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Global Fast Casual Restaurant Market: By Food Type: Burger/Sandwich, Pizza/Pasta, Asian/Latin American Food, Chicken, Others; By Mode of Operation: Dine-in, Takeaway; By Nature; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Fast Casual Restaurant Market Outlook

The global fast casual restaurant market stood at a value of around USD 135.6 billion in 2020. The market is further expected to grow at a CAGR of 10.4% in the forecast period of 2022-2027 to attain a value of around USD 235.9 billion by 2026.

 

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. 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: Industry Definition and 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.

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.

 

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.
  • EXKi SA
  • Famous Brands Limited
  • Firehouse Restaurant Group, Inc.
  • Five Guys Enterprises, LLC
  • Panda Restaurant Group, Inc.
  • Wingstop Restaurants, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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/Sandwich, Pizza/Pasta, Asian/Latin American Food, Chicken, Others
Breakup by Mode of Operation Dine-in, Takeaway
Breakup by Nature Franchised, Standalone
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Chipotle Mexican Grill, Inc., EXKi SA, Famous Brands Limited, Firehouse Restaurant
Group, Inc., Five Guys Enterprises, LLC, Panda Restaurant Group. Inc., Wingstop Restaurants, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Fast Casual Restaurant Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Fast Casual Restaurant Historical Market (2017-2021) 
    8.3    Global Fast Casual Restaurant Market Forecast (2022-2027)
    8.4    Global Fast Casual Restaurant Market by Food Type
        8.4.1    Burger/Sandwich
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Pizza/Pasta
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Asian/Latin American Food
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Chicken
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Fast Casual Restaurant Market by Mode of Operation
        8.5.1    Dine-in
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Takeaway
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Fast Casual Restaurant Market by Nature
        8.6.1    Franchised
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Standalone
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Fast Casual Restaurant Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Chipotle Mexican Grill, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    EXKi SA
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Famous Brands Limited
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Firehouse Restaurant Group, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Five Guys Enterprises, LLC
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Panda Restaurant Group. Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Wingstop Restaurants, Inc.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Fast Casual Restaurant Market: Key Industry Highlights, 2016 and 2026
2.    Global Fast Casual Restaurant Historical Market: Breakup by Food Type (USD Billion), 2017-2021
3.    Global Fast Casual Restaurant Market Forecast: Breakup by Food Type (USD Billion), 2022-2027
4.    Global Fast Casual Restaurant Historical Market: Breakup by Mode of Operation (USD Billion), 2017-2021
5.    Global Fast Casual Restaurant Market Forecast: Breakup by Mode of Operation (USD Billion), 2022-2027
6.    Global Fast Casual Restaurant Historical Market: Breakup by Nature (USD Billion), 2017-2021
7.    Global Fast Casual Restaurant Market Forecast: Breakup by Nature (USD Billion), 2022-2027
8.    Global Fast Casual Restaurant Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Fast Casual Restaurant Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Fast Casual Restaurant Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Fast Casual Restaurant Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Fast Casual Restaurant Market Structure

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