NEW YORK, Nov. 10, 2022 /PRNewswire/ -- The fast casual restaurants market size is expected to grow by USD 186.27 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 12.41% during the forecast period. The fast casual restaurants market is driven by the demand for innovation and customization in food menus. In addition, the rise in popularity of chef-driven fast-casual restaurant franchises will be a key trend in the market during the forecast period. Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Major Fast Casual Restaurants Companies and their Offerings
- Chipotle Mexican Grill Inc. - The company offers burritos, burrito bowls, quesadillas, salads, tacos, sides, and drinks.
- Godfather's Pizza Inc. - The company offers pizzas in sizes such as mini, individual, small, medium large, and jumbo.
- Panda Restaurant Group Inc. - The company offers food where the menu is inspired by the flavors of Mandarin and Sichuan cuisines.
- Shake Shack Inc. - The company offers various types of snacks, including hot dogs, burgers, pizzas, pasta, and noodles.
- The Wendy's Co. - The company offers hamburgers, chicken nuggets, salads, fries, drinks, croissants, and biscuits.
- DICKEY'S BARBECUE RESTAURANTS Inc.
- Erbert & Gerbert's Sandwich Shop
- EXKi SA
- Famous Brands Ltd.
- Firehouse Restaurant Group Inc.
- Five Guys Enterprises LLC
- LYKE Kitchen
- McAlister's Franchisor SPV LLC
- MOD Super Fast Pizza LLC
- Noodles & Co.
- PORTILLOS Inc.
- Potbelly Corp.
- Smashburger Servicing LLC
- Wingstop Inc.
- YUM Brands Inc.
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Fast Casual Restaurants Market Product Outlook (Revenue, USD billion, 2021-2026)
- North American - size and forecast 2021-2026
- Italian - size and forecast 2021-2026
- Mexican - size and forecast 2021-2026
- Others - size and forecast 2021-2026
Fast Casual Restaurants Market Geography Outlook (Revenue, USD billion, 2021-2026)
- North America - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- Middle East and Africa - size and forecast 2021-2026
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Revenue-generating Product Segment
The North American segment will be a significant contributor to market growth during the forecast period. Approximately one-third of children and teenagers in the US regularly consume burgers, sandwiches, or other quick-serve foods. Hence, fast-casual restaurants in the US are incorporating many healthy meal options, which will drive the growth of this segment during the forecast period.
Market Driver
The demand for innovation and customization in food menus is driving market growth. Customers prefer foods with new and varied flavors. They prefer the option to customize their menu choices according to their tastes. Thus, several vendors are offering innovative and customizable food menus to attract customers. With the rising demand for innovative and customizable foods, the global fast-casual restaurants market is expected to grow significantly during the forecast period.
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Related Reports
Quick Service Restaurants Market by Service and Geography - Forecast and Analysis 2022-2026: Innovations in packaging and serving of food are a trend in the market. Packaging is often considered to be an extension of brand value. Therefore, the packaging of any brand is important in generating interest and curiosity among consumers.
Foodservice Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The emergence of ghost kitchens is a trend in the market. Ghost kitchens contain the kitchen equipment and facilities needed for the preparation of meals and other food items but have no dining area. These kitchens have emerged as a business model due to the rapid increase in consumer demand for food delivery.
Fast Casual Restaurants Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.41% |
Market growth 2022-2026 |
USD 186.27 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.39 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 44% |
Key consumer countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Chipotle Mexican Grill Inc., DICKEY'S BARBECUE RESTAURANTS Inc., Erbert & Gerbert's Sandwich Shop, EXKi SA, Famous Brands Ltd., Firehouse Restaurant Group Inc., Five Guys Enterprises LLC, Godfather's Pizza Inc., LYKE Kitchen, McAlister's Franchisor SPV LLC, MOD Super Fast Pizza LLC, Noodles & Co., Panda Restaurant Group Inc., PORTILLOS Inc., Potbelly Corp., Shake Shack Inc., Smashburger Servicing LLC, The Wendy's Co., 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, and 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. |
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Product
5.1 Market segments
5.2 Comparison by Product
5.3 North American - Market size and forecast 2021-2026
5.4 Italian - Market size and forecast 2021-2026
5.5 Mexican - Market size and forecast 2021-2026
5.6 Others - Market size and forecast 2021-2026
5.7 Market opportunity by Product
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 APAC - Market size and forecast 2021-2026
7.5 Europe - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 Germany - Market size and forecast 2021-2026
7.12 Canada - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Chipotle Mexican Grill Inc.
10.4 Firehouse Restaurant Group Inc.
10.5 Godfather's Pizza Inc.
10.6 McAlister's Franchisor SPV LLC
10.7 Noodles & Co.
10.8 Panda Restaurant Group Inc.
10.9 Potbelly Corp.
10.10 Shake Shack Inc.
10.11 The Wendy's Co.
10.12 YUM Brands Inc.
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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SOURCE Technavio
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