The Global Fast Casual Restaurants Market is projected to increase of more than $200 billion by 2027.
Fast Casual Restaurants: Introduction
Fast Casual Restaurants ideas offer the comfort of fast food without the full assistance of fine- dining. Fast Casual dining comprises of a really welcoming sit- down atmosphere, and frequently, the capacity to fabricate your own dinner. The menu comprises of better-quality ingredients that can be found at maximum fast-food establishment.
Features of Fast Casual Restaurants are:
- Limited Service or self service
- Lower Average meal price than fine dining
- Made-to-order food with more complex flavours
- Off-premise and on-premise dining
- No drive- through
- Upscale, unique, or highly developed decor
Market overview
The increment in number of fast casual restaurants to changes in customer inclinations toward healthy way of life. The huge change toward healthy, natural, and freshly prepared food gives motivation to the fast casual restaurants industry. fast casual restaurants include freshly prepared, slightly processed food in their menu. Moreover, these restaurants are acquiring a lot of footholds owing to the creative offerings they give. Weight cognizant purchasers can settle for a half a portion of meal or gluten- free products. This choice of healthy customisations presented by fast casual restaurants drives the fast casual restaurants market development.
Economic growth
The Global Fast Casual Restaurants Market size was valued at $125.6 billion in 2019 and $135.6 billion in 2020, and is projected to increase of more than $200 billion by 2027, registering a Compound Annual Growth rate (CAGR) of over 10%.
Market segmentation: Analysis
The Global Fast Casual Restaurants Market is segmented by food type, nature, mode of operation, and region.
On the basis by Food type – Burger/Sandwich, Asian/ Latin America food, Chicken, and Pizza/ Pasta.
According to the food type. The burger and sandwich segment holds the major share in the market.
On the basis Nature – Standalone, and Franchised.
According to the nature segmentation, the franchised dominates the market share however, the standalone is projected to grow with the developed CAGR.
On the basis by Mode of operation – Takeaway, and Dine-in.
According to the Mode of Operation, Dine-in segment holds the highest market share in the Fast Casual Restaurants Market.
On the basis by region – North America, Europe, LAMEA, and Asia- Pacific.
According to the region segmentation, North America dominates the market, however Asia- Pacific would display the maximum CAGR of more than 10% throughout 2021 to 2027.
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Major manufacturers in the Global Fast Casual Restaurants Market are:
- Chipotle Mexican Grill. Inc
- EXKI SA
- Firehouse Restaurant Group, Inc
- Panda Restaurant Group, Inc
- Zaxby’s Franchising LLC
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