Fast casual restaurants market in US to grow by USD 28.8 billion from 2020 to 2025; A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The fast casual restaurants market size in US is estimated to increase by USD 28.80 billion from 2020 to 2025. The market's growth momentum will be progressing at a CAGR of 8% during the forecast period. Discover some insights on market size before buying the full report 
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Fast casual restaurants market in US - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• Get detailed insights into the market study. Buy the report!

Fast casual restaurants market in US – Vendor Analysis
Vendor Landscape - The fast casual restaurants market in US is fragmented, with the presence of several as well as regional vendors. The vendors are adopting various growth strategies such as product launches and mergers and acquisitions to remain competitive in the market.

A few prominent vendors that offer fast casual restaurants in US in the market are 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., and YUM! Brands Inc. and others.

Vendor Offerings -

• 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.
• Jimmy Johns Franchisor SPV LLC: The company operates fast casual restaurant chain offering gourmet sandwiches.

Fast Casual Restaurants Market in US - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on product (North American food, Italian food, Mexican food, and others) and geography (North America, Europe, APAC, and MEA). 

• The market growth will be significant in the North American food segment. The segment includes chicken wings, burgers, BBQ, sandwiches, and other North American cuisines. The segment is driven by the growing demand for convenient meal options and the increasing demand for fresh and healthy food among the Millennials.

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Fast Casual Restaurants Market In US – Market Dynamics

Leading Drivers – 

The market is driven by the demand for innovation and customization of food menus. Consumers in the US, especially the Millennial population, are exhibiting an increased demand for innovative and exotic-flavored fast food. Consumers are also seeking options that allow customization of food based on their calorie intake per day. This is encouraging several market players to offer innovative and innovative and customizable food menus to attract customers. For instance, in 2018, Fuzzy's Taco Shop, a US-based fast casual restaurant, featured three new menu items with roasted golden corn: Shuck It Brisket Taco, Corn to be Wild Quesadilla, and Street Cred Corn. The introduction of such innovative menus is attracting customer attention, which is crucial in driving the growth of the market.

Key Trends – 

The increasing focus on the digitalization of services is a major trend in the market. Factors such as the expansion of the tech-savvy population, increasing internet penetration, and the rising use of smartphones have fostered the growth of the e-commerce industry globally. In addition, the availability of multiple payment options, such as credit and debit cards, Internet banking, electronic wallets, and cash-on-delivery in e-commerce platforms has led to a shift in the purchasing patterns of people. This is driving restaurant owners to market and brand their products through e-commerce channels. They are also partnering with food delivery service providers to increase revenues. Such developments are positively influencing the growth of the fast casual restaurant market in the US.

Major challenges – 

The intense competition from quick-service restaurants is identified as a major challenge in the market. Quick service restaurants (QSRs) offer dining in, drive-thru ordering, and delivery services. These restaurants generally offer same menu options with seasonal updates. Besides, the average meal price of food served at QSRs is comparatively lower than that of fast casual restaurants. Hence, these are highly preferred for on-the-go food, as they generally take less time for food delivery. Such benefits are increasing the popularity of QSRs, which is reducing the growth potential of the market in focus.

Driver, Trend, and Challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this fast casual restaurants market in US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the fast casual restaurants market in US between 2021 and 2025
• Precise estimation of the size of the fast casual restaurants market in US and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the fast casual restaurants market in US industry across North America, Europe, APAC, and MEA
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Fast Casual Restaurants Market vendors In US

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Table of contents:

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value Chain Analysis: Restaurant market

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025 
• Exhibit 06: Fast Casual Restaurants Market in US - Market size and forecast 2020 - 2025 ($ billion)
• Exhibit 07: Fast Casual Restaurants Market in US: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers 
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers 
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants 
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes 
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product 
• Exhibit 16: Comparison by Product

• 5.3 North American Food - Market size and forecast 2020-2025 
• Exhibit 17: North American Food - Market size and forecast 2020-2025 ($ billion)
• Exhibit 18: North American Food - Year-over-year growth 2020-2025 (%)

• 5.4 Italian Food - Market size and forecast 2020-2025 
• Exhibit 19: Italian Food - Market size and forecast 2020-2025 ($ billion)
• Exhibit 20: Italian Food - Year-over-year growth 2020-2025 (%)

• 5.5 Mexican Food - Market size and forecast 2020-2025 
• Exhibit 21: Mexican Food - Market size and forecast 2020-2025 ($ billion)
• Exhibit 22: Mexican Food - Year-over-year growth 2020-2025 (%)

• 5.6 Others - Market size and forecast 2020-2025 
• Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
• Exhibit 24: Others - Year-over-year growth 2020-2025 (%)

• 5.7 Market opportunity by Product 
• Exhibit 25: Market opportunity by Product

6 Customer Landscape

7 Drivers, Challenges, and Trends

• 7.1 Market drivers

• 7.2 Market challenges
• Exhibit 27: Impact of drivers and challenges

• 7.3 Market trends

8 Vendor Landscape

• 8.1 Vendor landscape
• Exhibit 28: Vendor landscape

• 8.2 Landscape disruption
• Exhibit 29: Landscape disruption
• Exhibit 30: Industry risks

• 8.3 Competitive scenario

9 Vendor Analysis

• 9.1 Vendors covered
• Exhibit 31: Vendors covered

• 9.2 Market positioning of vendors 
• Exhibit 32: Market positioning of vendors

• 9.3 Amergent Hospitality Group Inc. 
• Exhibit 33: Amergent Hospitality Group Inc. - Overview
• Exhibit 34: Amergent Hospitality Group Inc. - Product and service
• Exhibit 35: Amergent Hospitality Group Inc. – Key news
• Exhibit 36: Amergent Hospitality Group Inc. - Key offerings

• 9.4 Chipotle Mexican Grill Inc. 
• Exhibit 37: Chipotle Mexican Grill Inc. - Overview
• Exhibit 38: Chipotle Mexican Grill Inc. - Business segments
• Exhibit 39: Chipotle Mexican Grill Inc. – Key news
• Exhibit 40: Chipotle Mexican Grill Inc. - Key offerings

• 9.5 Five Guys Enterprises LLC 
• Exhibit 41: Five Guys Enterprises LLC - Overview
• Exhibit 42: Five Guys Enterprises LLC - Product and service
• Exhibit 43: Five Guys Enterprises LLC - Key offerings

• 9.6 Jimmy Johns Franchisor SPV LLC 
• Exhibit 44: Jimmy Johns Franchisor SPV LLC - Overview
• Exhibit 45: Jimmy Johns Franchisor SPV LLC - Product and service
• Exhibit 46: Jimmy Johns Franchisor SPV LLC - Key offerings

• 9.7 Noodles and Co.
• Exhibit 47: Noodles and Co. - Overview
• Exhibit 48: Noodles and Co. - Business segments
• Exhibit 49: Noodles and Co.– Key news
• Exhibit 50: Noodles and Co. - Key offerings

• 9.8 Panera Bread Co.
• Exhibit 51: Panera Bread Co. - Overview
• Exhibit 52: Panera Bread Co. - Product and service
• Exhibit 53: Panera Bread Co. – Key news
• Exhibit 54: Panera Bread Co. - Key offerings

• 9.9 Portillos Hot Dogs LLC 
• Exhibit 55: Portillos Hot Dogs LLC - Overview
• Exhibit 56: Portillos Hot Dogs LLC - Product and service
• Exhibit 57: Portillos Hot Dogs LLC - Key offerings

• 9.10 Shake Shack Inc.
• Exhibit 58: Shake Shack Inc. - Overview
• Exhibit 59: Shake Shack Inc. - Business segments
• Exhibit 60: Shake Shack Inc. - Key offerings

• 9.11 Wingstop Inc.
• Exhibit 61: Wingstop Inc. - Overview
• Exhibit 62: Wingstop Inc. - Business segments
• Exhibit 63: Wingstop Inc. - Key offerings
• Exhibit 64: Wingstop Inc. - Segment focus

• 9.12 YUM! Brands Inc.
• Exhibit 65: YUM! Brands Inc. - Overview
• Exhibit 66: YUM! Brands Inc. - Business segments
• Exhibit 67: YUM! Brands Inc. – Key news
• Exhibit 68: YUM! Brands Inc. - Key offerings
• Exhibit 69: YUM! Brands Inc. - Segment focus

10 Appendix

• 10.1 Scope of the report

• 10.2 Currency conversion rates for US$ 
• Exhibit 70: Currency conversion rates for US$

• 10.3 Research methodology

• 10.4 List of abbreviations 
• Exhibit 70: Currency conversion rates for US$
• Exhibit 71: Research Methodology
• Exhibit 72: Validation techniques employed for market sizing
• Exhibit 73: Information sources
• Exhibit 74: List of abbreviations

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