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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Fast Casual Restaurant Market Size
The global fast casual restaurant market reached USD 211.52 billion in 2023. The market is expected to grow at a CAGR of 11.5% between 2024 and 2032, reaching almost USD 563.41 billion by 2032.
Key Takeaways
- Subway® experienced a 9.2% increase in same-store sales compared to the previous year, and a notable 29.1% rise from 2020, thus, indicating a growth in the global fast casual restaurant market.
- Chipotle Mexican Grill, a fast-casual dining chain, announced $9.9 billion in total revenue for 2023, reflecting a 14.3% increase compared to the prior year.
- A fast-casual restaurant merges fast food with casual dining, providing quality at affordable prices, using fresh ingredients, refined techniques, and customization.
A fast-casual eatery sits at the crossroads of fast food and casual dining, offering a blend of affordable prices and elevated food and service standards. They emphasize the use of fresh ingredients and refined culinary techniques to enhance the dining experience. Customers appreciate the opportunity to personalize their meals.
These venues provide swifter service than traditional sit-down restaurants, creating welcoming environments for relaxed dining. The inclusion of healthier menu choices, reasonable pricing, a wide array of dishes, and the integration of technology all contribute to an enhanced customer experience, often with a focus on community engagement.
According to the global fast casual restaurant market report, Subway®, a major player in the global restaurant industry, concluded another exceptional year, achieving record-breaking results attributed to its ongoing transformation initiative. This strategy encompasses menu enhancements, restaurant modernization efforts, and overall improvements in guest satisfaction.
Globally, Subway® saw a 9.2% rise in same-store sales compared to 2021, along with a substantial 29.1% increase compared to 2020 thus boosting the global fast casual restaurant market growth.
Fast Casual Restaurant Market Report Snapshots
Fast Casual Restaurant Market Size
Fast Casual Restaurant Market Trends
Fast Casual Restaurant Market Regional Analysis
Fast Casual Restaurant Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 211.52 billion in 2023.
The market is projected to grow at a CAGR of 11.5% between 2024 and 2032.
The revenue generated from the fast casual restaurant market is expected to reach USD 563.41 billion in 2032.
The expansion of the fast casual restaurant market is fuelled by evolving consumer tastes, easy entry into the market with promising returns, increased affordability, and the growing impact of marketing and branding strategies.
The fast casual restaurant market is categorised according to its food type, which includes burgers and sandwiches, pizza and pasta, Asian and Latin American food, chicken, and others.
The major players in the industry are Chipotle Mexican Grill, Inc, QDOBA Restaurant Corporation, BurgerFi International, Inc., Deli Management, Inc. (Jason's Deli), The Halal Guys, Sweetgreen, Inc, Greek Xpress, Panera Bread (JAB Holding Company), Shake Shack Enterprises, LLC, and Schlotzsky’s (GOTO Food) among others.
Based on the mode of operation, the fast casual restaurant market is divided into dine-in and takeaway.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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