Fast Casual Restaurant Market

The fast casual restaurant market size was valued at $125.6 billion in 2019, and is expected to reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027. The burger/sandwich segment led in terms of fast casual restaurant market share in 2019 and is expected to retain its dominance throughout the forecast period.

The introduction of concept of cloud kitchens reduces the capital expenditure. Low capital costs and higher profit margins result into significant investment on fast casual restaurants. Furthermore, increased automation in kitchen and emergence of deliver to door companies further create new growth opportunities for such kitchens around the world. Expansion of deliver to door services along with cloud kitchens boost the sales and profits of fast casual restaurants in the coming few years. 

About one-third consumers in the Asia-Pacific region use deliver to door services for getting their food delivered at doorsteps. As a result, rapid expansion of online delivery services such as Uber eats, Swiggy, Zomato, DoorDash, Deliveroo has been witnessed in the past few years. Technology enabled deliver to door services results in greater convenience for the people around the world. In addition, facilities provided by online aggregators such as pre order, customizations, and quick delivery augment the growth of fast casual restaurants around the world. Emergence of deliver to door services is expected to continue to provide growth impetus to the fast casual restaurant market In the coming years.

The food & beverage industry is getting impacted profoundly amidst the outbreak of the coronavirus. The outbreak started in China resulting in lockdown and ceasing of dine-in activities across the country. The demand for food from fast casual restaurants in China is expected to reduce. Furthermore, recent developments in resurgence of second wave of corona virus in China is one of the major challenges the country is expected to face in the upcoming days. Other Asian countries are facing the same predicament. Stringent rules across the Indian subcontinent disrupt the supply chain and interrupt the production activities. The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic, however, dearth of workers and disruption in supply chain are anticipated to remain major challenges for the engaged stakeholders in the region

The rapid transforming food service industry is giving much importance on the adoption of technologies for better and efficient operations. With the incorporations of scheduling software, digital inventory tracking, automated purchasing tools, and digital reservation table manager, the food service industry has seen huge leaps in terms of revenue generation, inventory management, customer satisfaction, and operation efficiency. The incorporation of such software is expected to continue to serve as lucrative opportunities for the engaged stakeholders in the fast casual restaurant industry to manage queue, inventory, purchase, and other key operations.

Segment review

The fast casual restaurant market is segmented into food type, mode of operation, nature and region. By food type, the global market is classified into burger/sandwich, pizza/pasta, Asian/Latin American Food, chicken, and others. By mode of operation, it is bifurcated into dine-in and takeaway. By nature, the market is divided into franchised and standalone. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By food type, the global market is classified into burger/sandwich, pizza/pasta, Asian/Latin American Food, chicken, and others. The burger/sandwich segment accounts for the major fast casual restaurant market share however, the pizza/pasta segment is poised to grow with highest CAGR during the analysis period. 

By mode of operation, the global fast casual restaurant market is bifurcated into dine-in and takeaway. The dine-in segment leads in terms of market share however, the takeaway segment is expected to gain market share in the upcoming years.

By nature, the fast food restaurant market is divided into franchised and standalone. The franchised segment leads in terms of market share however, the standalone segment is expected to grow with higher CAGR during the forecast period.

The report focuses on the fast casual restaurant market growth prospects, restraints, and opportunities of the global market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the fast casual restaurant market.

Some of the key players profiled in fast casual restaurant market analysis included are Chipotle Mexican Grill, Erbert & Gerbert’s Sandwich Shop, Panda Restaurant Group, EXKi SA, Zaxby's corporate, Five Guys Holdings, Inc. (Five guys burger and fries), Roark Capital Group (Wingstop), Tortilla Mexican Grill, Firehouse Subs, and Famous Brands (Gourmet Burger Kitchen).

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging fast casual restaurant market trends and opportunities.

• The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing fast casual restaurant market opportunities in the market.

• The fast casual restaurant market forecast is offered along with information related to key drivers, restraints, and opportunities.

• The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

• The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

 Fast Casual Restaurant Market Report Highlights