Cibi e Bevande
Fast Casual Restaurant Market to Reach $209.1 Bn, Globally, by 2027 at 10.6% CAGR: Allied Market Research
Increase in popularity of fast causal restaurants and low entry barriers & high profits resulting drive the growth of the global fast casual restaurant market. However, high cost compareto quick service restaurants hinders the market growth. On the other hand, early adoption of technologies and hygienic cooking environmentare anticipated to offer new opportunities in the coming years.
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Based on food type, the burger/sandwich segment accounted for nearly one-third of the global fast casual restaurant market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to convenience and ease of availability. However, the pizza/pasta is estimated to portray the highest CAGR of 13.6% from 2021 to 2027. The rise in influence of western food across the globe drives the growth of the segment.
Based on mode of operation, the dine in segment contributed to the highest market share with two-thirds of the global fast casual restaurant market in 2019, and is estimated to maintain its leadership position during the forecast period. This is due to the availability of freshly prepared, and high quality food. However, the takeaway segment is estimated to generate the fastest CAGR of 11.9% from 2021 to 2027. This is attributed to adoption of online services for ordering food across the globe.
Based on region, North America accounted for the highest share based on revenue, holding for nearly half of the global fast casual restaurant market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is due to rapid transition toward healthy preferences in terms of food choices in this region. However, the Asia-Pacificis estimated to generate the fastest CAGR of 13.7% from 2021 to 2027. This is attributed to the increase in middle class and working population in this region.
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