Quick Service Restaurants Market (QSR) Growing at 6% CAGR to 2019

Nov 12, 2015, 09:15 ET from RnR Market Research

PUNE, Maharashtra, November 12, 2015 /PRNewswire/ --

Various innovations in quick service restaurant market including packaging and nutritious food products like low-fat milk and fruits in the menus of QSRs will likely lead to the steady growth of the market during the forecast period.

Complete report on global quick service restaurants market spread across 50 pages, profiling 4 major companies and supported with 27 data exhibits is now available at is now available at http://www.rnrmarketresearch.com/global-quick-service-restaurants-market-market-analysis-2015-2019-market-report.html.

Analysts forecast global quick service restaurant market to grow at CAGRs of 5.54% and 5.22%, in terms of revenue and volume, respectively, for the period of 2015 - 2019. The market size is calculated taking into account the retail sales generated by following product segments: Asian food, Burgers, Chicken, Chips, Drinks and desserts, Mexican food, Pizzas and Sandwiches and others (seafood and other bakery items). The market size is also calculated from the sales from various service categories: Eat-in, Take-out and Mobile and street vendors. The increased demand for convenient or on-the-go products is the driving factor for the growth of this market. APAC is predicted to be the fastest-growing market during the forecast period.

The growing health awareness is expected to pose challenges for the growth of the QSR market. As most of the products are processed fast foods, it is high in fat resulting in high BMI and weight gain. Many stringent government regulation and documentaries such as 'Super-Size Me' have educated the consumers on the negative impacts of fast food consumption. For instance, during 2010, Puerto Rico's government passed a law to ban the sale of fast food from vending machines in all the public schools. This step was taken as an attempt to reduce the obesity rate among the children.

The competition in the QSR market is intense with vendors competing on the basis of pricing strategy, product and packaging innovation, menu variation as well the calories intake per meals. The market is predicted to witness brand wars, with vendors offering discount coupons or cutting down their prices to sustain their existing position in the market. The key players in the global quick service restaurants market are Subway, McDonalds, Burger King and Yum Brands.

The other prominent vendors in the market are Ajisen Ramen, Arby's Restaurant, Captain D's, Chipotle Mexican Grill, CKE Restaurants, Del Taco, Domino's Pizza, Dunkin' Donuts, In-N-Out Burgers, Jack in the Box, Jollibee Foods, Krispy Kreme Doughnuts, MOS Food, Mr. Lee, Panera Bread, Popeyes Louisiana Kitchen, Sonic, Starbucks, Wendy's, Whataburger, and White Castle. Order a copy of Global Quick Service Restaurants Market - Market Analysis 2015-2019 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=429648.

Further, the report states that a major challenge for the growth of the market is the perception of QSR food as being unhealthy. In addition, price fluctuations of raw materials like sugar, salt, and meat often result in the unstable prices of products offered by QSRs.

Explore other reports on quick service restaurants market at http://www.rnrmarketresearch.com/reports/food-beverage/food-service-hospitality/quick-service-restaurants.

Another region specific report Quick Service Restaurant Market in the US 2015-2019 forecasts the US QSR industry to grow at a CAGR 3.11% in terms of revenue over the period 2014 - 2019. This report also throws light on the demographic profile of the US, the restaurant industry in the US, and the casual dining restaurant market in the US. Access the complete report at http://www.rnrmarketresearch.com/quick-service-restaurant-market-in-the-us-2015-2019-market-report.html.

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