The Latest Fast Casual Restaurant Industry Statistics Explained
In 2020, the revenue of the US fast-casual restaurant industry was around $47.5 billion.
The statistic states that in the year 2020, the total revenue generated by the fast-casual restaurant industry in the United States was approximately $47.5 billion. This figure represents the combined sales and income generated by fast-casual dining establishments throughout the country over the course of the year. Fast-casual restaurants typically offer higher-quality food and a more upscale dining experience compared to fast-food chains but with a more casual setting than traditional fine dining restaurants. The revenue of the fast-casual restaurant industry provides insight into the economic significance and popularity of this dining segment within the broader food service industry in the US during the specific year 2020.
There are over 26,000 fast-casual locations across the United States.
The statistic that there are over 26,000 fast-casual locations across the United States reflects the widespread popularity and growth of this dining concept in the country. Fast-casual restaurants are characterized by offering high-quality food that is prepared quickly and priced affordably, filling the gap between traditional fast food and full-service restaurants. This high number of locations signifies the significant demand for such dining experiences among consumers who value convenience without compromising on flavor and freshness. The rapid proliferation of fast-casual establishments also highlights the competitive nature of the food service industry, as restaurants strive to meet the evolving preferences and expectations of modern diners.
The fast-casual industry’s growth outpaced that of the quick-service and full-service segments by nearly 11 percent in 2019.
This statistic suggests that the fast-casual dining industry experienced a significantly higher growth rate compared to both the quick-service and full-service dining sectors in 2019, with an impressive 11 percent difference. This implies that consumers are increasingly favoring the fast-casual dining experience over traditional fast-food and sit-down restaurant options. Factors contributing to this trend could include changing consumer preferences towards healthier and more customizable food options, as well as a greater emphasis on efficiency and convenience in dining experiences. The data highlights the fast-casual industry’s success in catering to evolving consumer demands and capturing a larger share of the market in the foodservice industry.
By 2027, the global fast-casual restaurant market is projected to reach $209.1 billion.
The statistic indicates a projection that the global fast-casual restaurant market is expected to grow substantially and reach a value of $209.1 billion by the year 2027. This projection suggests a significant expansion in the popularity and market share of fast-casual dining establishments worldwide, driven by factors such as changing consumer preferences towards healthier and more convenient dining options, as well as increasing disposable incomes and urbanization trends. The anticipated growth in this market presents opportunities for businesses in the fast-casual restaurant industry to capitalize on the rising demand for their services and products, thus potentially driving economic growth within the sector and creating new opportunities for innovation and competition in the global foodservice market.
The fast-casual segment grew by 8% in the United States in 2019.
The statistic that the fast-casual segment grew by 8% in the United States in 2019 indicates a significant increase in the popularity and market share of fast-casual dining establishments compared to the previous year. This growth rate suggests that consumers are increasingly opting for the convenience, quality, and experience offered by fast-casual restaurants over traditional fast-food chains or casual dining options. The 8% increase in the fast-casual segment implies a positive trend in the industry, potentially driven by factors such as changing consumer preferences, innovative menu offerings, and successful marketing strategies by fast-casual brands. Overall, this statistic signifies a strong performance and upward trajectory for the fast-casual segment within the U.S. restaurant industry in 2019.
In 2020, fast-casual restaurants accounted for 11.5% of the total US restaurant market.
In 2020, the fast-casual restaurant segment held a market share of 11.5% within the overall United States restaurant industry. This statistic indicates the proportion of consumer spending directed towards fast-casual dining experiences, which are characterized by quick, high-quality, and moderately priced food options. The 11.5% market share showcases the significant presence and popularity of fast-casual restaurants among American consumers compared to other types of dining establishments such as fast food chains, casual dining, or fine dining restaurants. This data point is crucial for industry analysts and stakeholders to understand the competitive landscape and consumer preferences within the US restaurant market.
Over 43% of US consumers prefer to order from fast-casual restaurants online or using mobile apps.
The statistic that over 43% of US consumers prefer to order from fast-casual restaurants online or using mobile apps indicates a significant trend in how people are choosing to interact with food service establishments. This preference suggests a growing reliance on digital platforms for convenience, efficiency, and safety, particularly in the wake of the COVID-19 pandemic. The shift towards online and mobile ordering reflects changing consumer behaviors and expectations, as individuals seek more seamless and contactless experiences. This statistic highlights the importance for fast-casual restaurants to prioritize and optimize their online and mobile ordering systems to meet the evolving demands of their customer base and stay competitive in the market.
About 33% of Americans eat from a fast-casual restaurant once a week.
The statistic “about 33% of Americans eat from a fast-casual restaurant once a week” indicates that approximately one-third of the American population consumes food from fast-casual establishments on a weekly basis. This suggests a significant portion of the population opts for the convenience, variety, and speed provided by fast-casual dining experiences. This statistic could reflect changing dietary habits, evolving lifestyles, and a shift towards dining out rather than cooking at home. Understanding the frequency and preferences for fast-casual dining among Americans can provide insights into consumer behavior, dining trends, and the restaurant industry’s market share.
In 2020, the fast-casual restaurant industry in the US suffered a 6% drop in visits due to the pandemic.
The statistic indicates that in 2020, the fast-casual restaurant industry in the United States experienced a decrease of 6% in customer visits compared to previous years, largely attributed to the impact of the COVID-19 pandemic. The restrictions and safety measures implemented to curb the spread of the virus, such as indoor dining limitations, social distancing guidelines, and stay-at-home orders, likely significantly impacted consumer behavior and their willingness to dine out. This decline in visits signifies a notable decline in revenue and highlights the challenges faced by the fast-casual restaurant sector during this challenging period, demonstrating the widespread economic consequences of the pandemic on the dining industry.
Consumers spent over $768 billion on fast-casual restaurants in the US in 2020.
The statistic “Consumers spent over $768 billion on fast-casual restaurants in the US in 2020” indicates the significant economic impact of the fast-casual dining industry within the United States during the specified year. This amount represents the total expenditure by consumers on fast-casual dining establishments, which typically offer higher-quality food and service than traditional fast-food chains while maintaining affordable prices and quick service. The substantial dollar figure highlights the popularity and consumer demand for this dining segment, underscoring the importance of the fast-casual industry within the broader food service sector and the overall economy.
About 67% of Gen Z consumers prefer to visit fast-casual restaurants.
The statistic that about 67% of Gen Z consumers prefer to visit fast-casual restaurants suggests a strong inclination among this demographic towards dining at establishments that offer a balance between convenience, affordability, and quality. This preference could be driven by factors such as a desire for quick and customizable dining options, a focus on healthier and fresher ingredients commonly associated with fast-casual eateries, as well as a preference for socializing in a more relaxed and informal setting that fast-casual restaurants often provide. This statistic underscores the importance of understanding consumer preferences and behaviors among different generations to effectively cater to their needs and interests in the ever-evolving restaurant industry.
The fast-casual industry is projected to grow at a CAGR of 7.1% from 2021 to 2026.
This statistic indicates that the fast-casual industry is expected to experience a Compound Annual Growth Rate (CAGR) of 7.1% over the period from 2021 to 2026. CAGR is a useful measure to understand the smooth annual growth rate of an investment or industry over time. In this context, a CAGR of 7.1% suggests robust and sustained growth in the fast-casual sector over the forecast period. This projection implies that the industry is anticipated to expand steadily, driven by factors such as changing consumer preferences towards healthier, customizable, and convenient dining options. Businesses within the fast-casual sector may benefit from this projected growth by adapting to evolving market trends, enhancing operational efficiency, and capturing market share in the competitive landscape.
Burger fast-casual restaurants generated nearly $25 billion in sales in the US in 2020.
The statistic highlights the significant revenue generated by burger fast-casual restaurants in the United States in 2020, amounting to approximately $25 billion. This data signifies the economic impact and popularity of this particular segment within the fast-casual dining industry. The high sales volume suggests that there is a strong consumer demand for burgers served in a more upscale and convenient dining environment compared to traditional fast-food establishments. Additionally, the figure underscores the competitiveness of the burger fast-casual market, with restaurants likely employing various strategies to attract and retain customers in order to achieve such impressive sales figures.
Around 34% of fast-casual restaurants experienced an increase in takeout sales in 2020.
The statistic that around 34% of fast-casual restaurants experienced an increase in takeout sales in 2020 indicates that a significant portion of these establishments saw a rise in the revenue generated from takeout orders during the year. This could be attributed to the shift in consumer behavior as a response to the COVID-19 pandemic, with more people opting for takeout and delivery services rather than dining in at restaurants. The increase in takeout sales suggests that fast-casual restaurants were able to adapt to the changing circumstances and capitalize on the demand for convenient and safe dining options. The data reflects a trend within the industry and highlights the importance of offering robust takeout services to meet customer needs and remain competitive in a challenging market environment.
By 2025, digital ordering is expected to make up nearly half of all fast-casual restaurant sales.
The statistic states that by the year 2025, it is predicted that digital ordering, which includes online ordering through websites or apps as well as kiosks in the restaurants, will account for approximately 50% of all sales in fast-casual dining establishments. This suggests a significant shift in consumer behavior towards using digital channels to place food orders, likely driven by convenience, speed, and the increasing use of technology in everyday activities. As technology continues to advance and consumers seek more efficient ways to order and receive their meals, fast-casual restaurants are expected to adapt by investing in and promoting digital ordering options to accommodate this growing trend and ultimately enhance customer satisfaction and overall business performance.
About 57% of millennials would rather eat at a fast-casual restaurant than a quick service restaurant.
The statistic indicates that a majority of millennials, individuals born between 1981 and 1996, prefer dining at fast-casual restaurants over quick service restaurants, with approximately 57% expressing this preference. Fast-casual restaurants typically offer higher quality food and a more upscale dining experience compared to quick service restaurants, which prioritize speed and convenience. This preference among millennials could be attributed to their inclination towards healthier food options, customizable menu choices, and an overall better dining experience. As millennials continue to influence consumer trends in the food industry, this statistic underscores the importance for restaurants to adapt to changing preferences and cater to the evolving tastes of this demographic segment.
The average check size for a meal in a fast-casual restaurant is $12.
The statistic “The average check size for a meal in a fast-casual restaurant is $12” indicates that, on average, customers typically spend $12 when dining at a fast-casual restaurant. This average check size serves as a benchmark for understanding the typical spending patterns of customers in this type of dining establishment. It provides valuable information for restaurant owners and managers to assess pricing strategies, menu options, and overall revenue expectations. Additionally, this statistic can be used to compare against other types of restaurants or to track changes in consumer behavior over time within the fast-casual dining sector.
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