NEW YORK, Jan. 13, 2022 /PRNewswire/ — The “Fast Casual Restaurants Market in US by Product (North American Food, Italian Food, Mexican Food, and Others) and Geography (North America, Europe, APAC, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offerings. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the fast casual restaurants market in US between 2020 and 2025 is USD 28.80 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
-
Market Driver
-
Market Challenge
The demand for innovation and customization in food menus is driving the growth of the market. The demand for new flavors, a combination of food infused with bold flavors, and premium alternatives is on the rise in the US. The tastes of customers are constantly evolving, which is increasing the demand for exotic cuisine. This demand for innovative and exotic-flavored fast food is highly prevalent among millennials. People from this age group seek options that allow customization of food based on their calorie intake per day. The growing awareness of nutritious and low-calorie diets is the main reason for customization.
However, factors such as intense competition from quick service restaurants will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
The fast casual restaurants market in US is segmented by product (North American food, Italian food, Mexican food, and others). The North American food segment will have significant market share growth during the forecast period. This segment includes chicken wings, burgers, BBQ, sandwiches, and other North American dishes. The major consumers of sandwiches, burgers, or other quick-serve foods on a daily basis in the US are children and teenagers, who obtain more than half of their daily diet requirements from these foods. To cater to the daily nutritional requirements of children and teenagers, fast casual restaurants in the US include many healthy meal options in their menus. Hence, due to the increasing demand for convenient meal options, the fast casual restaurants market in the US is expected to grow significantly during the forecast period.
View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.
Some Companies Mentioned with their Offerings
-
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports:
-
Take out Fried Chicken Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026: The take-out fried chicken market share is expected to increase by USD 1.92 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.32%. Download Free Sample Report
-
Dining out Market by Type and Geography – Forecast and Analysis 2021-2025: The dining out market has the potential to grow by USD 1.83 trillion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 52.96%. Download Free Sample Report
Fast Casual Restaurants Market in US Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
Market growth 2021-2025 |
USD 28.80 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.14 |
Regional analysis |
North America, Europe, APAC, and MEA |
Performing market contribution |
US at 100% |
Key consumer countries |
US |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amergent Hospitality Group Inc., Chipotle Mexican Grill Inc., Five Guys Enterprises LLC, Jimmy Johns Franchisor SPV LLC, Noodles and Co., Panera Bread Co., Portillos Hot Dogs LLC, Shake Shack Inc., Wingstop Inc., and YUM! Brands Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
-
Executive Summary
-
Market Landscape
-
Market Sizing
-
Five Forces Analysis
-
Market Segmentation
-
Customer landscape
-
Geographic Landscape
-
Vendor Landscape
-
Vendor Analysis
-
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.
Contact
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-the-us-to-grow-by-usd-28-80-bn-demand-for-innovation-and-customization-in-food-menus-to-boost-market-growth–17-000-technavio-research-reports-301459557.html
SOURCE Technavio
Read More: Fast Casual Restaurants Market in the US to Grow by USD 28.80 Bn| Demand for Innovation