Overview
- Exhibit 77: Focus Brands LLC - Product / Service
- Exhibit 78: Focus Brands LLC - Key offerings
- 11.7 Godfathers Pizza Inc.
- Exhibit 79: Godfathers Pizza Inc. - Overview
- Exhibit 80: Godfathers Pizza Inc. - Product / Service
- Exhibit 81: Godfathers Pizza Inc. - Key offerings
- 11.8 Jimmy Johns Franchisor SPV LLC
- Exhibit 82: Jimmy Johns Franchisor SPV LLC - Overview
- Exhibit 83: Jimmy Johns Franchisor SPV LLC - Product / Service
- Exhibit 84: Jimmy Johns Franchisor SPV LLC - Key offerings
- 11.9 MOD Super Fast Pizza LLC
- Exhibit 85: MOD Super Fast Pizza LLC - Overview
- Exhibit 86: MOD Super Fast Pizza LLC - Product / Service
- Exhibit 87: MOD Super Fast Pizza LLC - Key offerings
- 11.10 Noodles and Co.
- Exhibit 88: Noodles and Co. - Overview
- Exhibit 89: Noodles and Co. - Product / Service
- Exhibit 90: Noodles and Co. - Key offerings
- 11.11 Panda Restaurant Group Inc.
- Exhibit 91: Panda Restaurant Group Inc. - Overview
- Exhibit 92: Panda Restaurant Group Inc. - Product / Service
- Exhibit 93: Panda Restaurant Group Inc. - Key offerings
- 11.12 Panera Bread Co.
- Exhibit 94: Panera Bread Co. - Overview
- Exhibit 95: Panera Bread Co. - Product / Service
- Exhibit 96: Panera Bread Co. - Key offerings
- 11.13 PORTILLOS Inc.
- Exhibit 97: PORTILLOS Inc. - Overview
- Exhibit 98: PORTILLOS Inc. - Product / Service
- Exhibit 99: PORTILLOS Inc. - Key offerings
- 11.14 Qdoba Restaurant Corp.
- Exhibit 100: Qdoba Restaurant Corp. - Overview
- Exhibit 101: Qdoba Restaurant Corp. - Product / Service
- Exhibit 102: Qdoba Restaurant Corp. - Key offerings
- 11.15 Restaurant Brands International Inc.
- Exhibit 103: Restaurant Brands International Inc. - Overview
- Exhibit 104: Restaurant Brands International Inc. - Business segments
- Exhibit 105: Restaurant Brands International Inc. - Key news
- Exhibit 106: Restaurant Brands International Inc. - Key offerings
- Exhibit 107: Restaurant Brands International Inc. - Segment focus
- 11.16 Shake Shack Inc.
- Exhibit 108: Shake Shack Inc. - Overview
- Exhibit 109: Shake Shack Inc. - Product / Service
- Exhibit 110: Shake Shack Inc. - Key offerings
- 11.17 Uncle Maddios Pizza
- Exhibit 111: Uncle Maddios Pizza - Overview
- Exhibit 112: Uncle Maddios Pizza - Product / Service
- Exhibit 113: Uncle Maddios Pizza - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 114: Inclusions checklist
- Exhibit 115: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 116: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 117: Research methodology
- Exhibit 118: Validation techniques employed for market sizing
- Exhibit 119: Information sources
- 12.5 List of abbreviations
- Exhibit 120: List of abbreviations
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SOURCE Infiniti Research, Inc.
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