Fast Casual Restaurants Market In US size to increase by USD 65.2 billion between 2023 to 2028, Market Segmentation by Channel, Product, Application, Geography , Technavio
NEW YORK, Dec. 13, 2024 /PRNewswire/ -- The global fast casual restaurants market in us size is estimated to grow by USD 65.2 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 12.09% during the forecast period. The report provides a comprehensive forecast of key segments below-
Segmentation Overview
- 1.1 Dine-in
- 1.2 Takeaway
- 2.1 North American
- 2.2 Italian
- 2.3 Mexican
- 2.4 Others
- 3.1 Franchised
- 3.2 Standalone
- 4.1 North America
Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes!
1.1 Fastest growing segment:
Fast-casual restaurants, primarily located in the US and Canada, offer a unique dining experience by combining the speed and convenience of fast food with the quality and atmosphere of casual dining. These restaurants typically feature a counter or kiosk ordering system, with customers taking a seat at a table to enjoy their meal. Self-service beverage stations and table service for refills or additional items are common. Many fast-casual restaurants also offer outdoor seating and modern decor for a more inviting dining experience. The growth of fast-casual dining in the US is driven by consumer demand for healthier menu options and a more sustainable approach to food service. The market for fast-casual restaurants is expected to grow due to these advancements and the increasing preference for a balanced dining experience. Fast-casual restaurants provide a comfortable and convenient alternative to traditional fast food, making them a popular choice for consumers.
Analyst Review
The Fast Casual Restaurants market in the US is a dynamic segment of the food industry, offering consumers high-quality dining experiences without the formalities of traditional fine dining. These restaurants focus on fresh food, often sourced locally or organically, and feature a limited menu of items such as burgers, sandwiches, salads, bowls, wraps, and alcoholic beverages. The fast-casual concept provides the convenience of quick service, self-service, and seating areas, along with the added benefits of free Wi-Fi and a creative and personalized dining experience. The market caters to various culinary traditions and offers a unique blend of high-quality ingredients and affordable pricing. Fast-casual restaurants have become a popular alternative to both fast-food outlets and fine dining establishments, providing a more personalized and satisfying dining experience.
Market Overview
The Fast Casual Restaurants market in the US is experiencing significant growth as consumers seek high-quality, fresh food options that cater to their busy lifestyles and health-conscious choices. This segment of the food service industry offers a variety of cuisines, including burgers, sandwiches, salads, bowls, ethnic-inspired dishes, and more, prepared with locally sourced produce and organic ingredients. Millennials and working professionals are the primary demographic, with a preference for customization, convenience, and quick service. Technology plays a crucial role in the fast-casual sector, with online ordering, delivery services, and door-to-door delivery apps becoming increasingly popular. Automation, scheduling software, and inventory tracking systems help improve operational efficiency and customer satisfaction. Fast-casual chains and standalone restaurants alike offer a range of food choices, from pizzas and pastas to chicken and wraps, with seating areas, free Wi-Fi, and specialized offerings. Entrepreneurs and investors see significant growth opportunities in this sector, with first-mover advantage and licenses available for franchises. The fast-casual market also prioritizes sustainability practices, eco-friendly packaging, and charitable endeavors, making it an attractive option for health-conscious consumers and those seeking a more conscious dining experience. With a focus on affordability and quality, this segment of the food service industry continues to evolve and adapt to consumer preferences and trends.
To understand more about this market- Download a FREE Sample Report in minutes!
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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/
View original content to download multimedia:https://www.prnewswire.com/news-releases/fast-casual-restaurants-market-in-us-size-to-increase-by-usd-65-2-billion-between-2023-to-2028--market-segmentation-by-channel-product-application-geography---technavio-302330899.html
SOURCE Technavio