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Fast Casual Restaurant Market

Global Fast Casual Restaurant Market Share, Size, Forecast: By Food Type: Burger and Sandwich, Pizza and Pasta, Asian and Latin America Food, Chicken, Others; By Mode of Operation: Dine-in, Takeaway; By Nature: Franchised, Standalone; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Fast Casual Restaurant Market Outlook

The global fast casual restaurant market size reached USD 211.52 billion in 2023. The market is expected to grow at a CAGR of 11.5% between 2024 and 2032, reaching almost USD 563.41 billion by 2032.

 

Key Takeaways

  • Subway® experienced a 9.2% increase in same-store sales compared to the previous year, and a notable 29.1% rise from 2020, thus, indicating a growth in the global fast casual restaurant market.
  • Chipotle Mexican Grill, a fast-casual dining chain, announced $9.9 billion in total revenue for 2023, reflecting a 14.3% increase compared to the prior year.
  • A fast-casual restaurant merges fast food with casual dining, providing quality at affordable prices, using fresh ingredients, refined techniques, and customization.

 

A fast-casual eatery sits at the crossroads of fast food and casual dining, offering a blend of affordable prices and elevated food and service standards. They emphasize the use of fresh ingredients and refined culinary techniques to enhance the dining experience. Customers appreciate the opportunity to personalize their meals.

 

These venues provide swifter service than traditional sit-down restaurants, creating welcoming environments for relaxed dining. The inclusion of healthier menu choices, reasonable pricing, a wide array of dishes, and the integration of technology all contribute to an enhanced customer experience, often with a focus on community engagement.

 

According to the global fast casual restaurant market report, Subway®, a major player in the global restaurant industry, concluded another exceptional year, achieving record-breaking results attributed to its ongoing transformation initiative. This strategy encompasses menu enhancements, restaurant modernization efforts, and overall improvements in guest satisfaction.

 

Globally, Subway® saw a 9.2% rise in same-store sales compared to 2021, along with a substantial 29.1% increase compared to 2020 thus boosting the global fast casual restaurant market growth.

 

Global Fast Casual Restaurant Market

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Key Trends and Developments

The expansion of the global fast casual restaurant market is fuelled by evolving consumer tastes, easy entry into the market with promising returns, increased affordability, and the growing impact of marketing and branding strategies.

 

February 2024

Popeyes, a well-known American fast-food brand, may enter Australia through its parent company, Restaurant Brands International, aiming to challenge local competitors.

 

November 2023

The Great Greek Mediterranean Grill, based in Florida, introduces three new dining styles: a to-go outlet, a digital kitchen, and venue-specific setups for airports, universities, and stadiums, facilitating expansion.

 

August 2023

Wendy's, an American fast-food chain, marked a significant achievement with the opening of its 100th location in India, situated in Ahmedabad, Gujarat.

 

May 2023

Odd Burger, a global vegan fast-food brand, planned an expansion with 145 new outlets in India within a decade. Partnering with Earthlings Canada, they also aimed to open 5 locations in Singapore.

 

Changing consumer preference

The rise of fast-casual dining establishments is linked to shifts in consumer tastes, favouring healthier lifestyles. The move towards fresh, natural, and freshly made meals is driving the growth of fast-casual restaurants. These venues feature menus with freshly made, minimally processed items, which are increasingly popular and contribute to the global fast casual restaurant market growth.

 

Accessible entry and lucrative returns

The global fast casual restaurant market developments are attributed to the emergence of cloud kitchens that minimizes initial investment, leading to greater profitability in fast-casual dining ventures. This, alongside kitchen automation and the rise of delivery services, fosters growth in the sector.

 

Rise in affordability

Fast casual dining, known for its affordability, presents a budget-friendly alternative to traditional restaurants. With competitive pricing and diverse menu options, it remains popular, particularly among students and the working class, thus, propelling the market growth.

 

Growing influence of marketing and branding

According to the global fast casual restaurant market analysis, strategic marketing and branding play a pivotal role in advancing the fast casual restaurant sector. Fast casual restaurant chains leverage advertising and promotions to establish robust brand identities, appealing to diverse demographics and fostering consumer loyalty, thus sustaining demand for their products.

 

Global Fast Casual Restaurant Market Trends

The increasing consumption of convenient and packaged food items, along with the uptake of fast-food options such as frozen ready meals in the food service sector, is driving global fast casual restaurant market growth.

 

Additionally, the rising prevalence of food delivery apps, providing convenient doorstep delivery, quick ordering, and promotional incentives, is fostering a favourable market trajectory.

 

fast casual restaurant market by segment

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Market Segmentation

Global Fast Casual Restaurant Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Food Type

  • Burger and Sandwich
  • Pizza and Pasta
  • Asian and Latin American Food
  • Chicken
  • Others

 

Market Breakup by Mode of Operation

  • Dine-in
  • Takeaway

 

Market Breakup by Nature 

  • Franchised
  • Standalone

 

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Burgers and sandwiches contribute to the global fast casual restaurant market due to their versatility in ingredients and toppings, as well as their quick preparation and service

Burgers and sandwiches offer customization to suit personal preferences, ideal for quick, on-the-go meals, with various choices of bread, meats, and vegetables. They are also easily prepared for busy schedules.

 

Pizza and pasta cater to diverse dietary needs, providing a range of sauces and toppings for variety. They are quick to cook and serve and adaptable to different flavours and culinary styles.

 

Based on the mode of operations, the global fast casual restaurant market share is led by takeaways services due to their appeal for on-the-go consumption and accessibility, catering to busy individuals

Takeaway services offer affordability compared to dining in, eliminating the need for tipping or paying for table service and reducing overhead costs for restaurants.

 

Dine-in provides a complete dining experience with ambience, opportunities for social gatherings, and meals made fresh to order. Customers can request specific cooking methods or ingredient changes, and receive personalized service for special occasions, ensuring a satisfying dining experience.

 

Competitive Landscape

Market players are driving the growth of the global fast casual restaurant market through diverse menu offerings, which encompass vegetarian and gluten-sensitive selections.

 

Chipotle Mexican Grill, Inc., established in 1993 in the U.S., is a renowned American fast-casual restaurant chain recognized for its Mexican-inspired offerings. The eatery is popular for its sustainably sourced, high-quality burritos, tacos, and bowls. Chipotle stands out for its commitment to "Food with Integrity," focusing on responsibly sourced ingredients.

 

QDOBA Restaurant Corporation, founded in 1995 in the U.S., is an American fast-casual dining franchise specializing in Mexican cuisine. Originating from Denver, Colorado, Qdoba is known for its customizable burritos, tacos, and bowls, providing customers with a diverse selection of ingredients. The company takes pride in its fresh ingredients, vibrant flavours, and made-to-order meals.

 

BurgerFi International, Inc., established in 2011 in the U.S., is an American fast-casual restaurant brand renowned for its premium burgers made from all-natural, hormone-free Angus beef. Founded in Florida, BurgerFi offers a menu featuring gourmet burgers, hot dogs, fries, and milkshakes, emphasizing sustainable practices and environmentally friendly packaging. The company aims to deliver a modern, upscale burger dining experience.

 

Deli Management Inc. (Jason's Deli), founded in 1976 in the U.S., is a family-operated American fast-casual restaurant chain specializing in deli-style dishes like sandwiches, salads, soups, and pasta. Jason's Deli is famous for its wide-ranging menu options, including vegetarian and gluten-sensitive choices. The company focuses on using top-notch, natural ingredients to offer a nourishing dining experience for its customers.

 

Other key players in the global fast casual restaurant market are The Halal Guys, Sweetgreen, Inc, Greek Xpress, Panera Bread (JAB Holding Company), Shake Shack Enterprises, LLC, and Schlotzsky’s (GOTO Food) among others.

 

Global Fast Casual Restaurant Market by Region

Based on the region, global fast casual restaurant market share is driven by Asia Pacific. This rise is linked to rapid urbanization, a rising need for convenient dining options, and ongoing innovations in the food and beverage sector, particularly in countries such as India, China, and Japan.

 

In North America and Europe, the increasing desire for flavourful cuisine paired with prompt, high-quality services are projected to drive market expansion. Additionally, the growing presence of key market players in these regions is expected to create lucrative opportunities for industry growth.

 

Chipotle Mexican Grill, a fast casual restaurant establishment, reported total revenue of $9.9 billion for the year 2023, marking a 14.3% growth from the previous year.

 

Global Fast Casual Restaurant Market

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Food Type
  • Mode of Operation
  • Nature
  • Region
Breakup by Food Type
  • Burger and Sandwich
  • Pizza and Pasta
  • Asian and Latin America Food
  • Chicken
  • Others
Breakup by Mode of Operation
  • Dine-in
  • Takeaway
Breakup by Nature
  • Franchised
  • Standalone
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter’s Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Chipotle Mexican Grill, Inc
  • QDOBA Restaurant Corporation
  • BurgerFi International, Inc.
  • Deli Management, Inc (Jason's Deli)
  • The Halal Guys
  • Sweetgreen, Inc.
  • Greek Xpress
  • Panera Bread (JAB Holding Company)
  • Shake Shack Enterprises, LLC
  • Schlotzsky’s (GOTO Foods)
  • Others

 

Fast Casual Restaurant Market Report Snapshots

Fast Casual Restaurant Market Size

Fast Casual Restaurant Market Trends

Fast Casual Restaurant Market Regional Analysis

Fast Casual Restaurant Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions 
5    Executive Summary 

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Fast Casual Restaurant Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Fast Casual Restaurant Historical Market (2018-2023) 
    8.3    Global Fast Casual Restaurant Market Forecast (2024-2032)
    8.4    Global Fast Casual Restaurant Market by Food Type
        8.4.1    Burger and Sandwich
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Pizza and Pasta
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Asian and Latin America Food
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Chicken
            8.4.4.1    Historical Trend (2018-2023) 
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Fast Casual Restaurant Market by Mode of Operation
        8.5.1    Dine-in
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Takeaway
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Fast Casual Restaurant Market by Nature 
        8.6.1    Franchised
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Standalone
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Fast Casual Restaurant Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Fast Casual Restaurant Market Analysis
    9.1    Market by Food Type
    9.2    Market by Mode of Operation
    9.3    Market by Nature
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2023) 
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2023) 
            9.4.2.2    Forecast Trend (2024-2032)
10    Europe Fast Casual Restaurant Market Analysis
    10.1    Market by Food Type
    10.2    Market by Mode of Operation
    10.3    Market by Nature
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2023) 
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2023) 
            10.4.2.2    Forecast Trend (2024-2032)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2023) 
            10.4.3.2    Forecast Trend (2024-2032)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2023) 
            10.4.4.2    Forecast Trend (2024-2032)
        10.4.5    Others
11    Asia Pacific Fast Casual Restaurant Market Analysis
    11.1    Market by Food Type
    11.2    Market by Mode of Operation
    11.3    Market by Nature
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2023) 
            11.4.1.2    Forecast Trend (2024-2032)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2023) 
            11.4.2.2    Forecast Trend (2024-2032)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2023) 
            11.4.3.2    Forecast Trend (2024-2032)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2023) 
            11.4.4.2    Forecast Trend (2024-2032)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2023) 
            11.4.5.2    Forecast Trend (2024-2032)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2023) 
            11.4.6.2    Forecast Trend (2024-2032)
        11.4.7    Others
12    Latin America Fast Casual Restaurant Market Analysis
    12.1    Market by Food Type
    12.2    Market by Mode of Operation
    12.3    Market by Nature
    12.4    Market by Country
        12.4.1    Brazil
            12.4.1.1    Historical Trend (2018-2023) 
            12.4.1.2    Forecast Trend (2024-2032)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2023) 
            12.4.2.2    Forecast Trend (2024-2032)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2023) 
            12.4.3.2    Forecast Trend (2024-2032)
        12.4.4    Others
13    Middle East and Africa Fast Casual Restaurant Market Analysis
    13.1    Market by Food Type
    13.2    Market by Mode of Operation
    13.3    Market by Nature
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2023) 
            13.4.1.2    Forecast Trend (2024-2032)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2023) 
            13.4.2.2    Forecast Trend (2024-2032)
        13.4.3    Nigeria
            13.4.3.1    Historical Trend (2018-2023) 
            13.4.3.2    Forecast Trend (2024-2032)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2023) 
            13.4.4.2    Forecast Trend (2024-2032)
        13.4.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Chipotle Mexican Grill, Inc
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    QDOBA Restaurant Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BurgerFi International, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Deli Management, Inc (Jason's Deli) 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    The Halal Guys
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Sweetgreen, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Greek Xpress
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Panera Bread (JAB Holding Company)
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Shake Shack Enterprises, LLC 
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Schlotzsky’s (GOTO Foods)
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications 
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1    Global Fast Casual Restaurant Market: Key Industry Highlights, 2018 and 2032
2    Global Fast Casual Restaurant Historical Market: Breakup by Food Type (USD Billion), 2018-2023
3    Global Fast Casual Restaurant Market Forecast: Breakup by Food Type (USD Billion), 2024-2032
4    Global Fast Casual Restaurant Historical Market: Breakup by Mode of Operation (USD Billion), 2018-2023
5    Global Fast Casual Restaurant Market Forecast: Breakup by Mode of Operation (USD Billion), 2024-2032
6    Global Fast Casual Restaurant Historical Market: Breakup by Nature (USD Billion), 2018-2023
7    Global Fast Casual Restaurant Market Forecast: Breakup by Nature (USD Billion), 2024-2032
8    Global Fast Casual Restaurant Historical Market: Breakup by Region (USD Billion), 2018-2023
9    Global Fast Casual Restaurant Market Forecast: Breakup by Region (USD Billion), 2024-2032
10    North America Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2018-2023
11    North America Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2024-2032
12    Europe Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2018-2023
13    Europe Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2024-2032
14    Asia Pacific Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2018-2023
15    Asia Pacific Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2024-2032
16    Latin America Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2018-2023
17    Latin America Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2024-2032
18    Middle East and Africa Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2018-2023
19    Middle East and Africa Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2024-2032
20    Global Fast Casual Restaurant Market Structure

Key Questions Answered in the Report

The market was valued at USD 211.52 billion in 2023.

The market is projected to grow at a CAGR of 11.5% between 2024 and 2032.

The revenue generated from the fast casual restaurant market is expected to reach USD 563.41 billion in 2032.

The expansion of the fast casual restaurant market is fuelled by evolving consumer tastes, easy entry into the market with promising returns, increased affordability, and the growing impact of marketing and branding strategies.

The fast casual restaurant market is categorised according to its food type, which includes burgers and sandwiches, pizza and pasta, Asian and Latin American food, chicken, and others.

The major players in the industry are Chipotle Mexican Grill, Inc, QDOBA Restaurant Corporation, BurgerFi International, Inc., Deli Management, Inc. (Jason's Deli), The Halal Guys, Sweetgreen, Inc, Greek Xpress, Panera Bread (JAB Holding Company), Shake Shack Enterprises, LLC, and Schlotzsky’s (GOTO Food) among others.

Based on the mode of operation, the fast casual restaurant market is divided into dine-in and takeaway.

The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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