Global Fast Casual Restaurant market garnered $125.6 billion in 2019 and is estimated to reach $209.1 billion by 2027.
COVID-19 will have a low impact on Fast Casual Restaurants in the US and 2020 growth is likely to increase compared to market growth in 2019.
WHY SHOULD YOU INVEST IN THIS INDUSTRY?
Nearly 58 percent of U.S. consumers dine out in quick service restaurants one to three times a month.
In 2019, 26 percent of U.S. consumers indicated to dine out one to two times a week.
Around 95 percent of surveyed adults in the United States said good service and quality of food were their top considerations when choosing a full service restaurant to dine at.
On a segment-by-segment basis, Technomic projects sales at limited-service restaurants, including quick-serve, will increase by 2.5 percent; full-service by 3 percent and bars and taverns by 1.5 percent in 2020.
2020 is forecasted to be the 10th straight year of growth for the restaurant industry.