Latest News- Quick Service Restaurants Market: Eat-in service is expected to lead the Service segment during 2025-2029

The Quick Service Restaurants Market is being driven by Rise in number of quick service restaurants

The Quick Service Restaurants Market is expected to grow at a CAGR of 2.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 63.8 billion. In the dynamic market of Quick Service Restaurants (QSRs), packaging plays a pivotal role in enhancing brand value and consumer engagement. Innovative packaging solutions, such as biodegradable and compostable options, are gaining popularity due to their eco-friendly nature. Additionally, corrugated packaging has emerged as a preferred choice for QSRs due to its thermal properties, which maintain food temperature for extended periods, and protective fluting that keeps food fresh and prevents spills. This packaging not only appeals to environmentally-conscious consumers but also ensures the quality and freshness of food on the go. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Eat-in service
  • Takeaway service
  • Drive-thru service
  • Home delivery service
• Type
  • Chain
  • Independent
• Product Type
  • Burger and sandwich
  • Pizza
  • Asian cuisine
  • Frozen desserts and ice cream
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • 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: 

• Rise in number of quick service restaurants
• Changing lifestyles and rise in demand for on-the-go food
• Growing innovation and customization in food menu

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

• Fluctuations in raw material prices
• Growing preference for home-cooked food
• Risks associated with suppliers

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Market Scope in Quick Service Restaurants Market Research Report

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Research Analysis Overview

In the Quick Service Restaurant (QSR) industry, trends include ghost and cloud kitchens, virtual restaurants, and delivery-only concepts. Food delivery aggregators and third-party services dominate the scene, while self-service kiosks and table reservation systems enhance the customer experience. Customer feedback systems, employee engagement, and food waste recycling promote sustainability. Energy efficiency initiatives, community outreach, and social responsibility programs boost brand image. Franchise development, site selection, and real estate considerations are crucial for growth. Construction and renovation, interior design trends, and customer demographics shape the physical restaurant experience. Competitive landscape analysis, market penetration, and brand awareness drive business success. Customer loyalty, retention, and pricing optimization ensure profitability. Data-driven decision making, business intelligence, financial forecasting, risk management, operational excellence, and guest experience are essential for long-term success. Emerging culinary trends, sustainable sourcing, organic, and locally sourced ingredients add value and differentiate offerings.

Market Research Overview

The Quick Service Restaurants (QSR) market within the parent global hotels, resorts and cruise lines industry is experiencing significant growth, driven by technological advancements and changing consumer preferences. Key technologies including delivery platforms, online ordering systems, kitchen display systems, point-of-sale systems, inventory management software, loyalty programs, and mobile app ordering are transforming the sector. These innovations enable improved operational efficiency, enhanced customer experience, and increased sales. The global hotels, resorts and cruise lines industry, which includes companies in casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants, is projected to grow due to the expanding travel and tourism industry. Millions of travelers from both emerging and developed economies continue to fuel market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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/