Quick Service Restaurants (QSR) Market Worth USD 758.9 Billion by 2028 at 10.5% CAGR – Outlook By TechSci Research

Increasing urbanization and busy lifestyles, coupled with a rising demand for convenient and affordable dining options, are propelling the global quick service restaurants (QSR) market from 2024 to 2028.

As per the TechSci Research report “Global Quick Service Restaurants (QSR) Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the market reached USD 758.9 billion in 2022 and is expected to grow at a CAGR of 10.5% during 2024-2028. QSRs, known for their speed, convenience, and affordability, are dynamic and rapidly evolving within the broader food service industry.

QSRs prioritize quick and efficient service, offering pre-prepared meals with limited menu options. While traditional fast-food chains dominate, there's a rise in fast-casual concepts focusing on higher-quality ingredients and customization.



Browse over 26 market data Figures spread through 183 Pages and an in-depth TOC on "Global Quick Service Restaurants (QSR) Market”

https://www.techsciresearch.com/report/quick-service-restaurants-market/23219.html

The QSR market has seen substantial growth driven by urbanization, changing consumer preferences, and globalization. Emerging economies are expected to fuel further expansion. Modern consumers, with busy schedules, favor QSRs for quick meals. Dual-income households and demographics like millennials drive demand for on-the-go dining. Technological advancements, including mobile apps and self-service kiosks, enhance customer experience and operational efficiency.

There's a growing demand for healthier QSR options, with menus evolving to include salads and grilled items. Sustainability is gaining importance, with environmentally conscious consumers preferring eco-friendly practices. Customizing offerings for local tastes is vital for success in emerging markets.

In conclusion, the QSR market reflects evolving consumer preferences and societal trends. Adaptability, technology adoption, and catering to diverse tastes are key to success in this competitive landscape.

The Global Quick Service Restaurants (QSR) Market is segmented by type, service, region, and company. Dine-in segments are expected to lead growth, catering to patrons seeking full dining experiences. North America dominates the market due to fast food expansion, while Gulf countries are anticipated to have the highest CAGR due to shifting lifestyles and government investments.

Major companies operating in Global Quick Service Restaurants (QSR) Market are:

  • 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.

 

Download Free Sample Report@

https://www.techsciresearch.com/sample-report.aspx?cid=23219

Customers can also request for 10% free customization on this report.

 


The Quick Service Restaurants (QSR) market has seen rapid growth due to shifting consumer trends and global influences. With lifestyles becoming faster-paced, there's a heightened demand for convenient, quick meals. Technological integration, like mobile ordering and delivery services, has accelerated market expansion. Globalization has also led to diverse culinary offerings, attracting a wider customer base. With a focus on innovation, menu diversification, and catering to health-conscious preferences, the QSR market is set for sustained growth, adapting to changing consumer expectations and cementing its position in the global food service industry.

The report "Quick Service Restaurants (QSR) Market – Global Industry Size, Trends, Opportunity, and Forecast, Segmented By Type (Independent, Chain), Service (Eat-in, Takeaway, Drive-through, Home Delivery), Region, Competition, 2018-2028" evaluates the future growth potential of the global QSR market. It provides market intelligence to aid investment decisions, identifying emerging trends, drivers, challenges, and opportunities in the QSR market.

Top of Form

Review More Consumer Reports:

Rock Sport Protection Products Market: Rock Sport Protection Products Market was valued at USD 980.21 Million in 2023 and is anticipated to grow with a CAGR of 7.7% through 2029.

Dark Stone Market : Dark Stone Market was valued at USD 3.98 Billion in 2023 and is anticipated to grow with a CAGR of 4.8% through 2029. 

Racket Sports and Golf Equipment Market: Racket Sports and Golf Equipment Market was valued at USD 25.89 Billion in 2023 and is anticipated to grow with a CAGR of 4.5% through 2029. 

Base Layer Market: Base Layer Market was valued at USD 8.78 Billion in 2023 and is anticipated to grow with a CAGR of 4.6% through 2029.

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

Travel and Tourism Spending Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Image
Global travel and tourism spending, a dynamic industry, benefits diverse destinations economically, but faces fluctuations due to geopolitical events, economic conditions, and pandemic-related disruptions. According to the TechSci Research report, “Global Travel and Tourism Spending Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the market reached USD 605.4 Billion in 2022 and is projected to grow at a 5.7% CAGR during 2024-2028. Influenced by economic conditions, geopolitical events, and technological advancements, the market reflects trends such as sustainable and wellness-focused travel, technological integration, and rising interest in experience-driven and domestic travel. Challenges include economic uncertainties, geopolitical tensions, technological disruptions, environmental concerns, and ongoing COVID-19 impacts. Adaptability and innovation are key to navigating these dynamics. Despite challenges, the sector remains vital, fostering...
Read more

India Hair Care Market Size, 2019 Trend and Opportunities, PESTEL Analysis, CAGR and Value Chain Study to 2029

Image
Demand for new and innovative hair care products is expected to drive the growth of India hair care market during the forecast period According to TechSci Research report,  “ India Hair Care Market  By Type (Hair Spray, Conditioner, Shampoo, Hair Oil, Others), By Distribution Channel (Modern Trade, General Store, Specialty Stores, Online Sales Channel, Others), By Region, Competition, Forecast & Opportunities, 2029 ” , India hair care market is expected to witness steady CAGR during the forecast period. Introduction of customized products is  one of the major factors accounting for the  growth of India hair care market. Moreover, changing grooming patterns, especially among male consumers, is expected to bode well for the growth of India hair care market through the forecast period. In addition to this, increasing demand for clean label products, is positively influencing the growth of India hair care market. Also, growing prevalence of hair-related issues is mak...
Read more

2018-2028 Tankless Water Heater Market Future Predictions and New Updates

Image
  Rising infrastructural activities and increasing technology advancements such as water heaters incorporated with Wi-Fi is driving the global tankless water heater market. According to TechSci Research report, “ Tankless Water Heater Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”  The term "tankless" refers to a water heater that heats water as it flows through it and does not store any water internally except for what is left in the heat exchanger coil. Other names for tankless water heaters are continuous flow, immediate, inline, on-demand, flash, and instant-on. The expansion of the sector will be accelerated by ongoing infrastructure development projects caused by the growing economic development, particularly in developing economies. The market environment will favorably impact ongoing advancement of smart cities and low-emission buildings. One of the main reasons influencing the growth rate of the tankless water heate...
Read more