The size of the global food service market reached **** trillion U.S. dollars in 2021. This figure was forecast to grow to **** trillion U.S. dollars in 2028, showing a CAGR of *** percent from 2021 to 2028.

The market size of the restaurant industry in the United Kingdom was predicted to rise to ** billion British pounds in 2024, which would represent an increase of *** percent over 2023. That year, the industry's market value stood at ***** billion British pounds.

The Fine Dining Restaurants industry weathered the turbulence of the COVID-19 pandemic to return to strong growth. The industry is characterized by high-end dining establishments. As a result, growth in per capita disposable income, consumer confidence and spending and the prevalence of households earning more than $100,000 in annual income has benefited the industry, enabling consumers to opt for premium dining experiences. Nevertheless, restaurants were forced to curtail dine-in operations when the COVID-19 struck, reducing demand for fine-dining restaurants as services at these establishments involve a high degree of in-person experience. Overall, industry revenue is forecast to increase at a CAGR of 2.7% to $16.7 billion over the five years to 2024. The industry rapid recovery since the peak of COVID-19 pandemic shutdowns has stemmed from the strong increase in households that generate annual income above $100,000, as these consumers can typically afford the premium prices charged by fine dining restaurants. The number of households within this income bracket has expanded since 2021, giving fine dining restaurants a broader base for a key consumer market segment. In 2024, the industry will continue growing, with revenue projected to rise 2.4%. The restaurant industry will be defined by intense competition moving forward, especially as purchase costs are pressured by rising prices created in the aftermath of the COVID-19 pandemic. Restaurants will seek to adjust, altering menus in light of pricing pressures and adjusting to changing consumer trends. Ultimately, fine dining restaurants will benefit from the continued expansion of consumer incomes, especially of households earning more than $100,000 in annual income. As a result, industry revenue is forecast to increase at a CAGR of 2.8% to $19.2 billion over the five years to 2029. This will allow profit margins across the industry to rise.

In 2025, 10 restaurants in Great Britain and Ireland were awarded three Michelin stars, the highest recognition given to restaurants by the Michelin Guide. Meanwhile, the number of restaurants holding one or two stars that year totaled 181 and 29, respectively.

Graph and download economic data for All Employees, Food Services and Drinking Places (CES7072200001) from Jan 1990 to Aug 2025 about leisure, hospitality, establishment survey, food, services, employment, and USA.

The global fast casual restaurants market size was USD 179.19 billion in 2024 & is projected to grow from USD 191.02 billion in 2025 to USD 318.52 billion by 2033.
Report Scope:

Number of Businesses statistics on the Single Location Full-Service Restaurants industry in the US

The number of businesses in the Italian restaurant sector in the United States increased in each year since 2012. From just over ** thousand establishments in that year, the number of businesses in this sector reached ***** thousand in 2019. However, businesses in the Italian restaurant sector in the U.S. was forecast to decline in 2020 as a result of the coronavirus pandemic.

Restaurant construction spending plunged in 2020 and 2021, as permanent closures and uncertainty swept through the sector. Momentum quickly shifted in 2022 and 2023, when pent-up demand, modernization campaigns and fierce competition for prime real estate powered a sharp rebound even in the face of high interest rates. But that resurgence proved fleeting, with expenditures falling again in 2024 and 2025 under the weight of persistent cost pressures, economic headwinds and shifting consumer behaviors that forced many business owners to hold off on new projects and prioritize value. Industry revenue has been increasing at a CAGR of 9.4% over the past five years to total an estimated $9.1 billion in 2025, including an estimated decrease of 1.2% in 2025. It should be noted that this strong growth over the past five years is due to the overall recovery from considerable declines in 2020. Over the past five years, renovations and adaptive reuse projects have been the backbone of industry growth. As thousands of restaurants shuttered in 2020, new and expanding business owners snapped up vacated spaces, driving a wave of remodeling activity. Chain and fast-food brands doubled down on site refreshes and digital upgrades, while booming interest in sustainability and green retrofits, fueled by incentives from the Inflation Reduction Act, added further depth to the renovation pipeline. Meanwhile, bars, full-service restaurants and locally owned independents outpaced fast-food outlets in new builds and upgrades, responding to evolving consumer tastes. Still, contractors endured difficulties expanding profit amid higher costs, particularly for full-time employees. Looking ahead, restaurant construction contractors are bracing for a complicated mix of opportunities and risks. Major brands have announced aggressive modernization programs and there’s the potential for renewed momentum following return-to-office mandates, which could increase demand for urban dining spaces. Still, contractors face major hurdles: tariffs and unpredictable input costs, continued labor shortages and swelling industry competition threaten profit, while the expiration of key federal tax credits could trigger a rush of “last chance” projects before a possible cooldown. Overall, industry revenue is forecast to climb at a CAGR of 1.3% to total an estimated $9.7 billion through the end of 2030.

[226+ Pages Report] The global Hospitality market size is expected to grow from USD 3953 billion in 2021 to USD 6716.3 billion by 2028, at a CAGR of 10.24% from 2022-2028

According to Cognitive Market Research, the Global QSR Market was valued at USD XX Million in 2021 and is expected to reach USD XX Million by the end of 2033, growing at a CAGR of XX% between 2025 and 2033.

The North America QSR market size was USD XX Million in 2021 and it is expected to reach USD XX Million in 2033.
The Europe QSR market size was USD XX Million in 2021 and it is expected to reach USD XX Million in 2033.
The Asia Pacific QSR market size was USD 241.54 Million in 2021 and it is expected to reach USD 694.11 Million in 2033.
The South America QSR market size was USD XX Million in 2021 and it is expected to reach USD XX Million in 2033.
The Middle East and Africa QSR market size was USD XX Million in 2021 and it is expected to reach USD XX Million in 2033.

Market Dynamics of QSR Market

Key Drivers of QSR Market

Urbanization and busy lifestyles increase demand for quick, affordable, and convenient dining. The global rise in urbanization has transformed consumer eating habits, particularly in densely populated cities where long working hours, daily commutes, and packed schedules limit time for home cooking or traditional dining experiences. Quick Service Restaurants (QSRs) offer an ideal solution by providing fast, affordable, and easily accessible meals that align with the needs of busy professionals, students, and families. With growing demand for speed and convenience, QSRs have positioned themselves as essential dining options, not just for on-the-go consumers but also for those seeking value-driven, reliable, and consistent meal solutions across diverse geographies.

Digital platforms expand reach through mobile ordering, delivery apps, and contactless payment solutions. Digital transformation has been a major growth catalyst for the QSR industry, with mobile ordering apps, delivery platforms, and contactless payment systems making food more accessible than ever. Consumers now enjoy the convenience of browsing menus, customizing orders, and receiving meals directly at home or work with just a few taps. Partnerships with aggregators like Uber Eats, DoorDash, and Meituan have amplified QSRs’ reach beyond physical outlets. Additionally, contactless technologies gained momentum during the COVID-19 pandemic, ensuring safety while enhancing customer experience. These digital solutions not only increase order frequency but also generate valuable consumer insights to refine offerings and marketing.

Rising disposable incomes drive higher consumer spending on fast food globally. Increasing disposable income levels, especially in emerging markets across Asia, Latin America, and Africa, are fueling greater spending on dining out and ordering in. Consumers with higher purchasing power are more willing to allocate part of their budgets to convenient and affordable QSR meals. This trend is particularly evident among younger demographics, who actively seek quick, modern, and branded food options that reflect lifestyle aspirations. In developed economies, rising incomes support experimentation with premium QSR offerings, such as gourmet burgers or healthier menu choices. Overall, economic growth and enhanced affordability directly translate into higher traffic and revenue for QSR operators.

Key Restraints in QSR Market

Market saturation in mature economies reduces store-level profitability and growth potential. In developed markets such as the U.S., Japan, and parts of Europe, QSR density is extremely high, leading to intense competition and brand cannibalization. With limited room for expansion, operators face declining same-store sales and compressed margins. This oversupply environment makes differentiation difficult, pushing QSRs to innovate through menu upgrades, loyalty programs, and digital engagement to retain customer attention and sustain profitability.

Rising labor, real estate, and raw material costs compress operating margins significantly. QSR operators worldwide struggle with rising operating costs, driven by wage increases, escalating rental expenses, and supply chain volatility affecting raw materials. These pressures directly impact unit economics, reducing profitability even in high-demand markets. Managing efficiency has become critical, prompting investment in automation, strategic supplier partnerships, and optimized real estate strategies. However, sustained cost inflation remains a major restraint on long-term scalability and financial performan...

Discover the booming Thailand food service market! Explore key trends, growth drivers, and segment analysis for cafes, restaurants, and cloud kitchens from 2019-2033. Learn about leading companies and future opportunities in this dynamic industry. Recent developments include: April 2022: Thai Beverage PCL launched a new brand, "Oishi Biztoro," which was developed as a 'hybrid' Japanese restaurant serving fast food and full service. The restaurant offers various popular and familiar Japanese dishes, divided into three main groups: "Ramen and Soba" Noodle Menu Group, "Donburi" Rice Menu Group, and Snacks Menu Group.July 2021: A&W Thailand partnered with 7-Eleven to launch three waffle products: Fish & Cheese Waffle, Grilled Teriyaki Chicken Waffle, and Spicy Chicken Waffle. This partnership is in response to the fast-food chain's shift toward packaged foods sold through the retail channel.April 2021: MK Restaurant Group opened its first MK Gold restaurant in Chiang Mai. It offers a premium dining experience with a wide range of menus.. Notable trends are: The rise in veganism and vegetarianism in the country led to the expansion of plant-based menu options.

The GCC Food Service Marketsize was valued at USD 31.80 USD Billion in 2023 and is projected to reach USD 128.73 USD Billion by 2032, exhibiting a CAGR of 22.11 % during the forecast period. GCC Food Service defines a broad category of food service operations within the countries of the Gulf Cooperation Council, which includes different subtypes including QSR, casual dining, contract catering, and institutional food services. These services are flexible on regional preferences, focused on hygiene, and where traditional and international food options are offered. Some trends that are worth mentioning are an optimized supply chain, better quality concerning food safety, and an increasing focus on digitalization regarding ordering and delivery processes. Practical uses range from business organizations’ food service to hospitals, catering services in functions or parties, and the hospitality industries in general effectively targeting the diversity and cultural customers in the GCC. Recent developments include: May 2022: The parent company of Hardee’s restaurant CKE Restaurants Holdings, Inc., partnered strategically with Universal Pictures to promote the movie “Jurassic World Dominion.” As a part of this strategy, the company introduced new movie-themed burger products in the market, January 2022: Halwani Bros. Co. invested around USD 53 million in a non-binding agreement with Aquat Food Industries Co. Through this agreement, the company aims to supply locally-produced food products required to operate Albaik restaurants in Egypt., December 2021: Riyadh International Catering Corporation, the Saudi Arabia franchisor of McDonald's restaurants, opened the 200th branch of the company on Riyadh Boulevard. This expansion will help to increase the revenue of the company., July 2021: Yum! Brands acquired Dragontail Systems Limited, a technology solutions provider for the food industry. The company is focused on accelerating its global digital and technology initiatives that enhance the customer and employee experience, strengthen restaurant unit economics, and provide a competitive advantage., June 2021: Saudi Arabia’s popular restaurant chain ALBAIK opened its first branch in the UAE. The Saudi brand entered the UAE market in partnership with ServQuest, an entity established by National Holding, Abu Dhabi. ServQuest is dedicated to operating and expanding ALBAIK across several nationwide restaurant brands.. Key drivers for this market are: Expansion of International Brands in Saudi Arabia to Fuel Market Growth. Potential restraints include: Greater Reliance on Food Imports and Limited Availability of Natural Resources Inhibit the Market Growth . Notable trends are: Rising Popularity of Veganism to Fuel Market Growth.

Due to the coronavirus (COVID-19) pandemic, and a subsequent lack of in-house dining, digital restaurant food orders increased in the United States between March 2020 and March 2021. Delivery orders, in particular, increased by *** percent, while carry-out orders increased by *** percent.

Key Food Delivery StatisticsTop Food Delivery AppsFood Delivery Revenue by CountryProjected Food Delivery Market SizeFood Delivery Users by AppUS Food Delivery Market ShareFood Delivery Downloads by...

The size of the Thailand Food Service Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.10% during the forecast period. Recent developments include: April 2022: Thai Beverage PCL launched a new brand, "Oishi Biztoro," which was developed as a 'hybrid' Japanese restaurant serving fast food and full service. The restaurant offers various popular and familiar Japanese dishes, divided into three main groups: "Ramen and Soba" Noodle Menu Group, "Donburi" Rice Menu Group, and Snacks Menu Group.July 2021: A&W Thailand partnered with 7-Eleven to launch three waffle products: Fish & Cheese Waffle, Grilled Teriyaki Chicken Waffle, and Spicy Chicken Waffle. This partnership is in response to the fast-food chain's shift toward packaged foods sold through the retail channel.April 2021: MK Restaurant Group opened its first MK Gold restaurant in Chiang Mai. It offers a premium dining experience with a wide range of menus.. Key drivers for this market are: Awareness and Extensive Promotions for Differentiated Food Ingredients, Favorable Regulatory Framework. Potential restraints include: High Processing Cost and Low Yield of Flavonoids. Notable trends are: The rise in veganism and vegetarianism in the country led to the expansion of plant-based menu options.

The size of the China Food Service Market was valued at USD 560.11 Million in 2023 and is projected to reach USD 757.14 Million by 2032, with an expected CAGR of 4.40% during the forecast period. Recent developments include: In September 2022, McDonald's China opened a drive-through restaurant McDonald's Shougang Park in Beijing spanning nearly 650 sqm. As per the company's claim, it is the first leed-certified zero-carbon restaurant in the country that is designed and constructed per the Leed net-zero carbon and net-zero energy certification standards., In December 2021, Restaurants Brands International, Inc. announced a regional partnership with Ant Group to accelerate the digital transformation of its restaurant operations across Asia-Pacific., In October 2021, McDonald's announced its plan to test its first-ever plant-based burger, the McPlant, which it created with Beyond Meat Inc. in a strategic three-year partnership in China., In September 2021, Yum! Brands announced the completion of the acquisition of Dragontail Systems Limited (Dragontail), an AI-based innovative provider of technology solutions for the food industry, in accordance with Australian corporate law.. Key drivers for this market are: Augmented Demand for Vegan Food in Restaurants, Growing Preference for Out-The-Home Consumption. Potential restraints include: Increasing Demand for Ready Meals. Notable trends are: Augmented Demand for Vegan Food in Restaurants.

The New Zealand food service market is valued at xx million and is projected to grow at a CAGR of 3.73% during the forecast period of 2025-2033. The market is segmented by type into full-service restaurants, quick-service restaurants, street stalls and kiosks, cafes/bars, and 100% home delivery restaurants. By structure, the market is divided into independent consumer foodservice and chained consumer foodservice. Major companies operating in the market include Bucking Bull, Yum! Brands Inc., Craveable Brands, Inspire Brands Inc., BurgerFuel, Domino's Pizza Inc., Columbus Coffee, Starbucks Corporation, Hungry Jack's Pty Ltd., and McDonald's Corporation. The growth of the New Zealand food service market is driven by factors such as the increasing demand for convenience, the rise of disposable income, and the growing popularity of online food delivery. However, the market is restrained by factors such as the high cost of labor and the volatile nature of the food industry. The market is expected to witness a number of trends in the coming years, including the increasing use of technology, the growth of healthy eating, and the rise of personalized dining experiences. Recent developments include: October 2021: Domino's launched Halloween Pizza Roulettes in Australia and New Zealand for a week only., January 2021: Starbucks revamped its global coffee brand, starting with its flagship Auckland Coffee. Tahua Capital, which owns the Starbucks New Zealand license, announced three new cafe openings in the second half of the year after reopening its Queen St Cafe in December 2020.. Key drivers for this market are: Increasing Demand for Protein-Rich Food, Increasing Demand for Plant-Based and Organic Ingredients. Potential restraints include: Presence of Alternative Proteins. Notable trends are: Full-Service Restaurants Segment Fueling Market Growth.

This data is the import and export data of the world's major food crops in 2021. The value represents the quantity imported.

Despite grappling with increasing inflation since 2021, the Chinese Restaurants industry has shown resilience. A 4.7% annualized growth rate since 2020 has lifted its projected value to $28.4 billion by 2025. This growth includes a 1.6% increase in 2025 alone, with profits forecasted to reach 4.2%. One of the industry's strengths is its diverse offering of foods, from dim sum and dumplings to Peking duck and hand-pulled noodles, keeping customers interested and loyal. This is further strengthened by the rise of Chinese fusion cuisine, a blend of Chinese with other styles, providing higher-priced options in upscale settings. The Michelin Star recognition of several Chinese restaurants, including New York's Café China and California's Bistro Na's, has also buoyed the appeal of Chinese fine dining. Chinese food's sustained popularity among Americans suggests a promising outlook for the industry. A shift in focus towards high-end business models is set to elevate industry revenue. To maintain growth, Chinese restaurants must continue to adapt their menus to cater to increasingly health-conscious consumers. Despite the challenges of increased competition resulting from low entry barriers for new restaurants, industry revenue is set to continue its upward trajectory. Further, tariffs are expected to have a detrimental effect on the industry as higher purchase expenses eventually force restaurant owners to raise prices, potentially reducing industry demand. Yet another rise is projected, albeit at a slower pace, with the Chinese restaurants industry revenue expected to grow at a CAGR of 1.6% to $30.8 billion over five years, by 2030.