Global Quick Service Restaurant (QSR) Market Factbook (2022 Edition)

Page 1

Q S R Market Factbook

Global QSR Market Factbook (2022 Edition) H T T P : // W W W . A Z O T H A N A L Y T I C S .CO M


Global QSR Market Factbook: Market Segmentation

Global Quick Service Restaurant (QSR) Market Factbook (2022 Edition) has analysed and segmented the QSR Market by Value (USD Billion) and by Number of Stores (In Units).

By Business M odel

By Service Type

• Eat-In

• Independent

• Take Away

Q S R Market Factbook

• Home Delivery

01

02

03

04

• Chain & Franchise

By Region

By Cuisine Type

• North America

• Italian

• Europe

• Chinese

• APAC

• Japanese

• LAMEA

• Others

(c) AZOTH Analytics

2


Global QSR Market Factbook: Competitive Landscape

Global Quick Service Restaurant (QSR) Market Factbook (2022 Edition) provides an assessment of the positioning of leading brands (McDonald’s, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s, Domino’s) in terms of the number of outlets. By Ownership

By Delivery M odel

• Company owned

Q S R Market Factbook

• Franchised

• Dine in

01

02

03

04

• Drive Thru

By Region

By Outlet Type

• North America (US, Canada)

• Standalone • Chained

• UK • Japan • India

(c) AZOTH Analytics

3


S.No 1.

2.

Particulars Report scope & Methodology 1.

Scope of the Report

2.

Research Methodology

4.

2 25 29

Strategic Recommendations

32

2.1

Potential Markets to Invest

33

2.2

Adopt holistic approach to accelerate market growth

34

Accelerate international development with strategic partners and joint

Global QSR Market: Product Overview Global QSR Market: An Analysis

35 36 43

1.

Market Size, By Value, 2016-2021

44

2.

Market Size, By Value, 2022-2026

45

3.

Impact of COVID-19 on Global QSR Market

46

4.Global Macroeconomic Factors Analysis 5.

1

3.Executive Summary

2.3 ventures 3.

Page No.

Global QSR Market: Segmental Analysis

49 51

4


S.No

6.

Particulars 5.1

Global QSR Market by Service Type

52

5.2

Competitive Scenario of Global QSR Market– By Service Type

53

5.3

By Eat-in, By Value (USD Billion), 2016-2026

55

5.4

By Take Away, By Value (USD Billion), 2016-2026

56

5.5

By Home Delivery, By Value (USD Billion), 2016-2026

57

Global QSR Market By Business Model

58

1.

Global QSR Market: Segment Analysis

58

2.

Competitive Scenario of Global QSR Market– By Business Model

59

3.

By Independent, By value (USD Billion), 2016-2026

61

4.By Chain & Franchise, By Value (USD Billion), 2016-2026 7.

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Global QSR Market By Cuisine Type

62 63

5.

Global QSR Market: By Cuisine Type

63

6.

Competitive Scenario of Global QSR Market– By Cuisine Type

64

7.

By Italian, By value (USD Billion) 2016-2026

8.

By Chinese, By value (USD Billion) 2016-2026

65 66

5


S.No

8.

Particulars

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7.5

By Japanese, By value (USD Billion) 2016-2026

67

7.6

By Other, By value (USD Billion) 2016-2026

68

North America QSR Market: An Analysis

72

1.

North America Macroeconomic Factors Analysis

73

2.

North America QSR Market- By Value

74

3.

North America QSR Market- By Number Of Stores

76

4.

North America QSR Market- By Type (Chained and Standalone – by Value and Number of stores)

77

8.5

North America QSR Market- By Delivery Mode (Dine & Drive Thru) & Ownership (Franchised and Company Owned)

79

8.6

North America QSR Market: Prominent Companies

80

8.7

North America QSR Market Brand Wise Number of Stores Snapshot (McDonalds, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s and Domino’s)*

81

8.8

North America QSR Market by Service Type, By Value

93

8.9

North America QSR Market by Business Model, By Value

94

8.10

North America QSR Market by Cuisine Type, By Value

95

8.11

North America QSR Market: Country Analysis

96

8.12

Market Opportunity Chart of North America QSR Market– By Country, By Value

98

* All the brands mentioned are analyzed w.r.t. delivery mode and ownership 6


S.No

Particulars

Page No.

8.13

United States QSR Market: Country Analysis

99

8.14

United States Macroeconomic Factors Analysis

101

8.15

United States QSR Market: Size and Forecast (2016-2026)

103

8.16

United States QSR Market- By Number Of Stores

105

8.17

United States QSR Market- By Type (Chained and Standalone – by Value and Number of stores)

106

8.18

United States QSR Market- By Delivery Mode (Dine & Drive Thru) & Ownership (Franchised and Company Owned)

107

8.19

United States QSR Market – By States

108

8.20

United States QSR Market Brand Wise Number of Stores Snapshot (McDonalds, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s and Domino’s)*

109

8.21

United States QSR Market by Service Type, by Business Model, by Cuisine Type

120

8.22

Canada Macroeconomic Factors Analysis

124

8.23

Canada QSR Market: Size and Forecast (2016-2026)

126

8.24

Canada QSR Market- By Number Of Stores

128

8.25

Canada QSR Market- By Type (Chained and Standalone – by Value and Number of stores)

129

8.26

Canada QSR Market- By Delivery Mode (Dine & Drive Thru) & Ownership (Franchised and Company Owned)

130

8.27

Canada QSR Market Brand Wise Number of Stores Snapshot (McDonalds, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s and Domino’s)*

131

* All the brands mentioned are analyzed w.r.t. delivery mode and ownership 7


S.No

Particulars 8.28

9.

Canada QSR Market by Service Type, by Business Model, by Cuisine Type

Europe QSR Market

Page No. 142 145

1.

Europe Macroeconomic Factors Analysis

146

2.

Europe QSR Market by value: Size and Forecast (2016-2026)

147

3.

Europe QSR Market: Prominent Companies

149

4.

Market Segmentation By Service Type (Eat-in, Take Away, Home delivery)

151

5.

Market Segmentation By Business Model (Independent, Chain & Franchise)

152

6.

Market Segmentation by Cuisine Type (Italian, Chinese, Japanese and Others)

153

7.

Europe QSR Market: Country Analysis

154

8.

Market Opportunity Chart of Europe QSR Market - By Country, By Value (Year-2026)

156

9.

Competitive Scenario of Europe QSR Market– By Country (2021 & 2026)

157

10.

United Kingdom Macroeconomic Factors Analysis

159

11.

United Kingdom QSR Market: Size and Forecast (2016-2026)

161

12.

United Kingdom QSR Market- By Number Of Stores

163

13.

United Kingdom QSR Market- By Type (Chained and Standalone – by Value and Number of stores)

164

8


S.No

Particulars 9.14

United Kingdom QSR Market- By Delivery Mode (Dine & Drive Thru) & Ownership (Franchised and Company Owned)

166

9.15

United Kingdom QSR Market Brand Wise Number of Stores Snapshot (McDonalds, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s and Domino’s)*

167

9.16

United Kingdom QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type(20162026)

178

9.17

Germany Macroeconomic Factors Analysis

182

9.18

Germany QSR Market: Size and Forecast (2016-2026)

184

9.19

Germany QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type (2016-2026)

186

9.20

Italy Macroeconomic Factors Analysis

190

9.21

Italy QSR Market: Size and Forecast (2016-2026)

192

9.22

Italy QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type (2016-2026)

194

9.23

France Macroeconomic Factors Analysis

198

9.24

France QSR Market: Size and Forecast (2016-2026)

200

9.25 (2016-2026) 10.

Page No.

France QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type

Asia Pacific QSR Market 1.

Asia Pacific Macroeconomic Factors Analysis

2.

Asia Pacific QSR Market by value: Size and Forecast (2016-2026)

202 205 206 208

* All the brands mentioned are analyzed w.r.t. delivery mode and ownership

9


S.No

Particulars

Page No.

10.3

Asia Pacific QSR Market: Prominent Companies

210

10.4

Market Segmentation By Service Type (Eat-in, Take away, Home delivery)

212

10.5

Market Segmentation By Business Model (Independent, Chain & Franchise)

213

10.6

Market Segmentation by Cuisine Type (Italian, Chinese, Japanese and Others)

214

10.7

Asia Pacific QSR Market: Country Analysis

215

10.8

Market Opportunity Chart of Asia Pacific QSR Market - By Country, By Value (Year-2026)

217

10.9

Competitive Scenario of Asia Pacific QSR Market– By Country (2021 & 2026)

218

10.10

China Macroeconomic Factors Analysis

220

10.11

China QSR Market: Size and Forecast (2016-2026)

222

10.12

China QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type (2016-2026)

224

10.13

Japan Macroeconomic Factors Analysis

228

10.14

Japan QSR Market: Size and Forecast (2016-2026)

230

10.15

Japan QSR Market- By Number Of Stores

232

10.16

Japan QSR Market- By Type (Chained and Standalone – by Value and Number of stores)

233

10.17

Japan QSR Market- By Delivery Mode (Dine & Drive Thru) & Ownership (Franchised and Company Owned)

235

10


S.No

11.

Particulars

Page No.

10.18

Japan QSR Market Brand Wise Number of Stores Snapshot (McDonalds, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s and Domino’s)*

236

10.19

Japan QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type (2016-2026)

246

10.20

India Macroeconomic Factors Analysis

250

10.21

India QSR Market: Size and Forecast (2016-2026)

251

10.22

India QSR Market- By Number Of Stores

253

10.23

India QSR Market- By Type (Chained and Standalone – by Value and Number of stores)

254

10.24

India QSR Market- By Delivery Mode (Dine & Drive Thru) & Ownership (Franchised and Company Owned)

256

10.25

India QSR Market Brand Wise Number of Stores Snapshot (McDonalds, Starbucks, KFC, Subway, Taco Bell, Pizza Hut, Tim Hortons, Burger King, Wendy’s and Domino’s)*

257

10.26

India QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type (2016-2026)

267

LAMEA QSR Market

270

1.

LAMEA Macroeconomic Factors Analysis

271

2.

LAMEA QSR Market by value: Size and Forecast (2016-2026)

272

3.

LAMEA QSR Market: Prominent Companies

274

4.

Market Segmentation By Service Type (Eat-in, Take Away, Home delivery))

276

Market Segmentation By Business Model (Independent, Chain & Franchise)

277

5.

* All the brands mentioned are analyzed w.r.t. delivery mode and ownership

11


S.No

Particulars 11.6

Market Segmentation by Cuisine Type ( Italian, Japanese, Chinese, Other), By Value

278

11.7

LAMEA QSR Market: Country Analysis

279

11.8

Market Opportunity Chart of LAMEA QSR Market - By Country, By Value (Year-2026)

280

11.9

Competitive Scenario of LAMEA QSR Market– By Country (2021 & 2026)

281

11.10

Mexico Macroeconomic Factors Analysis

283

11.11

Mexico QSR Market: Size and Forecast (2016-2026)

285

11.12 (2016-2026) 12.

Mexico QSR Market Segmentation By Service Type, By Business Model, By Cuisine Type

Global QSR Market Dynamics 1. 2. 3.

13.

Page No.

Global QSR Market Drivers Global QSR Market Restraints Global QSR Market Trends

Market Attractiveness and Strategic Analysis 1.

Market Attractiveness Chart of Global QSR Market - By Service Type (Year 2026)

2.

Market Attractiveness Chart of Global QSR Market – By Business Model (Year 2026)

3.

Market Attractiveness Chart of Global QSR Market - By Cuisine Type (Year 2026)

287 290 291 293 295 297 299 300 301

12


S.No

Particulars 13.4

14.

15.

Competitive Landscape

302 303

1.

Market Share of global leading companies

304

2.

SWOT Analysis– Global QSR Market

306

3.

Porter Five Forces Analysis-Global QSR Market

308

Company Profiles (Business Description, Financial Analysis, Business Strategy)

310

1.

McDonald’s

311

2.

The Wendy’s Company

314

3.

Restaurants Brand International

317

4.

Bloomin Brands

320

5.

Starbucks Corporation

323

6.

Yum Brands Inc.

326

7.

Carrols Restaurant Group

329

8.

Ark Restaurant Corporation

332

9.

Chipotle Mexican Grill

335

Subway

338

10. 16.

Market Attractiveness Chart of Global QSR Market - By Region (Year 2026)

Page No.

About Us

339

13


Research Methodolog y


Global QSR Market Factbook: Research Methodology

Objective

Global QSR Market Factbook - 2022 Edition

• Evaluate the overall landscape of Quick Service Restaurant (QSR) Market in terms of Value (USD Billion) and Units (No. of Outlets) • Identify and analyze the top QSR players in the market to understand their market position, number of outlets and competition • Understand the dynamics of QSR market by service type, business model and cuisine type for the historical period of 2016-2021 and the forecast period of 2022-2026 •Methodology Recommend strategies to dominate the market Approach for Accurate and Actionable Data and Insights Sequential

01 Planning, Initiation, and Source Identification 01 Planning, Initiation and Resource • Project Kick-Off • Schedule finalization • Scope confirmation • Source selection

02

03

Primary Researchbased Data Aggregation

Analysis of Data to develop Insights &

04 Reporting in Structured Templates

Recommendations 02 Data Aggregation

03 Data Analysis

• In-depth primary interviews with market experts and business executives • Primary research supported by relevant content from diverse secondary sources

• Thorough validation and cleaning of data • Use of various analysis techniques (e.g. topdown/bottom-up market analysis, market segmentation analysis)

(c) AZOTH Analytics

04 Reporting Development and Presentation • Presentation of findings in the report.

15


Global Quick Service Restaurant (QSR) Market: An Analysis

(c) AZOTH Analytics

16


Global QSR Market: By Value Increased internet penetration and quick access to smartphones have resulted in more purchases through online channels. As a result, several food chains are shifting toward online portals to enhance online food ordering.

Figure 1: Global QSR Market Size, By Value, 2016-2021 (USD Billion)

CAGR 2016-2021 X%

E L P SAM 2016

2017

2018

2019

2020

2021

Source: Azoth Analytics Estimates The global QSR Market grew at a CAGR of -X% during 2016-2021 and attained a market size of around USD 713.3 Billion in the year 2021. Factors such as .. XX XX

17


Impact of COVID-19 on the Global QSR Market

E L P M

SA

(c) AZOTH Analytics

18


Competitive Scenario of Global QSR Market– By Cuisine Type Figure 14: Global QSR Market- By Cuisine Type Market

Chinese Cuisine segment holds the prominent share of x% in 2021 by Cuisine Type. It has continuously adapted to the

Share, 2021 & 2026

tastes of the west which has led to a ..

Inner Pie: Segmental Analysis By Cuisine Type, 2021 Outer Pie: Segmental Analysis By Cuisine Type, 2026

The next largest cuisine segment is Italian with x% share in 2021. The main factors that make Italian food so popular around the world are its . Additionally, Japanese food is well-known .. Xx Xx Xx

E L P SAM Xx

Xx

Xx

Xx

Xx Italian

Chines e

Japanese

Others Xx

Xx

19


North America QSR Market- By Number Of Stores Faster speed of service, greater convenience, low cost and increased demand of fast food from young population is resulting in the growing number of quick service restaurants in the region.

Figure 25: North America QSR Market Size, By Number of Stores, 2016-2026 (In Units)

2016 2016

2017

2018

2019

2017

2018

2019

2020

E L P SAM

2020

2021

2021

2022

2023

2024

2025

2026

2022

2023

2024

2025

2026

Source: Azoth Analytics Estimates The number of quick service restaurants in North America … Xx Xx Xx

xx 20


North America QSR Market- By Delivery Mode & Ownership Figure 28: North America QSR Market Size, By Delivery Mode (Number of Stores), 2016-2026 (In Units)

Number of Stores, 2016-2020 (Units)

Number of Stores, 2021-2026 (Units)

2020

2026

2019

2025 2024

2018

2023 2017

2022

2016

2021 DINE-IN THROUGH

E L P SAM

DRIVE-THROUGH

DINE-IN

DRIVE-

Number of Stores 2021-2026 Figure 29: North America QSR(Units) Market Size, By Ownership (Number of Stores), 2016-2026 (In(Units) Units) Number of Stores 2016-2020 2026

2020

2025

2019

2024

2018

2023

2017

2022

2016

2021 FRANCHISED

COMPANY OWNED

FRANCHISED

COMPANY OWNED

* Number of stores includes only Chained QSRs Source: Primary Research and Azoth Analytics Estimates

21


Taco Bell Number of Taco Bell Stores in North America, 2021 96%

7%

Drive Through

Company Owned

E L P SAM

Taco Bell Number of Stores, By Delivery Mode, 2016-2022¹ (Units)

Taco Bell Number of Stores, By Ownership, 2016-2022¹ (Units)

2022¹

2022¹ 2021

2021

2020

2020

2019

2019

2018

2018

2017

2017

2016

2016 DINE-IN

DRIVETHROUGH

FRANCHISED * 2022¹ data as of March/April

COMPANY OWNED

Source: Primary Research and Azoth Analytics Estimates

22


United States Quick Service Restaurant (QSR) Market: Country Analysis

(c) AZOTH Analytics

23


United States QSR Market- By Number Of Stores Growing drive thru facilities at QSR outlets coupled with rising spending on fast food by millennials in the U.S. are anticipated to drive the store count in the forecast period.

Figure 41: United States QSR Market Size, By Number of Stores, 2016-2026 (In Units)

2016

2017

2016

2017

2018 2018

2019 2019

2020

2021

E L P SAM

2020

2021

2022 2022

2023 2023

2024 2024

2025 2025

2026 2026

Source: Azoth Analytics Estimates In terms of the number of stores, the United States captures the largest chunk of the North American QSR market. In 2021, there were more than X thousand QSR outlets in the country, which is the highest in the world. The prime factors contributing .. XX XX

XX 24


United States QSR Market- By Type Figure 42: United States QSR Market Size, By Type (Value), 2016-2026 (USD Billion)

2016

2017

2018

2019

2020

2021

CHAINED

2022

2023

2024

2025

2026

STANDALONE

E L P SAM

Figure 43: United States QSR Market Size, By Type (Number of Stores), 2016-2026 (In Units)

2016

2017

2018

2019

2020

2021

CHAINED

2022

2023

2024

2025

2026

STANDALONE

Source: Primary Research and Azoth Analytics Estimates 25


United States QSR Market- By Delivery Mode & Ownership Figure 44: United States QSR Market Size, By Delivery Mode (Number of Stores), 2016-2026 (In Units)

Number of Stores, 2016-2020 (Units)

Number of Stores, 2021-2026 (Units)

2020

2026

2019

2025 2024

2018

2023

2017

2022

2016

2021 DINE-IN DRIVETHROUGH

E L P SAM

DINE-IN DRIVETHROUGH

Figure 45: United States QSR Market Size, By Ownership (Number of Stores), 2016-2026 (In Units)

Number of Stores 2016-2020 (Units)

Number of Stores 2021-2026 (Units)

2026

2020

2025

2019

2024

2018

2023

2017

2022

2016

2021 FRANCHISED

COMPANY OWNED

FRANCHISED

* Number of stores includes only Chained QSRs

COMPANY OWNED

Source: Primary Research and Azoth Analytics Estimates

26


United States QSR Market – By States Figure 46: United States QSR Market Size, By States (Number of Stores*), 2016-2022¹ (In Units) U.S. States

2016

2017

2018

2019

2020

2021

2022¹

CALIFORNIA TEXAS NEW YORK FLORIDA OHIO PENNSYLVANIA ILLINOIS NEW JERSEY

E L P SAM

GEORGIA MICHIGAN TENNESSEE MASSACHUSSETS MARYLAND * Number of Stores of top 50 QSR brands * 2022¹ stores data as of March/April Source: Primary Research and Azoth Analytics

27


McDonald’s Number of McDonald’s Stores in United States, 2021 (%) X%

X%

Drive Through

Company Owned

E L P SAM

McDonald’s Number of Stores, By Delivery Mode, 2016-2022¹ (Units)

McDonald’s Number of Stores, By Ownership, 2016-2022¹ (Units)

2022¹

2022¹ 2021

2021

2020

2020

2019

2019

2018

2018

2017

2017

2016

2016 DINE-IN

DRIVE-THROUGH

FRANCHISED

COMPANY OWNED

* 2022¹ data as of March/April Source: Primary Research and Azoth Analytics Estimates

28


About Azoth Analytics Pvt Ltd. Azoth Analytics (ISO 9001:2015) is a business research and analytics company that creates in-depth research reports and provides customized research solutions and consulting services. An ISO 9001:2015 certified company, Azoth Analytics adheres to international quality management standards and has a strong commitment to a culture of continuous improvement. The business research and market analysis of Azoth Analytics help organizations across different industry verticals solve their business problems. Strategic market sizing and data dredging techniques include secondary research, and primary research (interviews with management personnel and industry experts). Azoth Analytics provide syndicated and customized market research reports on different verticals including pharmaceutical and healthcare, oil and gas and power, chemicals, automotive, technology, FMCG, food & beverages and media sectors.

(c) AZOTH Analytics

29


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