For the quick service restaurant industry the drive-thru culture (mainly in the U.S.) allowed the segment to continue to operate in 2020 and 2021. Another important factor that helped sustain the profitability of QSRs during the pandemic was the level of franchising. Most QSRs operate a franchising-oriented model, where higher margins can be.. The global quick service restaurants market attained a value of about USD 481.08 billion in 2023, driven by the versatility of menus offered by quick service restaurants. Aided by the rising focus on technological driven operations, the market is expected to grow at a CAGR of 3.7% in the forecast period of 2024-2032 to reach nearly USD 668.80.
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Two interesting trends that we’ve observed during this time:. QSR delivers timely and in-depth reporting on the $350 billion quick-service restaurant industry. For 25 years, QSR has defined this market, including traditional fast food, fast casual, coffee, snacks, concessions, and related segments of the foodservice industry… The global quick-service restaurant market was valued at USD XX million in 2022 and is projected to reach USD XX million by 2028, registering a CAGR of 9.21% over the next five years. Fast food is gaining importance among consumers globally, with the influx of both global and regional brands, such as KFC, Domino’s, Starbucks, and others.
