LONDON--(BUSINESS WIRE)--Technavio has been monitoring the fast casual restaurants market in the US and it is poised to grow by $ 150.10 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the fast casual restaurants market in the US. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
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What are the major trends in the market?
An increase in demand for gluten-free dining is a major trend driving the growth of the market -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 10.71% and the incremental growth of the market is anticipated to be $ 150.10 bn -
Who are the top players in the market?
Chipotle Mexican Grill Inc., Firehouse Restaurant Group Inc., Godfather's Pizza Inc., McAlister's Franchisor SPV LLC, Noodles & Co., Panda Restaurant Group Inc., Potbelly Corp., Shake Shack Inc., The Wendy's Co., and YUM! Brands Inc., are some of the major market participants. -
What is the key market driver?
The demand for innovation and customization in food menus is one of the major factors driving the market -
How big is the North American market?
The North America region will contribute 44% of the market share
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Chipotle Mexican Grill Inc., Firehouse Restaurant Group Inc., Noodles & Co., Panda Restaurant Group Inc., Potbelly Corp., Shake Shack Inc., and YUM! Brands Inc. are some of the major market participants. The demand for innovation and customization in food menus will offer immense growth opportunities. In a bid to help players strengthen their market foothold, the fast casual restaurants market in the US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Fast casual restaurants market in US 2020-2024: Segmentation
Fast casual restaurants market in the US is segmented as below:
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Cuisine Type
- North American
- Italian
- Mexican
- Others
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Geographic
- North America
- APAC
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41067
Fast casual restaurants market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fast casual restaurants market in the US report covers the following areas:
- Fast casual restaurants market in US Size
- Fast casual restaurants market in US Trends
- Fast casual restaurants market in US Industry Analysis
This study identifies an increase in demand for gluten-free dining as one of the prime reasons driving the fast casual restaurants market in US growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Fast casual restaurants market in US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist fast casual restaurants market in US growth during the next five years
- Estimation of the fast casual restaurants market in US size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the fast casual restaurants market in the US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fast casual restaurants market in US vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Cuisine Type
- Market segments
- Comparison by Cuisine Type
- North American - Market size and forecast 2019-2024
- Italian - Market size and forecast 2019-2024
- Mexican - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Cuisine type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Chipotle Mexican Grill Inc.
- Firehouse Restaurant Group Inc.
- Godfather's Pizza Inc.
- McAlister's Franchisor SPV LLC
- Noodles & Co.
- Panda Restaurant Group Inc.
- Potbelly Corp.
- Shake Shack Inc.
- The Wendy's Co.
- YUM! Brands Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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