ViewFREESample: Additional highlights and key points for different market segments, and their impact over the next few years.
The global fast casual restaurant market is fragmented due to the presence of multiple global and regional players. Vendors are adopting different growth strategies to compete in the market. Some strategies include mergers and acquisitions and the introduction of new and innovative products. For example, in October 2019, Potbelly Corp. partnered with Grubhub, the United States’ leading online and mobile food ordering and shipping market, to support the expansion of shipping services across more than 450 locations. Was announced. In January 2020, Chipotle Mexican Grill Inc. launched a super green salad mix made from hand-cut romaine, antioxidant-rich baby kale, and crispy baby spinach.
The report analyzes the competitive landscape of the market and provides information on several market vendors, including:
Chipotle Mexican Grill Inc. Firehouse Restaurant Group Inc. Noodles & Co. PandaRestaurant Group Inc. Potbelly Corp. Shake Shack Inc. YUM! Brands Inc.
Find additional highlights about the growth strategies adopted by the vendor and its product offerings. ReadFreeSample report.
Geographic market analysis
North America is the largest market for fast casual restaurants, accounting for 44% of the global market share. As consumers become more aware of the benefits of consuming natural and perishable ingredients in the Canadian market, there is constant innovation and food menu redesign throughout fast casual restaurants. This encourages vendors in the region to focus on adding healthy, gluten-free food options, including vegetarian and vegan foods, to their food menus. Countries such as the United States, China, the United Kingdom, Germany and Canada are expected to emerge as major markets for fast casual restaurants during the forecast period.
Learn more about the geographical distribution of this market, along with a detailed analysis of the top regions. www.technavio.com/ report / fast-casual-restaurants-market-industry-analysis
Key market drivers and challenges:
The market is driven by growing demand for food menu innovation and customization. In addition, factors such as increased demand for gluten-free diets and the introduction of healthy diets into food menus will have a positive impact on market growth during the forecast period.
Intensifying competition with quick service restaurants will be a major challenge for vendor growth. Also, the need to comply with strict regulations and guidelines and fluctuations in food prices reduces growth opportunities.
Check out our free sample for highlights of market trends and challenges that impact the fast casual restaurant market.
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Market value chain analysis for fast casual restaurants
It contains the following core components:
Input Inbound Logistics Operations Outbound Logistics Marketing and Sales Service Support Activities Innovation
Quick Service by Service and Geography Restaurant Market-Forecasting and Analysis 2021-2025
Product and Geographic Fast Food Market-Forecasting and Analysis 2021-2025
Market range for fast casual restaurants
Growth momentum and CAGR
Accelerate with a CAGR of 12% or higher
Market growth 2019-2024
US $ 150.1 billion
Year-on-year growth rate (%)
10.71% in 2020
North America, Europe, APAC, South America, and MEA
Executing market contribution
44% in North America
Major consuming countries
USA, China, UK, Germany, Canada
Scope of big companies, competitive strategies, consumer engagement
Chipotle Mexican Grill Inc., Firehouse Restaurant Group Inc., Noodles & Co., Panda Restaurant Group Inc., Potbelly Corp., Shake Shack Inc., and YUM! Brands Inc.
Parent market analysis, market growth incentives and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market conditions analysis for forecast periods.
Scope of customization
If your report does not contain the data you are looking for, you can contact an analyst to customize the segment.
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