Operations
QSR market to increase by $119.2B
June 28, 2022
The QSR market will increase by $119.2 billion from 2020 to 2025 with an accelerated CAGR of 3.55%, according to a recent market study by Technavio. The QSR market is segmented by service — dine in, carryout, drive-thru and delivery, according to a press release.
North America will generate 43% of the growth. Key consumer countries include the U.S., China, Japan, the U.K. and Canada.
Key players in the industry include: American Dairy Queen Corp.; Chick-fil-A Inc.; Doctors Associates LLC (parent company to Subway); Domino's Pizza and Dunkin Brands Group Inc.
One of the key factors driving the quick service restaurants market growth is the rise in the number of quick service restaurants majorly due to the rising demand for fast food, especially in emerging economies. This is encouraging fast food chains to expand domestically and internationally.
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