Quick-service restaurants, typically characterized by fast service, standardized production, affordable prices, and the ability to take out are a type of catering service that provides fast and convenient food and beverages.
Overview of Market Development and Analysis of Segmented Markets
With the advancement of globalization and the acceleration of people's pace of life, the quick-service restaurant market is showing a sustained growth trend on a global scale. According to our research data, the global quick-service restaurant market revenue in 2023 was $8.82 billion, and it is expected to increase to $13.50 billion by 2028.
According to different classification standards, quick-service restaurants can be divided into various types. According to the cuisine and regional characteristics of quick service restaurants, they can be divided into Chinese-style quick service restaurants, Western-style quick service restaurants, and local specialty quick service restaurants; According to the scale and business model of quick service restaurants, they can be divided into small quick service restaurants, medium-sized chain quick service restaurants, and large chain quick service restaurants; Based on different business models, quick service restaurants can be divided into self-service quick-service restaurants, ordering-style quick-service restaurants, etc. Among them, ordering-style quick-service restaurants dominate the market. According to our data, the global ordering-style quick-service restaurant segment revenue was $9.21 billion in 2023, with a revenue share of 68.24%.
Global Quick Service Restaurant (QSR) Market Revenue Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Development in Major Regions
From a regional perspective, the global quick-service restaurant market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest revenue market. According to the data, the revenue of the North American quick-service restaurant market in 2023 was $2.72 billion, with a market share of 30.89%.
Global Quick Service Restaurant (QSR) Market Revenue and Share by Region in
2023
|
Regions
|
Market Revenue (Million USD)
|
Share
|
|
North America
|
2724
|
30.89%
|
|
Europe
|
2570
|
29.15%
|
|
Asia Pacific
|
2633
|
29.86%
|
|
South America
|
443
|
5.02%
|
|
Middle East & Africa
|
448
|
5.08%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Quick Service Restaurant (QSR) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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