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Global Fast Casual Restaurant Market Share, Size, Growth, Trends, Analysis, 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; Competitive Landscape; 2023-2028
Global Fast Casual Restaurant Market Outlook
The global fast casual restaurant market stood at a value of around USD 189.7 billion in 2022. The market is further expected to grow at a CAGR of 11.5% in the forecast period of 2023-2028 to attain a value of around USD 364.52 billion by 2028.
Heightened Demand for Asian/Latin American Cuisine to Propel the Global Fast Casual Restaurant Industry
Based on food type, the Asian/Latin American food segment is predicted to account for a significant market share in the fast casual restaurant industry. This increase can be attributed to the increased demand for international cuisine among consumers.
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For instance, the growing fascination with the Chinese cuisines and Korean barbecue can be observed among consumers. Meanwhile, the heightened demand for comfort food, such as pizzas and pasta, is also predicted to catalyse the market growth in the coming years. Furthermore, restaurant businesses have been expanding internationally using franchising, which is expected to aid the market growth in the forecast period.
The Asia Pacific to Account for a Considerable Market Share in the Global Fast Casual Restaurant Industry
The Asia Pacific is estimated to occupy a considerable share of the fast casual restaurant industry in the forecast period. This growth can be attributed to the rapid urbanisation, increasing demand for convenient food, and growing innovations in the food and beverage industry in the region. The increasing demand for flavourful food with quick and premium services is anticipated to bolster the market growth. In addition, the rising disposable incomes and the improved living standards are predicted to significantly catalyse the market growth in the forecast period. Furthermore, the growing presence of the leading market players in the region is expected to provide lucrative opportunities for the industry growth in the region.
Fast Casual Restaurant: Market Segmentation
Fast casual restaurants are eateries that do not offer full table service. These are commonly found in the North America region. These eating joints provide high-quality food compared to fast food joints. They do not make use of frozen or processed ingredients but are freshly prepared instead. In addition, these restaurants provide speedy services like fast-food joints while offering high-quality food like fine dining restaurants. The quality, convenience, and taste offer enhanced consumer satisfaction.
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By food type, the market is divided into:
- Burger/Sandwich
- Pizza/Pasta
- Asian/Latin American Food
- Chicken
- Others
On the basis of mode of operation, the industry can be segmented into:
- Dine-in
- Takeaway
Based on nature, the market can be categorised into:
- Franchised
- Standalone
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased Adoption of Creative Production Strategies to Augment the Growth of the Global Fast Casual Restaurant Industry
Due to the increased consumption of fast food, there is an increased focus of food joints to deliver innovative products and services to attract consumers while catering to their changing demands. In this regard, the key market players in the fast casual restaurant industry are adopting creative production strategies to create flavourful dishes and attract more consumers. For instance, Chipotle Mexican Grill, Inc., a leading fast casual restaurant, recently launched its plant-based chorizo innovation, a new plant-based protein, in Denver and Indianapolis. This is anticipated to attract vegetarian and vegan eaters to Chipotle restaurants. Moreover, such innovations are predicted to positively influence youngsters and millennials due to a shift in their dietary habits. Furthermore, the growing demand for customised food options is estimated to aid the industry growth in the forecast period. However, the long-term health hazards, such as the high risk of obesity, heart diseases, digestive issues, and diabetes associated with the regular consumption of fast casual foods like pizzas and burgers, may hamper the market growth in the forecast period.
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Key Industry Players in the Global Fast Casual Restaurant Market
The report gives a detailed analysis of the following key players in the global fast casual restaurant market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Chipotle Mexican Grill, Inc
- Qdoba Restaurant Corporation
- BurgerFi International, Inc.
- DMI, Inc. (Jason's Deli)
- The Halal Guys
- Success Foods Management Group LLC
- Greek Xpress
- Panera Bread
- Jersey Mike's Franchise Systems, Inc
- Schlotzskys
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Food Type |
|
| Breakup by Mode of Operation |
|
| Breakup by Nature |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Fast Casual Restaurant Market Forecast (2023-2028)
8.4 Global Fast Casual Restaurant Market by Food Type
8.4.1 Burger and Sandwich
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Pizza and Pasta
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Asian and Latin America Food
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Chicken
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Takeaway
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Fast Casual Restaurant Market by Nature
8.6.1 Franchised
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Standalone
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Fast Casual Restaurant Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.4.1.2 Forecast Trend (2023-2028)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2022)
10.4.2.2 Forecast Trend (2023-2028)
10.4.3 France
10.4.3.1 Historical Trend (2018-2022)
10.4.3.2 Forecast Trend (2023-2028)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2022)
10.4.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
11.4.1.2 Forecast Trend (2023-2028)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2022)
11.4.2.2 Forecast Trend (2023-2028)
11.4.3 India
11.4.3.1 Historical Trend (2018-2022)
11.4.3.2 Forecast Trend (2023-2028)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2022)
11.4.4.2 Forecast Trend (2023-2028)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2022)
11.4.5.2 Forecast Trend (2023-2028)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2022)
11.4.6.2 Forecast Trend (2023-2028)
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 (2018-2022)
12.4.1.2 Forecast Trend (2023-2028)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2022)
12.4.2.2 Forecast Trend (2023-2028)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2022)
12.4.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
13.4.1.2 Forecast Trend (2023-2028)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2022)
13.4.2.2 Forecast Trend (2023-2028)
13.4.3 Nigeria
13.4.3.1 Historical Trend (2018-2022)
13.4.3.2 Forecast Trend (2023-2028)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2022)
13.4.4.2 Forecast Trend (2023-2028)
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 DMI, 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 Success Foods Management Group LLC
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
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 Jersey Mike's Franchise Systems, Inc
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 Schlotzskys
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 2028
2. Global Fast Casual Restaurant Historical Market: Breakup by Food Type (USD Million), 2018-2022
3. Global Fast Casual Restaurant Market Forecast: Breakup by Food Type (USD Million), 2023-2028
4. Global Fast Casual Restaurant Historical Market: Breakup by Mode of Operation (USD Million), 2018-2022
5. Global Fast Casual Restaurant Market Forecast: Breakup by Mode of Operation (USD Million), 2023-2028
6. Global Fast Casual Restaurant Historical Market: Breakup by Nature (USD Million), 2018-2022
7. Global Fast Casual Restaurant Market Forecast: Breakup by Nature (USD Million), 2023-2028
8. Global Fast Casual Restaurant Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Fast Casual Restaurant Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Fast Casual Restaurant Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Fast Casual Restaurant Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Fast Casual Restaurant Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Fast Casual Restaurant Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Fast Casual Restaurant Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Fast Casual Restaurant Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Fast Casual Restaurant Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Fast Casual Restaurant Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Fast Casual Restaurant Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Fast Casual Restaurant Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Fast Casual Restaurant Market Structure
Key Questions Answered in the Report
In 2022, the global fast casual restaurant market attained a value of nearly USD 189.7 billion.
The market is projected to grow at a CAGR of 11.5% between 2023 and 2028.
The major drivers of the industry, such as the increased demand for fast casual food among the working population and the gen Z population, rising demand for quick and quality food items, growing demand for international cuisines, rising disposable incomes, adoption of creative production strategies to create flavourful dishes, and the rapid investments in the research and development of the fast casual restaurant industry are expected to aid the market growth.
The key market trends guiding the growth of the industry include the the increased consumption of fast food and the growing demand for customised food options.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant food type segments include burger/sandwich, pizza/pasta, Asian/Latin American food, and chicken among others.
The significant modes of operation include dine-in and takeaway.
The major types, based on nature, include franchised and standalone.
The major players in the industry are Chipotle Mexican Grill, Inc, Qdoba Restaurant Corporation, BurgerFi International, Inc., DMI, Inc. (Jason's Deli), The Halal Guys, Success Foods Management Group LLC, Greek Xpress, Panera Bread, Jersey Mike's Franchise Systems, Inc, and Schlotzskys, among others.
Analyst Review
The global fast casual restaurant market attained a value of USD 189.7 billion in 2022, driven by the heightened deployment of innovative production strategies. Aided by increased investments in the fast casual restaurant industry and increased consumption of fast food, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 11.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By food type, the market can be distributed into burger/sandwich, pizza/pasta, Asian/Latin American food, and chicken among others. On the basis of modes of operation, the industry can be segmented into dine-in and takeaway. The market can be categorised, based on nature, into franchised and standalone. The major regional markets for fast casual restaurant are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Chipotle Mexican Grill, Inc, Qdoba Restaurant Corporation, BurgerFi International, Inc., DMI, Inc. (Jason's Deli), The Halal Guys, Success Foods Management Group LLC, Greek Xpress, Panera Bread, Jersey Mike's Franchise Systems, Inc, and Schlotzskys, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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