Quick Service Restaurants Market: Future Growth & Opportunities 2020-2027
Quick Service Restaurants (QSR) Market Forecast The global quick-service restaurants (QSR) market size is projected to be valued at USD 577.71 billion by 2028 at a CAGR of three .65% between 2021 and 2028. QSRs generally operate using the franchise model as this enables the chains to expand rapidly over large areas with the value of fixing each restaurant shared between franchisee and franchisor. However, not all QSRs are franchised and few of them operate under more traditional business models. For instance, Uncle Sams Hamburger Express may be a UK-based chain of burger restaurants with several locations across the south coast of the United Kingdom which isn't franchised. Others renowned global chains including Nando’s Group also operate as company-owned restaurants instead of a franchise model. Also, some QSR chains operate both with several franchised QSRs and a few franchisor-owned QSRs....