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Fast Casual Restaurants Market in the US to Grow at a CAGR of 10.38% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Fast Casual Restaurants Market in the US 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 11/01/2016 -- Report forecast the fast casual restaurants market in the US to grow at a CAGR of 10.38% during the period 2016-2020.

A fast casual restaurant is a fresh and rapidly growing concept. It is a combination of quick service restaurants and casual dining restaurants. It serves healthier food that is fresh and costs more than the food served in quick service restaurants. The increase in health consciousness has pushed the demand for this segment. Consumers are willing to pay more for the healthy, fresh, and low-calorie food served at fast casual restaurants. Chipotle Mexican Grill, Panera Bread, and Five Guys are the top restaurants in this category.

The report covers the present scenario and the growth prospects of the fast casual restaurants market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of food and beverages by fast casual restaurants in the US.

According to the report, a fast casual pizza restaurant is a fresh and rapidly growing concept. It is a combination of fast food and casual dining restaurants. It serves healthier pizza that is fresh but costs more than the ones served in quick service pizza restaurants. The increase in health consciousness has pushed the demand for this segment. Consumers are willing to pay more for the healthy, fresh, and low-calorie pizza served at fast casual restaurants. In 2013, Chipotle Mexican Grill partnered with restaurateurs Bobby Stuckey and Lachlan Mackinnon-Patterson to launch a fast casual pizza concept called Pizzeria Locale, which cooks pizzas in around two minutes in customized 900°F oven. MOD Pizza, Blaze Fast-Fire'd Pizza, Pie Five Pizza, PizzaRev, Uncle Maddio's Pizza, and Live Basil Pizza are the top pizza restaurants in this category in the US.

Further, the report states that a major challenge for almost all the types of restaurants including fast casual restaurants is the fluctuation in the prices of food commodities such as sugar, grains, meat, and dairy products, which are vital for the preparation of food. In 2015, the prices of meat and vegetables shot up considerably by 3%-5% compared to 2014.

Fast Casual Restaurants Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the fast casual restaurant market in the US: Chipotle Mexican Grill, Firehouse Restaurant, Five Guys, Panda Express, and Panera Bread

Other Prominent Vendors in the market are: &pizza, Blaze Pizza, Dickey's Barbecue Pit, Godfather's Pizza, MOD Pizza, Noodles & Company, Pie Five Pizza, PizzaRev, Potbelly Sandwich Works, Shake Shack, Smashburger, Sweetgreen, and Uncle Maddio's Pizza Joint

Market driver
- Demand for innovation and customization in food menus
- For a full, detailed list, view our report

Market challenge
- Threat of contamination of ingredients and raw materials
- For a full, detailed list, view our report

Market trend
- Growing focus on social media marketing and promotional activities
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 54 pages and 32 Exhibits "Fast Casual Restaurants Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Country profile: US, Market segmentation by product, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Competitor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/fast-casual-restaurants-market-us-2016-2020

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