Fast Casual Restaurants Market in the US: 7.14% Y-O-Y Growth Rate in 2021 |By Product (North American food, Italian food, Mexican food, and others) and Geography – Forecast till 2025 | Technavio – Press Release

NEW YORK, April 11, 2022 /PRNewswire/ — The Fast Casual Restaurants Market Value in the US is set to grow by USD 28.80 billion, progressing at a CAGR of 8% from 2020 to 2025, as per the latest report by Technavio.

The market is segmented by product (North American food, Italian food, Mexican food, and others) and geography (North America, Europe, APAC, and MEA).

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Parent Market Analysis

Technavio categorizes the fast casual restaurants market in the US as a part of the global restaurants market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fast casual restaurants market in US during the forecast period.

Value Chain Analysis

The report provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Fast Casual Restaurants Market in US  includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

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Vendor Insights-

The fast casual restaurants market in US is fragmented and the vendors are deploying growth strategies such as offering innovative food products to compete in the market.

• Amergent Hospitality Group Inc.- The company owns, operates, and franchises fast casual and full service restaurants brands such as little big burger, Hooters, and BGR among others.
• Chipotle Mexican Grill Inc.- The company operates fast casual restaurants through its subsidiary Pizzeria Locale.
• Five Guys Enterprises LLC- The company operates fast casual restaurant chain offering sandwiches, hot dogs, and French fries among others.

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Key Market Dynamics-

• Fast Casual Restaurants Market in US Driver:
• Demand for innovation and customization in food menus:

  The demand for new flavors, combination food infused with bold flavors, and premium alternatives is on the rise in the US. Customers with constantly evolving tastes demand exotic cuisine. This demand for innovative and exotic-flavored fast food is most prominent among millennials. The millennials seek options that allow customization of food based on their calorie intake per day. The main impetus for customization is growing awareness of nutritious and low-calorie diets. Consumers also customize meals to suit their needs irrespective of the time of day or what is on the menu. Getting the exact flavor helps fast casual restaurant vendors increase the probability of repeat customer visits. Hence, the demand for innovation and customization of food menus will drive the growth of the fast casual restaurants market in the US.

• Fast Casual Restaurants Market in US Trend:
• Increasing focus on digitalization of services:

  The e-commerce industry in the US is progressing owing to various factors such as the growing tech-savvy population, increasing Internet penetration, and the rising use of smartphones. The availability of multiple payment options, such as credit and debit cards, Internet banking, electronic wallets, and cash-on-delivery (COD), has led to a paradigm shift in the purchasing patterns of people from brick-and-mortar stores to online shopping. Consumers prefer online shopping over offline stores. Hence, it becomes essential for fast casual restaurant owners to market and brand their products through e-commerce websites. Some vendors are also focusing on partnering with food delivery partners to increase their sales.

Find additional information about various other market Drivers, Trends, & Challenges mentioned in our FREE sample report.

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 – 2025

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 Product

• Market segments
• Comparison by Product
• North American Food – Market size and forecast 2020-2025
• Italian Food – Market size and forecast 2020-2025
• Mexican Food – Market size and forecast 2020-2025
• Others – Market size and forecast 2020-2025
• Market opportunity by Product

Customer Landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• YUM! Brands Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

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Email: media@technavio.com
Website: www.technavio.com/

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