The Latest Qsr Industry Statistics Explained
The global quick-service restaurants (QSR) market size was valued at USD 257.19 billion in 2020.
This statistic indicates that the global quick-service restaurants (QSR) market had a total worth of USD 257.19 billion in the year 2020. This figure quantifies the combined revenues generated by quick-service restaurants around the world during that year. Quick-service restaurants are known for their fast and efficient service, catering to customers looking for convenient dining options. The market size represents the overall economic activity within the QSR industry, including sales of food and beverages, as well as associated services. This statistic is significant as it demonstrates the substantial economic impact and consumer demand for quick-service restaurants on a global scale in 2020.
The QSR industry is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028.
The statistic indicates that the Quick Service Restaurant (QSR) industry is predicted to experience a steady and consistent growth rate over the period of 2021 to 2028. Specifically, the industry is projected to expand at a compound annual growth rate (CAGR) of 4.6% during this timeframe. This implies that, on average, the industry’s market size is anticipated to increase by 4.6% every year over the specified period. Such growth may be driven by various factors such as evolving consumer preferences, technological advancements, changing demographics, and economic conditions that are expected to positively impact the QSR sector. Overall, this statistic suggests a promising outlook for the QSR industry over the next few years, indicating potential opportunities for businesses within this sector to thrive and expand.
The US QSR industry was worth approximately 273.5 billion dollars in 2019.
The statistic that the US Quick Service Restaurant (QSR) industry was worth approximately 273.5 billion dollars in 2019 indicates the significant economic impact of this sector on the country’s overall economy. The QSR industry encompasses a wide range of fast-food and fast-casual chains, and this high monetary value highlights the large-scale consumer demand for convenient and affordable dining options. This statistic also underscores the industry’s growth potential and competitiveness, as it continues to attract a substantial portion of consumer spending on food and dining out. Overall, the size of the US QSR industry in 2019 demonstrates its substantial contribution to the nation’s GDP and employment opportunities.
The number of franchise establishments in the U.S. QSR sector was predicted to reach 226,157 in 2021.
This statistic indicates that the predicted number of franchise establishments in the Quick Service Restaurant (QSR) sector in the United States was expected to reach 226,157 in the year 2021. This suggests growth or stability in the number of QSR franchise locations in the U.S. This information could be valuable for industry stakeholders, policymakers, and investors who are interested in understanding the landscape and dynamics of the fast-food sector in the country. It may also serve as a benchmark for assessing the overall health and performance of the QSR industry in terms of market expansion and opportunities for franchise development.
As of 2019, there were 195,183 QSRs in the U.S.
The statistic states that as of 2019, there were a total of 195,183 Quick Service Restaurants (QSRs) in the United States. QSRs are establishments that primarily serve fast food and have minimal table service. This number is a reflection of the significant presence and popularity of fast food chains and quick dining options in the U.S. The high count of QSRs indicates a competitive market and emphasizes the widespread consumption and demand for convenient and fast dining experiences among Americans. This statistic provides insight into the scale of the fast-food industry and its impact on the country’s dining habits and economy.
The McDonald’s Corporation was the leading QSR chain in the U.S. in 2020, with system-wide sales worth around 40.41 billion U.S. dollars.
This statistic indicates that The McDonald’s Corporation held the top position among Quick Service Restaurant (QSR) chains in the United States in terms of system-wide sales in 2020, generating approximately 40.41 billion U.S. dollars in revenue. System-wide sales encompass all sales within company-owned and franchised locations, reflecting the brand’s overall performance and popularity among consumers. The substantial revenue generated by McDonald’s highlights its significant market presence and competitive advantage within the QSR industry, positioning the company as a prominent player in the U.S. fast-food market during the specified time period.
The highest employments in U.S. QSR segment was recorded to 4.4 million as of 2020.
The statistic stating that the highest employment in the U.S. Quick Service Restaurant (QSR) segment was recorded at 4.4 million as of 2020 indicates that this sector of the economy employed a substantial number of individuals at that time. This figure highlights the significant role that the QSR industry plays in providing job opportunities for a large portion of the U.S. workforce. The high employment numbers suggest that QSRs are an important part of the economy, contributing to job creation and providing employment opportunities for millions of people across the country.
The number of QSR chains in the U.S. with 500 or more units was 122 in 2020.
The statistic that states the number of Quick Service Restaurant (QSR) chains in the U.S. with 500 or more units being 122 in 2020 provides insight into the competitive landscape of the foodservice industry. This statistic highlights the presence and growth of large QSR chains in the market, indicating a concentration of market share among a relatively small number of players. The fact that there are 122 such chains suggests a highly competitive environment where these larger chains command a significant portion of consumer spending in the quick-service dining sector. This information can be valuable for industry analysis, market research, and strategic planning for both existing and potential entrants in the QSR market.
Total expenditures by Hispanic consumers in QSRs amounted to approximately 18 billion U.S. dollars in 2019.
The statistic indicates that Hispanic consumers collectively spent around 18 billion U.S. dollars at Quick Service Restaurants (QSRs) in the year 2019. This data point highlights the significant economic contribution of the Hispanic consumer segment to the QSR industry. The amount spent reflects the purchasing power and consumption habits of Hispanic consumers within this specific market sector. This information is valuable for businesses operating in the QSR industry as it underscores the importance of catering to the preferences and needs of Hispanic consumers to capitalize on this substantial market opportunity.
QSR industry faces a high turnover rate, reaching as high as 150% annually.
The statistic indicating that the Quick Service Restaurant (QSR) industry faces a high turnover rate, reaching as high as 150% annually, implies that there is a significant challenge in retaining employees within this sector. A turnover rate of 150% means that, on average, a company in the QSR industry is replacing its entire workforce once and a half over the course of a year. This high turnover rate can lead to several negative consequences for businesses, including increased recruitment and training costs, decreased productivity, and challenges in maintaining consistent customer service standards. Addressing the root causes of this turnover, such as low wages, limited advancement opportunities, or poor working conditions, is crucial for QSR companies to improve employee retention and ultimately enhance their overall performance and competitiveness in the market.
Taco Bell was the favorite QSR chain among U.S. teenagers in 2022, according to a survey.
The statistic suggests that in 2022, among Quick Service Restaurant (QSR) chains in the United States, Taco Bell was preferred the most by teenagers based on a survey. This indicates that Taco Bell resonated well with the younger demographic, likely due to factors such as menu offerings, pricing, convenience, or brand perception. The preference of teenagers for Taco Bell over other QSR chains could have significant implications for the fast-food industry in terms of market share, branding strategies, and product development tailored to this age group. Further analysis could explore the reasons behind this preference and its potential impact on the overall fast-food market landscape.
QSR pizza chain Domino’s had an approximate 31% share of U.S. pizza delivery market in 2020.
The statistic that QSR pizza chain Domino’s had an approximate 31% share of the U.S. pizza delivery market in 2020 indicates that out of all the pizza delivery orders placed in the United States that year, about 31% were fulfilled by Domino’s. This suggests that Domino’s is a major player in the pizza delivery industry, capturing a significant portion of the market compared to its competitors. The data highlights Domino’s strong presence and popularity among consumers for pizza delivery services in the U.S., showcasing the company’s market position and competitive advantage in the industry.
Quick service seafood restaurants accounted for around $4.54 billion dollars in the US in 2020.
The statistic indicates that quick service seafood restaurants generated approximately $4.54 billion in revenue in the United States in 2020. This represents the total sales value generated by such establishments during that year and highlights the significant economic contribution of this sector to the overall food service industry. The figure showcases consumer demand for convenient and fast seafood options, as well as the popularity of quick service restaurants in the US market. The statistic provides insights into the financial performance and market size of the quick service seafood restaurant segment, serving as a key indicator of its economic importance and potential growth opportunities within the food service industry.
In 2021, over 22.5 billion visits were made to QSR restaurants in the U.S.
The statistic that in 2021, over 22.5 billion visits were made to quick-service restaurants (QSR) in the U.S. indicates the significant popularity and demand for fast food and quick dining options among consumers. This large number of visits signifies the widespread appeal and convenience of QSR establishments, likely driven by factors such as affordability, speed of service, and accessibility. The sheer volume of visits highlights the integral role that QSR restaurants play in the American food industry and economy, showcasing a robust market for fast and convenient dining experiences in the United States.
As of 2020, QSRs in the U.S. generated approximately $281 billion in consumer spending.
The statistic indicates that in the U.S., Quick Service Restaurants (QSRs) collectively generated a substantial amount of consumer spending, totaling approximately $281 billion in the year 2020. This figure highlights the significant economic contribution of QSRs to the food service industry and the overall economy, showcasing the popularity and demand for fast and convenient dining options among consumers. The spending at QSRs not only reflects consumer preferences for quick and affordable meals but also underscores the large scale of the QSR market in the U.S., indicating the importance of this sector in terms of revenue generation and employment opportunities.
In 2020, QSR and fast casual eateries accounted for over 360,000 locations in the U.S.
In 2020, the statistic indicates that quick-service restaurants (QSR) and fast casual eateries collectively comprised more than 360,000 locations across the United States. This data suggests that QSR and fast casual dining establishments are highly prevalent and widely dispersed throughout the country, offering convenient and accessible options for consumers seeking quick and casual dining experiences. The sheer number of locations highlights the substantial presence and popularity of these types of eateries in the American food service industry, reflecting their significant role in catering to the diverse preferences and demands of the U.S. population for fast, convenient, and affordable dining choices.
In 2020, restaurants and other eating places sector generated over 616.3 billion U.S. dollars in the United States.
The statistic stating that the restaurants and other eating places sector generated over 616.3 billion U.S. dollars in the United States in 2020 highlights the significant economic contribution of this industry to the country’s GDP. This figure underscores the sector’s substantial scale and importance within the U.S. economy, reflecting the high levels of consumer spending on dining out and related food services. The data also suggests the widespread popularity and demand for restaurants and eating establishments across the country, indicating a robust market for food services. Moreover, this statistic likely captures both revenue generated from sales as well as employment opportunities created within the sector, illustrating the sector’s role in driving economic growth and job creation in the United States.
The QSR burger industry was predicted to be worth approximately 138.3 billion U.S. dollars in the United States in 2020.
The statistic stating that the Quick Service Restaurant (QSR) burger industry was predicted to be worth approximately 138.3 billion U.S. dollars in the United States in 2020 highlights the significant economic impact and scale of this industry within the country. This figure reflects the estimated total revenue generated by QSRs specializing in burgers during the specified year, illustrating the immense market demand for fast-food burger establishments among consumers. The statistic likely encompasses sales from popular burger chains, independent burger joints, and any other establishments that primarily focus on serving burgers in a quick and convenient manner to customers. This data serves as a crucial indicator of the financial health and growth potential of the QSR burger sector in the U.S., shedding light on its importance within the broader food service industry.
In 2020, quick service sandwich restaurants brought in around 22.19 billion U.S. dollars in the United States.
The statistic indicates that in 2020, the United States quick service sandwich restaurant industry generated approximately $22.19 billion in revenue. This figure reflects the total amount of sales generated by these types of establishments over the course of the year. The statistic provides insight into the economic performance and significant financial contribution of quick service sandwich restaurants to the U.S. economy in 2020. It highlights the popularity and widespread consumer demand for fast and convenient dining options, particularly in the sandwich segment of the food service industry. The statistic serves as a key indicator of the industry’s financial health and growth trajectory during the specified period.
In a 2021 survey, 53 percent of U.S. consumers agreed that they eat at quick service (fast food) restaurants because it is convenient.
The statistic reveals that in a 2021 survey, a majority of U.S. consumers, specifically 53 percent, acknowledged that they opt to dine at quick service (fast food) restaurants due to the convenience they offer. This indicates a significant portion of the population values quick and efficient service when it comes to their dining choices. The statistic sheds light on a consumer behavior trend in the United States, showing that convenience plays a key role in their decision-making process regarding food consumption. This insight could be valuable for businesses in the food industry looking to cater to consumer preferences and enhance their offerings to align with this convenience-driven demand.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.qsrmagazine.com
