Fast Casual Restaurant Market By Food Type (Burger/Sandwich, Pizza/Pasta, Asian/Latin American Food, Chicken, Others), By Mode of Operation (Dine-in, Takeaway), By Nature (Franchised, Standalone): Global Opportunity Analysis and Industry Forecast, 2023-20

Fast Casual Restaurant Market By Food Type (Burger/Sandwich, Pizza/Pasta, Asian/Latin American Food, Chicken, Others), By Mode of Operation (Dine-in, Takeaway), By Nature (Franchised, Standalone): Global Opportunity Analysis and Industry Forecast, 2023-2032

The global fast casual restaurant market was valued at $124.5 billion in 2022, and is projected to reach $337.8 billion by 2032, registering a CAGR of 10.4% from 2023 to 2032.

The concept of fast casual restaurants came into existence in the late 90’s, however it gained much traction in 2009. Fast casual restaurants deal with the preparation of fresh food rather than assembling them as in the case of fast-food restaurant. High quality ingredients, locally sourced, fresh, and organic nature of food prepared are some of the many characteristics of the fast casual restaurants. Furthermore, fast casual restaurant prices are higher in comparison to those of fast-food establishments but considerably lower than those of fine dining restaurants.

The growth of the fast casual restaurant industry is propelled by the significant increase in demand for food delivery services and the expanding user base, stemming from the widespread development of internet infrastructure worldwide. Asia-Pacific is considered as one of the regions which has experienced significant growth in terms of economic development at a faster rate and all the industry in the region are booming. About one-third consumers in the Asia-Pacific use delivery to door    services for getting their food delivered at doorsteps. As a result, rapid expansion of online delivery services that includes Uber Eats, DoorDash, Grubhub, Deliveroo, Zomato, and Swiggy has been witnessed in the past few years, which has tremendously helped in the growth of fast casual restaurant market. The convenience of food delivery has been increasingly enhanced by technological advancements, which has extended to a global scale. Online aggregators provide convenience to customers with various options such as pre-ordering, order customization, and rapid delivery, all of which have played a pivotal role to boost the expansion of fast casual restaurants. This trend of convenient door-to-door delivery services is expected to propel the growth of fast casual restaurants during the forecasted period.

However, economic uncertainties and the prospect of rising unemployment and inflationary pressures present challenges for the growth of fast casual restaurants. These restaurants provide a fresh and health-conscious menu in a carefully curated ambiance, but this premium pricing may deter cost-conscious consumers. In comparison to more budget-friendly quick-service choices like Subway or McDonald's, this pricing discrepancy could narrow the customer base for fast casual restaurants and hinder their ability to reach a wider audience. Moreover, labor costs and availability of skilled staff are critical factors, which is affected due to rising labor costs. It has a direct impact on the profitability of the fast casual restaurant businesses, and prompt automation and operational efficiency improvements.

The dynamic changes occurring in the food service industry highlights the importance of technological advancements for enhanced and efficient operations in fast casual restaurants. The integration of scheduling software, digital inventory tracking systems, automated procurement tools, and digital table reservation management solutions has high potential to bring significant improvements in revenue generation, inventory control, customer satisfaction, and overall operational efficiency within the food service sector. This trend has the ability to offer huge opportunities for stakeholders engaged in the fast casual restaurant segment, which thus facilitates streamlined queue management, procurement processes, and other critical operational aspects. Thus, with incorporation of technological advancement, there are many opportunities for fast casual restaurants to widen their customer base and have a greater hold on the market with a scope of faster growth in the coming years. In addition, the adoption of robot-assisted cooking technology has found its way into the kitchens of fast casual restaurants. For instance, fast casual restaurants such as Chipotle, White Castle, and Wing Zone have made substantial investments in robotic equipment, automating various tasks which ranges from pizza preparation to fryer operations. As a result, advanced technology holds high potential for market growth by increased enhancement in terms of convenience, reduction in labor costs, and expediting food preparation, which ultimately lead to faster food delivery to customers.

Furthermore, sustainability initiatives, such as sourcing local and organic ingredients, reduction of food waste, and adoption of eco-friendly packaging, attract environmentally conscious customers and reduce operational costs of the restaurant over time. For instance, Sweetgreen prioritizes sustainability, as they divert 60% of waste from landfills with compost services. The company composts 75% of food scraps and certify all customer-facing items, such as forks, lids, bowls, bags, cups, and straws, as compostable. This holistic approach indicates their strong commitment to eco-friendly practices. This creates an opportunity for the sustainable growth of the market along with an increase in fast casual restaurant market share in the future.

The fast casual restaurant market is segmented into food type, mode of operation, nature, and region. By food type, the market is segregated into burger/sandwich, pizza/pasta, Asian/Latin American food, chicken, and others. As per mode of operation, it is divided into dine-in and takeaway. According to nature, the market is bifurcated into franchised and standalone. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Asean, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players operating in the fast casual restaurant market include Chipotle Mexican Grill, Wingstop Restaurants, Inc., EXKI SA, Panda Restaurant group, Inc., Five Guys Enterprises, LLC., Famous Brands Limited, Restaurant Brands International Inc., Zaxby’s Franchising LLC., Erbert & Gerbert’s Sandwich Shop, and Tortilla Mexican Grill PLC. Key Benefits For Stakeholders This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fast casual restaurant market analysis from 2022 to 2032 to identify the prevailing fast casual restaurant market opportunities. The market research is offered along with information related to key drivers, restraints, and opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the fast casual restaurant market segmentation assists to determine the prevailing market opportunities. Major countries in each region are mapped according to their revenue contribution to the global market. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The report includes the analysis of the regional as well as global fast casual restaurant market trends, key players, market segments, application areas, and market growth strategies.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fast casual restaurant market analysis from 2022 to 2032 to identify the prevailing fast casual restaurant market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the fast casual restaurant market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global fast casual restaurant market trends, key players, market segments, application areas, and market growth strategies.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Per Capita Consumption Trends
Product Consumption Analysis
Reimbursement Scenario
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Food Type

Burger/Sandwich
Pizza/Pasta
Asian/Latin American Food
Chicken
Others

By Mode of Operation

Dine-in
Takeaway

By Nature

Franchised
Standalone

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Asean
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Chipotle Mexican Grill
Wingstop Restaurants, Inc.
EXKI SA
Panda Restaurant group, Inc.
FIVE GUYS ENTERPRISES, LLC.
Famous Brands Limited
Restaurant Brands International Inc.
ERBERT & GERBERT’S SANDWICH SHOP
Tortilla Mexican Grill PLC.
Zaxby’s Franchising LLC

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