According to the research report titled ‘Global Quick Service Restaurant (QSR) Market Factbook (2022 Edition): World Market Review By Brands, Outlets, Delivery Model and Ownership (2016-2026)’, available with MarketStudyReport, global quick service restaurant (QSR) market was worth USD 713.29 billion in the year 2021 and is slated to record modest growth rate during 2022-2026.

The expansion of global quick service restaurant (QSR) market is facilitated by parameters including changing demographic groups as young adults & millennials are more likely to eat out, evolving consumption patterns, and surging preference toward convenience food.

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Besides, introduction of contactless payments and delivery apps is making it easier for consumers to obtain such products, thus supplementing market progress. 

The COVID-19 situation is constantly changing and most industries around the world are still struggling to adapt. The impact on the restaurant sector has been especially severe. Many eateries have been working hard to keep their business afloat as restaurants and pubs closed for sit-down service during pandemic. 

On the other hand, places that were able to provide delivery and pick-up saw substantial growth in order volume while meal kit delivery solutions also observed a sizable rise in popularity, further accelerating worldwide quick service restaurant (QSR) market development.

Based on service type, the market is split into home delivery, eat-in, and take away. Of these, the home delivery segment is estimated to witness considerable growth during the forecast period, as people prefer to avoid crowded places and enjoy the convenience of online ordering, particularly after the COVID-19 pandemic. 

In terms of business model, the industry consists of franchise & chain, and independent. With respect to cuisine type, the business sphere is divided into Japanese, Italian, Chinese, and others. For delivery mode, the marketplace is categorized into dine thru and dine in. As per ownership, the industry is classified into franchised, and company owned. 

Speaking of geographical aspects, Asia Pacific market is poised to register a substantial growth rate during the assessment period, owing to the presence of notable players, and rapid urbanization across the region. Furthermore, soaring disposable income levels will help boost fast food demand in emerging economies such as China and India in the coming years.

The renowned companies in global quick service restaurant (QSR) industry include names like Subway, McDonald's Corporation, Yum! Brands Inc., The Wendy's Company, Carrols Restaurant Group, Chipotle Mexican Grill Inc., Restaurant Brands International Inc., Starbucks Corporation, Bloomin' Brands Inc., and Ark Restaurant Corporation among others.