FAST CASUAL RESTAURANTS ARE BOOMING!
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.
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.
*Statistics, Upserve, the National Restaurant Association (NRA), Technavio, Allied Market Research.