The global limited-service restaurants market is valued at US$ 1,160 billion in 2023. The market is predicted to reach a valuation of US$ 1,890 billion by the end of 2033, expanding at a CAGR of 5% over the next ten years.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Limited-Service Restaurants market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Limited-Service Restaurants market.
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Key findings of the Limited-Service Restaurants market study:
- Regional breakdown of the Limited-Service Restaurants market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Limited-Service Restaurants vendors in detail.
- Region-wise and country-wise fragmentation of the Limited-Service Restaurants market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Limited-Service Restaurants market.
Key Companies Profiled
- McDonald’s Corporation
- Starbucks Corporation
- Papa John’s International, Inc.
- Burger King Corporation
- Subway
- The Wendy’s Company
- Dunkin’ Donuts LLC
- Domino’s Pizza, Inc.
Country-wise Insights
Why are Limited-Service Restaurant Chains Growing Substantially in the United States?
“Increasing Number of Single-person Households Generating Higher Demand for Ready-to-eat Food”
- According to data provided by Fact.MR, a market research and competitive intelligence provider, the valuation of the United States market was US$ 280 billion in 2022.
The growth opportunities are attributed to the increasing demand for convenience foods due to the rising population of working-class people. Moreover, a growing number of single-person households is also predicted to generate lucrative opportunities for market players.
- Demand for quick service restaurants (QSRs) in Canada is expected to advance at a CAGR of 4.2% from 2023 to 2033.
“Increasing Incidences of Home-Delivery Services in Japan”
- Sales of limited-service restaurant food in Japan are forecasted to grow at a CAGR of 2.6% from 2023 to 2033.
Growth opportunities in the market are attributed to rising home seclusion and several options that are available for home delivery/takeout facilities.
Competitive Landscape
Key limited-service restaurants around the world are increasing their expenditure to strengthen their supply chain management systems to ensure maximum satisfaction to consumers. In addition, LSR restaurants are also aiming to deliver quality products to end users while maintaining product standards and ensuring minimal environmental impact. These efforts are expected to fuel growth in the limited-service restaurants market.
Leading market players are coming up with new developments to attract a larger consumer base.
For instance,
- In April 2021, McDonald’s Japan introduced the Samurai Mac burger in its regular menu.
Segmentation of Limited-Service Restaurants Industry Research
- By Type :
- Fast-Food Restaurants
- Drive-in Restaurants
- Pizza Delivery Shops
- Carryout Restaurants
- By Distribution Channel :
- Offline
- Online
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Queries addressed in the Limited-Service Restaurants market report:
- Why are the Limited-Service Restaurants market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Limited-Service Restaurants market?
- Which regions are displaying the fastest growth in the Limited-Service Restaurants market?
- What are the underlying micro- macroeconomic factors affecting the global Limited-Service Restaurants market?
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