Press release
Quick Service Restaurants (QSR) Market to Surge with 4.9% CAGR, Global Revenue to Exceed US$ 468.98 Billion by 2034
𝐓𝐡𝐞 𝐪𝐮𝐢𝐜𝐤 𝐬𝐞𝐫𝐯𝐢𝐜𝐞 𝐫𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭𝐬 (𝐐𝐒𝐑) 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 289.68 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2024. 𝐈𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 468.98 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2034, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 4.9% 𝐟𝐫𝐨𝐦 2025 𝐭𝐨 2034.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:
Quick service restaurants (QSRs) are eateries that focus on rapid and effective service, targeting customers who desire convenient, on-the-go dining options. Recognized for their efficient processes, QSRs emphasize quick food creation and short wait periods. These venues typically offer concise menus with well-liked and simple-to-make dishes, including burgers, fries, sandwiches, and salads. QSRs utilize effective ordering platforms, such as drive-thrus, self-service kiosks, and mobile applications, improving the overall eating experience. The focus on speed does not sacrifice the quality of food, as QSRs work to uphold a uniform taste and freshness.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/quick-service-restaurants-qsr-market/request-for-sample
𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:
• The swift growth of international fast-food chains has been driven by the growing Western impact, which has supported the surge of fast-food culture in many nations.
• The swift expansion of internet access and increased consumer expenditure are crucial factors for the market. As an increasing number of individuals access the internet, online ordering, food delivery services, and mobile applications are essential for QSRs to expand their customer reach.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
As the market expands, competition is expected to increase with the involvement of numerous businesses. Here is the list of the leading companies operating in the quick service restaurants (QSR) market:
• McDonald's Corp
• Restaurant Brands International Inc. (RBI)
• Starbucks Corp
• The Wendys Co (Wendy's)
• Ark Restaurants Corp (Ark Restaurants)
• Carrols Restaurant Group Inc.
• Chipotle Mexican Grill Inc.
• Yum! Brands, Inc. (YUM)
• Domino's Pizza Inc.
• Jack in the Box Inc.
• Subway IP Inc.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/quick-service-restaurants-qsr-market/request-for-discount-pricing
𝐐𝐮𝐢𝐜𝐤 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
• In terms of type, in 2024, the independent segment accounted for a larger share of the quick service restaurants market due to its flexibility in menu offerings, personalized customer service, and strong local community engagement.
• The drive-through segment, based on services, is expected to witness the fastest growth during the forecast period due to increasing consumer demand for convenience, time-saving dining options and the rising preferences for contactless services.
• In 2024, North America dominated the QSR market revenue share due to high consumer demand for fast, convenient dining options, widespread digital adoption, and the strong presence of leading QSR brands offering diverse menu innovations.
• The Asia Pacific market is expected to witness the highest CAGR during the forecast period due to rapid urbanization, rising disposable incomes, a growing middle-class population, and increasing consumer demand for convenient and affordable dining options.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/quick-service-restaurants-qsr-market
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The quick service restaurants (QSR) market is mainly segmented based on type, cuisine, service, and region. Based on type analysis, the independent segment held the largest market share, with more than 60% of the market revenue. This is attributed to the increasing consumer desire for distinctive and tailored dining experiences, which are frequently encountered in independently owned restaurants.
Moreover, according to the service analysis, during the projection period, the drive-through segment is anticipated to witness the highest CAGR of 7.2% due to rising consumer preferences for convenience and shorter wait times.
By Type Outlook (Revenue, USD Billion; 2020-2034)
• Independent
• Chain
By Cuisine Outlook (Revenue, USD Billion; 2020-2034)
• American
• Chinese
• Italian
• Mexican
• Japanese
• Turkish & Lebanese
• Others
By Service Outlook (Revenue, USD Billion; 2020-2034)
• Eat-in
• Takeaway
• Drive-Through
• Home Delivery
𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Organic Baby Foods Market:
https://www.polarismarketresearch.com/industry-analysis/organic-baby-food-market
A2 Milk Market:
https://www.polarismarketresearch.com/industry-analysis/a2-milk-market
Olive Oil Market:
https://www.polarismarketresearch.com/industry-analysis/olive-oil-market
Protein Bar Market:
https://www.polarismarketresearch.com/industry-analysis/protein-bar-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
𝐋𝐢𝐤𝐡𝐢𝐥 𝐆
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:
Quick service restaurants (QSRs) are eateries that focus on rapid and effective service, targeting customers who desire convenient, on-the-go dining options. Recognized for their efficient processes, QSRs emphasize quick food creation and short wait periods. These venues typically offer concise menus with well-liked and simple-to-make dishes, including burgers, fries, sandwiches, and salads. QSRs utilize effective ordering platforms, such as drive-thrus, self-service kiosks, and mobile applications, improving the overall eating experience. The focus on speed does not sacrifice the quality of food, as QSRs work to uphold a uniform taste and freshness.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/quick-service-restaurants-qsr-market/request-for-sample
𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:
• The swift growth of international fast-food chains has been driven by the growing Western impact, which has supported the surge of fast-food culture in many nations.
• The swift expansion of internet access and increased consumer expenditure are crucial factors for the market. As an increasing number of individuals access the internet, online ordering, food delivery services, and mobile applications are essential for QSRs to expand their customer reach.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
As the market expands, competition is expected to increase with the involvement of numerous businesses. Here is the list of the leading companies operating in the quick service restaurants (QSR) market:
• McDonald's Corp
• Restaurant Brands International Inc. (RBI)
• Starbucks Corp
• The Wendys Co (Wendy's)
• Ark Restaurants Corp (Ark Restaurants)
• Carrols Restaurant Group Inc.
• Chipotle Mexican Grill Inc.
• Yum! Brands, Inc. (YUM)
• Domino's Pizza Inc.
• Jack in the Box Inc.
• Subway IP Inc.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/quick-service-restaurants-qsr-market/request-for-discount-pricing
𝐐𝐮𝐢𝐜𝐤 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐑𝐞𝐬𝐭𝐚𝐮𝐫𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
• In terms of type, in 2024, the independent segment accounted for a larger share of the quick service restaurants market due to its flexibility in menu offerings, personalized customer service, and strong local community engagement.
• The drive-through segment, based on services, is expected to witness the fastest growth during the forecast period due to increasing consumer demand for convenience, time-saving dining options and the rising preferences for contactless services.
• In 2024, North America dominated the QSR market revenue share due to high consumer demand for fast, convenient dining options, widespread digital adoption, and the strong presence of leading QSR brands offering diverse menu innovations.
• The Asia Pacific market is expected to witness the highest CAGR during the forecast period due to rapid urbanization, rising disposable incomes, a growing middle-class population, and increasing consumer demand for convenient and affordable dining options.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/quick-service-restaurants-qsr-market
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The quick service restaurants (QSR) market is mainly segmented based on type, cuisine, service, and region. Based on type analysis, the independent segment held the largest market share, with more than 60% of the market revenue. This is attributed to the increasing consumer desire for distinctive and tailored dining experiences, which are frequently encountered in independently owned restaurants.
Moreover, according to the service analysis, during the projection period, the drive-through segment is anticipated to witness the highest CAGR of 7.2% due to rising consumer preferences for convenience and shorter wait times.
By Type Outlook (Revenue, USD Billion; 2020-2034)
• Independent
• Chain
By Cuisine Outlook (Revenue, USD Billion; 2020-2034)
• American
• Chinese
• Italian
• Mexican
• Japanese
• Turkish & Lebanese
• Others
By Service Outlook (Revenue, USD Billion; 2020-2034)
• Eat-in
• Takeaway
• Drive-Through
• Home Delivery
𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Organic Baby Foods Market:
https://www.polarismarketresearch.com/industry-analysis/organic-baby-food-market
A2 Milk Market:
https://www.polarismarketresearch.com/industry-analysis/a2-milk-market
Olive Oil Market:
https://www.polarismarketresearch.com/industry-analysis/olive-oil-market
Protein Bar Market:
https://www.polarismarketresearch.com/industry-analysis/protein-bar-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
𝐋𝐢𝐤𝐡𝐢𝐥 𝐆
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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