The quick-service restaurant market is projected to grow by $119.20 billion from 2021 to 2025, according to a Technavio report.
North America sales is contributing 43% of growth. Sales are expected to grow 2.87% in 2021.
The rise in the number of quick-service restaurants has been instrumental in driving the growth of the market; however, fluctuations in raw material prices will hamper the market growth, according to a press release on the findings.
American Dairy Queen Corp., Chick-Fil-A Inc., Doctors Associates LLC, Dominos Pizza Inc., Dunkin' Brands Group Inc., Inspire Brands Inc., McDonald''s Corp., Starbucks Coffee Company, The Wendy's Co., and YUM Brands Inc. are top major market participants, according to the release.
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