Authored By: Sarah
12 Feb 2025

Latest News- Fast Casual Restaurants Market: Dine-in is expected to lead the Channel segment during 2024-2028

The Fast Casual Restaurants Market is being driven by Demand for innovation and customization in food menus

The Fast Casual Restaurants Market is expected to grow at a CAGR of 15.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 302.5 billion. The fast casual restaurant market has experienced significant growth, with chef-driven concepts leading the charge. Chipotle Mexican Grill, spearheaded by Steve Ells, is often cited as a pioneer in this sector. However, the rise of chef-driven fast casuals can also be attributed to the influence of the foodie culture among tech-savvy and socially engaged millennials. Professionally trained chefs and celebrity culinarians are increasingly turning to fast casual formats and franchising as lucrative avenues for showcasing their innovative menus and proprietary recipes. These restaurants prioritize high-quality food at fast casual prices, with a keen focus on kitchen efficiency and rigorous training to enable franchisees to effortlessly replicate chef-curated offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Channel
    • Dine-in
    • Takeaway
  • Product
    • North American
    • Italian
    • Mexican
    • Others
  • Food Type
    • Burger/Sandwich
    • Pizza/Pasta
    • Asian/Latin American Food
    • Chicken
    • Others
  • Nature
    • Franchised
    • Standalone
  • Geography
    • North America
      • Canada
      • US
    • APAC
      • China
    • Europe
      • UK
    • South America
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Demand for innovation and customization in food menus
      • Increase in demand for gluten-free dining
      • Introduction of healthy meals in food menus

      However, the market also witnesses some limitations, which are as follows:

      • Intense competition from quick-service restaurants
      • Adherence to stringent regulations and guidelines
      • Fluctuations in food commodities prices

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      Market Scope in Fast Casual Restaurants Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      171

      Base year

      2023

      Historic period

      2018-2022

      Forecast period

      2024-2028

      Growth momentum & CAGR

      Accelerate at a CAGR of 15.2%

      Market growth 2024-2028

      USD 302.5 billion

      Market structure

      market_structure.ucfirst

      YoY growth 2023-2024(%)

      12.85

      Key countries

      UK, Canada, US, China, France, Italy, India, Japan, South Africa, Saudi Arabia, Brazil, and Argentina

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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      Research Analysis Overview

      The Fast Casual Restaurants market is experiencing a significant shift in consumer preferences, with an increasing demand for fresh, organic, and locally sourced food. Brands like Panera Bread are leading this trend, offering ethnic-inspired dishes, premium products, and self-service, while still maintaining affordable prices. This new generation of fast casual restaurants caters to the health consciousness of Millennials and Generation Z, who value fresh food, high-quality ingredients, and international flavors. Burgers and fries have given way to bowls, wraps, sandwiches, and salads, as consumers seek out more nutritious options. Fast food outlets are now offering seating areas, Wi-Fi, and even alcoholic beverages, transforming the dining experience into something more akin to fine dining. Food delivery services have also become a crucial part of the fast casual market, allowing customers to enjoy their favorite meals from the comfort of their own homes. As the market continues to evolve, expect to see more innovation in menu offerings, with a focus on sustainability, culinary traditions, and unique flavors. Fast casual restaurants are poised to disrupt the traditional fast food industry, offering a more satisfying and enjoyable dining experience for consumers.

      Market Research Overview

      The global market for parent companies in the hotels, resorts, and cruise lines sector encompasses organizations involved in the operation of hotels, resorts, and cruise ships, in addition to travel agencies, tour operators, and related services. According to Technavio's market analysis, the industry's total revenue is derived from the combined earnings of companies specializing in casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and fast casual restaurants. The expansion of the global travel and tourism industry, with annual growth from both emerging and developed economies, is a primary driver for market growth in this sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      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/

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