The quick service restaurant market size is expected to grow at a CAGR of 16.8% from 2023 to 2030.
Due to rapidly increasing disposable income in the highly populated country, the quick service restaurant market is increasing and is expected to grow further in upcoming years. Further, the busy lifestyle and dependency on quick and easy food services have attracted a huge customer base, augmenting the market’s growth. Quick service restaurants are a specific type of restaurant that serves fast food cuisine and generally do not offer table service. Many restaurants don’t provide any table or seats but collect the order and deliver it through a single counter. There are four types of quick-service restaurant market: sit-down restaurants, buffet-style eateries, takeaways, and 'fast-food' dining. Some of the key elements supporting the fast food and quick-service restaurants market are convenience, good flavor, and economy in terms of both time and money.
The growing home delivery order facility is the major factor driving the market’s growth. The reason is that after the pandemic, most people avoid physical contact in crowded places. The food industry is testing and trying options of various e-commerce models for ordering, speed, and efficiency. Also, so many quick-service restaurants provide more convenient and easy online ordering. Using this online order facility, people place their orders and enjoy their favorite food with all comfort at home.
The study categorizes the quick service restaurant based on product type and distribution channel at the regional and global levels.
Based on the regions, the global clean beauty market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is estimated to hold the highest CAGR in the global clean beauty market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific. Strong economic growth in domestic emerging countries such as China, Indonesia, Malaysia, and India is driving the region's expansion.
Due to rapidly increasing disposable income in highly populated countries such as China and India, the growth rate of the quick-service restaurant market is increasing and is expected to grow further in upcoming years. People have different choices, preferences, and priorities when it comes to the taste and uniqueness of food for themselves, for which they spend more which was an important reason to increase the market growth of any country or a region.
The quick service restaurant market is mildly concentrated in nature, with few numbers of global players operating in the market, such as:
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