The Fast Casual Restaurants Market in US is being driven by Demand for innovation and customization in food menus
The Fast Casual Restaurants Market in US is expected to grow at a CAGR of 13.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 84.5 billion. The US fast casual restaurant market is experiencing a significant transformation due to the burgeoning e-commerce sector. Factors such as the expanding tech-savvy demographic, increasing internet connectivity, and the widespread use of smartphones have led to a notable shift in consumer behavior. E-commerce platforms offer multiple payment methods, including credit and debit cards, internet banking, digital wallets, and cash-on-delivery, making online transactions more convenient and accessible. These platforms enable consumers to make informed decisions by providing access to numerous user reviews and ratings before making a purchase. The convenience and ease of use offered by e-commerce have encouraged an increasing number of consumers to opt for online ordering and delivery from fast casual restaurants, thereby revolutionizing the industry.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.7% |
Market growth 2025-2029 |
USD 84.5 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
11.8 |
Key countries |
US, Norht America, and US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Fast casual restaurants in the US offer high-quality dining experiences with fresh, locally sourced produce and organic food. Unlike traditional fast food outlets, these establishments prioritize quick service without compromising on the quality of their offerings. Menus feature a limited selection of burgers, sandwiches, salads, bowls, wraps, and even alcoholic beverages. Seating areas, free Wi-Fi, and self-service add to the convenience. These restaurants blend creativity and personalization with culinary traditions, providing a unique dining experience that bridges the gap between fast food and fine dining.
The Fast Casual Restaurants market in the US is a significant segment of the global Hotels, Restaurants, and Leisure industry. This market is characterized by the use of high-quality ingredients, locally sourced produce, and the preparation of fresh food, including organic options. Offerings span from traditional fare such as burgers and sandwiches to salads, bowls, ethnic-inspired dishes, pizza, and pasta. Companies like Panera Bread are leading this sector. Technavio, a global market research firm, includes this market within the larger Hotels, Restaurants, and Leisure industry, which encompasses the revenue of companies operating in casinos and gaming, hotels, restaurants and leisure, leisure facilities, and restaurants. The growth of this industry is driven by the expanding travel and tourism sector, among other factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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