The Global Fast Casual Restaurants Market to Reach $ 63.25 bn by 2024, Chipotle Mexican Grill Inc., Firehouse Restaurant Group Inc., and YUM! Brands Inc, Emerge as Key Contributors to the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Fast Casual Restaurants Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the fast casual restaurants market and it is poised to grow by USD 63.25 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

  • What are the major trends in the market?
    The introduction of healthy meals in food menus is a major trend driving the growth of the market
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 10.67% and the incremental growth of the market is anticipated to be $ 63.25 bn
  • Who are the top players in the market?
    Chipotle Mexican Grill Inc., Firehouse Restaurant Group Inc., Noodles & Co., Panda Restaurant Group Inc., Potbelly Corp., Shake Shack Inc., and YUM! Brands Inc, are some of the major market participants.
  • What is the key market driver?
    The rising demand for gluten-free dining is one of the major factors driving the market
  • How big is the North America market?
    The North America region will contribute 46% of the market share

     

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Chipotle Mexican Grill Inc., Firehouse Restaurant Group Inc., Noodles & Co., Panda Restaurant Group Inc., Potbelly Corp., Shake Shack Inc., and YUM! Brands Inc. are some of the major market participants. The rising demand for gluten-free dining will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Fast Casual Restaurants Market 2020-2024: Segmentation

Fast Casual Restaurants Market is segmented as below:

  • Cuisine type
    • North American
    • Italian
    • Mexican
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • South America

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Fast Casual Restaurants Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fast casual restaurants market report covers the following areas:

  • Fast Casual Restaurants Market Size
  • Fast Casual Restaurants Market Trends
  • Fast Casual Restaurants Market Industry Analysis

This study identifies the introduction of healthy meals in food menus as one of the prime reasons driving the fast casual restaurants market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Fast Casual Restaurants Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist fast casual restaurants market growth during the next five years
  • Estimation of the fast casual restaurants market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the fast casual restaurants market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fast casual restaurants market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Cuisine Type

  • Market segments
  • Comparison by cuisine type
  • North American - Market size and forecast 2019-2024
  • Italian - Market size and forecast 2019-2024
  • Mexican - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by cuisine type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Volume driver - Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Chipotle Mexican Grill Inc.
  • Firehouse Restaurant Group Inc.
  • Godfather's Pizza Inc.
  • McAlister's Franchisor SPV LLC
  • Noodles & Co.
  • Panda Restaurant Group Inc.
  • Potbelly Corp.
  • Shake Shack Inc.
  • The Wendy's Co.
  • YUM! Brands Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Fast Casual Restaurants Market will grow by USD 63.25 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/