Key Highlights
- The global QSR industry revenue was valued at approximately $931 billion in 2022
- Approximately 72% of QSR customers order food via mobile apps or online platforms
- The average QSR customer visits a restaurant 2.4 times per week
- 65% of QSR sales are generated through takeout or delivery services
- The top three factors influencing QSR customer satisfaction are food quality (85%), cleanliness (78%), and speed of service (74%)
- The global fast-food market is expected to reach $678 billion by 2025
- The average spend per visit at a QSR in the U.S. is around $8.54
- Approximately 50% of QSR restaurants are now offering plant-based menu options
- The number of QSR outlets in the United States reached over 200,000 in 2022
- 48% of QSR chains report increased sales due to digital mobile ordering platforms
- The global QSR equipment market is projected to grow at a CAGR of 4.5% through 2027
- Over 60% of consumers prefer to order food via mobile apps rather than calling the restaurant
- 70% of QSR consumers want healthier menu options
The $931 billion global QSR industry is undergoing a rapid transformation driven by digital innovation, evolving consumer preferences, and sustainability initiatives, making it one of the most dynamic sectors in the foodservice world today.
Consumer Preferences and Behavior
- Approximately 72% of QSR customers order food via mobile apps or online platforms
- The average QSR customer visits a restaurant 2.4 times per week
- 65% of QSR sales are generated through takeout or delivery services
- The top three factors influencing QSR customer satisfaction are food quality (85%), cleanliness (78%), and speed of service (74%)
- Over 60% of consumers prefer to order food via mobile apps rather than calling the restaurant
- 70% of QSR consumers want healthier menu options
- The use of contactless payment methods in QSRs increased by 73% during the COVID-19 pandemic
- 45% of consumers say they are likely to visit a QSR more often if they have access to free Wi-Fi
- 63% of QSR consumers prefer to order via mobile apps over other channels
- 39% of QSR customers are influenced by social media when choosing where to eat
- 80% of QSRs highlight sustainability initiatives as part of their branding efforts
- Nearly 60% of QSR restaurants are implementing eco-friendly packaging solutions
- Digital loyalty programs have boosted customer retention rates in QSR by up to 20%
- 65% of QSR visits are made using coupons or promotional offers accessed via mobile apps
- The penetration of plant-based meat in QSR menus increased by 50% between 2020 and 2023
- Nearly 70% of consumers check online reviews before visiting a QSR
- 45% of QSR customers are driven by convenience and quick service when choosing a restaurant
- QSRs with a focus on sustainability see a 15% higher customer retention rate
- The use of nutritional information display in QSRs increased by 35% during 2020-2022 to comply with new regulations
- 50% of millennials and Gen Z prefer eating at QSRs over casual dining restaurants
- The global demand for gluten-free and allergen-friendly menu options in QSRs is expected to grow at a CAGR of 7.8% through 2027
Consumer Preferences and Behavior Interpretation
Market Size and Financial Performance
- The global QSR industry revenue was valued at approximately $931 billion in 2022
- The global fast-food market is expected to reach $678 billion by 2025
- The average spend per visit at a QSR in the U.S. is around $8.54
- The number of QSR outlets in the United States reached over 200,000 in 2022
- The global QSR equipment market is projected to grow at a CAGR of 4.5% through 2027
- The global vegetarian and vegan fast-food market is projected to grow at a CAGR of 9.4% through 2028
- The QSR industry is expected to grow at a CAGR of 4% from 2023 to 2028
- The global QSR digital ordering market is projected to reach $320 billion by 2026
- Franchise QSR brands account for over 70% of the total QSR market share in the U.S.
- The global online food delivery market was valued at $200 billion in 2021 and is projected to double by 2027
- The average order value in QSRs has increased by 12% over the last three years
- The largest QSR chains in the U.S. have an average of 2,500 locations, with some exceeding 5,000 outlets
- The average gross profit margin in the QSR industry is approximately 20-25%, depending on the chain and location
Market Size and Financial Performance Interpretation
Menu Trends and Product Offerings
- Approximately 50% of QSR restaurants are now offering plant-based menu options
- The top three menu categories in QSRs are burgers, fried chicken, and pizza
- 40% of QSR menus now feature gluten-free options to cater to dietary restrictions
Menu Trends and Product Offerings Interpretation
Operational Trends and Industry Developments
- The average wait time for customers in a QSR is approximately 4 minutes
- 55% of QSR chains plan to expand their delivery services in the next two years
- The average lifespan of a QSR outlet before closure or rebranding is approximately 7 years
- The average QSR restaurant has 15 employees, but this can vary significantly depending on size and location
- In North America, about 53% of QSR sales come from drive-thru orders
- The average food wastage in a QSR is estimated at 3-5% of total inventory, which companies are actively trying to reduce through better inventory management
- 58% of QSR managers report staff turnover as a major challenge, affecting service quality and operational efficiency
- 45% of QSRs are investing in energy-efficient kitchen appliances to reduce costs and environmental impact
Operational Trends and Industry Developments Interpretation
Technology Adoption and Innovation
- 48% of QSR chains report increased sales due to digital mobile ordering platforms
- The number of self-service kiosks in QSRs has increased by over 400% since 2018
- Around 80% of QSR businesses adopted some form of digital marketing strategy by 2022
- 30% of QSR brands use AI-driven analytics to optimize menu offerings and inventory
- 68% of QSRs use technology to personalize offers and marketing messages to individual customers
- Robot automation is being adopted by 25% of QSR brands to speed up order processing and reduce labor costs
- The use of AI chatbots for customer service in QSRs increased by 60% during 2021-2023
Technology Adoption and Innovation Interpretation
Sources & References
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